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Articles about John Browett

Ousted Apple Store chief Browett is back selling shiny tat for ladies

The former head of Apple Retail has found a new job, selling handbags and scarves at the head of Monsoon's Accessorize chain. John Browett only lasted seven months at Cupertino, before Tim Cook edged him out in a reshuffle in September that also saw the end of Apple's software chief Scott Forstall. Browett is credited with …
Anna Leach, 15 Feb 2013
Inside of O2's new space

Apple retail boss Browett bags $1.74m of shares

The allure of leading Apple's store strategy, coupled with a generous restricted stock package of 100,000 shares, currently valued at $623 a unit, saw Browett flee the CEO's office at Dixons Retail in January. In the SEC document, Apple revealed the Brit received 5,000 shares but 2,159 were sold for tax withholding purposes. He …
Paul Kunert, 24 Oct 2012
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Apple lures Dixons boss Browett to run global retail biz

Channel bully boy Apple has nabbed Dixons chief exec John Browett to head up its worldwide retail biz. Browett - who has presided over the struggling UK consumer giant since 2007 - will step down from the board on 20 February and leave on 20 April. He will be replaced by group operations director Sebastian James, will be plonked …
Paul Kunert, 31 Jan 2012
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Dixons Retail and Carphone Warehouse mull merger

Dixons and Carphone Warehouse (CPW) today confirmed they are locked in negotiations that may or may not lead to a merger. "These discussions are at a preliminary stage and there can be no certainty that a transaction will be forthcoming," the pair said in a joint statement this morning. As such, no decision has been made …
Paul Kunert, 24 Feb 2014
Santa Claus on his laptop

Boxing Day sales bubble boosts Dixons - but don't hit the champers just yet

UK saps shoppers spent more than £100,000 a minute at Dixons Retail during the Boxing Day sales helping to drag it into growth during the Christmas quarter for the second consecutive year. But CEO Sebastian James held off talking up any recovery given the torrid time that many electronics retailers have faced in the past four …
Paul Kunert, 16 Jan 2014
Apple Store Fifth Avenue

Another Apple retail chief crashes out the door

The Apple exec tipped to take over as head of its Retail unit has just quit the company, it was announced yesterday. Jerry McDougal, vice president of Retail at Apple since 2000 has resigned to spend more time with his family. McDougal's exit comes three months after his former boss John Browett, was booted out from his role as …
Anna Leach, 16 Jan 2013

CEO of Brit fashion bods Burberry lands Apple job for retail, online sales

Apple has drafted in the CEO of high-end Brit faux tartan fashion label Burberry to head up its global retail and online sales biz – a newly created position. It will be a different type of collection that US national Angela Ahrendts handles when she starts at Apple next spring - as senior veep and a member of Apple's executive …
Paul Kunert, 15 Oct 2013

EXPLICIT VID: Man filmed trying to bang brand new 'budget iPhone'

Footage has emerged which appears to show that Apple's mysterious cheap new iPhone has a scratch-resistant surface which can take a serious battering and still stay pretty. A video posted on the Taiwanese site Apple Daily shows what it claims is a brand new model of iPhone being tested against several real-world scratch risks. …
Jasper Hamill, 22 Aug 2013

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

Apple axed Brit retail boss for doing his job well - TOO well, perhaps

John Browett must be pinching himself after his stint as Apple's retail veep came to an abrupt and unceremonious end this week, despite stellar numbers from his division of the firm. Just seven months into the prestigious role, the Brit was shown the door for an unspecified reason at the same time as Scott Forstall, senior veep …
Paul Kunert, 01 Nov 2012

Hurricane Sandy stops Apple stock deflating

A woeful week for Apple is probably a good thing for the rest of the tech industry, a top channel guru declared today, even if it doesn't mean a new sense of humility within the Infinite Loop. Steve Brazier, opening the Canalys Channels Forum in Singapore today, repeated his assertion that Apple currently dominated the tech …
Joe Fay, 31 Oct 2012
Apple iOS 6 Maps

Apple exec behind Maps and Siri to exit One Infinite Loop

"Siri, is the iOS Map app bad enough to cost me my job?" That's the question Apple's Scott Forstall might just be asking today, after Apple reshuffled its executives and it was announced he would leave the company next year, "and will serve as an advisor to CEO Tim Cook in the interim” after a reorganization of the company …
Simon Sharwood, 29 Oct 2012
Inside of O2's new space

Apple axes loyal store staff in Essex, Milton Keynes

Apple is cutting down on UK retail staff at its stores in Milton Keynes and Essex: blueshirted fanbois on short-term contracts will get the heave-ho, sources in the Mac channel claim. Industry talk of layoffs in Apple's shops surfaced in MacRumours earlier this week. Apple has refused to officially comment though a contradictory …
Anna Leach, 17 Aug 2012

