All the latest UK technology news, reviews and analysis
|
|
|
13 May 2008
Up to 200 PC World and Currys stores are believed to be under threat of closure as part of a wide-ranging cost-cutting strategy to get the struggling retail chains back on track.
Owner DSG International (DSGi) is expected to unveil the measures when it announces its latest trading statement and strategy review on 15 May.
The company is also expected to announce the conversion of dozens of existing outlets into electronics superstores that will include the PC World and Currys retail brands.
DSGi's recently recruited chief executive John Browett has issued two profit warnings so far this year following a slump in retail sales.
The ex-Tesco man recently pledged to deliver the "value, choice and service that our customers demand", along with the closure of 40 the retail giant's 150 stores in Italy.
DSGi last month blamed heavy discounting aimed at wooing cash-strapped bargain hunters for disappointing sales figures.
The company has been forced to revise sales forecasts from £242m to £200m/£210m for the year.
Latest stories from Web
Related articles
Related jobs
Poll
What is the most important IT priority for your company this year?
Sneak peek at the forthcoming glass-based machine
Connect with V3.co.uk
This paper focuses on a series of best practices and techniques for development teams looking to improve their software development processes
Why good data management at all levels is essential in the modern business (video, 6mins)
Systems Analysis Project Lead - UML, Agile, Waterfall...
IT Business Analyst - ISEB, PRINCE2 - Southampton, Hampshire...
Predictive Modelling analytics - (SAS) - South-East...
iOs Developer - JEE, cocoa, Objective-C - Midlands (potential...
Keep up to date with the latest products, services and technologies from the world's leading IT companies. IThound.com brings you over 2,000 white papers, case studies and analyst reports.
Do you agree?