LONDON (dpa-AFX) - Dixons Retail Plc (DXNS.L) said total group sales were up 4% for 16 weeks ended 28 April 2012. Like for like sales grew 5% for the final quarter.
Good performances in UK & Ireland and Northern Europe, trading ahead of their markets, and ending the year strongly with like for likes up 8% and 10% respectively in the final quarter, the company noted.
Group underlying total sales were flat and like for like sales were down 3% in the full year.
Sebastian James, Chief Executive, commented,
'Our overall Group performance across the year has been slightly better than we anticipated. We saw a strong end to the year particularly in the UK and Nordics, and it is good to see the work that we have been doing to improve the ranging and service bearing fruit as more customers are choosing us over our competitors. However, in Southern Europe our businesses have been impacted by the weaker economic environments and issues in the Eurozone...
...The consumer environment remains uncertain in many of our markets and we continue to plan cautiously and manage costs aggressively. Overall, though, our business is in a strong position for the year ahead and we are looking forward to an exciting summer of sporting activities and celebrations.'
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© 2012 AFX News
