Europe's 2nd largest electricals retailer, DSG International and Kesa Electricals, are all set to divulge a slump in annual profit next week, depicting the impact of recent economic recession on their business.

DSG is likely to report a 79 % fall in its full-year profits, while Kesa, Europe's 3rd largest electricals retailer is anticipated to report a 46 % fall in its full-year profits.

Products such as washing machines, fridges and computers have recorded a plunge in demand as shoppers did not show an urge to spend lavishly because of harsh economic conditions.

DSG, which runs Currys and PC World stores in Britain, UniEuro in Italy and Elkjop in the Nordic region, is anticipated to report profit of 43.1 million pounds for the year to May 2, down from 205.3 million pounds in the preceding year.

As far as Kesa is considered, it is expected to report a profit of about 69 million pounds for the year to April 30, down from 128.5 million pounds in the preceding year. 

On the other hand, John Lewis, Britain's biggest department store group, reported a spectacular increase in sales of white goods.

Electricals and home-technology sales recorded a rise of 8.2 % year-on-year at John Lewis. John Lewis-owned Waitrose recorded a rise of 6.1 % in sales.

The affirmative update from John Lewis is like a silver lining in the dark clouds, which will bring some cheer to retailers after getting bleak figures of 1.6 % year-on-year fall in sales from the Office for National Statistics.