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Articles about Dsgi

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DSGi sells Hungarian biz for €1

DSG international, the UK’s biggest consumer electronics retailer, today confirmed it is selling Electro World Hungary for one euro. The soon-to-be owner is called EW Electro Retail (EWH) – could it be a management buyout? – will gain all nine stores, operations and employees. Quote time from John Browett, DSGi chief exec: "We …
Team Register, 19 May 2009
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DSGi crosses fingers on new store format

Struggling retailer DSG International (DSGi) is hoping the overhaul of its computer and electrical barns will help turn its fortunes around after it was hit with an unfavourable tax ruling by HMRC. The company said today that its new store formats for Currys and PC World in the UK pulled in gross profits between 15 per cent and …
Kelly Fiveash, 03 Mar 2009
globalisation

DSGi announces new chairman in eye of retail storm

Fraught UK electrical retailer DSG International (DSGi) has appointed John Allan as the company’s new chairman. He will succeed John Collins who announced he was hanging up his DSGi boots last June. Allan will be handed the keys to the chairman’s door when Collins retires on 2 September. Allan is the former boss of logistics …
Kelly Fiveash, 19 Jan 2009
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DSGi denies Electro World 'up for sale' rumours

Electrical retail giant DSGi has denied a report that suggests the firm has put its unprofitable European store chain Electro World up for sale. According to the Sunday Times, DSGi, which owns PC World and Currys in the UK and has a number of well-known electrical store brands throughout Europe, is in the process of selling off …
Kelly Fiveash, 10 Nov 2008
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DSGi trims losses amidst plunging economy

DSGi management claimed to have steadied the ship as it unveiled full year figures that showed a reduced pre-tax loss on almost static sales this morning. The electronics giant, which owns the PC World chain, has had a torrid year which has seen it offload unwanted businesses across Europe, undertake a massive overhaul of its …
Joe Fay, 25 Jun 2009
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DSGi sharpens axe for 50 staff

Struggling electrical retail giant DSGi has told around 50 employees working at its business unit that they could lose their jobs. The company informed staff based at three sites in Borehamwood, Bury and Surbiton that the axe is hovering over workers at the reseller due to "challenging market conditions". "DSGi Business is …
Kelly Fiveash, 28 Aug 2008
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DSGi pays off HMRC in transfer pricing dispute

Dixons Store Group International, Europe’s second biggest electronics retailer, has paid HMRC £52.7m to settle a lengthy dispute with Britains tax collector over transfer pricing. The settlement was lower than many had expected. According to one source cited by the UK trade paper Accountancy Age, "HMRC was seeking as much as …
Drew Cullen, 04 Jun 2009
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DSGi plans £310m rights issue

DSGi is looking to raise £310m through a rights issue to underwrite its continuing overhaul and offset a drying up of credit insurance. The placing was revealed as the firm, which owns PC World, confirmed a slide in revenues and forecast a loss for the year ending May 2 once charges for businesses it is closing are included. …
Team Register, 30 Apr 2009
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DSGi heads north to Finland

DSG international (DSGi) - the high street electricals outfit behind the likes of Dixons, Currys and PC World - is continuing to splash cash on its ambitious European expansion plans. The firm has blown €49m (£33m) on Markantalo, an electrical retailer with 26 stores in Finland. Bolted on to DSGi's existing Finnish operations …
Tim Richardson, 09 Jan 2006
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PC World, Currys staff to be dumped in DSGi rescue plan?

Hundreds of PC World and Currys staff could see the job axe swing on Thursday (15 May) when the stores’ owner DSG International (DSGi) announces its latest trading statement and strategy review. DSGi is understood to be closing 200 of its 700 stores as well as considering switching its outlets to a new superstore format, …
Kelly Fiveash, 12 May 2008
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DSGi profit plummets 30%

DSG International (DSGi) saw annual profit tumble 30 per cent today, after the struggling electrical retailer was forced to cut prices to shift stock amidst a tightening of consumer spending. The firm, whose stores include Currys and PC World in the UK, Elkjop in Nordic countries and UniEuro in Italy, reported pre-tax profit and …
Kelly Fiveash, 26 Jun 2008
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Mastercare to be folded into DSGi

Mastercare - the outfit that provides after sales service for customers of high street electrical retailers Dixons and Currys - is to be folded into its parent company DSGi. DSGi, or Dixons as it used to be known, adopted Mastercare in 1984 when it bought Currys, the then owner of Mastercare. The firm has always been a …
Tim Richardson, 05 Apr 2006

