Online shopping group Findel has reported sales at its Express Gifts division rose 10.8 per cent in the past six months.
The growth in the period to September 27 is an acceleration compared to the 8 per cent increase in the first 16 weeks of the financial year.
'Our investment in value and product range continues to yield increased total cash returns and contributed to an increase in customer numbers, which positions the business well as we move into the peak Christmas period,' the company said in a statement this morning.
Express Gifts includes catalogue and online businesses Studio, Ace and Health & Home. The division, which already has a sourcing hub in India, is expected to open an office in Shanghai in the coming weeks to broaden its range of products across the business.
Total sales at Findel, which also operates an educational supplies business, increased 5.2 per cent and operating profit in the period, to be announced next month, has increased.
Findel also said its Kitbag online sports business struggled in the period with sales dropping 6.7 per cent because of the absence of major sporting events such as last year's European Championships and the Olympics. Kitbag, which has implemented a turnaround strategy, is expected to report a loss for the period when complete performance figures are released next month.
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