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Dixons reports strong sales growth

Thursday 17 January 2013 21:00

Currys and PC World owner Dixons Retail has reported strong Christmas trade amid Comet’s demise and growing demand for tablet computers.

Sales across the group in the 12 weeks to 5 January we up 7% on the previous year, with sales UK and Ireland sales climbing 8%, despite the lure of fire-sale prices at Comet at the time.

Dixons said its profit margins had been squeezed during the reporting period, but put this down to a change in the mix of products that customers were buying - with low-margin tablet computers selling particularly well - rather than rising costs or price discounts.

Full-year profits would be £75m-£85m, the firm said.