Cash Generator Reports Best Ever Christmas Trading
MANCHESTER, January 8 /PRNewswire/ -- 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.
SOURCE Cash Generator