THE RETAIL BULLETIN - The home of retail news
Lest we forget
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Kesa Electricals' announce first quarter Interim Management Statement

Web generated sales and Spanish stores boost figures for the period 1 May 2010 to 31 July 2010.

CITY & CORPORATE

Kesa Electricals' announce first quarter Interim Management Statement

Web generated sales and Spanish stores boost figures for the period 1 May 2010 to 31 July 2010.

The highlights included strong total revenue growth of 8.2%, up 4.3% on a like-for-like basis, driven by a successful World Cup campaign.  There was also 28% growth in web-generated sales with strong double-digit increases in all markets, particularly Darty France at 43%.

Gross margin was down 50 basis points reflecting the mix effect from the strong performance in both TV sales across the Group and multimedia sales at Comet during the period.

Nine Comet stores were refitted with a further 30 planned for Q2.

Commenting on the Group's performance, Chief Executive Thierry Falque-Pierrotin said, ‘We delivered the plans set for the World Cup with excellent TV sales in all our markets during the period, and demonstrated the strength of our concept with significantly above market sales penetration of 3D TVs. In line with our strategy there was also very strong growth in our web-generated sales and good results from the stores rebranded to Darty in Spain.

‘After a positive first quarter we still anticipate that our markets will remain challenging for the remainder of this financial year, but we will maintain our momentum in delivering the benefits of the Darty concept in all our markets.’

 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

The Retail Design Seminar 2018
The Retail Design Seminar 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Seminar 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
AI in Retail Conference 2019
AI in Retail Conference 2019
18 September 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Retail marketing is changing pace rapidly by making communication across all platforms personalised, relevant, efficient, and helpful. AI not only helps shoppers find a perfect product but also pre-empts the shopping behaviour and speeds up payment.
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
Fix The Dinosaur Roundtable 2018
Fix The Dinosaur Roundtable 2018
19 October 2018
The Euston Suite, The Hallam, 44 Hallam St, London W1W 6JJ
A Masterclass in IBMi Legacy Issues