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January 10, 2002

UK: House Of Fraser Posts Sales Jump

British department store chain House of Fraser revealed an anticipated 7.2 per cent rise in Christmas sales on Thursday and said it was optimistic consumers would continue splashing the cash during 2002. The high street retailer said total sales were up 9.6 per cent during the seven week Christmas trading period when compared to the previous year and that gross profit margins kept growing, driven by reduced discounting levels.

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