UK retail wiz makes $61m by turning up at Apple

The former boss of UK retail chain Dixons found himself - almost - $61m richer on Friday as he sat down at his new desk at Apple. Filings at the SEC show that John Browett took up his new role as senior vp for retail at Apple last Friday. The filings were flagged up by MacRumours amongst others, and can be viewed at the SEC …
Joe Fay, 25 Apr 2012
globalisation

DSGi to flog The Link to O2

DSG International - Dixons to you and me - has confirmed that it is to flog its majority stake in The Link to joint venture partner O2 for around £30m. Publishing its prelims for the year to April DSGi revealed that sales in its ailing Link Communications Group were down 21 per cent at £419m. The failure to turn the business …
Tim Richardson, 21 Jun 2006
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Dixons celebrates shiny Christmas

DSGi - the group behind PC World and Currys - has updated the City on trading over the crucial Christmas period. For the 12 weeks ended 9 January group sales were up eight per cent with only UK computing sales showing a slight fall - down three per cent in like-for-like terms. The retailer said that Windows 7 provided a bit of a …
John Oates, 14 Jan 2010
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Dixons renames itself Dixons

DSGi shares are up slightly this morning after the retail group posted results for the year at the top end of expectations. In the year ended 31 May 2010 DSGi, owner of PC World and Currys, made sales of £8,531.6m, up four per cent on last year or two per cent like-for-like. Pre-tax profit was up 61 per cent to £90.5m. In the …
John Oates, 24 Jun 2010
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Computers Unlimited director exits after dispute

Computers Unlimited group sales and marketing director Mark Chatterton has left following a disagreement over future direction with senior management. Industry vet Chatterton spent around eight months at the Apple distributor, which he joined after stints at wholesalers Office2Office and Northamber. Prior to this he spent around …
Paul Kunert, 06 Sep 2011

Dixons stores offer own-brand HSDPA mini-laptop

DSGi, the retailer formerly known as Dixons, has extended is netbook line-up with a new model the integrates HSDPA connectivity. The Advent 4213 is based on Intel's 1.6GHz Atom N270 processor, packs in 1GB of memory and a 160GB hard drive. It has a 10.2in widescreen display, presumably with a 1024 x 600 resolution, though DSGi …
Tony Smith, 15 Sep 2008
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Dixons to flog off old 'brands' Miranda and Saisho

Struggling retailer Dixons Store Group has appointed an IP firm to flog off two of its now-defunct brands. Metis Partners is looking for offers for Saisho and Miranda. Saisho is offered with "goodwill in the brand and reputation", we're told. It also holds 16 international trademarks. Metis reckons Saisho has made £27m in …
John Oates, 18 May 2011
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PC World cuts off Capita call centre contract

PC World owner DSGi has decided not to renew its call centre outsourcing contract with Capita and will instead bring 1,300 staff back in house. Call centres in Sheffield and Nottingham will return to the DSGi fold on September 2. The original contract, signed in 2004, is due to finish during April. The pair have signed a six …
The Register breaking news

Best Buy UK to flog electric cars, scooters and bikes

Best Buy is majoring on "Green Tech" in its first UK superstore. The Lakeside, Thurrock store opens on 30 April and will sell electric bicycles such as the GoCycle, Ultramotor, Metro and Moore & Large's iZip brands with prices starting at £399. Best Buy will also stock the Enertia electric motorbike from August and it will house …
Hard Reg, 23 Apr 2010
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Dixons websites take a little lie down

DSGi is cut off from the digital world today, with its two main websites falling off the net. Dixons.co.uk is down at the time of writing, along with PCworld.co.uk. A spokesman for DSGi told us: "We had some routine maintenance last night which has caused problems - it looks like a few more hours work to get it fixed." Missing …
John Oates, 12 Jan 2009
globalisation

Dixons cuts off Norse to right base

Dixons shares jumped nearly 12 per cent today on news that it has started cutting its Nordic stores and is considering a rights issue to speed the rest of the restructure. Dixons Store Group International confirmed that it is going ahead with plans to close stores in Sweden and Finland and rebrand its remaining outlets. But the …
John Oates, 06 Apr 2009
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Windows 7 saves Dixons

Dixons Store Group International credited the launch of Windows 7 with reducing its losses for the first half of the year - ahead of the all-important Christmas sales beano. DSGi said sales in the six months ended 17 October 2009 were down one per cent to £3.3bn and like-for-like sales were down four per cent overall, but up one …
John Oates, 26 Nov 2009
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HP offers gov half-price printers

HP and OGCbuying.solutions, the government's procurement body, have done a deal for half-price printers. The list of approved printers are low energy and Defra certified - 'Quick Wins' - meeting minimum environmental standards. The deal is available through HP resellers including Centerprise, Computacenter, DSGi and Fujitsu …
John Oates, 18 Aug 2008
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Best Buy trumpets UK store openings

