News

The gross payouts will be £2.25bn less in 2014 than in 2013

Electronics sales down in warmer weather

Sales of consumer electronics fell on a quarterly basis for the first time in nearly five years yesterday, hammering home the dire state of big-ticket retail purchases.

DSG chief vows to turn around fortunes after loss of £193m

The electricals group DSGi reported an annual loss yesterday after a large-scale restructuring at its struggling Italian unit. But its chief executive, John Browett, vowed to turn around its ailing UniEuro chain in Italy and flagging PC World chain in the UK.

DSG unveils 30pc profits plunge

Currys and PC World owner DSG International unveiled a 30 per cent plunge in profits today and warned it remained "very cautious" about consumer confidence.

The Week Ahead: DSG profits to dive after series of warnings

PC World and Currys owner DSG International is due to publish preliminary results on Thursday and, following a series of profits warnings, the figures are unlikely to inspire investors. The group has already guided that full-year underlying pre-tax profits will come in between £200m and £210m, below the £295.1m reported in 2007. Citigroup's prediction is a neat £200m, while UBS is in the middle of the range with £205m.

DSG to close 77 Currys outlets and slash dividend

John Browett, the new chief executive of DSG International, is to slash the company's dividend, close underperforming stores and try to improve customer service as he attempts to transform the fortunes of the Currys and PC World-owner.

Currys.digital to close shops over next five years

Currys and PC World owner DSG International today said it would shrink the size of its Currys.digital estate in a bid to revive the business.

Is now a good time to invest in retail?

As shops struggle, Sonia Speedy finds out whether there are any stock bargains to be had

Slump on the high street

The retail sector employs more than 10% of the UK's workforce. DSG's latest profit warning yesterday highlights the strain it is under. By Sarah Arnott

Ikea feels the pinch of slowing market

Ikea is the latest big-ticket retailer to complain of falling sales as the slowing housing market takes its toll on consumer spending.

Cyberclinic: Why do inkjet print cartridges cost so much?

Have you ever worked out the cost of running your inkjet printer? It seems that the excitement of picking up printing technology on the cheap (PC World's current bargain comes in at under £25) blinds us to the brow-furrowing cost of ink cartridges.

A place to browse and mingle as much as actually to buy something

Fnac, as any French shopper will tell you, is more than just a shop. Founded in 1954 as a consumer-friendly photography store, it has grown into an upmarket cultural supermarket offering everything you would find in Waterstone's, HMV, Jessops and PC World – under one roof.

DSG trials new format store in Scandinavian retail parks

DSG International, the owner of PC World and Currys, is trialling a new format store in Scandinavia hoping to tap into the popularity of shopping centres, which are expanding all over the region.

Consumers put £32.2bn on plastic but spending slows

Consumers spent a record £32.2bn on credit and debit cards during December – but the rate at which spending is rising continues to slow.

DSG is first to ditch analogue televisions

The analogue television set has edged closer to extinction after DSG International, owner of the Currys, PC World and Dixons chains, said it would no longer sell the product as demand for digital televisions continues to gather pace.

Mark Steel: How did the share dealers get to be so important?

They obviously haven't got a clue. The people in charge of the economy look like those poor lads who work in Dixons or PC World in bright red shirts, who try to appear knowledgeable but have no idea what's going on. So you ask what's the difference between this machine and the other one, and they freeze with panic, then say, "Well, basically, this one offers the option of facilities and options," and you know they're thinking, "Is this a lap-top or a kettle?"

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Day In a Page

Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
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Air strikes? Talk of God? Obama is following the jihadists’ script

Air strikes? Talk of God? Obama is following the jihadists’ script

The President came the nearest he has come yet to rivalling George W Bush’s gormless reaction to 9/11 , says Robert Fisk
Ebola outbreak: Billy Graham’s son declares righteous war on the virus

Billy Graham’s son declares righteous war on Ebola

A Christian charity’s efforts to save missionaries trapped in Africa by the crisis have been justifiably praised. But doubts remain about its evangelical motives
Jeremy Clarkson 'does not see a problem' with his racist language on Top Gear, says BBC

Not even Jeremy Clarkson is bigger than the BBC, says TV boss

Corporation’s head of television confirms ‘Top Gear’ host was warned about racist language
Nick Clegg the movie: Channel 4 to air Coalition drama showing Lib Dem leader's rise

Nick Clegg the movie

Channel 4 to air Coalition drama showing Lib Dem leader's rise
Philip Larkin: Misogynist, racist, miserable? Or caring, playful man who lived for others?

Philip Larkin: What will survive of him?

Larkin's reputation has taken a knocking. But a new book by James Booth argues that the poet was affectionate, witty, entertaining and kind, as hitherto unseen letters, sketches and 'selfies' reveal
Madame Tussauds has shown off its Beyoncé waxwork in Regent's Park - but why is the tourist attraction still pulling in the crowds?

Waxing lyrical

Madame Tussauds has shown off its Beyoncé waxwork in Regent's Park - but why is the tourist attraction still pulling in the crowds?
Texas forensic astronomer finally pinpoints the exact birth of impressionism

Revealed (to the minute)

The precise time when impressionism was born
From slow-roasted to sugar-cured: how to make the most of the British tomato season

Make the most of British tomatoes

The British crop is at its tastiest and most abundant. Sudi Pigott shares her favourite recipes
10 best men's skincare products

Face it: 10 best men's skincare products

Oscar Quine cleanses, tones and moisturises to find skin-savers blokes will be proud to display on the bathroom shelf
Malky Mackay allegations: Malky Mackay, Iain Moody and another grim day for English football

Mackay, Moody and another grim day for English football

The latest shocking claims do nothing to dispel the image that some in the game on these shores exist in a time warp, laments Sam Wallace
La Liga analysis: Will Barcelona's hopes go out of the window?

Will Barcelona's hopes go out of the window?

Pete Jenson starts his preview of the Spanish season, which begins on Saturday, by explaining how Fifa’s transfer ban will affect the Catalans
Middle East crisis: We know all too much about the cruelty of Isis – but all too little about who they are

We know all too much about the cruelty of Isis – but all too little about who they are

Now Obama has seen the next US reporter to be threatened with beheading, will he blink, asks Robert Fisk
Neanderthals lived alongside humans for centuries, latest study shows

Final resting place of our Neanderthal neighbours revealed

Bones dated to 40,000 years ago show species may have died out in Belgium species co-existed
Scottish independence: The new Scots who hold fate of the UK in their hands

The new Scots who hold fate of the UK in their hands

Scotland’s immigrants are as passionate about the future of their adopted nation as anyone else
Britain's ugliest buildings: Which monstrosities should be nominated for the Dead Prize?

Blight club: Britain's ugliest buildings

Following the architect Cameron Sinclair's introduction of the Dead Prize, an award for ugly buildings, John Rentoul reflects on some of the biggest blots on the UK landscape