DSG Group status / * * Warning for those purchasing from DSG (Currys/Dixons?PCWorld)

satan666wayne

trace_567 wrote: »

DSG do have things to work with if things become really bad. They own dixions currys and pc world. I'm sure they would try and save as much as they can, so it could mean nothing, or maybe just a merging or removing of one or more of the current 3.

They have done that, they have shut down Dixons.

Browntoa

dixons stores were rebranded "Currys Digital" not shut down (unless there was a nearby Currys)

prowla

baccyman wrote: »

regarding dsg going bust the pc world and curry's in stevenage have both just had refurbishments done and if they were on the point of going bust they would not have done that work.

The PC World in Staines has just had a refit, and they seem to have de-scoped the "PC" aspect; there's very little software there, and the gaming and home entertainment sections have grown.
I think they have moved away from their core market and must surely be vulnerable.

Basil1234

satan666wayne wrote: »

They have done that, they have shut down Dixons.

hmm also strange then http://www.dixons.co.uk/
as said before all became currys digital and dixons online remains numbty need to check your info first

also with regards to refits usually find they are organised in the region of 6 months plus to organise contractors quotes etc etc so once approved the ball is rolling. where as company can go into admin quickly as a week when its debt out strips its assists such as woollies for example.

Whats been killing retail for years is 2 problems
1. too much retail space for actual need considering alot of people they reckon 5 million online sales they where hoping for on xmas day
2.Rents are far too high mfi stores where £10,000 a week in the main thats a few kitchens required before any gas electric staff wages etc etc.
sounds really nasty but i would never wish anyone out of a job but i think aload of companies rolling over and dying is been along time coming also will help realign house prices to there true value the was a euro financial think tank that reckoned last summer house prices where 30% over priced , where as its dropped 10% -15% so far with the english goverment(lol) reckoning they will drop a further 10% this year. the truth of the matter they going to go down more likely twice.

basil

abfmdf

I think it is wrong for people to simply dismiss fears of DSG as simply scaremongering, who would have thought 6 months ago that we would have /could be losing Ethel Austin, Woolworths, Mfi, Jessops, Witards of Chelsea, Zavii, Rosbys and others.

In 2 years the company has lost 95% of it value with falling shares (well over 200m) !!!! the price of its shares are at there lowest level since the early 80s. While the UK arm (Currys/PC world) have generally made a profit, in the last quarter they made a sizable loss, coupled with the Italian and Spanish sides of the business (which are making much larger losses) anything could happen.

Brian_Bullocks

abfmdf wrote: »

I think it is wrong for people to simply dismiss fears of DSG as simply scaremongering, who would have thought 6 months ago that we would have /could be losing Ethel Austin, Woolworths, Mfi, Jessops, Witards of Chelsea, Zavii, Rosbys and others.

Adams kids clothing joins the club...http://business.timesonline.co.uk/tol/business/industry_sectors/retailing/article5404090.ece

Anon

Much as this is a discussion board and discussion is therefore encouraged, there is nothing that is guaranteed to be self-fulfilling prophecy as people stopping buying from a retailer based on a rumour of a business going under (in the same way that, although there were some problems with the business model, Northern Rock mainly went under a result of a run on the bank by people withdrawing their money, based on speculation, comment and rumour in the press etc).

Consumer confidence is key for retailers, banks and others to survive.

Anon

thevogon

kiddy_guy wrote: »

How about a reasoned comment as to why you believe this to be true? I see no reason whatsoever nor have heard anything suggesting they are in trouble. Perhaps you'd be so kind as to share your expert knowledge?

http://uk.finance.yahoo.com/echarts?s=DSGI.L#chart6:symbol=dsgi.l;range=2y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined

90% decline in value = market thinks it's possibly going tits up.

http://uk.messages.finance.yahoo.com/UK_Stocks/threadview?m=tm&bn=UKF-Stocks-DSGI.L&tid=18&mid=33&tof=1&rt=2&frt=2&off=1

And suppliers think the same.

That's what happened to Lehmans. No one would give them credit so they collapsed.

rchddap1

Personally I can see DSG having dire problems. Right now pretty much everyone on the high street is vulnerable. All anyone can do is to be careful when they put 'deposits' down on goods.

zenseeker

rchddap1 wrote: »

All anyone can do is to be careful when they put 'deposits' down on goods.

and make sure you use a Credit Card when you do.