HMV buys 7digital stake
In its trading update today , HMV said it had seen a 12.5 per cent rise in salesvin the 18 weeks to August 29. as the retailer continued to benefit from the stores it bought from Zavvi.
Like-for-like sales were up 1.7% for the 18 weeks ending August 29. Comparable sales at Waterstone's were down by 3.4 per cent and underlying sales overall were down 1.8 per cent.
Simon Fox, HMV Group plc Chief Executive, said: 'In a tough consumer environment, the Group has made a solid start to the new financial year. Our plans for the peak selling period are in good shape, and with a strong line-up across all product categories our focus is on providing our customers with the very best offers for Christmas.
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