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
 
75,052 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

Samsung Galaxy Note 4 release date, price and specs 2014

IDG UK Sites

iOS 8 features wishlist: the changes iPhone and iPad users want in Apple's iOS 8

IDG UK Sites

25 Years of the World Wide Web: Happy Birthday, Intenet

IDG UK Sites

Developers get access to more Sony camera features