Category: Comet

Kesa which is Europe’s No. 3 electricals retailer, beat forecasts with a 52% rise in first-half profit and said it was well positioned for the crucial Christmas trading period. “We have prepared all our businesses for what we expect to be a competitive peak trading period and will continue to imp…

Knight Vinke was not commenting yesterday as the activist investor added to its stake in Kesa Electricals, the owner of Comet. The asset management group bought 3.32m shares in the retailer on November 19 ““ worth about £5.3m based on the company’s closing share price of 159.9p on the…

Earlier this month Kesa shares rose as much as 14% in London trading on speculation that the operator of Comet. It has been reported that Best Buy may make an offer, the Financial Times Alphaville column said, without saying whether it was referring to Best Buy Co. or Best Buy Europe, a joint ven…

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. Th…

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.

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 b…

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…

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.

A report by Rueters confirms that Kesa Electricals is close to selling its loss-making Swiss operation as its new chief executive moves to clean up its portfolio of businesses. The firm said it was in exclusive talks with Swiss electrical retailing chain FUST regarding the sale of its local busin…

Kesa Electrical, the owner of Comet in the UK has announced today said Wednesday that it swung to a net loss of £111.4 million in the twelve months to April 30, after taking £150.9 million of exceptional costs. In the 15 months to April 30 2008, Kesa posted a profit of £119.6 mi…