dsgi22 Jun 2009 02:07
KESA AND DSG HOPE FOR ELECTRICALS SURGE AFTER 'STUNNING'
JOHN.
John Lewis has reported a "stunning" rise in the sale of white goods, which analysts said augured well for Kesa, the owner of Comet, and DSG International, which owns Currys and PC World. John Lewis reported a sales surge of 8.2 per cent year-on-year for electrical and home technology goods, bringing positive news to retailers after bleak figures from the Office for National Statistics revealed a 1.6 per cent year-on-year fall in sales in May. Nevertheless, any recent rise in electrical sales will come too late to save DSG and Kesa from painful profit cuts. painful profit cuts.
MAMAS AND PAPAS REVEALS PLANS TO BUMP UP STORE OPENING.
Mamas & Papas is to step up its store opening programme after reporting a 28 per cent rise in like-for-like sales of its maternity fashion from the beginning of February to the end of June. The retailer and wholesaler of mother and baby products trades from 36 stores across the UK and two outlets in Dublin, and is planning at least four store openings this autumn. David Scacchetti, chief executive, said that "fast-fashion" lines and denim ranges had been among the bestsellers during the period.
The Daily Telegraph