HMV recovery boosted by festive sales

Music retail chain and Waterstone’s owner HMV provided some good retail news today after reporting a 9.4% like-for-like sales jump.

The company’s music and entertainment arm, HMV UK and Ireland, enjoyed a double-digit same-store sales rise of 14.1% for the five weeks to January 5, with total sales up 16.1%. Book retailer Waterstone’s saw like-for-like sales up 4%, although total sales were up by just 0.5%.