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03-Oct-2017
(Official Notice)
Truworths? shareholders are advised that the company?s annual compliance report prepared pursuant to section 13(G)(2) of the Broad-Based Black Economic Empowerment Act No. 53 of 2003 is available on the company?s website (www.truworths.co.za).
29-Sep-2017
(Official Notice)
17-Aug-2017
(C)
21-Jul-2017
(Official Notice)
07-Mar-2017
(Official Notice)
The board of Truworths advises in terms of paragraph 3.59 of the JSE Listings Requirements that it has been informed by Mr Khutso Mampeule, an independent non- executive director of the company, that he will be resigning from this position with effect from 31 March 2017.Mr Mampeule has advised that a reconsideration of his business commitments and personal priorities has lead him to this decision, which he believes is also in the interests of the company.

24-Feb-2017
(Official Notice)
Truworths advises shareholders that following the announcement by the South African Minister of Finance on 22 February 2017, the dividend tax rate has been increased from 15% to 20%, with effect from 22 February 2017. Shareholders are referred to the company?s unaudited group interim report for the 26 weeks ended 25 December 2016, released on SENS on 16 February 2017 (?Results?), wherein the directors of the company declared a gross cash dividend of 270 cents per share.



In light of the above, shareholders are advised that the net dividend payable, after deduction of dividend tax at the rate of 20%, will therefore be 216 cents per share for shareholders who do not qualify for an exemption from or reduction in such tax.



All other information contained in the Results remains unchanged.
16-Feb-2017
(C)
Revenue for the interim period increased by 21% to R10.9 billion (2015: R9 billion), gross profit jumped 18% to R5.3 billion (2015: R4.5 billion), trading profit weakened by 2% to R1.769 billion (2015: R1.814 billion), while profit attributable to equity holders of the company lowered to R1.678 billion (2015: R1.683 billion). Furthermore, headline earnings per share came in at 392.6 cents per share (2015: 405 cents per share).



Dividend

The directors of the company have resolved to declare a gross cash dividend from retained earnings in respect of the 26-week period ended 25 December 2016 in the amount of 270 cents per share (2015: 270 cents per share) per ordinary share to shareholders reflected in the company's register on the record date, being Friday, 10 March 2017.



Outlook

South Africa: Truworths

Slow economic growth and pressure on the disposable incomes of consumers will impact trading conditions, which are likely to remain challenging in the short term. The affordability assessment regulations continue to limit our ability to open new accounts and grow credit sales. The Group has taken action in an attempt to mitigate to some extent the impact of these regulations.



Retail sales growth for the second half of the 2017 financial period will benefit from the lower base recorded in the second half of the 2016 financial period. Product inflation is also anticipated to reduce in the second half to high single-digit levels. Truworths' retail sales since the interim period-end until 14 February remained unchanged over those for the comparable period in 2016.



United Kingdom: Office

The trading environment in the United Kingdom is faced with uncertainty and low economic growth prospects. The integration of the Office business into the Group will continue during the balance of the 2017 financial period and further benefits are expected to be realised from strategies already implemented, including improved inventory turn as well as more effective systems and processes. Product inflation is anticipated to average 2% for the financial period.



Office's retail sales since the interim period-end until 14 February increased by 9% in Pound Sterling over those for the comparable period in 2016.
17-Jan-2017
(Official Notice)
Truworths advises shareholders that the company has appointed Merchantec Capital Namibia (Pty) Ltd. as NSX Sponsor to the Company, replacing Old Mutual Investment Services (Namibia) (Pty) Ltd., with effect from 17 January 2017.

12-Jan-2017
(Official Notice)
03-Nov-2016
(Official Notice)
Truworths advised that at the annual general meeting (?AGM?) of the company?s shareholders (?shareholders?) held on Thursday, 3 November 2016, all the ordinary and special resolutions, as set out in the notice of AGM dated 18 August 2016, were approved by the requisite majority of shareholders present or represented.



The required special resolutions are not required to be lodged with the Companies and Intellectual Property Commission.
03-Nov-2016
(Official Notice)
In the business update published by the company , the first 18 trading week period of the 2017 financial year was incorrectly stated as having commenced on 27 July 2016. The relevant paragraph should have read ?Against this background and rising inflation in the economy, especially in food prices, which is placing further pressure on consumers, the Group announces that Group retail sales for the first 18 trading weeks (i.e. from 27 June 2016 to 30 October 2016 of the 2017 financial period) (?the period?) increased by 39% to R6.2 billion relative to the corresponding prior 18-week period (29 June 2015 to 1 November 2015) (?the prior period?).?
03-Nov-2016
(Official Notice)
In its 2016 Preliminary Report published on 18 August 2016, Truworths (the ?Group?) indicated that it expected the trading environment to remain challenging during the 2017 financial period owing to the high base established in the previous year, slow economic growth, high inflation in product prices due to the weakened currency, and the significantly negative impact of the new affordability assessment regulations introduced in September 2015.



Against this background and rising inflation in the economy, especially in food prices, which is placing further pressure on consumers, the Group announces that Group retail sales for the first 18 trading weeks (i.e. from 27 July 2016 to 30 October 2016 of the 2017 financial period) (?the period?) increased by 39% to R6.2 billion relative to the corresponding prior 18- week period (29 June 2015 to 1 November 2015) (?the prior period?).



Credit sales which comprised 49% of retail sales (2016: 69%) for the period, decreased by 1% and cash sales increased by 130% relative to the prior period. These results are inclusive of the non-comparable retail sales of Office, which was acquired with effect from 4 December 2015. The reason for the material change in the credit:cash sales metric is that Office generates cash sales only.



Excluding the retail sales recorded by Office, which was acquired subsequent to the prior period-end, retail sales for the period decreased by 1% to R4.4 billion relative to the prior period (prior period growth 16%, excluding acquisitions), cash sales decreased by 1% (prior period growth 14%, excluding acquisitions) and credit sales decreased by 1% (prior period growth 16%, excluding acquisitions). Credit sales comprised 70% of these retail sales for the period. Like-for-like store retail sales, which exclude those attributable to Office, decreased by 5%, whilst product inflation averaged 16%.



