M.Video Christmas sales up 39%

Russia-based M.Video reported retail sales for December 2010 totalled RUB17.2 billion (USD565 million), including VAT, which represents an increase of 39% in ruble terms versus the December 2009 performance. Like-for-like December sales increased by 18% as compared to 2009.

Alexander Tynkovan, President and CEO, said: “I am pleased to announce that in December we delivered very strong sales growth. New technology products continue to be the growth engine of the business in all core categories and we are well positioned through innovative product developments to look forward to a year of continued positive sales growth.”

Planet Retail