Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Retailer DSG Says Appliances Have Slowed; is Cautious about 2008
Nov 29, 2007
 Printable format
 Email this Article
 Search

DSG International Plc, Europe's second-biggest consumer electronics retailer, reported slowing sales of refrigerators and dishwashers and said it's "cautious'' about the outlook for 2008.

The market for large household appliances has been "more subdued'' in the past eight weeks with a "single-digit'' drop in sales, Finance Director Kevin O'Byrne said. The company reported a 25% gain in first-half profit after prior-year costs for moving its distribution centers.

Falling UK house prices and the reduced availability of credit after the collapse of the U.S. subprime mortgage market may hurt business next year, O'Byrne said. Yet, the retailer is well prepared' for the peak Christmas selling period. Flat-screen televisions, which to date have only penetrated 30% of the potential market, and digital music players are fueling sales growth for the company.

First-half revenue rose 8.3% to 3.38 billion pounds (approx. US$7 billion). Sales at stores open at least a year rose 5%, slowing from 6.6% in the first 16 weeks of the period.

In Italy, where DSG is trying to stanch a sales decline in its UniEuro division, same-store sales fell 8%. (Bloomberg)

Back to Daily News

 

Daily News

...........................................................

Apr 24, 2014: BSH Annual Revenue Tops EUR 10 Billion for First Time

Apr 24, 2014: New Home Sales Show Sharp March Drop

Apr 24, 2014: Ingersoll Rand HVAC Segment Reports Strong 1Q

Apr 24, 2014: ASHRAE 2014 Annual Conference Announced For Seattle

Apr 23, 2014: Bosch Home Appliances Garners EPA Energy Star Partner of the Year - Sustained Excellence Award

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows