Category: Appliance Money

Europe’s third largest electrical retailer, Kesa, has said it enjoyed an encouraging start to the year, with an increase in sales.

COMET owner Kesa Electricals has posted maiden full-year profits of £202.7 million, but warned of continuing uncertainty in its core markets. The company, which demerged from B&Q owner Kingfisher in July, said revenues improved in the second half of the year and this had continued since…

Pacific Retail wants to boost its British PowerHouse store numbers to 200 in the next three years, and in time boost turnover beyond €400 million ($NZ1.07 billion) a year.

ELECTRICAL retailers sell some £800 million of extended warranty policies each year. Not all are actually needed, yet to extend a one-year manufacturer’s TV warranty to five years could cost £260.

Pacific Retail Group has released a trading update which dashes any hopes that its freshly purchased British subsidiary Powerhouse was going to be a quick fix-it job.

LONDON (Reuters) – Kesa Electricals, Europe’s third largest electricals retailer, has revealed weak sales for the key Christmas period in its core French market but says it expects to deliver full-year profits in line with forecasts

Sorry there’s not much more on this topic other than the little snippet here:

The £900 million-a-year market in extended warranties on household electrical goods was one of the first to be investigated by a new division within the Office of Fair Trading.

FALLING sales of extended warranties have stunted growth at Comet.

Electricals retailer Kesa has said it remains cautious over trading prospects following a weaker performance at its UK-based Comet chain.