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Improved sales for DSGi

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DSG International’s (DSGi) group sales and like-for-like (LFL) sales both increased by three per cent in positive first quarter results published today.

Online sales saw the biggest rise for the group, which includes Curry’s, PC World and Dixons Travel, growing by 12 per cent during the 12 weeks up until July 24th.

Though sales did not grow as strongly as the same period last year when total sales rose 15 per cent and LFL sales were up 14 per cent, the group remains satisfied with current performance.

John Browett, DSGi Group CEO, commented: “This is an encouraging start to the year, especially given the challenging market conditions.

“Our UK businesses performed particularly well, most notably with customers responding to our strong World Cup promotion and the excellent product ranges on offer.”

During Q1 43 of the planned 200 group stores were refitted, including eight megastores, and the partnership with Phones 4U is on track for 50 mobile outlets in-store by Christmas.

Stores in the UK & Ireland performed strongest across the group with LFL sales growing by six per cent compared to a rise of one per cent internationally and no rise in its Nordic businesses.

Browett added: “The store transformation programme is making rapid progress and continues to improve the shopping trip for customers. Our international businesses have also performed well against competitors in varied market conditions.

“We remain cautious about the economic outlook but we will continue to deliver on our Renewal and Transformation plan to make the business better, easier and cheaper to run and deliver an unbeatable combination of value, choice and service for customers.”

DSGi is due to change its name to Dixons Retail plc soon having been previously known as Dixons before 2005.

Published on Thursday 02 September by Editorial Assistant

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