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Darty: We're on Path to Recovery After Profit Slide

Jun 19, 2013 - Reuters Hedgeworld (New York)

LONDON (Reuters) - Darty, Europe's No. 3 electrical goods retailer, said it was confident that a turnaround plan would deliver improved earnings after yearly underlying profit slumped by two- thirds.

Like its larger rivals, Metro's Media-Saturn and Dixons Retail, Darty is battling weak economies and intense competition from online retailers. It has responded by renewing its board and appointing a new management team led by Chief Executive Regis Schultz, the former head of French furniture ...