Despite the difficult retail climate, Aurum Holdings’ sales for the eight weeks to 13 January were up nine per cent on a like-for-like basis.
Each of the company’s watch portfolios reported strong performances across all key watch brands, while diamond brand Canadian Ice performed “outstandingly” within Goldsmiths.
Furthermore, the strength of the Christmas period was driven by improved product availability and online growth, with ‘click and collect’ services remaining popular with consumers.
Based on the results, the company expects to report a strong increase in EBITDA for the year ending 3 February 2013.
Aurum Holdings’ CEO Justin Stead remarked: “Despite a challenging economic and trading environment, we have achieved another very strong performance over the festive period. I would like to congratulate the entire Aurum team and our Partners on a terrific result. These results show that our strategy to constantly improve our product offering, online position and customer experience has been a success and one which we will continue to implement in 2013 to deliver significant growth.”