Category: Comet

Kesa has entered exclusive talks with Swiss electricals retailer FUST to sell its Swiss operation for CHF20m (£11.4m). The Comet owner said that a sale would not result in a loss and that negotiations will include obtaining certain approvals that should be completed in the coming weeks.

It has been widely reported today that electricals retailer Kesa has said it will cut jobs and close some of its stores in Spain as it announced a 7.5% drop in total like-for-like sales. Overall however the company traded in line with its markets.

Comet has announced a further 39 redundancies at its Hull business centre further to the job cuts announced last month that we reported previously. The firm began a consultation with staff at the beginning of March, saying that 98 of the 206 employees at the offices in Hull could face losing thei…

In a press release this evening Comet has announced it has entered into a consultation process with some of its office-based workforce. The period of consultation will now begin with around 280 staff in office-based roles across the UK, with a view to making redundancies.

Comet, the Kesa-owned high street electrical chain, is understood to be planning to charge for shelf space. The retailer has confirmed that it is currently in talks with suppliers. The move comes just weeks after the group posted a 71% profit crash in its half year results in December.

Kesa Electricals, the owner of the Comet electrical chain has today said that it expects its annual profit margin to fall after this year’s price cuts across the high street and warned that the “difficult economic environment” would continue. Kesa announced that group like-for-like sales, which s…

The Chinese came into the UK market with a bang today with the launch of a new range of washing machines, driers and dishwashers. Aries Manufacturing based in Fuzhou, Fujian Province are said to be turning out machines at the rate of 4,000 per hour. Already Comet has signed an exclusive deal to i…

T’is that festive time of year to be merry but if the freezer won’t shut, cooker refuses to ignite and the dishwasher is staining your best silverware, Comet’s Mr Fix-it can help you avoid a Christmas curse on your kitchen!