Feeds

Jungle sales jump 40% in last 6 months

King of the swingers

  • alert
  • submit to reddit

Remote control for virtualized desktops

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. ®

Related Stories

Rumble in the Jungle.com
GUS buys Jungle for £37 million
GUS to sell breathe

Beginner's guide to SSL certificates

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Choosing a cloud hosting partner with confidence
Download Choosing a Cloud Hosting Provider with Confidence to learn more about cloud computing - the new opportunities and new security challenges.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.