Darty plc drives up its revenue and store portfolio

Darty plc, a multinational electrical retailing company headquartered in London recently opened six franchise stores. The total count of its stores stands at 43. The company also completed acquisition of 18 profitable stores for BCC, an electrical retailer based in Netherlands. It reported a rise in revenue in the fourth quarter of its financial year boosted by online sales and its 'click and collect' service and as it expanded its portfolio of stores.

Commenting about the business achievements, Régis Schultz, Chief Executive, Dart plc said, “The company outperformed the market in each of its operating regions of France, Belgium and the Netherlands. The total group revenue was up 3.5% including Mistergooddeal.com and revenues from franchise stores. In terms of product categories, revenue growth continued to be driven by communication and white goods sales. However multimedia remained weak with both falling volumes and average selling prices in tablets and digital cameras.”

The company was formed in July 2003 by a demerger from Kingfisher plc. Darty is headquartered in London. It has sourcing offices based in Paris and Hong Kong. “Despite improving consumer confidence our markets remain challenging, particularly in multimedia. We continue to develop our customer offer through initiatives such as the recent launch of same day delivery in Paris and Lyon, improve productivity and deliver our strategic growth initiatives,” adds Schultz.