Electrical retailer DSG International, which owns Dixons, Currys and PC World, has said its underlying sales in the 16 weeks to August 23 were 7% down on the same period last year.
This figure strips out the effects of new store openings and closures. Total sales were 4% ahead, and the company said conditions remained tough across Europe.
in the UK and Ireland, total sales fell 3%, with underlying sales dropping by 7%.
'The economic backdrop in which the group operates remains difficult across Europe, and we are managing costs and stock levels accordingly. We remain very cautious about the consumer outlook,' said chief executive John Browett.
DSG said it had delivered a £50m cost-cutting programme and was targeting an additional £25m of savings this year.
