HMV LFL’s rise
DVD growth stronger than expected
Total Group sales were up 12.2% for the 18 weeks ended 1 September 2007, with
like for like sales up 5.8%. At HMV UK & Ireland, total sales were up 12.5% over the same 18-week period, including like for like growth of 9.6%. Waterstone’s, like for like sales were up 2.7% during the 18-week period driven by sales of Harry Potter. Carl Symon, HMV Group plc Chairman, will said “The Group has made a pleasing start to the current financial year, with good momentum in sales, margins and cost management. Solid progress is being made on
our strategic plans announced in March, including a successful disposal of HMV Japan for a consideration which the Board believes represents best value for our shareholders. Furthermore, this week, HMV UK is opening its first ‘next generation’ store trials and Waterstone’s customer loyalty card is being
launched nationally”
