We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
79,812 News Articles

PC World owner's 10 percent sales slump

Brits wait for post-Christmas sales to buy laptops

DSG International, the company which owns PC World and Currys, has revealed a 10 percent slump in sales between October 2008 and January 10 2009, compared to the previous quarter.

The company said consumers were holding off purchasing products until after the Christmas period, and their sales for the first two weeks of January reflected this, with figures up by two percent.

Visit Digital World for the latest home entertainment news and reviews

See our Laptop Advisor website for expert reviews of today's best laptops, plus read our essential advice to make sure you choose the right specs

"The sales pattern through the period was as we anticipated, with customers waiting for the post-Christmas sales to purchase discretionary products, particularly televisions and laptops," said chief executive John Browett.

However, Browett added he expected 2009 to be "challenging" and was "actively planning and managing the business". This includes cutting costs by a further £20m to bring total cost saving to £95m.

The company also said it was not retaining some of the temporary staff hired for the festive period while the number of seasonal staff employed was less than on previous years.

See also: PC World owner posts dramatic six-month loss


IDG UK Sites

45 Best Android games: top Android games for your smartphone or tablet in 2014 (24 are free!)

IDG UK Sites

How Apple, Adobe, Microsoft and others have let us down over UltraHD and hiDPI screens

IDG UK Sites

Do you have the X-Factor too? Mix Off app puts fans in the frame

IDG UK Sites

iPad Pro release date, rumours and leaked images - 12.9 screen 'coming in 2015'