DSG optimism grows after stronger sales

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The Independent Online

DSG International, the electrical retailer that owns Currys and PC World, claimed an "encouraging" start to the year as its sales fell less than feared and it said that its outlook appeared "less negative".

Like-for-like sales at the group fell just 6 per cent in the 16 weeks to 22 August, following a strong performance from its Nordic business. It also announced the sale of its troublesome Polish business. John Browett, DSG's chief executive, said: "Given the challenging environment, this is an encouraging start to the [financial] year."

Sales in the Nordics rose 9 per cent on the previous year, although UK and Ireland Electricals fell 14 per cent and PC World was down 15 per cent.

"The UK transformation continues on plan with the refurbished stores continuing to outperform," Mr Browett said. "The outlook now looks less negative than it did in the spring."