DSG's megastores plan pays off with sales rise
Friday 14 May 2010
The owner of Currys and PC World said its transformation plans were on track after it reported a 6 per cent rise in sales for the 28 weeks to 1 May. DSG International said it was particularly encouraged by trading in UK electricals, the Nordic countries and Spain and Italy.
It has launched new format stores such as Currys Megastores and combined Currys and PC World 2-in-1 shops as it attempts to attract customers with wider ranges and improved standards of service.
Like-for-like sales in the UK and Ireland electricals business rose 6 per cent in the 28 weeks to 1 May. This was down on the 8 per cent improvement seen over Christmas, but analysts said this was still a decent performance given the impact of snow and the weak electricals market. The PC World computing business posted a sales drop of 5 per cent, below the fall of 3 per cent seen in January.
DSG is facing up to increased competition following the arrival of the US electronics firm Best Buy. Its shares rose 6 per cent to 30p after the update yesterday.
- 1 Planes go hybrid-electric in important step to greener flight
- 2 Antonio Martin shooting: Police and protesters clash over teenager's death just five miles from Ferguson, Missouri
- 4 Hip hop is both racial and political, and for Iggy Azalea to suggest otherwise is insulting
- 5 Man hospitalised with pneumonia after downing eggnog at office Christmas party
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Rozanne Duncan: Ukip expels councillor for 'jaw-dropping' comments made in BBC TV interview
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
BBC director Danny Cohen: Rising UK antisemitism makes me feel more uncomfortable than ever
Alex Salmond has 'broken his word to the Scottish people' says Scottish Lib Dem leader
iJobs Money & Business
Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...
£43500 per annum + pension + holidays: The Jenrick Group: Night Shift Operatio...
£20000 - £25000 per annum + OTE £40,000 + Car + Pension: SThree: SThree are a ...
£20000 - £25000 per annum + OTE £35K: SThree: We consistently strive to be the...