Currys and PC World owner in £30m lossDSG International posts £30m loss

27 November 2008

home Currys exterior

The owner of electrical retailers Currys, Dixons and PC World has dived into the red by almost £30m.

the country's largest electrical retail chain, has posted underlying losses worth £29.8m in the 24 weeks to 18 October. The firm made a profit of £52.4m the previous year. 

The news rounds off a dire week for some of the country's most well known high street retailers after the collapse of Woolworths and MFI .

Currys and PC World face tough trading

Currys, the country's best known retailer for white, and like washing machines, fridge freezers and , saw like-for-like sales fall 7% despite  price cuts to compete with the internet and clear older stock. retailer PC World's sales fell even further, by 11%.

The retailers were poor performers in the last .

DSG International said the outlook for Christmas and 2009 trading was uncertain.

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