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Summer sales lift Darty Q1 French sales

Reuters - UK Focus

PARIS, Sept 10 (Reuters) - Darty Plc (Other OTC: KESAF - news) , Europe's No. 3 electrical goods retailer, said on Thursday that summer sales lifted first-quarter revenue in its core French market and that with strong television sales ahead of the Rugby World Cup it was well placed for the rest of the year.

Darty, which competes with Britain's Dixons Carphone Plc and Metro AG (Xetra: 725750 - news) 's Media-Saturn, said sales at Darty France, which makes 70 percent of group sales, rose 1.1 percent like-for-like, improving from a 0.7 percent drop in the fourth quarter.

Like many of its rivals, Darty is facing weak consumer spending and competition from online retailers.

With some 400 stores in Europe, Darty 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)