Bolton biz kingpin tables '7 figure' offer for Comet website

The future of Comet's stores hangs in the balance: but the business brain behind Appliances Online has tabled a million pound plus bid for the website part of the drain-circling retailer. As previously revealed, Dixons and Maplins are understood to have expressed interest in only a handful of Comet stores as administrator …
Paul Kunert, 23 Nov 2012
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Dixons Retail boss pockets £1m in face of consumer meltdown

Dixons Retail chief exec John Browett trousered over £1m in rewards during the most recent financial year, despite the group posting steep losses as it struggled to cope with the consumer meltdown. Browett, who joined Dixons from Tesco in 2007, is masterminding a major cost-cutting drive to turn the losses into profits by …
Paul Kunert, 18 Jul 2011
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Dixons: We had a good summer, though southern Europe was a drag

Dixons Retail says a "busy summer of events" helped maintain momentum in its UK and Irish operations as sales climbed 7 per cent, but it's not yet ready to crack open the bubbly. Revenue growth at group level for fiscal Q1 ended 21 July was less marked: up 5 per cent, as a 13 per cent climb in northern Europe and the sales rise …
Paul Kunert, 06 Sep 2012
Apple Store Fifth Avenue

Apple's former retail boss spills magic beans on store strategy

Apple doesn't just construct retail stores it brews a magical experience that transforms your very existence, or so said Ron Johnson, former retail veep at the firm. Did someone say ahem...bullshit? No of course not. The man - now CEO at loss-making J.C. Penny - gave an insight into the cerebral workings of an Apple exec during …
Paul Kunert, 27 Nov 2012
The Register breaking news

Apple retail stores most productive in US – by far

Apple's brick-and-mortar stores rake in over twice the income per square foot as the US second-place earner, luxury retailer Tiffany & Co. According to a new study by the research firm Retail Sails, Apple's real-world stores earned an average of $6,050 per square foot during the year ending in June. Tiffany pulled in a distant $ …
Rik Myslewski, 13 Nov 2012
hands waving dollar bills in the air

Rampaging Brit looters cost Dixons £4m

Dixons Retail has fared relatively better than High Street rivals after trading results today showed that its fiscal half-year losses narrowed substantially in the UK. The firm posted underlying losses of £3.9m in the 24 weeks to 15 October, down from £10.7m a year ago - but the consumer meltdown, which forced a Best Buy retreat …
Paul Kunert, 24 Nov 2011
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Xmas actually accelerates Dixons sales drop

Dixons are facing a grim new year as it was revealed that the Christmas season actually accelerated their decline in sales. Takings across Dixons stores and the Currys and PC World outlets run by the company fell by 5 per cent compared to the quarter before, reveal figures published today. That fall follows a drop of 3 per cent …
Anna Leach, 17 Jan 2012
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Dixons Retail: A mirror held up to Europe

Dixons Retail's top and bottom lines slipped in fiscal 2012 ended 28 April, according to preliminary results. Group pre-tax profits fell to £70.8m, down from £85.3m in the previous financial year and sales dipped three per cent to £8.05bn, compared to £8.3bn in fiscal 2011. The total loss before tax narrowed to £118.8m from £ …
Paul Kunert, 21 Jun 2012
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Horde of customers storms Dixons – too late to save 2012 sales

A late flurry of consumer spending in the UK boosted Dixons Retail's Q4 sales but came too late to prevent a full-year fiscal 2012 decline, the firm revealed in a trading statement. Same-store revenues fell 3 per cent in the retailer's financial year ended 28 April but were down 1 per cent over the half-year period and actually …
Paul Kunert, 10 May 2012
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Dixons keeps wolves from the revolving credit facility door

Dixons Retail has inked a £300m revolving credit facility with its financial backers that should ease the cash flow of Blighty's largest retailer. The deal extends Dixons current facility, which was due to mature next year, until the end of June 2015. Sources say this will provide short term guarantees that should keep the …
Paul Kunert, 25 May 2012
For Sale sign detail

Best Buy UK spent £200m on failed megastores

Best Buy's efforts to win over UK consumers were an expensive failure, costing some £200m to set up just 11 big box stores. The stakeholders of the joint venture US retailer Best Buy and the UK's Carphone Warehouse (CPW) yesterday pulled the plug on the business, as investing more capital in the roll-out of another 90 stores was …
Paul Kunert, 08 Nov 2011
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Dixons warns of tough Christmas