Best Buy opens its first UK outlet, a superstore with with a 50,000 sqft shop floor, in Lakeside, Thurrock, in May. Best buy logo Best Buy, America's biggest consumer electronics chain, has also pencilled "big box" store openings in June for Southamption and Merry Hill, West Midlands, and later this year for Aintree, near …
Team Register, 29 Mar 2010
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Dixons warns on crap Christmas

Dixons warned markets this morning that Christmas trading had been worse than expected with like-for-like sales down 2 per cent and margins down 0.2 per cent. The world's favourite IT retailer said it now expects profit before tax to be at the lower end of predictions – between £100m and £110m. Dixons shares fell almost 10 per …
John Oates, 13 Jan 2011
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Dixons sales ain't all that

DSGi shares fell very slightly this morning after the company said trading had held steady in the three months ended 24 July. The retailer grew sales by three per cent thanks to strong sales of big tellies in the run up to the football World Cup and an exclusive deal on early iPad sales. It said market share grew in the UK and …
John Oates, 02 Sep 2010
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Dixons blames PC World for falling sales

Dixons Store Group saw sales fall six per cent in the last quarter, despite good progress in sexing up its stores. DSG international, owner of PC World and Currys, did worse on its home turf - UK computing sales fell 17 per cent, in sterling, in the sixteen weeks ended 22 August 2009. The firm said reformatting of stores and a …
John Oates, 02 Sep 2009
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Has Spare Backup had a Carphone Warehouse boost?

Cloud backup service provider Spare Backup has just got a big business boost from a UK partner, thought to be Carphone Warehouse. Spare Backup has an June 24, 2009 SEC filing that says is has agreed" "... a vastly expanded scope of work to be added as an addendum to their (November 8, 2008 Master Services Agreement) (and) will …
Chris Mellor, 10 Jul 2009
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Grim news at Dixons

Dixons Store Group International (DSGi) updated the markets today on a miserable six months of trading. Like-for-like sales fell 7 per cent for the 24 weeks ended 18 October 2008 and gross margins were down 0.7 per cent. The company said: "Consumer confidence has significantly deteriorated across Europe, particularly in more …
John Oates, 23 Oct 2008
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Ingram ups small biz credit

Ingram Micro's Europe arm is offering more credit to its small business customers - even offering to move pre-payment customers onto credit accounts. The distie said the economic crisis was making it difficult for small business to get credit from banks or from disties. Therefore Ingram is moving "a significant proportion" of …
John Oates, 10 Mar 2009
The Register breaking news

Immigration authorities swoop on Currys depot

Immigration authorities this week arrested ten Currys staff at a depot in Newark near Nottingham because they were not legally entitled to work in the UK. The electronics retailer reported the workers, mostly from Zimbabwe, to authorities following concerns about their identity documents. The UK Border Agency moved in on …
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Sales slide at PC World, Currys

DSG International (DSGi) shares fell nine per cent this morning following the retail giant’s second profit warning in under four months. The firm’s CEO John Browett issued a statement today in which he admitted that customer demand in the UK and Ireland has been “lower than expected, with a negative impact on margins”. He told …
Kelly Fiveash, 10 Apr 2008
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Another miserable quarter for Dixons

Dixons Store Group International saw sales fall ten per cent in the 12 weeks ended 10 January because customers delayed buying TVs and computers until after Christmas, once the sales had begun. Like for like sales were down 10 per cent overall - southern Europe performed worse with falls of 14 per cent - UK computing sales were …
John Oates, 15 Jan 2009
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John Clare surprised at DSG raids

The former boss of Dixons Store Group International (DSGI) says he was surprised at the European Commission raids on retailers earlier this week. The EC raided a DSGI call centre in Hemel Hempstead, as well as the offices of German and French retailers on Monday as part of an investigation into alleged anti-competitive behaviour …
John Oates, 14 Feb 2008
Dell

Dell parks itself in PC superstores across Europe

DSGi has inked a fat pan-European deal with Dell to punt the firm's notebooks and desktops in stores across 12 countries including the UK. Under the agreement UK customers will be able to buy Dell goods in Dixons, Currys, PC World and online from January next year. Elsewhere in Europe the products will be sold through DSGi …
Kelly Fiveash, 13 Dec 2007
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Dixons Group still suffering

Dixons Store Group International shares fell another five per cent this morning after the company reported poor results for the three months ended 23 August 2008. DSGI shares were trading at 50.5p, down from a year high of 160p. The interim report revealed like-for-like sales were down seven per cent and gross margins down 0.75 …
John Oates, 03 Sep 2008
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Dixons plunges to loss

