Comet was the star performer as European retail giant Kesa Electricals posted solid growth in its fiscal first quarter.
The retailer's interim management statement for the three months to the end of July claims revenue for the quarter rose 8.2 per cent annually in euros. One of the quarter's success stories was web-generated sales, which rose 28 per cent – including a 43 per cent spike in France.
French retail chain Darty increased sales by 7.8 per cent in its home country. Its less mature operations – which include Italy, Turkey and Spain – boosted quarterly turnover by 13.2 per cent year on year. During the quarter, 19 Spanish stores came under the Darty brand.
Sales were up four per cent across Kesa's BCC brand in the Netherlands, Vanden Borre in Belgium, and Datart, which sells in Slovakia and the Czech Republic.
But Comet, which accounts for more than 250 of Kesa's 709 stores, was the group's mainstay in Q1. When compared to the same period last year, sales at the UK white goods specialist were up 9.8 per cent in euros.
TV sales enjoyed a boost during the World Cup and web-generated sales grew 13 per cent year on year and now account for about a seventh of Comet's overall revenue. During Q1 nine stores were refitted with 30 more set to be given a lick of paint during Q2.
Kesa chief Executive Thierry Falque-Pierrotin said: "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."
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