DSG to close 77 stores
DSG International, owner of Currys electrical stores and PC World, said on Thursday that it would be closing down 77 of its stores in a plan to renew and transform the group.
Amazon says will begin int'l roll-out of its MP3 storeThe group said it would be closing 77 out 177 of its Currys.digital stores as part of a bid to save £50 million in 2008/09.
DSG also said that it's like for like sales had risen one per cent in the year to 3 May 2008.
John Browett, chief executive, said, "DSGi has many inherent strengths as a leading specialist electrical retailer, including market leading positions and strong supplier relationships. However it has not kept pace with its core customer needs, particularly in the UK.
"We will focus the business on delivering an unbeatable combination of value, choice and service for our customers. This includes helping our customers with complete solutions such as connectivity, delivery, installation, repair and converging technology. We have developed radical and detailed plans that will transform the very DNA of our business over the next three years."
The downturn in the economy and a drop in consumer spending has already led DSG to issue two profit warnings so far this year.
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