Office recorded retail sales for the period of GBP97.3 million (R1.8 billion), up 1.4% relative to the prior period?s GBP95.9 million.



The Group?s trade receivables book increased by 6% to R5.7 billion relative to the prior period-end.



The Group?s interim results for the 26-week period ending 25 December 2016 are scheduled for release on or about Thursday, 16 February 2017.
23-Sep-2016
(Official Notice)
Further to the audited preliminary report published on the JSE news service SENS on 18 August 2016 in respect of the Group's audited results for the 52 week period ended 26 June 2016, Truworths advises that its 2016 integrated annual report, which incorporates a summary of the Group?s audited annual financial statements for the period, is scheduled to be published on Monday, 26 September 2016 on the Group?s website: www.truworths.co.za\investors.



The Group?s 2016 audited preliminary report, which incorporates a summary of the Group?s annual financial statements for the period, together with the notice of the company?s annual general meeting and proxy form, were being posted to certificated and dematerialised shareowners that are registered as shareholders, as well as to dematerialised shareowners that are not registered as shareholders but have elected to receive such reports. The said preliminary report and annual general meeting notice have been published on the Group?s website: www.truworths.co.za\investors, as have the Group?s full audited 2016 annual financial statements.



Non-Publication of Abridged Report

As the audited 2016 annual financial statements contain no changes relative to the information that was contained in the audited preliminary report published on SENS, the Group is not required to publish an abridged report as contemplated in paragraph 3.21 of the Listings Requirements of the JSE.



Shareowners are advised that the information contained in the audited preliminary report was extracted from the Group's audited 2016 annual financial statements, which themselves had been audited by Ernst - Young Inc, the Group's independent auditors, by the date of issue of the preliminary report. Since that date their unqualified audit reports have been available for inspection at Truworths' registered office.



Notice of Annual General Meeting

Shareowners are advised that the annual general meeting of Truworths' shareholders is scheduled be held in the auditorium at its registered office, being No.1 Mostert Street, Cape Town, South Africa on Thursday, 3 November 2016 at 09h30, to transact the business set out in the notice of the meeting, which notice is contained in the both the Group's 2016 integrated annual
19-Sep-2016
(Official Notice)
15-Sep-2016
(Official Notice)
06-Sep-2016
(Official Notice)
23-Aug-2016
(Official Notice)
18-Aug-2016
(C)
15-Jul-2016
(Official Notice)
Truworths International Ltd (the 'Group') announces that group retail sales for the period ended 26 June 2016 ('the period') increased by 46.1% to R17.0 billion compared to an 8.2% increase in the prior period ended 28 June 2015 ('the prior period'). These results are inclusive of the non-comparable sales of the Office, Earthchild and Naartjie businesses, which were acquired with effect from 4 December 2015, 1 March 2015 and 1 April 2015 respectively. Credit sales comprised 53% of retail sales (2015: 70%) for the period, with credit sales increasing by 11% and cash sales increasing by 130% relative to the prior period. The reason for the material changes in the credit:cash metrics is that Office generates solely cash sales.



Excluding the sales recorded in both the period and the prior period by the acquired businesses, retail sales for the period increased by 11.3% to R12.8 billion relative to the prior period, with cash sales growth of 15.4% and credit sales growth of 9.7%. Credit sales, excluding those in both periods attributable to the acquired businesses, comprised 70% of these retail sales for the period. Office recorded retail sales for the period since acquisition of ?169 million (R3.75 billion).



Like-for-like store retail sales, which exclude those in both periods attributable to the acquired businesses, increased by 7.3%. Trading space increased by 3.8% (excluding the space increase in both periods attributable to the acquired businesses) and product inflation averaged 9.5% for the period.



The group's trade receivables book increased by 11.7% to R5.8 billion relative to the prior period-end.



Shareholders are advised that this trading update does not constitute an earnings forecast, and that the financial information provided herein has neither been reviewed nor reported on by the group's external auditors. The group's audited results for the period are scheduled for release on or about Thursday, 18 August 2016.

29-Mar-2016
(Official Notice)
10-Mar-2016
(Official Notice)
Treatment:

The default option to shareholders is shares, with a cash alternative. This scrip dividend will therefore be applied as a capitalisation issue in the capital index.



Should you require further information, please refer to the FTSE Corporate Actions and Events Guides available at the link below or contact Indices on +27 11 520 7137 or indices@jse.co.za. Subscribers who require additional information on this event should refer to the Five Day Tracker. For a data subscription, please contact MDClients@jse.co.za.



09-Mar-2016
(Official Notice)
29-Feb-2016
(Official Notice)
18-Feb-2016
(C)
27-Jan-2016
(Official Notice)
Truworths announced that it expects that Group fully diluted headline earnings per share (?HEPS?) for the 26 weeks to 27 December 2015 (?the period?) will increase by between 19% and 23%, to between 396.7 cents and 410.1 cents, relative to the fully diluted HEPS of 333.4 cents reported for the corresponding prior period.



These expected results include those of the recently acquired Office, Earthchild and Naartjie businesses. Office is the UK-based cash retailer of footwear in which an 89% stake was acquired by the Group on 4 December 2015. The expected HEPS are after once-off fees and expenses of R129.4 million relating to the acquisition.



Shareholders are advised that this trading statement does not constitute an earnings forecast, and that the financial information provided has neither been reviewed nor reported on by the Group?s external auditors. The Group?s interim results for the period are scheduled for release on or about Thursday, 18 February 2016.
14-Jan-2016
(Official Notice)
Truworths International (the Group) announces that Group retail sales for the period increased by 36.0% to R8.5 billion, relative to the corresponding prior period. These results are inclusive of the non-comparable sales of the recently acquired Office, Earthchild and Naartjie businesses. Office is the UK-based cash retailer of footwear in which an 89% stake was acquired by the Group on 4 December 2015. Relative to the corresponding prior period, Group cash sales grew by 85.2% and Group credit sales by 15.8%, with Group credit sales comprising 60% of Group retail sales during the period.



