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CommentWire
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DSGi's French PC City stores have failed to live up to expectations and have been a drag on group profits. Closing these stores would allow the retailer to cut its losses in the highly challenging French market, freeing up cash to help build crucial scale in Eastern Europe and its lucrative Nordic territory.
Published By Datamonitor
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23 Feb 2007 |
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CommentWire
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After assessing the economic and political risks of entering the Russian retail market, DSGi has shelved plans to exercise its option to buy 10% of Russian retailer Eldorado. In light of the mixed trading performance that DSGi is currently experiencing across its European operations, exposing itself to a potentially risky acquisition could have proven to be a step too far for the retailer.
Published By Datamonitor
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21 Jun 2007 |
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Expert View
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Kesa saw like-for-like sales fall by 6.1% in the 12 months to April 30, 2009, while total sales increased by 8.3%. Effective cost control and a strong balance sheet will help the retailer to weather the storm, but Kesa must not neglect its core offer and long-term growth opportunities.
Published By Datamonitor
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14 May 2009 |
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CommentWire
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Kesa's acquisition of Electrodomesticos Menaje Del Hogar Sociedad Anonima (EMH) comes as little surprise given its European ambitions and the strong projected growth for Spain. The move not only provides a potentially lucrative new growth channel, but also helps Kesa build the critical scale it needs to better compete with larger rivals DSGi and Metro.
Published By Datamonitor
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25 Jul 2007 |
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Expert View
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Electricals retailer Kesa has seen solid revenue growth in H1, with an uplift in both retail profits and margins. While Darty remains the strongest performer of the group, its Comet brand continues to flounder. Consequently, Kesa has accelerated the rollout of the Darty concept across its European stores, and is investing the bulk of its capital expenditure in further boosting the brand.
Published By Datamonitor
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13 Dec 2010 |
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CommentWire
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Prometheus, which operates two of Spain's most prominent electricals chains, 'Master Cadena' and 'Idea', has gone into administration. The electricals retailer has become the first in the sector to succumb to the challenging macroeconomic environment in Spain. As the situation gets worse, more retailers are likely to suffer a similar fate.
Published By Datamonitor
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25 Jul 2008 |
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Expert View
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Sonae, the giant Portuguese conglomerate, is set to enter the beleaguered Spanish electricals market with its Wortem chain, after acquiring the Spanish arm of French electricals specialist Boulanger. However, a challenging macroeconomic environment and feisty competitors will make its quest to become a prominent market player far from smooth sailing.
Published By Datamonitor
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27 Aug 2008 |
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Expert View
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The phase of Spain being one of the EU's fastest growing retail markets has come to an end. Consumer confidence is falling sharply, and borrowing, which fuelled the consumer boom, has become much harder to secure in the current credit crunch. However, there are a number of long-term prospects in the market's underdeveloped and fledgling sectors which offer prime growth opportunities.
Published By Datamonitor
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16 May 2008 |
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