DSG reports 7% sales dip

DSG International, the owner of Currys and PC World, has seen a 7% decline in sales over the first quarter of its financial year. The retailer says it is planning to revamp stores but is not expecting a recovery before 2010.

It says that sales of computer equipment in the UK fell by 12% over the period and sales of electrical goods are down by 7%. There was better news from its online arm, including Dixons.co.uk and PIXmania.co.uk, with like-for-like sales growing by 6%.

John Browett, DSG chief executive, says that he is “very cautious” about the outlook in the tough retail climate. He says: “The economic backdrop in which the group operates remains difficult across Europe, and we are managing costs and stock levels accordingly.”

He adds that he is keen to push on with the group’s three-year plan, which includes refurbishing stores with a focus on customer services. It is planning to convert 25 PC World stores to a new look and 10 Currys stores before the Christmas period.

The group has also announced that it is looking for a new chairman after Sir John Collins announced he is stepping down next year after six years in the role.

Latest from Marketing Week


Access Marketing Week’s wealth of insight, analysis and inspiration that will help you develop as a marketer and leader.

Register and receive the best content from the only title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work, so we can make Marketing Week more relevant to you.

Register now


Our award winning editorial team and columnists will ask the biggest questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.


From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we will be your guide.


Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Dedicated to developing your skills and helping you achieve marketing excellence. Find guidance on leadership, professional development and the latest industry jobs.

Having problems?

Contact us on +44 (0)20 7292 3711 or email subscriptions@marketingweek.com

If you are looking for our Jobs site, please click here