Catalogue group Redcats, part of French retail
group PPR, posted a sales decline of 0.5 percent in the first
quarter. The dip actually represents a sales improvement-its
La Redoute business for example, achieved a 5
percent sales growth outside of France during the quarter, whilst
in Scandinavia Redcats grew sales by 1 percent. Online sales were
particularly strong in the period and now account for 51 percent
of total sales in the quarter.
Total sales at HMV UK and Ireland fell 8.2
percent and like-for-like sales slumped 13.2 percent in the 16
weeks ended 24th April. At sister company
Waterstone’s, sales fell 4.3 percent, with
like-for-likes down 4.8 percent. For the whole year, total sales
at HMV Group rose 1.8 percent, which includes a like-for-like
decline of 4.3 percent.
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