Article: Zavvi hits upbeat note despite slump in Christmas music sales

SIR RICHARD BRANSON'S former Virgin Megastore business chain turned in an "excellent" performance over the crucial Christmas period despite a fall in music sales, its boss said.

Simon Douglas, who led the buy-out of the business, now renamed Zavvi, said the entertainment retailer bagged a 10.2 per cent increase in like-for-like sales for the four weeks to January coupled with a two per cent lift in margins.

Helping drive the performance were soaring sales - up 63 per cent - of games for consoles such as Nintendo's Wii and DS.

"When you consider the downbeat assessment of the high street from certain quarters, our trading performance over Christmas is very encouraging," said Mr Douglas, ...

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