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Foschini nine-month sales up
FMCG SUPPLIER NEWS
IOL Business/ I-Net Bridge - Jan 21st, 08:19
Clothing retailer The Foschini Group (TFG) said on Friday group sales for the nine months to December increased by 11.4% from a year earlier‚ with same store sales growth of 5.6%.
Christmas trading was mixed across merchandise categories with group sales growth for December (December 2 to December 29) of 10.5% and same store growth of 4.7%.
Growths in the various merchandise categories for the nine months to December were as follows: clothing 12.5% (same store growth 6.1%); homeware 18.9% (same store growth 11.8%); cosmetics 11.4% (same store growth 8.0%); jewellery 7.6% (same store growth 3.6%) and cellphones 2.3% (same store growth -1.4%). Merchandise inflation for the period averaged 5.5%.
The company said sales post Christmas for the period December 30 to January 17 had been strong across all merchandise categories with group sales increasing by 19.8% and same store growth of 12.9%. - I-Net Bridge
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The Foschini GroupThe Foschini Group (TFG) is an investment holding company operating in the retail and financial services segments within southern Africa. The Group trades primarily in South Africa with retail turnover emanating from Botswana, Swaziland and Namibia a...Click here to read more about The Foschini Group |
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