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
79,814 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

The 30 best TV shows on Netflix UK: Our pick of the best programmes you can watch right now

IDG UK Sites

Nostalgia time: Top 10 best selling mobile phones in history

IDG UK Sites

VFX Emmy: Game of Thrones work garners gong for Rodeo FX

IDG UK Sites

Apple 13-inch MacBook Pro with Retina review (2.6GHz, 128GB, mid-2014)