RETAIL UPDATE: HMV enjoys 'best ever Christmas'

Total sales up 5.8 per cent for retailer as it defies consumer spending slowdown; but firm expects tough 2009.
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HMV has defied the odds on the High Street to pull off its biggest ever Christmas – enjoying a 5.8 per cent sales growth for the ten weeks to January 3rd.

Like-for-like growth was up three per cent on the same period in 2008.

The total HMV Group – which also owns books and entertainment store Waterstones – enjoyed a 2.9 per cent rise in sales, up half a per cent like-for-like.

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