DSG results hit by sunshine
Dixons blames sunny April for poor sales
Dixons Store Group (DSG) said sales were hit by the unseasonally sunny weather in April and problems in France and Italy.
For the year ended 28 April 2007, Dixons Store Group saw total sales grow 14 per cent or four per cent like for like.
John Clare, group chief executive of DSG, said he was pleased with progress during a year of change for the company.
DSG will take a charge of between £180m and £200m to get rid of its businesses in France and Italy and to dispose of its UK mobile business Genesis Communications.
Other international business did well - sales in Ireland grew eight per cent, Nordic business by nine per cent, and Greek sales by seven per cent. Warm weather in April hit sales in the UK and Nordic regions.
Currys saw sales grow four per cent and margins improve by 0.6 per cent year on year thanks to benefits of a new group buying strategy. Airport sales were down eight per cent on last year thanks to new security measures.
In the UK, PC World grew sales by four per cent on last year. Laptop sales grew by 58 per cent in terms of numbers and 31 per cent in terms of revenue, but this growth had a negative impact on margins.
Online sales grew strongly - from three per cent last year to 10 per cent of total turnover.
More on the DSG website here. ®
COMMENTS
Interesting to see KESA CEO departing watch out John clare
Are we finally going to see the return of decent earnings from DSG, with the KESA boss going maybe John Clare should be checking out Polaris World. Time for the out of touch politburo to go.
It would also be useful to know what proportion of the amazing website numbers were due to buying pixmania and double counting collect at store sales as ecommerce revenues, I bet they won't provide segmented channel revenues at the AGM, but I'm sure they'll be an multi-channel FRS along sometime soon.
Sunshine isn't the problem, its consistently bad service
Haven't shopped at any DSG outlet in years, tried the new Dixons web site twice recently and the service stinks. Amazon wipes the floor with them. Days to process an order, cancelled deliveries, items dumped on the floor when they should be de-boxed and installed.
Deep Shit Group
Given the absolutely appalling reputation of Dixons (hopelessly rebranded Currys Digital) and the even worse PC World, it's hardly surprising. I think the weather is the last of their problems...
Leave it to the Poms to complain about too much sunshine
Next they'll be complaining about not enough rain
Blame
Nice to see that "the boogie" isn't to blame for a change.
