• Text size      
  • Send this article to a friend
  • Print this article

Solid Christmas for pawnbroker H&T

A SURGE in demand for second-hand jewellery over Christmas has helped Britain's biggest pawnbroker weather crashing gold prices as high street sales leapt higher.

H&T Group said it saw buoyant trade over the festive quarter, with like-for-like sales rising 56% across its 194 stores in the last three months of the year and gross profits up 18%.

This compares with a 12% drop in retail sales in the previous six months.

H&T confirmed annual profits were in line with market expectations ins pite of suffering a "material" hit from a 29% plunge in the price of gold in 2013.

Rival Albemarle & Bond put itself up for sale after dire trading caused by the slump in prices and rising competition in the sector.

Contextual targeting label: 
Business

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.

204318