Currys and PC World owner DSG International today reported first quarter sales down 7% and said it remained “very cautious” as economic conditions continue to hit consumer confidence.
The firm outlined progress on its plan to revive the business, including the trial of a larger format store in the UK and aims to save a further £25m (€30.7m) under a “line by line” cost review.
DSG also announced that chairman Sir John Collins is to retire next September after six years in the role and is starting the search for his replacement.