Ottakar's looks to Christmas aft

<p>Ottakar's has identified 50,000 sq ft of retail space where it could open new stores next year. The potential for organic growth was highlighted at a briefing announcing the chain's interim results for the 26 weeks to-end 2nd August 2003.

Having increased in size by 33% with the acquisition of 24 Hammicks stores, Ottakar's posted losses before tax of &#163;2.9m, up from &#163;2.3m for the same period in 2002. But the retailer, which has a 6% market share, saw sales increase by 37% to &#163;57.5m (2002: &#163;41.9m). Like-for-like sales were up by 8.7% for the first half, or by 5.9% exclu...

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