Excluding the sales recorded by Office, Earthchild and Naartjie, retail sales for the period increased by 15.0% to R7.2 billion relative to the corresponding prior period, with cash sales growth of 15.8% and credit sales growth of 14.7%



Like-for-like store retail sales, which exclude those attributable to the three acquired businesses, increased by 10.2% for the period, whilst product inflation averaged 9%. Exclusive of the retail sales attributable to Office, Earthchild and Naartjie, credit sales comprised 71% (2014: 71%) of retail sales during the period.



Gross trade receivables in respect of the debtors? book increased to R 6.1 billion and were 15% higher than at the corresponding prior period-end. The percentage of active account holders able to purchase remained at 86% compared to the corresponding prior period-end.



The Group?s interim results for the period are scheduled for release on or about Thursday 18 February 2016.
04-Dec-2015
(Official Notice)
The board of the company announces, in terms of paragraph 3.59 of the JSE Listings Requirements, that Jean-Christophe Garbino has decided to resign as an executive director of the company and as chief executive officer (designate) of the Truworths. The board has accepted this resignation and wishes Mr Garbino success as he explores new opportunities. The resignation is effective immediately.



The board further announces that the current chief executive officer Michael Mark has committed to remain in this role until December 2017. The board confirms that the group?s strategy of pursuing organic growth and acquisition opportunities will continue under the capable, experienced and respected leadership of Mr Mark.
30-Nov-2015
(Official Notice)
06-Nov-2015
(Official Notice)
Truworths advises that at the annual general meeting (AGM) of the company?s shareholders (shareholders) held on Thursday, 5 November 2015, all the ordinary and special resolutions, as set out in the notice of AGM dated 28 September 2015, were approved by the requisite majority of shareholders present or represented. The required special resolutions are not required to be lodged with the Companies and Intellectual Property Commission (CIPC).



The Truworths shares in issue eligible to vote at the AGM was 419 280 005 (Voteable Shares). This number is calculated as the total number of Truworths shares in issue, less treasury shares as defined in the JSE Listings Requirements. The number of Truworths shares represented at the AGM either by shareholders personally present, or through letters of representation and by proxy, was 319 496 590, representing 76.2% of the shares in issue eligible to vote.

05-Nov-2015
(Official Notice)
Truworths International (the Group) announces that retail sales for the first 18 trading weeks to 1 November 2015 of the 2016 financial period increased by 19% to R4.4 billion, relative to the corresponding prior period, with cash sales growth of 25% and credit sales growth of 17% including non-comparable retail sales for Earthchild and Naartjie.



Excluding the retail sales recorded by the Earthchild and Naartjie businesses that were acquired subsequent to the corresponding prior period, the Group retail sales for the period increased by 16% to R4.3 billion.



Like-for-like store retail sales, which exclude Earthchild and Naartjie retail sales, increased by 10% for the period, whilst product inflation averaged 7%. Credit sales comprised 69% of retail sales (2014: 71%) during the period. Credit sales excluding retail sales attributable to the Earthchild and Naartjie businesses comprised 71% of retail sales during the period.



Gross trade receivables increased to R 5.4 billion and were 15% higher than at the corresponding prior period-end. The percentage of active account holders able to purchase is at 85% compared to 84% in the corresponding prior period.



The Group will continue to utilise its extensive experience to manage the risk of fashion through its proven merchandise design and buying processes and manage credit risk through continuing to apply strategies to ensure the on-going health of the debtors? book.



Shareholders are advised that this update does not constitute an earnings forecast, and that the financial information provided has neither been reviewed nor reported on by the Group?s external auditors. The Group?s interim results for the 26 week period ending 27 December 2015 are scheduled for release on or about 18 February 2016.
27-Oct-2015
(Official Notice)
Further to the cautionary announcement published on SENS on 14 September 2015, Truworths shareholders are hereby advised that the Company?s negotiations regarding a potential acquisition of Office Retail Group Limited (?Office?) are still in progress.

Office is a fashion footwear retailer based primarily in the United Kingdom offering men?s, women?s and sports footwear at the mid-level price range. Office?s selection of footwear comprises both third party brands and its own brands, and the business currently operates from approximately 150 sites.



Whilst no binding offer has been made, nor has any transaction been concluded with Office or its shareholders, the Company is currently conducting a due diligence investigation into the business of Office. Truworths shareholders are accordingly advised to exercise caution when dealing in the Company?s shares until a further announcement is made.
28-Sep-2015
(Official Notice)
15-Sep-2015
(Media Comment)
According to Business Report, Truworths International has started talks to acquire the UK-based Office Retail Group. Truworths indicated that it was in preliminary non-binding negotiations regarding the potential acquisition of Office Retail Group, a fashion footwear retailer based primarily in the UK and offering mens, womens and sports footwear at the mid-level price range. Truworths added that no binding offers had been made, neither had any transaction been concluded. No further details were offered.
14-Sep-2015
(Official Notice)
Truworths shareholders are hereby advised that it has entered into preliminary non-binding negotiations regarding a potential acquisition of Office Retail Group Ltd. (?Office?).



Office is a fashion footwear retailer based primarily in the United Kingdom offering men?s, women?s and sports footwear at the mid-level price range. Office?s selection of footwear comprises both third party brands and its own brands, and the business currently operates from approximately 150 sites.



