Comet made good progress in launching its turnaround plan despite a 22 per cent fall in sales, parent company Kesa said in its first quarter management statement.
The electricals retailer is working on plans to consolidate its 14 regional service centres to two sites, and reducing the warehouse network from three to two as part of a retender of logistics services.[asset_ref id=”1286″]
Kesa said the service centre consolidation and logistics retender remained on target.
The group said the Comet.co.uk website showed an increasingly improved trend, but overall internet growth was impacted by the decision to align fully store and web prices with a consequent reduction in web “click and collect” transactions together with the down scaling of two specialist web sites.
Chief Executive Thierry Falque-Pierrotin said: “The start of the year has been tough against the strong World Cup comparatives of last year and weakening market conditions. Nevertheless, the implementation of our strategic actions helped to deliver increased gross margin, further progress on our cross channel web strategy and market share gains in France, Belgium and Turkey.”