Flat screens lift Kesa
Total Group revenue grew by 7.4 per cent in local currency, up 4.3 per cent like for like, during a period which saw strong sales during February and March and a weaker April.
Kesa said total first-quarter revenue was up 7.4 percent, reflecting a continued recovery in demand for large appliances such as fridges and washing machines, as well as furniture. Like-for-like sales at BUT, its French furniture chain, were up 4.8 percent. Comet’s revenue grew by 4.9 per cent, 2.7 per cent on a like for like basis, benefiting from the same product dynamics as Darty. During the quarter, Comet opened two new stores and refurbished / extended three stores, all of which trade with a mezzanine floor. At the end of the first half, Comet will have opened nine of the 10 stores with mezzanine trading floors planned for this year.