No binding offer has been made, neither has any transaction been concluded with Office or its shareholders. Truworths shareholders are accordingly advised to exercise caution when dealing in the company?s shares until a further announcement is made.
20-Aug-2015
(C)
Revenue for the year increased by 8% to R12.6 billion (R11.6 billion) and gross profit was 7% higher at R6.2 billion (R5.8 billion). Trading profit lowered by 1% to R2.373 billion (R2.408 billion). Profit for the period attributable to shareholders increased marginally to R2.460 billion (R2.406 billion). In addition, headline earnings per share gained 3% to 593.8 cents per share (576.8 cents per share).



Final dividend

The directors of the company have resolved to declare a gross cash dividend from retained earnings in respect of the 52-week period ended 28 June 2015 in the amount of 169 South African cents (2014: 169 cents) per ordinary share to shareholders reflected in the company's register on the record date, being Friday, 11 September 2015.



Prospects

Management feels that the credit environment is steadily improving despite the current tough economic environment, and are optimistic that the Group's merchandise ranges for the upcoming summer season are appealing to customers. The Group's business model has withstood the downturn in the credit cycle well.



Retail sales (excluding Earthchild and Naartjie) for the first seven weeks of the 2016 financial period reflect an encouraging increase of 15% over the corresponding seven weeks in the prior period. This increase has been underpinned by very good sales growth on current season merchandise with gross profit increasing 18%, whilst markdowns on prior season merchandise have decreased by 0.2% over the corresponding seven-week period. Capital expenditure of R767 million has been committed for the 2016 financial period. Product inflation is anticipated to average between 8% and 10% in the 2016 financial period and trading space is planned to grow by approximately 4% (including Earthchild and Naartjie)

16-Jul-2015
(Official Notice)
Truworths (the Group) announces that it expects that Group diluted headline earnings per share for the 52-week period ended 28 June 2015 (the period) will increase between 2% and 4%, to between 580.7 cents and 592.1 cents, relative to the corresponding prior period (the prior period).



Group retail sales for the period increased by 8.2% to R11.6 billion compared to a 6.8% increase in the prior period. Retail sales in the second half of the period increased 12.0%, against the first half increase of 5.2%.



Excluding the retail sales recorded by the recently acquired Earthchild and Naartjie businesses, Group retail sales for the period increased by 7.2% to R11.5 billion. Second half retail sales increased 9.8% compared to the first half increase of 5.2%.



Credit sales comprised 70% of retail sales (2014: 71%) during the period, with credit sales increasing 10.6% in the second half and 5.4% in the first half.



Like-for-like store retail sales increased 4.2% in the second half of the period after decreasing by 0.8% in the first half, bringing the full period increase to 1.3%.



Trading space increased by 7.7% (6.1% excluding the space increase attributable to the businesses acquired) and product inflation averaged 5.6% for the period.



At the end of the period the Group?s trade receivables book had increased by 10.8% to R5.2 billion relative to the prior period-end. Management has continued to manage credit risk through applying strategies aimed at ensuring the good health of the book.



The above results, unless otherwise stated, include the results of the Earthchild and Naartjie businesses with effect from 1 March 2015 and 1 April 2015 respectively, following the Competition Commission approval of the acquisitions.



The Group?s final audited results for the period are scheduled for release on or about Thursday 20 August 2015.
19-Feb-2015
(C)
Revenue for the period increased by 6% to R6.7 billion (2013: R6.3 billion). Gross profit rose by 3% to R3.3 billion (2013: R3.2 billion), trading profit decreased by 5% to R1.4 billion (2013: R1.5 billion), while profit for the period fully attributable to owners of the parent remained the same at R1.4 billion (2013: R1.4 billion). Furthermore, headline earnings per share was lower at 334.5cps (2013: 335.8cps).



Dividend

The directors of the company have resolved to declare a gross cash dividend from retained earnings in respect of the 26-week period ended 28 December 2014 in the amount of 236 cents (2013: 216 cents) per share to shareholders.



Prospects

The trading environment is expected to remain difficult for the remainder of the 2015 financial period and the Group will continue to utilise its extensive experience to manage the risk of fashion through its proven merchandise design and buying processes, and manage credit risk through the ongoing application of strategies to ensure the health of the debtors' book. The Group expects to begin to benefit from the intended acquisitions and the ongoing expansion into the rest of Africa. Retail sales for the first seven weeks of the second half of the 2015 financial period increased by 10% over those for the comparable period in 2014. The board remains committed to investing appropriately for longer-term growth, with trading space planned to increase approximately 6% for the 2015 financial period, and by approximately 5% in the 2016 financial period.

13-Jan-2015
(Official Notice)
Truworths International Limited (the ?Group?) announces that Group retail sales for the first 26 weeks (30 June 2014 until 28 December 2014) (the ?Period?) of the 2015 financial period increased by 5.2% to R6.2 billion over the prior corresponding period (i.e. 30 June 2013 until 28 December 2013), with credit sales growth of 5.4% and cash sales growth of 4.7%. Credit sales comprised 71% of retail sales (2014: 71%) during the period.



Product inflation averaged 5.8%, and trading space increased by 6.9% relative to the prior corresponding period. Like-for-like retail sales declined by 0.8 percent compared to the prior corresponding period. The trade receivables book has increased by 8.5% over the prior corresponding period-end to R5.4 billion.



The Group continues to utilise its extensive experience to manage the risk of fashion through its proven merchandise design and buying processes, and manage credit risk through the ongoing application of strategies to ensure the health of the debtors? book. Shareholders are advised that this update does not constitute an earnings forecast, and that the financial information provided has neither been reviewed nor reported on by the external auditors. The Group?s interim results for the period are scheduled for release on or about Thursday, 19 February 2015.

27-Nov-2014
(Official Notice)
Truworths advises that it has entered into an agreement with ZA One (Proprietary) Limited (Naartjie) and its USA holding company to acquire the SA based Naartjie business as a going concern, together with certain trademarks, subject to certain conditions precedent. The agreement has been formally sanctioned by the USA courts, given that the holding company is in the course of bankruptcy proceedings.



