Catalogue retailer struggles in tough climate for non-food sales ...

but in 1999 its plan to buy supermarket group Asda was thwarted by US giant Wal-Mart. In 2003 the group demerged its electrical & furniture arms to form Kesa Electricals.

Chief executive Jean-Noel Labroue said trading conditions across all Kesa's market were very tough, with a further deterioration in continental Europe. However, he said Comet continued to make ...