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Littlewoods profits set to double this year

Littlewoods is set to double profits to £50 million in the year to April 31, driven by strong growth in online sales.

Group sales are expected to reach £1.7 billion for the year.

The etailer and home shopping group said online sales will account for more than half of group turnover by Christmas, up from 42% the previous year.

Online sales are forecast to reach £500m this year. Group chief executive Mark Newton-Jones said: "The business is fast becoming an internet retailer, not a mail order business."

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