Comet suffers first like-for-like fall in two years

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[Industry News]

20 March 2008

The chief executive of Comet's parent company, Kesa Electricals, Jean-Noel Labroue said that Comet's comparable store sales had slipped into "small negative territory" for the period since its financial year to January 31, which he largely attributed to the consumer slowdown.

From www.retail-week.com

Labroue said it was the first time Comet's like-for-like sales had fallen since 2005, when it had a "product issue" with white goods that caused a decline in sales.