Phones 4u like-for-like sales up 15.8% in December
Mobile phone retailer Phones 4u has reported a 15.8% increase in like-for-like sales in December 2012. Total sales in the month rose 23.3% to Â£121.6 million.
For the full year total sales were up 20.7% with full-year like-for-like sales up 11.9%. Online sales grew strongly with revenue up 47.3% in December year-on-year and up 73.2% for the full year.
Phones4u said the strong growth was primarily driven by contract volumes which were up 34.8% year-on-year in December and up 26.8% for the full year.
Tim Whiting, group chief executive, said: "Phones 4u is focused on giving customers excellent choice and value, and we continue to trade well in challenging market conditions.
"Our impressive Christmas numbers are reflective of consistently strong performance throughout 2012 as we continue to grow market share, especially amongst customers looking for the latest high-end smartphones purchased on contracts."
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