Cash Generator Reports Best Ever Christmas Trading
By Cash Generator, PRNEThursday, January 7, 2010
MANCHESTER, January 8 - National franchise retailer Cash Generator has released record
Christmas trading results, which were above expectations and the best in the
company's 15-year history.
The 110-strong high street retailer reports a like-for-like
increase of 6.6 per cent for retail sales and a growth of 16 per cent for
retail internet sales, for the six week period up to 2nd January 2010,
compared to the same period in 2009.
Sales of home technology products, such as flat screen
televisions and laptops, were very buoyant and aided by strong demand for
electronic games and toys. Other products proving popular during the festive
period included digital cameras, jewellery and musical instruments.
The company also enjoyed a bumper Christmas online, with
thousands of customers purchasing products online.
Commenting on the results, Julian Urry, managing director of
Cash Generator, said: "I am delighted with our Christmas performance. We have
enjoyed a busy six weeks of trading and performed well during the Christmas
period. This has ended the year on a high as have enjoyed year on year retail
sales growth throughout 2009.
"Our extensive range of desirable products at discount prices
provide excellent value, this combined with out strong customer service
continues to be popular with consumers.
"2009 has been a very productive and exciting year for Cash
Generator, as we opened our 100th store, plus an additional 23 new stores and
launched our own retail website. These tremendous achievements are
impressive, particularly in light of the challenging economic climate we have
operated in.
"Last year's buoyant trading was clearly a result of
consumers' continuing and growing appetite for great products at bargain
prices. 2010 looks set to be another strong year performance-wise for the
company. We have more than 20 new stores scheduled to open and expect to
announce record year end results at our year end, being 31st January 2010."
Established in 1994, Cash Generator is the UK's leading buy,
sell and loan store offering a top quality selection of pre-owned, brand new
and graded items for sale as well as instant cash for goods and a host of
highly competitive financial services such as Pawnbroking, Western Union,
Foreign Currency Exchange, Payday Loans and Cheque Cashing.
Gemma Carey, +44-(0)161-929-8700, gemma at mere.co.uk
Tags: Cash Generator, Manchester, United Kingdom
April 26, 2010: 4:37 am
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