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Kesa Electricals, which also operates Darty in France, has reported a full year loss of £81.8 million for the 12 months to April 30th.
Chief executive Thierry Falque-Pierrotin admitted that the firm has struggled in the current financial climate, after making a profit of £128.8 million during the 2007-08 financial year.
And he added that there is another "difficult" year ahead, which means that Kesa will continue to minimise its losses by taking "cost management actions".
"In the medium term, we will continue to focus on improving the execution of our service-led business model and better leverage our size and expertise," he remarked.
The loss comes despite the company seeing its group revenue increase 9.8 per cent to £4,954.1 million.
Kesa shares were priced at 105.25p at 10:45 BST following the announcement, a rise of 2.43 per cent.
