All change at DSG
Fri 16 May 2008
16/05/2008
DSG international has announced a plan to dramatically reshape its business model, a move that could leave 1,000 workers unemployed. The company owns PC World and electrical retailer, Currys, and its new chief executive revealed it had failed to keep up with competition. "We have lost our edge," said John Browett and admitted a turnaround may not be possible before 2010. "There are lots of good people here who want the business back on top and are very excited and behind the plan," he added. His five-point plan will see increased online sales and improved out-of-town stores. Cost-cutting will result in the loss of 400 head office staff and the closure of 77 Currys high street stores, the paper reports. The latest national statistics have showed unemployment has risen for the second consecutive month and consumers are under pressure from inflation.
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