Retail sector on back foot in UK

The retail sector was on the back foot today after a profits warning from Currys owner DSG International impacted the sector.

Retail sector on back foot in UK
Thu, 18 Oct, 2007 - 12:44
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The retail sector was on the back foot today after a profits warning from Currys owner DSG International impacted the sector.

Shares in the firm fell more than 6%, or 8.4p to 127.6p, after the electricals group was forced to cut prices to clear stock backlogs at PC World – knocking margins and hitting profits by around £20 million.

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