Category: Dixons Retail

The Mail has reported that Comet electricals owner Kesa are expected to face shareholder rebellions over the generosity of proposed pay schemes at annual meetings this week. The criticisms follow a rise of complaints over pay awards, with fashion chain Next and DSG International, owner of the Cur…

The electrical retailers are under the spotlight of analysts at Nomura as DSGi (Dixons Stores Group) and Kesa Electricals (Comet) gear up for new competition when US electrical retailer Best Buy starts trading in Britain next year, DSGi is tipped to come off better. Anlayst Christopher Walker at …

Dixons Strores Group International (DSGi), the owner of Currys and PC World, have made an annual loss of £140.4m after closing parts of its business and writing down the value of some of its firms. DSGi saw like-for-like sales slump in the year to 2 May as customers cut back on electrical g…

DSG international, the UK’s biggest consumer electronics retailer, today confirmed it is selling Electro World Hungary for one euro. The new owner is called EW Electro Retail (EWH) will gain all nine stores, operations and employees. John Browett, DSGi chief exec said, “We have concluded that bes…

It has been widely reported that Dixons Stores Group International (DSGi) the owner of Currys, Dixons and PC World is tasking for further cash investment from investors. DSGi has seen its net borrowings more than triple in around five months, partly because a tightening in trade credit insurance …

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…

John Browett, the chief executive of DSG International, Britain’s biggest electrical goods retailer, has admitted to staff that it will take four years before the group recovers to pre-recession levels of trading. The bleak assessment and news of management consultant Accenture’s involvement with…

DSG International, the owner of Currys and PC World, has put its loss-making central and eastern European operations up for sale, it has been reported. The electricals goods retailer has decided to offload its Electroworld chain as part of a wider restructuring by new chief executive John Browett.

DSG International (Currys, PC World and Dixons) have reported a sales plunge of 7% on a like-for-like basis today and confirming it will not be making a profit in the first half of the year. DSG chief executive John Browett said that, “˜Consumer confidence has significantly deteriorated par…

There was more misery for troubled DSG International (Dixons/PC World/Currys/Pixmania) which lost 11p at 53p after broker Pali International forecast the shares will sink to 33p. A trading update early next month is unlikely to provide much inspiration for the stock. Brokers JPMorgan downgraded t…