DSGi posts £30 million loss
"Prepared for a recessionary environment"
27 November 2008 11:27 GMT / By Amy-Mae Elliott
It's more bad news from the UK's high street retailers as the Dixons Store Group International has posted a massive multi-million pound loss.
In the last six months of trading the group - that covers PC World, Currys, Dixons and PIXmania - has reported a near £30 million loss.
Only DSGI's e-commerce businesses, PIXmania and Dixons.co.uk showed growth, up 9%, although the company did say its new format stores were doing well.
Dixons said: "The trading environment remains tough and volatile. The Group is prepared for a recessionary environment and is consequently focused on cash generation".
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