Retail news
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New chairman for DSGi
- Posted:
- 19 January 2009 09:29
DSG international has announced that the chief financial officer of Deutsche Post World Net, John Allan, will take over as the chairman of DSGi following Sir John Collins' announcement that he plans to retire this September. Mr Allan has held senior roles in a number of blue-chip international businesses in a ...read more
DSGi confirms slide in sales
- Posted:
- 15 January 2009 09:55
DSG International has confirmed gloomy market forecasts, reporting a slide in like-for-like sales over Christmas. In the 12 weeks ended January 10th, group sales were down 1% in sterling and like-for-like sales were down 10%. The company added that it was operating within its £400 million committed credit facility, which ...read more
DSGi sets out plan for recession
- Posted:
- 27 November 2008 09:50
Announcing an inevitably disappointing set of trading results, electricals giant DSGi was nonetheless bullish about the steps it is taking to ride out the recessionary storm. The group declared itself "prepared for a recessionary environment" – this despite trading which saw it make an underlying pre-tax loss of £29.8 million ...read more
DSGi puts Electro World up for sale
- Posted:
- 11 November 2008 08:55
DSGi has put its European store chain Electro World up for sale according to the Sunday Times. In 2007 the chain had sales of around £250 million in Central and Eastern Europe but made losses of approximately £10 million. The division has more than 30 stores. Analysts believe the business could ...read more
DSGi sales fall 7% as consumer confidence plummets
- Posted:
- 27 October 2008 09:36
DSG International has seen a 7% fall in like-for-like sales, in the 24 weeks ended October 18th. The group added that consumer confidence had "significantly deteriorated across Europe" in recent weeks and that as a result it would be cutting capital expenditure by approximately £30 million this year, or 16%, ...read more
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