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Robert Dyas posts 6.3% jump in Christmas sales Friday, 6th January 2012
It’s good news for Robert Dyas, who has posted a jump in like-for-like sales in the weeks running up to Christmas.
The hardware retailer said VAT-inclusive like-for-likes rose 6.3 per cent in the 24 weeks to 24 December and by 7.4 per cent in the four weeks to Christmas.
In the year to date from March 2011, combined store and internet like-for-likes advanced 4.2 per cent. For the four week run up to Christmas the retailer saw internet sales surge 46.2 per cent.
Chief executive Graham Coles said: “Our core ranges, such as consumable products and cookware were particularly strong. For our customers it seems to have been a Christmas where value for money and our helpful and practical product ranges have proven attractive.”
“As with many other retailers our internet sales have proven particularly strong, but this should not obscure the substantial advances achieved right across our traditional high street retail stores.”
It is hoped the performance could bring renewed interest from Robert Dyas’s backers, Lloyds Banking Group and Allied Irish Bank in making an exit, after a sale process was put on hold last year until the retailer’s Christmas performance was announced.