Naartjie is a retailer of fashionable children?s clothing and associated apparel under the Naartjie brand. The business was founded in Cape Town, South Africa in 1989 and the brand embraces bright, colourful, kid-friendly clothes. Naartjie designs and sells ranges of clothing, accessories and footwear for newborn to 10 year old children from a network of 26 stores in premier shopping malls throughout South Africa. The proposed acquisition is conditional upon obtaining the required regulatory approvals, amongst other conditions. The transaction falls below the threshold of a categorised transaction in terms of the JSE Listings Requirements, and the parties have agreed not to disclose the purchase consideration, which is to be settled in cash. The effective date of the acquisition is expected to be in the first quarter of 2015.



Truworths will periodically provide further information to investors on the proposed acquisition during the course of the coming months.

07-Nov-2014
(Official Notice)
Truworths advises that at the annual general meeting of the company's shareholders held on Thursday, 6 November 2014, all the ordinary and special resolutions, as set out in the notice of AGM dated 21 August 2014, were approved by the requisite majority of shareholders present or represented.



The required special resolutions are not required to be lodged with the Companies and Intellectual Property Commission (CIPC).



The Truworths shares in issue eligible to vote at the AGM was 418 243 803. This number is calculated as the total number of Truworths shares in issue, less treasury shares as defined in the JSE Listings Requirements.



The number of Truworths shares represented at the AGM either by shareholders personally present, or through letters of representation and by proxy, was 320 845 929, representing 76.71% of the shares in issue eligible to vote.



06-Nov-2014
(Official Notice)
In the Group's 2014 preliminary report published on 21 August 2014, the Group predicted that the trading and credit environment would remain challenging during the 2015 financial year.



Against this background the Group announces that retail sales for the first 18 trading weeks (30 June to 2 November 2014) of the 2015 financial year increased by 4.7% to R 3.7 billion, relative to the corresponding prior period, with cash sales growth of 5.4% and credit sales growth of 4.5%.



Gross trade receivables increased to R 4.7 billion and were 9% higher than at the prior corresponding period-end, principally as a consequence of the ongoing transition by account customers to 12 month interest bearing payment plans. In these tough market conditions, the Group will utilise its extensive experience to manage the risk of fashion through its proven merchandise design and buying processes, and manage credit risk through continuing to apply strategies to ensure the ongoing health of the debtors' book.



Shareholders are advised that this update does not constitute an earnings forecast, and that the financial information provided has neither been reviewed nor reported on by the Group's external auditors. The Group's interim results for the 26 week period ending 28 December 2014 are scheduled for release on or about 19 February 2015.

06-Nov-2014
(Official Notice)
The board advised in August 2014 that Michael Mark, who has served the Group as CEO for 23 years with distinction, leading it from a niche retailer to one of South Africa's most established and successful apparel retailers, had decided not to renew his contract which expires at the end of June 2015. The board had embarked on a CEO succession process using international search consultants and is delighted to advise that Jean-Christophe Garbino has been appointed CEO Designate of the Group with effect from March 2015.



Jean-Christophe is the 45 year old CEO of the prominent Kiabi fashion retail group in France having been in its employ since 1992. He was appointed CEO of Kiabi in 2007 after successfully serving as General Manager for Spain, and since then the retail group has grown from 200 stores in three countries to over 450 stores in 8 countries across Europe and Russia.



Kiabi is an omni-channel fashion retail chain which sells commercially priced fashion apparel to ladies, men and children. It employs more than 7500 people and delivered revenue of approximately Euro 1.5bn in its most recent reporting period.



Jean-Christophe will work closely with Michael, who will continue in his role as the Group's CEO and support the transition process for as long as is necessary. It is envisaged that Michael will continue to serve on the Truworths International Ltd board after his retirement as CEO.



Further announcements in this regard will be made in due course.

30-Oct-2014
(Official Notice)
Truworths is aware that some South African shareholders, who have not elected to receive the company's communications electronically, may not have received the printed notice of the company's annual general meeting ("AGM") by mail delivery, due to ongoing industrial action that is impacting postal services.



Truworths' shareholders are reminded that the AGM of the company will be held in the auditorium at its registered office, being No.1 Mostert Street, Cape Town, South Africa on Thursday, 6 November 2014 at 08h30 as per the SENS announcement released on Friday, 26 September 2014. Truworths advises that the notice of the AGM and the relevant form of proxy appear in its 2014 integrated annual report that is available on the Group?s website: www.truworths.co.za under the investor relations tab.
07-Oct-2014
(Official Notice)
Truworths advised that it has signed a letter of intent with the shareholders of Earthchild Clothing (Waterfront) (Pty) Ltd. ("Earthchild") to acquire 100% of their shares in Earthchild, subject to certain conditions precedent.



Earthchild is a retailer of fashionable children's and ladies clothing and associated apparel under the Earthchild and Earthaddict brands. A relaxed natural philosophy is at the heart of both brands, and the company manages a network of 43 stores in premier shopping malls and retail districts throughout South Africa. Founded in 1994, Earthchild operates from a design and distribution centre headquartered in Cape Town, and has grown its retail presence markedly in the past four years by leveraging its brand values of quality, comfort, natural organic fabrics and social responsibility.



The proposed acquisition is conditional upon satisfactory findings from a due diligence investigation, the execution of written agreements typical of a transaction of this nature and the required regulatory approvals, amongst other conditions. The transaction falls below the threshold of a categorised transaction in terms of the JSE Listings Requirements, and the parties have agreed not to disclose the purchase consideration, which is to be settled in cash.



The effective date of the acquisition is expected to be in the first quarter of 2015 and key executives of Earthchild, who are amongst its shareholders, have agreed to remain in its employ at least until the conclusion of the three year earn-out period relating to a portion of the purchase consideration. Truworths will periodically provide further information to investors on the proposed acquisition during the course of the coming months.
26-Sep-2014
(Official Notice)
21-Aug-2014
(C)
Revenue for the year increased by 8% to R11.6 billion (R10.8 billion) and gross profit was 6% higher at R5.8 billion (R5.5 billion). Trading profit lowered by 5% to R2.4 billion (R2.5 billion). Profit for the period attributable to shareholders decreased marginally to R2.406 billion (R2.408 billion). In addition, headline earnings per share gained 1% to 576.8 cents per share (570.8 cents per share).



