UK retailers are adding to the downturn gloom with more miserable financial results.

DSGi's decline appears to be continuing while Homebase, Waterstones, Argos, Halfords and Clinton Cards have reported drops in sales too.

Like-for-like sales at Currys and PC World parent company DSGi were down 10% for the three months ending 10 January.

As is becoming a bit of a pattern for DSGi, its online businesses did better, while new store openings are said to have been successful.

Argos, said to be traditionally a good performer over the Christmas period, saw a 7.5% drop in like-for-like sales.