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Figures not as bad as last reported, says entertainment retailer

HMV bullish despite weak sales

HMV’s retail sales dropped 8.2 per cent over Christmas.

It is obviously still a challenging time for the entertainment specialist, but the results are better than they were when the Group last updated the City in December.

The results are for the five weeks ending December 31st, 2011.

HMV’s improved performance is the result of an upturn in fortunes for music and film. Video games continues to remain challenging, while the company’s technology performance has grown dramatically. Sales of technology items were up 51 per cent for the five week period, again a stark improvement over December’s Interim Statement.

You can read the full story about HMV over on sister site MCV

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