Kesa sales down
Comet expects to make loss in first half
Comet’s revenue decreased by 6.6 per cent, down 9.9 per cent on a like for like basis, with particularly weak sales of white goods. Total Group like for like sales fell by 4.7 per cent.
Commenting on the Group’s first quarter revenue performance, Chief Executive Jean-Noel Labroue said:’This quarter has, as anticipated, been very tough. Trading conditions across all our markets deteriorated, particularly in the UK, and have not changed since the period end. As we did not expect to see any improvement in the short term, we put in place a robust action plan to protect margins, adjust costs and generate cash while maintaining key strategic investments in our established businesses and start up operations to secure our long term growth.’
