Advertisement
UK markets close in 6 hours 59 minutes
  • FTSE 100

    8,300.84
    +87.35 (+1.06%)
     
  • FTSE 250

    20,374.12
    +209.58 (+1.04%)
     
  • AIM

    776.98
    +5.45 (+0.71%)
     
  • GBP/EUR

    1.1649
    -0.0010 (-0.09%)
     
  • GBP/USD

    1.2538
    -0.0026 (-0.21%)
     
  • Bitcoin GBP

    51,260.98
    -876.95 (-1.68%)
     
  • CMC Crypto 200

    1,321.39
    -43.74 (-3.20%)
     
  • S&P 500

    5,180.74
    +52.95 (+1.03%)
     
  • DOW

    38,852.27
    +176.59 (+0.46%)
     
  • CRUDE OIL

    78.54
    +0.06 (+0.08%)
     
  • GOLD FUTURES

    2,323.90
    -7.30 (-0.31%)
     
  • NIKKEI 225

    38,835.10
    +599.03 (+1.57%)
     
  • HANG SENG

    18,479.37
    -98.93 (-0.53%)
     
  • DAX

    18,237.26
    +62.05 (+0.34%)
     
  • CAC 40

    8,013.09
    +16.45 (+0.21%)
     

Darty Q4 like-for-like sales fall 0.5 pct

PARIS, May 21 (Reuters) - Darty Plc, Europe's third-largest electrical goods retailer, said on Thursday that despite improving consumer confidence its markets remained challenging, particularly in multimedia.

Darty posted a 0.5 percent decline in like-for-like fourth-quarter revenue, which showed an improvement from a 2.9 percent decline in the third quarter.

Sales at Darty France, which represents 70 percent of group revenue, fell 0.7 percent in the quarter, also an improvement from a 3 percent decline in the previous three months.

The fourth quarter to end April is traditionally Darty's weakest quarter, making around 20 percent of annual sales.

ADVERTISEMENT

Like its larger rivals - Metro (Other OTC: MTRAF - news) 's Media-Saturn and Dixons - Darty has been battling weak consumer spending and competition from online retailers.

London-listed Darty, with some 400 stores in Europe, has responded by cutting costs, exiting loss-making operations in Italy, Spain, Turkey and the Czech Republic, and focusing on its core markets of France, Belgium and the Netherlands. (Reporting by Dominique Vidalon; Editing by James Regan)