DIXONS is experiencing high street misery, according to CEO John Clare.
“Most people are now feeling fairly gloomy about market prospects. Do we share in that? Yes we do. It’s difficult to see how and when it’s going to get better,” he said. The company’s stores could also disappear from the high street, he warned.
Trading for biggest electrical retailer is “very challenging” with sales falling 2 per cent in the 24 weeks to the end of April. (ERT Weekly)
The BBC reports that DSG International, owner of Currys and PC World, has said it hopes to roll out up to 50 revamped superstores in the UK as part of a turnaround plan. The stores will be based on its Currys Megastore in Birmingham, which was reformatted as a combined Currys and PC World store i…
Reuters reports that Dixons said on Thursday it would like to sell its loss-making Pixmania online business and if that proved to be not possible closure of the operation was to be considered.
Reuters reports Dixons Retail has said it outperformed high street rivals Argos and Comet over Christmas without the need to drop its prices.