Currys and PC World to shrink in size to combat slowdown

May 15 2008 by Tony McDonough, icNorthWest

Currys and PC World owner DSG International is going to shrink the size of its Currys.digital estate in a bid to revive the business.

The group says it will not renew leases on around 77 of the chain’s 177 stores when they expire during the next four to five years. It is also unveiling plans to remove £50m of costs during this financial year.

DSG has been one of the major casualties of the consumer slowdown in recent months, and has issued two profits warnings this year.