| CATEGORY: NEWS AND ANNOUNCEMENTS SECTOR: GENERAL RETAILERS |
DSG sees improving trends |
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Thu 26 Nov 2009
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LONDON (SHARECAST) - Currys and PC World owner DSG International reported a drop in first half like for like sales but said it has seen improving trends in a number of its businesses, particularly in recent weeks.
Like for like sales were down 4% in the 24 weeks ended 17 October, but were up 1% in the last 8 weeks of the half year. The group said it has seen improving trends in UK & Ireland Electricals, Italy and on-line.
Underlying pre-tax losses narrowed slightly to £17.6m compared with £17.7m in the same period last year.
PC World has experienced a positive like for like sales performance since the launch of Windows 7.
‘The group is strongly placed to take advantage of any improved consumer sentiment over the Peak period with great deals for customers in store and on-line,’ said the group.
‘The economic backdrop for 2010 remains uncertain. However, the group is well prepared with a focus on managing costs, margins, stock turn and cash flow alongside the continued rapid progress of the Renewal and Transformation plan.’
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