Next Friday could be a catalyst for the shares of DSGi, when it will host a strategy day at its Currys Megastore in Thurrock, Essex.
The update is expected to cover aspects of business such as the performance of reformatted stores, the future shape of the retailer’s portfolio and new technology.
There should be keen interest as DSGi prepares for its showdown with US rival Best Buy, which will soon open its first UK stores.
Under the renewal and transformation plan led by chief executive John Browett, DSGi’s performance has improved. UK and Ireland electricals like-for-likes climbed 8% over Christmas. However, the BRC reported this week that many electricals retailers had a “difficult” February.
At the end of last week DSGi’s shares rose as part of a general retail sector rally. Arden analyst Nick Bubb said it was in favour as a “cyclical recovery stock”.
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