Retail news
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Heavy losses expected at electrical giants
- Posted:
- 22 June 2009 09:57
Effects of the global downturn on the electrical/electronics sector are expected to be underlined dramatically over the coming week as Europe's two biggest players, DSGi and Kesa, prepare to announce very disappointing results.It has been reported that DSGi is preparing to announce an 80% drop in earnings this week, as ...read more
DSGi sells Hungary business for Eu1
- Posted:
- 19 May 2009 09:46
DSGi has announced the sale of its Electro World Hungary business to EW Electro Retail Ltd (EWH) for a nominal Eu1. The sale will see the transfer of all nine stores, operations and employees to EWH. The operations in the Czech Republic and Slovakia, which "continue to perform well in their ...read more
DSGi set to sell more Electro World stores
- Posted:
- 09 April 2009 09:22
According to press reports, DSG International is set to sell its Electro World stores in central Europe to a Slovakia-based electricals retailer NAY. NAY operates 19 large electronics stores in 17 cities throughout Slovakia. According to its website, it controls 23% of the market, making it the leader in the ...read more
DSGi to axe jobs and shut Scandinavian sites
- Posted:
- 06 April 2009 09:36
DSGi has announced the closure of part of its Scandinavian business. DSGi will shut 19 of its 23 Markantalo stores in Finland and eight PC City stores in Sweden and is negotiating around 480 redundancies with unions. In Finland, the four remaining Markantalo shops will be converted into its Gigantti ...read more
DSGi sees success in renewal plan
- Posted:
- 04 March 2009 09:26
DSG International has announced plans to create a further five megastores following the success of the flagship branch in Birmingham. Updating on its renewal and transformation plan, the company said that the ten months since the May 15th 2008, when the company announced the plans, had been "a period of ...read more
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