Retail news
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DSGi sales falls 7% as consumer confidence plummets
- Posted:
- 23 October 2008 09:02
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, with reductions ...read more
DSGi chairman to retire as turnaround plan gathers pace
- Posted:
- 03 September 2008 09:22
DSG international has announced that chairman Sir John Collins will retire from the board at the group's AGM in 2009. In a statement, the company said: "the board is initiating a search for a new chairman and it is expected that there will be a suitable handover period ahead of ...read more
DSGi sees profits fall 30% in "challenging" year
- Posted:
- 26 June 2008 09:55
DSG international has seen a fall in pre-tax profit of 30% in a "challenging" year for the group. In a trading statement covering the 53 weeks ended May 3rd, the company said that total group sales were up 8% to £8,545.9 million, with group like-for-like sales up 1% partly helped ...read more
New DSGi chief operating officer ‘backs out’ of role
- Posted:
- 03 June 2008 09:20
Patrick Macdonald, who was due to join DSGi as chief operating officer, is instead to become only a part-time consultant with the company. According to reports, Mr Macdonald had a ‘change of heart’. ...read more
DSGi cuts costs, staff and shops
- Posted:
- 15 May 2008 09:46
DSGi has revealed radical plans to cut costs, including store closures and staff reductions in head office, supply chain and high street stores. The news came as the electricals retailer announced flat sales in the 28 weeks to the end of April. In a statement, the company admitted that it ...read more
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