Dixons Retail Group - better known as PC World - has warned of a tough and competitive Christmas season. Tech retailers, along with the rest of the High Street, are heavily reliant on the big boost given by Christmas to bring in the profits. Dixons said sales in the first half of the year had been flat, or up one per cent, at £ …
John Oates, 25 Nov 2010
hands waving dollar bills in the air

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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Best Buy shuttering 50 stores, laying off staff in $800m cost slash

Months after beating a retreat from the UK struggling retailer Best Buy is to shutter 50 stores in the US as part of a multi-year $800m (£500m) cost reduction programme. The experiment in Blighty which cost Best Buy and its joint venture partner Carphone Warehouse (CPW) £200m ended in January but the after effects were felt in …
Paul Kunert, 30 Mar 2012
The Register breaking news

LONDON iPHONE 5 MADNESS: 'You must be CRAZY to buy Apple'

Giggling Apple fanbois queuing for the new iPhone 5 in London gave Apple Store staff high-fives as a man bellowed at them: "Are you mad?!" The bewildering scene marked the start of another Apple iThing launch, and another day of eyebrow-raising antics on the streets of London and beyond. "Why are you shouting 'iPhone 5 iPhone 5 …
Anna Leach, 21 Sep 2012
For Sale sign detail

Dixons warns it's getting worse

The UK's favourite electrical retailer Dixons said this morning that sales are still crap, and getting crapper. For the full year ended 30 April 2011 sales in the UK and Ireland were down 3 per cent on a like-for-like basis. But for the last six months - 28 weeks ended 30 April - sales were down 7 per cent. Pure e-commerce …
John Oates, 12 May 2011
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Dixons predicts Olympics will boost sales

Dixons Retail has reported a sharp drop in sales, particularly in the UK and Ireland, but it still feels like it's doing well and the market seems to agree. The group, which includes PC World and Currys, said like-for-like sales in the first quarter in UK and Ireland fell 10 per cent and slid 7 per cent across the total group. …

Two years after Steve Jobs' death, how's that new CEO working out?

Two years ago today, Apple cofounder Steve Jobs died. Since then, much has changed at Apple, with the most visible difference being Tim Cook stepping out from under the shadow of his larger-than-life predecessor, shepherding Apple's product lines, expanding its distribution, reshuffling its executive team, mollifying investors …
Rik Myslewski, 05 Oct 2013
For Sale sign detail

Dixons to set up concession in Harrods

Dixons Retail will try to flog PCs and other consumer goodies to tourists and local toffs when it opens a concession in Harrods early next year. The ailing retailer swapped the High Street for out-of-town trailer trading parks in recent years as part of its turnaround strategy, but is looking to raise brand equity by setting up …
Paul Kunert, 25 Jul 2011
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Dixons done for dumping customer info in skip

Dixons has had its wrist slapped for leaving customer details in a skip outside one of its PC World stores. To be fair to the world's favourite tech retailer there were only eight completed credit agreements found, but they did contain customers' personal and financial data. The store concerned was in Northamptonshire, and the …
John Oates, 25 Aug 2010
homeless man with sign

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 reports huge losses of £224m

Dixons Retail this morning reported whopping losses of £224m for fiscal 2011, after absorbing one-off charges for shutting up shop in Spain and goodwill write-downs of its Greek and online operations. Total group sales for fiscal 2011 ended 30 April including businesses to be closed or already closed fell 2.2 per cent to £8.3bn …
Paul Kunert, 23 Jun 2011
Warning: two way

DSG hires Tesco man as new chief exec

Retail giant DSG has poached Tesco's operations development boss John Browett who is to join the firm as its new group chief executive. He will fill the hole left by John Clare who announced last week that he will be retiring in September after 22 years with the retailer, which owns Currys and PC World. Browett was previously …
Kelly Fiveash, 07 Jun 2007
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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
unhappy

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
homeless man with sign

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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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
triangular warning sign featuring exclamation mark

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
DSG logo

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
hands waving dollar bills in the air

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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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
channel

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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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 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
PC World

PC World feels the Vista pinch (again)

Slow adoption of Microsoft Vista has hamstrung profits again at DSG, the retail group that owns PC World. In a statement to the stock exchange today, it warned that overall group profit margins for the 24 weeks to 13 October will be down 0.6 per cent "largely driven by slower Vista-related hardware sales". PC World has been …

2012 in tech: Apple up the Cook without a paddle, ARM, slab wars... and MORE

Great Britain reminded the world who invented the web at London 2012 Olympics, Apple cocked up its maps, Microsoft returned to hardware with Surface, we saw a rise of the machines on Wall Street and many of us rubbed our hands with glee as Facebook IPO's deflated. This was the last 12 months in technology. So put the in-laws on …
Gavin Clarke, 31 Dec 2012

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