Final dividend

The directors of the company have resolved to declare a gross cash dividend from retained earnings in respect of the 52-week period ended 29 June 2014 in the amount of 169 cents (158 cents) per share to shareholders reflected in the company's register on the record date, being Friday, 12 September 2014.



Outlook

Management remains committed to implementing the Group's business philosophy which has guided operating activities over many years. The supply of internationally inspired, high quality fashionable clothing to youthful South Africans continues to drive the Group's strategy and will remain the focus for the period ahead. Management is in the process of implementing various strategies to deal with changing consumer trends and the restrictive credit environment.



The trading and credit environment is expected to remain challenging during the 2015 financial period.



Capital expenditure of R448 million has been committed for the 2015 financial period and will be used primarily for store renovation and development (R356 million), new information systems infrastructure (R65 million) and further investment in distribution facilities (R17 million).



Group retail sales for the first seven weeks of the 2015 financial period increased by 8.7% over the corresponding seven weeks in the prior reporting period.



Product inflation is anticipated to be between 5% and 6% during the 2015 reporting period and trading space is planned to grow by approximately 6%.
18-Jul-2014
(Official Notice)
Truworths (the "group") announces that group retail sales for the 52 weeks until 29 June 2014 ("the period") increased by 6.8% to R 10.8 billion, compared to a 10.7% increase in the corresponding prior period, with credit sales growth of 5% and cash sales growth of 11%.



Like-for-like store retail sales reflected an increase of 0.6%, product inflation averaged 9%, and trading space increased by 10.3% relative to the prior corresponding period-end. Credit sales comprised 71% of retail sales (2013: 72%) during the period.



The trade receivables book has increased by 11.8% over the corresponding prior period-end to R 4.7 billion. As a result of strategic credit-related decisions taken during the prevailing tough market conditions, growth in trade receivable costs slowed in the second half of the period. The period saw continued movement from the 6 month interest free payment plan to longer term interest bearing payment plans.



The group's final audited results for the 52 week period ending 29 June 2014 are scheduled for release on or about Thursday, 21 August 2014.
20-Feb-2014
(C)
Revenue for the period increased by 8% to R6.3 billion (2012: R5.9 billion). Gross profit rose by 6% to R3.2 billion (2012: R3.1 billion), trading profit decreased by 4% to R1.5 billion (2012: R1.6 billion), while profit for the period fully attributable to owners of the parent remained the same at R1.4 billion (2012: R1.4 billion). Furthermore, headline earnings per share was higher at 335.8cps (2012: 331.3cps).



Dividend

The directors of the company have resolved to declare a gross cash dividend from retained earnings in respect of the 26-week period ended 29 December 2013 in the amount of 216cps (2012: 204cps cents) to shareholders reflected in the company's register on the record date, being Friday, 14 March 2014.



Outlook

The trading environment is expected to remain challenging for the balance of the 2014 financial period. Management will continue to focus on expense control, interventions to manage the risk of credit and the application of merchandise strategies to meet the fashion expectations of our target market. Product price inflation arising from the devaluation of the Rand is likely to be higher than 10% for the Group for the remainder of the financial period.



Retail sales for the first seven weeks of the second half of the 2014 financial period increased by 8.1% relative to the comparable weeks in the prior period. The board remains committed to investing appropriately for longer-term growth, with trading space planned to increase by approximately 10% for the 2014 financial period and by approximately 6% in the following financial period.
18-Feb-2014
(Official Notice)
The board of the company advised of the resignation of Sisa Michael Ngebulana as an independent non- executive director of the company with effect from 16 February 2014.
03-Feb-2014
(Official Notice)
The board of the company advised, in terms of paragraph 3.59 of the JSE Listings Requirements, of the appointment of Khutso Ignatius Mampeule as an independent non-executive director of the company with effect from 1 February 2014.
16-Jan-2014
(Official Notice)
Truworths (the group) announces that group retail sales for the first 26 weeks until 29 December 2013 of the 2014 financial period increased by 7.1% to R 5.9 billion, compared to a 14.8% increase in the corresponding prior period, with credit sales growth of 6% and cash sales growth of 11%.



Like-for-like store retail sales for the 26 week period reflected an increase of 1.1%, product inflation averaged 7%, and trading space increased by 10.7% relative to the prior corresponding period-end. Credit sales comprised 71% of retail sales (2013: 72%) during the period.



The trade receivables book has increased by 9.2% over the corresponding prior period-end to R 4.9 billion. As previously advised, the group has extensive experience in managing credit risk in tough market conditions and will continue to apply strategies to ensure the continued health of the debtors' book and profitability of the business.



Shareholders are advised that this update does not constitute an earnings forecast. The groups interim results for the 26 week period ending 29 December 2013 are scheduled for release on or about Thursday, 20 February 2014.
20-Dec-2013
(Official Notice)
Shareholders of the company ("Shareholders") are advised that on 20 December 2013, the board of the company cancelled and applied for the de-listing from the stock exchange operated by the JSE Ltd. of 43 853 997 of the company's issued ordinary shares ("Shares").



The Shares had been acquired in the open market by wholly owned subsidiary companies over the period from 2004 to 2013, in accordance with the company's general share repurchase programme.



These Shares were purchased by the company from the subsidiary companies on 20 December 2013 in terms of the authority granted by special resolution of the Shareholders taken at the annual general meeting held on 7 November 2013.



The purposes of the share purchase and cancellation are to restructure the company and its subsidiaries' ("Group") balance sheets and enable the Group to continue its share repurchase programme, which has had added significant shareholder value over the years in terms of enhancing earnings and net asset value per share.



