News article

Sales fall at DSG

Sales fall at DSG
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DSG International has seen its sales decline in the 16 weeks to August 22nd.

The firm - which operates the Currys and PC World retailers in the UK - said that group sales at stores that have been open for at least a year dropped six per cent, news that may interest those trading shares in the company on the stock market.

Like-for-like growth in the computer market in the UK was down 15 per cent, DSG said, while its electronics sales in the UK and Ireland fell 14 per cent.

However, group chief executive John Browett said that the results were "encouraging" especially for its stores in the Nordic countries.

"Our Nordic business is performing strongly, the UK transformation continues on plan with the refurbished stores continuing to outperform and the Italian turnaround is starting to deliver," he stated, but added that the firm still has a "cautious" outlook for the economy.

DSG shares climbed following the announcement, rising 6.85 per cent to 28.84p at 08:26 BST.ADNFCR-1681-ID-19341838-ADNFCR