Dec 12 Darty Plc, Europe's
third-largest electrical goods retailer, said it was working on
eliminating losses in its non-core markets as part of a
strategic review of its operations.
Electrical goods retailers in Europe are fighting a fall in
demand and deep discounting by online retailers as the region
grapples with high unemployment, brutal government spending cuts
and rising prices.
The France-based retailer, formerly known as Kesa, said it
would review operations in Spain, the Czech Republic, Slovakia,
and Turkey, and strengthen its developed businesses in France,
Belgium and Netherlands.
Darty sold its loss-reporting Italian operations last month.
The company posted an adjusted loss before tax of 10.8
million euros ($14.04 million) for the six months ended Oct. 31.
It reported a profit of 12.1 million euros a year earlier.
Revenue fell 1.7 percent on a like-for-like basis.
The company said Finance Director Dominic Platt will serve
as interim chief executive until it finds a replacement for
Thierry Falque-Pierrotin, who stepped down in September.
Darty shares closed at 47.5 pence on the London Stock
Exchange on Tuesday, valuing the business at about 251 million