Category: Dixons Retail

Currys and PC World group DSG, formerly Dixons, yesterday abandoned a plan to buy a Russian electricals retailer after a review of other companies in the country. DSG’s chief executive John Clare had an option to take control of Eldorado, Russia’s biggest electricals retailer – but had to put up …

Electrical retailer DSG admitted this morning that it had suffered a disappointing year, after overseas problems dented its profits. The company, which runs Currys and PC World, has also abandoned plans to buy Eldorado, Russia’s largest electrical retail chain. Instead, it will return cash to sha…

John Clare is to step down as chief executive of the Dixons to Currys electrical goods retailer DSG International in September. Mr Clare, 56, is one of the longest-serving chief executives in the retail sector, and the fourth-longest serving head of a FTSE 100 company. He has been with Britain’s …

Electricals group DSG is writing off up to £200m to cover the cost of its loss-making operations in Italy and France, and the sale of its UK business mobile company.

Electrical retailer DSG International today revealed it has been hit by a “significant” fraud at its Fotovista warehouse in Paris.

High street retailer Currys today flicked the off-switch for inefficient lighting by announcing that it would no longer sell high-energy incandescent bulbs. The announcement, which comes a day after the chancellor, Gordon Brown, pledged to remove the bulbs from UK homes by 2011, will see them dis…

· Update wipes £420m off value of group · Restructuring pushes six-month profits down 25% DSG, formerly known as Dixons, surprised investors yesterday with worse than expected Christmas trading in Italy and France, poor sales at its core Currys chain and declining profit margins.

The world’s third largest consumer durables retailer, DSG International Plc, which runs 1,450 electronics and durables stores in 27 countries under the Dixons brand, is close to signing an agreement with Kishore Biyani’s The Future Group to support its chain of stores under the Electronics bazaar…

Curry’s owner DSG International is feeling the pain from an expensive trip abroad. Shares in the retailer fell sharply after it admitted its Italian division UNiEuro would slip into the red in the first half, taking the shine off a strong performance in the UK.

The Times has reported this morning that Dixon’s Stores Group chief executive, John Clare, has had a boost of just over £1 milllion to his pension pot. According to the report this gives Mr Clare a total of £6.89 million in his pension fund.