Retailer Comet hit by sales slump

The owner of British electrical retailer Comet said the high street chain would slump to a first half loss this year after sales of white goods dived.

Kesa Electricals said Comet's like-for-like sales fell 9.9% during the three months to July 31, with "particularly weak" sales of household electrical appliances. The sales slump compared to a 0.4% rise during the three months to April 30.