The cancellation of the Shares has no financial impact on the company or the Group, save for the incurral of non-material professional costs.



The Shares represent ed 9.43% of the issued shares of the company prior to the cancellation, and following the cancellation the number of shares in issue comprises 421 168 723 ordinary shares of 0.015 cent each.
07-Nov-2013
(Official Notice)
Truworths advises that the Annual General Meeting of shareholders was held in Cape Town today, 7 November 2013. Shareholders holding 81.4% of the exercisable voting rights were represented at the Meeting.



All of the resolutions (special and ordinary), as set out in the notice of the Meeting, were duly passed without modification by the requisite majority of shareholder votes, cast by way of a poll in each case. Proposed resolution 10.2 was withdrawn, as the director standing for re-appointment as a member of the company's Social and Ethics Committee had requested that his nomination be withdrawn.



The resolution to approve the Company?s remuneration policy was passed with 72.96 % of the votes cast (including abstentions) in favour.



Voting on all other ordinary and special resolutions reflected votes cast (including abstentions) in favour ranging from 89.09% to 99.00%.
07-Nov-2013
(Official Notice)
In the board's outlook paragraph in the Group's 2013 preliminary report published on 22 August 2013, predictions were that the economy and consequently the credit environment were unlikely to improve in the 2014 financial period and restrictive credit granting criteria were likely to limit account acquisition and credit sales.



Against this backdrop, Truworths (the Group) announces that Group retail sales for the first 18 weeks until 3 November 2013 of the 2014 financial period increased by 7% to R 3.5 billion, compared to a 15.9% increase in the corresponding prior period, with credit sales growth of 5% and cash sales growth of 12%.



Like-for-like store retail sales for the 18 week period reflected an increase of 2% while product inflation averaged 6%. Credit sales comprised 71% of retail sales (2013: 72%) during the period.



The trade receivables book has increased by 9% over the corresponding prior period-end to R 4.3 billion. As previously advised, the Group has extensive experience in managing credit risk in tough market conditions and will continue to apply strategies to ensure the continued health of the debtors' book and profitability of the business.



Shareholders are advised that this update does not constitute an earnings forecast. The Group's interim results for the 26 week period ending 29 December 2013 are scheduled for release on or about 20 February 2014.
26-Sep-2013
(Official Notice)
22-Aug-2013
(C)
Revenue for the year grew 11% to R10.8 billion (R9.8 billion) whilst gross profit rose 10% to R5.5 billion (R5.0 billion). Profit attributable to owners increased by 8% to R2.4 billion (R2.2 billion). In addition, headline earnings per share climbed 8% to 570.8cps (526.7cps).



Final dividend

The directors of the company have resolved to declare a gross cash dividend from retained earnings in respect of the 52-week period ended 30 June 2013 in the amount of 158cps (157cps) to shareholders reflected in the company's register on the record date, being Friday, 13 September 2013.



Outlook

Predictions are that the economy and consequently the credit environment are unlikely to improve in the 2014 financial period and restrictive credit granting criteria will limit account acquisition and credit sales. The group has extensive experience in managing credit risk in tough market conditions and will apply strategies to ensure the continued health of the debtors' book and profitability of the business.



Ongoing weakness in the rand exchange rate against the US dollar will be managed to contain inflationary pressures on merchandise as the group has successfully done in prior periods of currency volatility.



Against this challenging trading background the group will aim to build sales growth momentum by delivering high-quality, internationally inspired fashion across the brand portfolio.



Trading space is anticipated to increase by approximately 8% during the 2014 financial period.



Capital expenditure of R388 million has been committed for the 2014 financial period and will be used primarily for new stores and expansion and refurbishment of existing stores (R259 million), new information systems infrastructure (R59 million) as well as on the distribution centres (R60 million).



Retail sales for the first seven weeks of the 2014 financial period reflect an increase of 12.2% over the corresponding period in the 2013 financial period.
22-Aug-2013
(Official Notice)
Truworths International Ltd (the Group) expects that both basic and headline earnings per share for the 52-week period ended 30 June 2013 (the current period) relative to the prior 53-week period ended 1 July 2012 (the prior period) will increase between 7% and 9%. This would equate to between 10% and 13% respectively if the effect of the additional trading week in the prior period is excluded.



In the current period, Group retail sales increased by 10.7% (12.9% for the comparable 52- week period) to R 10.1 billion while product inflation averaged 2%. Like-for-like store retail sales grew by 5.7% (7.8% for the comparable 52-week period) for the current period and trading space increased by 8% relative to the prior period-end.



At the end of the current period the Group?s gross trade receivables had increased by 11.3% to R 4.2 billion relative to the prior period-end. Credit sales contributed 72% (prior period 73%) to retail sales. In line with the board?s outlook paragraph disclosed in the Group?s unaudited interim results for the 26 weeks ended 30 December 2012, the credit environment deteriorated during the period which impacted on both the Group?s delinquency experience and active account growth.



Shareholders are advised that this trading statement does not constitute an earnings forecast, and that the financial information provided has neither been reviewed nor reported on by the external auditors.
14-Jun-2013
(Official Notice)
Truworths advises interested parties that it has concluded a mandate with a certain broking firm to effect the repurchase of Truworths shares on behalf of the company or subsidiaries of the company during the company's upcoming prohibited period ("the repurchase programme"). The prohibited period will commence at the close of business on Friday 14 June 2013 and is expected to end at the close of business on Friday 23 August 2013, 24 hours after Truworths' annual financial results for the period ended 30 June 2013 are scheduled to have been published.



The maximum number of shares to be repurchased in terms of the repurchase programme is 1 (one) million shares. The mandate relating to the repurchase programme is irrevocable, and any repurchases made pursuant thereto will be carried out on the JSE within certain predetermined parameters that have been agreed in writing with the broking firm. Any repurchases so effected will further be in accordance with the general authority granted by special resolution of the company's shareholders passed at the company?s annual general meeting held on 8 November 2012 and in compliance with the relevant provisions of the JSE Listings Requirements and the Companies Act (71 of 2008), as amended.
19-Apr-2013
(Official Notice)
Further to the note in the group's interim results announcement published on SENS on 20 February 2013, investors are advised that David Pfaff joined the Truworths with effect from 1 April 2013 as chief financial officer designate.



