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Birmingham Post
Birmingham Post
Business
Tom Pegden

Demand for low energy appliances drives festive growth at Marks Electricals

The CEO of Marks Electrical says the business saw record sales in the build-up to Christmas, helped by demand for energy efficient appliances, televisions and fridges.

Sales of A-rated items such as heat pump tumble dryers helped the online retailer grow sales by a third in the three months to Christmas, compared to a year earlier. Revenues for the period were £29.7 million.

Founder and chief executive Mark Smithson said the group was on track to achieve its full year targets, while bigger competitors such as AO had seen year-on-year revenues fall for the same three months.

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