HMV enjoys bumper Christmas

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Total Group sales up 6.7 per cent with like for like sales down 1.2 per cent

In the five weeks to January 2 like-for-like sales were down by 1.2 per cent. The HMV CD and DVD chain in the UK and Ireland saw like-for-like sales rise by 2.2 per cent.

HMV enjoys bumper Christmas

International like-for-like sales were down by 3.7 per cent as Waterstone’s saw an 8.5 per cent fall.Total sales were up by 6.7 per cent, with HMV UK reporting a 14.6 per cent rise, boosted by a strong performance by Zavvi stores and temporary Christmas outlets.

Waterstone’s total sales were down 8.6 per cent reflecting like for like sales decline of 8.5 per cent.

Commenting, Chief Executive Simon Fox said:”As we approach the final part of our three-year plan to transform the Group, it is pleasing to report that HMV UK has enjoyed record trading for a third successive Christmas. Consequently, we remain confident in the outlook for the Group for the current financial year.” thanks Retail Bulletin


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