HMV Group defied the retail sector gloom and posted robust Christmas trading figures. The music, games and book retailer announced a 9.4% increase in like for like sales for the five weeks ended 5 January 2008.
CEO Simon Fox added:
"Less than a year into our transformation programme the initiatives we are undertaking to revitalise our business have helped to deliver a highly successful Christmas. Having stabilised the business, we will continue to focus on revitalising our store propositions as well as growing the new channels to market and carefully managing margins and costs."