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Comet sees solid fourth quarter results - PC Retail

Comet sees solid fourth quarter results

Retailer sees sales grow by four per cent over Christmas, while like-for-like hits 0.7 per cent
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UK electrical retailer, Comet saw sales over the Christmas period grow by four per cent, with like-for-like sales up by 0.7 per cent.

The figures, which run for the ten weeks up till January 8th, were driven by demand for technology products such as PCs and televisions, as opposed to white goods, which saw a continuation in the slow down that market has been experiencing.

It was an improvement over the retailer's third quarter (October 31st), when it only saw growth of 0.2 per cent. Kesa, Comet's parent company, said that the growth had been achieved in 'very challenging' market conditions within the UK.

The results were in stark contrast to rival DSGi's Christmas trading figures, which saw it issue a £50 million profit warning.

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