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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2010/12/kesa-reveals-comet-sales-gloom.jpg"><img class="alignnone size-full" title="Kesa's Comet chain in UK saw losses widen to 5.4 million pounds" src="http://londonglossy.com/wp-content/uploads/2010/12/min-kesa-reveals-comet-sales-gloom.jpg" alt="Kesa's Comet chain in UK saw losses widen to 5.4 million pounds"/></a></p>
<p>Comet parent Kesa Electricals has reported a three-fold increase in UK half-year losses as second quarter sales slumped 10%.</p>
<p>The retailer saw trading worsen significantly after a buoyant first quarter that was boosted by the World Cup, when UK like-for-like sales rose 4.3% thanks to a surge in flat screen television sales.</p>
<p>Kesa said its Comet chain in the UK saw losses widen to 6.4 million euros (£5.4 million) in the six months to October 31 up from 1.8 million euros (£1.5 million) a year ago, while sales dropped 2.6% to 864.1 million euros (£726.6 million).</p>
<p>It added the recent snowy weather had also hit recent trading, which the retailer hoped to make up before Christmas and on Boxing Day.</p>
<p>The retailer said Comet&#8217;s second quarter figures were a result of a slump in sales following the World Cup and because of tough comparables in the previous year when it gained market share.</p>
<p>It launched a three-year recovery plan for its 249-strong Comet chain earlier this year that involved refitting stores, sharper pricing and changing its product mix to include more kitchen and beauty products and accessories.</p>
<p>Online sales increased by 8% in the half-year and now account for 14.6% of revenues after it revamped its website and added more products to its online offer.</p>
<p>Kesa said sales of tablets devices such as iPads had been strong across Comet in the run up to the key Christmas period.</p>
<p>It is facing increased competition from the entrance of Best Buy into the UK market and from a resurgent Dixons Retail, which owns Currys and PC World.</p>
<p>Kesa Electricals, which trades in 10 countries including France where it is the market leader, showed a better performance across its French operations offset the UK woes, with half-year pre-tax profits up 283% to 27.2 million euros (£22.9 million).</p>
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