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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