Deathwatch - the trouble keeps on coming for DSGi
We're thinking of adding a new permanent feature to the Bitterwallet homepage, since every other post appears to be about the ailing fortunes of DSG International, home to PC World and Currys. Although upon further consideration, DSGi Deathwatch sounds like a television series set in San Diego starring cod-eyed Gary Sinise, so we've left the idea alone.
That said, we fear it won't be long until a forensic team are picking over its bones. Reuters reports that the company is expected to report a drop in like-for-like sales of between 7 and 12 per cent for the 12 weeks leading up to tomorrow.
On top of this, shares in DSGi have tumbled 73 percent over the past 12 months, and there are fears that the company may break rules covering its debt arrangements. Throw in a mountain of customer service problems, and it's clear that 2009 doesn't look too rosy for one of the biggest names on the high street.