July 17, 2014 / 8:00 AM / 3 years ago

Russian electronics retailer M.video Q2 sales flat

MOSCOW, July 17 (Reuters) - M.video, Russia’s biggest consumer electronics retailer, said on Thursday its second-quarter sales were flat, year-on-year, at around 35 billion roubles ($1 billion).

Like-for-like sales fell 5.6 percent, year-on-year, the company said, citing a significant deterioration in the consumer electronics market in the second quarter and store closures for reconstructions. ($1 = 34.8410 Russian Roubles) (Reporting by Maria Kiselyova, editing by Elizabeth Piper)

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