Dixons Store Group International posted a £30m loss for the last six months of trading. The firm, which operates as PC World and Currys, said interim results for the 24 weeks ended 18 October showed sales fell seven per cent to £3.5bn and it made a pre-tax loss of £29.8m. Total loss after tax was £41m. UK Computing sales fell …
John Oates, 27 Nov 2008
globalisation

Recession prompts job cuts at PC World call centres

Capita will cut up to 42 jobs at call centres it runs for PC World owner DSGi in Sheffield and Nottingham because of falling call numbers. The outsourcing giant informed staff of the redundancy programme, which will hit mainly team leaders, on Monday. Those affected today enter a 30 day statutory consultation period. Some may be …
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Revolting postmen force early Windows 7 launch

Windows 7 orders are arriving in some UK customers’ letterboxes three days ahead of the operating system’s official launch. Currys and PC World have shipped some editions of the software early in a move to try and offset the pain customers face from Royal Mail's planned 48-hour strike on Thursday 22 October, which happens to …
Kelly Fiveash, 19 Oct 2009
globalisation

PC World punts Windows 7 £100 trade-in promotion

DSGi is betting big on Windows 7 sales with a special promotion clearly designed to convince more customers to visit the firm’s not exactly bustling PC World stores. From tomorrow PC World will be offering up to £100 off to anyone who trades in an old, working laptop for a Windows 7 machine. The High Street retailer’s computing …
Kelly Fiveash, 21 Oct 2009
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UK etailer calls self 'the last place you want to go'

Dixons, the UK electronics etailer, has a new tagline. "Dixons," its homepage reads, "the last place you want to go." See for yourself: Dixons - the last place you want to go to Countless Reg readers are questioning whether the site has been hacked - or defaced by a disgruntled employee. But the company insists the change is …
Cade Metz, 22 Dec 2009
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PC World gets almost-exclusive iPad deal

If you want to buy an iPad on Friday, and you aren't near an Apple store, you'd best get down to PC World or Currys. Dixons Store Group International has got a 60-day exclusive to sell the giant phoneless iPhone in 139 stores. Pre-orders are only available through Apple's own shops. The magic pad will also be on sale in Best …
John Oates, 25 May 2010
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Dell does a Chrimbo deal with John Lewis

Dell has inked a deal with high street retailer John Lewis to exclusively punt its range of ultra-thin Adamo XPS laptops. Financial details of the agreement were kept secret. Dell made a big song-and-dance about how John Lewis would be selling the Adamo XPS laptop to customers in time to slot it into their loved ones' Christmas …
Kelly Fiveash, 10 Dec 2009
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Apple's iPad resellers are revolting

Apple's Premium Resellers are getting iPads to sell on Friday - provided their shops pass Apple's stringent standards. But retailers are irritated at Apple's insistence that they do not take pre-orders or publicise the launch on their websites or in store until Friday morning. They were even more annoyed at DSGi's claim that it …
John Oates, 26 May 2010

PC World parent awaits FTSE 100 relegation

Retail mammoth DSG International (DSGi) looks set to spectacularly tumble out of the FTSE 100 today losing its status as one of the biggest PLCs in the UK. The firm, which owns Dixons, Currys, and PC World, admitted last month that it had overstocked laptops that failed to subsequently fly off the shelves. It also recently …
Kelly Fiveash, 12 Dec 2007

Advent unveils stylish 18.4in-screen Atom desktop

DSGi's Advent offshoot has followed up its various netbooks with a desktop machine based on Intel's Atom processor. Advent AIO 100 Advent's AIO 100: 18in screen The Advent AIO 100 packs in a Eee Box-style spec: 1GB of memory, 160GB hard drive, on-board 802.11b/g Wi-Fi, Ethernet, four-in-one memory card reader and a stack of …
Tony Smith, 08 Jan 2009
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Dixons admits 'it's even worse than you thought'

DSGI will overhaul its PCWorld computer barns and slash its fleet of High Street shops as part of a turnaround plan revealed the same day it admitted sales have gone into reverse at its computer retail business. The dire condition of the electronics giant's business was underlined by the company's decision to halve its …
Joe Fay, 15 May 2008
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Empire Direct goes titsup

Another UK retailer has gone titsup - electrical retailer Empire Direct has gone into administration. The Leeds-based chain's 14 warehouse shops and online store are shut as it was unable to trade in administration because of low stock levels. The firm's collapse means 150 jobs have been lost. Customers awaiting orders should …
John Oates, 20 Jan 2009