Deathwatch - Another Casualty As DSGI Sales Plummet
DSGI announced that like-for-like sales (which ignore new store openings) had dropped 10% in the three-month period leading up to January 10th.
Keenan, who has joined HSBC, follows TechGuys chief Tom Barry through the exit door as DSGI look to restructure under chief executive John Browett with the economic downturn hitting them hard.
DSGI told us, “This is an exciting new role for Peter in a new direction for him and we wish him well. His departure coincides with the announcement of a new structure which is better aligned to the company's Renewal and Transformation plan and which suits John (Browett)'s hands-on management style better."
Hands-on eh? A fiver to the first reader who can send us a snap of Browett flogging Norton Antivirus to a PC World customer.
Bad news too for the Home Retail Group, owners of Argos and Homebase. They have announced that Argos sales dropped 7.5% in the 18 weeks up until January 3rd, while DIY chain Homebase saw like-for-like sales in the same period drop 10.2%.
More high street doom and gloom as we get it…