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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