Kesa Electricals, the owner of the Comet chain of electrical stores, has unveiled a drop in sales but said it was holding market share and on course to top last year’s group profits. Comet same-store sales fell four per cent from January 9 to April 30 with total sales dropping by 3.4 per cent.
The group, led by chief executive Thierry Falque-Pierrotin, blamed bad weather at the start of the year, tougher comparatives and subdued consumer demand for big-ticket items such as TVs for the fall. It is hoping next month’s World Cup in South Africa will boost demand for TVs offerign a short term windfall for the business just as rival Currys (DSGi) are also hoping.
Posted by kwatt on Sunday, May 16 @ 13:17:32 BST (420 reads)
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Aappliance retailer Comet has reported a fall in sales for November and December 2009. Parent company, Kesa, have said that sales were down by 3.9% on a like-for-like basis.
However, this is a better result that was expected by some analysts.
Posted by kwatt on Tuesday, January 26 @ 14:35:38 GMT (569 reads)
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Kesa: Kesa Plans To Break Even In Loss Making Divisions
Kesa Electricals is looking to break even at its lossmaking Spanish, Italian and Turkish divisions by 2012 and plans to rename its troubled Spanish division.
Thierry Falque-Pierrotin, chief executive of the electricals retailer, said: "We are focused on breaking even in the so-called developing businesses.
"In Italy and Turkey, the breakeven will come through a store expansion programme. Spain is a different story . . . we have terminated some stores and we are putting a team in place that truly understands our service-led concept."
Posted by kwatt on Friday, December 18 @ 06:48:06 GMT (565 reads)
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Kesa: Comet Start Scrappage Scheme With 20% Discount... On Their Own!
Comet are offering incentives of up to £200 to swap their old white goods for new ones under a scheme designed to mirror the government's car scrappage scheme, widely reported as being a "cash for clunkers" scheme.
Comet has teamed up with manufacturer BSH Home Appliances to offer customers a 20% discount if they trade-in their old appliances for a new model.
Posted by kwatt on Friday, September 11 @ 11:48:52 BST (1407 reads)
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Kesa Electricals said like-for-like sales fell 3.9% as a return to growth at its Comet stores in the UK was offset by weakness in France.
Comet stores saw a 0.3% rise in like-for-like sales in the three months to July 31, after an improvement in the sale of fridges and other whitegoods.
Posted by kwatt on Thursday, September 10 @ 15:00:49 BST (703 reads)
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