Jungle sales jump 40% in last 6 months
King of the swingers
Jungle.com's online sales grew 40 per cent to £16 million in the six months to 31 March.
The computer etailer's trading figures were published as part of the half year trading update from parent Great Universal Stores (GUS).
Ecommerce sales were over £50 million for the entire GUS group. Argos, GUS' leading retail business saw online sales grow by 300 per cent, but the company didn't say how much money this actually meant.
Overall, second half sales at Argos and Jungle.com, increased by 15 per cent over the same period last year. Excluding its Additions business and Jungle, Argos' sales grew by nine per cent.
More than 90 per cent of Jungle's business is IT equipment but it also sells videos and music. GUS bought the company in September 2000 for £37 million. It had recorded sales of £75 million for the year to 31 July 2000, and in February 2000 it had been valued at £700 million.
GUS has just put its ISP breathe up for sale less than four months after buying the outfit for £1.4 million. ®