With reference to the announcement published on SENS on 11 July 2012 regarding the resignation of Mark James Van Lill Sardi as an executive director of the company and chief financial officer of the group, investors are advised that Mr Sardi's directorship and period of employment ended on Friday, 12 April 2013 at the conclusion of his notice period.
12-Mar-2013
(Official Notice)
20-Feb-2013
(C)
Revenue for the interim period grew 15% to R5.9 billion (R5.1 billion) and gross profit was 15% higher at R3.1 billion (R2.7 billion). Trading profit jumped 12% to R1.6 billion (R1.4 billion). Profit attributable to owners went up 20% to R1.4 billion (R1.2 billion). Furthermore, headline earnings per share rose 19% to 331.3 cents per share (277.6 cents per share).



Dividend

The directors of the company declared a gross cash dividend from retained earnings in respect of the 26-week period ended 30 December 2012 in the amount of 204 cents (169 cents) per share.



Outlook

The credit environment is expected to deteriorate further in the months ahead owing to increasing levels of consumer indebtedness. This is likely to impact on both the group's delinquency experience and active account growth, even though strict credit granting and risk policies will continue to be applied.



In this increasingly challenging environment the group will strive to maintain its sales momentum by delivering high quality internationally inspired clothing across the brand portfolio.



Retail sales for the first seven weeks of the second half of the 2013 financial period increased by 9.3% over the first seven weeks of the second half of the 2012 financial period.
18-Jan-2013
(Official Notice)
Truworths expects that both basic earnings and headline earnings per share for the first 26 weeks (from 2 July until 30 December 2012) of the 2013 financial year will be between 16% and 20% higher relative to the corresponding period in the 2012 financial year. In the 26 week period, group retail sales increased by 14.8% to R5.5 billion. Comparable store retail sales grew by 9.8%, trading space increased by 8.1% relative to the prior corresponding period-end and product inflation averaged 3%.



At the end of the 26 week period the group's gross trade receivables had increased by 15.8% to R4.5 billion relative to the prior period-end. Credit sales contributed 72% (prior period 73%) to retail sales. As anticipated by management, the credit environment has become more challenging with consumer delinquency levels increasing nationally.



Shareholders are advised that this trading statement does not constitute an earnings forecast, and that the financial information provided has neither been reviewed nor reported on by the external auditors. The group's unaudited interim results for the 26 week period are expected to be announced on or about Wednesday, 20 February 2013.
14-Dec-2012
(Official Notice)
Truworths advises interested parties that it has concluded a mandate with a certain broking firm to effect the repurchase of Truworths shares on behalf of a subsidiary of the company during the company's upcoming prohibited period ("the repurchase programme"). The prohibited period will commence at the close of business on Friday 14 December 2012 and is expected to end at the close of business on Thursday 21 February 2013, 24 hours after Truworths' interim financial results for the period ended 30 December 2012 are scheduled to have been published.



The maximum aggregate consideration payable for the shares to be repurchased in terms of the repurchase programme is R300 million (three hundred million rand). The mandate relating to the repurchase programme is irrevocable, and any repurchases made pursuant thereto will be carried out on the JSE within certain predetermined parameters that have been agreed in writing with the broking firm. Any repurchases so effected will further be in accordance with the general authority granted by special resolution of the company's shareholders passed at the company's annual general meeting held on 8 November 2012 and in compliance with the relevant provisions of the JSE Listings Requirements and the Companies Act (71 of 2008), as amended.
09-Nov-2012
(Official Notice)
Truworths advised that the annual general meeting of shareholders was held in Cape Town on 8 November 2012. Shareholders holding 80.7% of the exercisable voting rights of the company were represented at the meeting. All of the thirteen resolutions (special and ordinary) as set out in the notice of the meeting were duly passed without modification by the requisite majority of shareholder votes, cast by way of a poll in each case.



Voting on the special resolution granting a general mandate to the directors to conduct share repurchases within prescribed limits reflected 77.3 % of the votes cast in favour. Voting on all other ordinary and special resolutions reflected votes cast in favour ranging from 92.6% to 99.05%.
08-Nov-2012
(Official Notice)
Truworths ("the group") announced that the group retail sales for the first 18 weeks (from 2 July 2012 until 4 November 2012) of the 2013 financial period increased by 15.9% to R3.3 billion with credit sales growth of 15.1%.



Comparable (same store) retail sales increased by 10.7% and product inflation averaged 3%. Credit sales comprised 72% of retail sales (2012: 73%) during the period, whilst trading space increased by 7.4% relative to the prior corresponding period-end.



The trade receivables book grew by 16.5% over the corresponding prior period-end to R4 billion. The receivables' book continued to perform in accordance with management?s expectations.



Shareholders were advised that this update does not constitute an earnings forecast, and that the financial information provided has neither been reviewed nor reported on by the external auditors. The 2013 financial period will comprise 52 trading weeks, with the interim results for the 26 week period ending December 2012 scheduled for release on or about 20 February 2013.
25-Oct-2012
(Official Notice)
The notice of the Truworths annual general meeting to be held on 8 November 2012 was included in the group's 2012 integrated annual report, which was issued and mailed on 28 September 2012. Shareholders will have noted that item 10 in this notice proposes a new Memorandum of Incorporation for Truworths, for adoption by shareholders at the meeting. Salient features of the new Memorandum of Incorporation were appended to the notice and the full document has been available for inspection on our website or on request since that date.



In line with the JSE Ltd. ("JSE") Listings Requirements and the King III Code, Truworths had provided in its proposed new Memorandum of Incorporation for one third of the non- executive directors to retire by rotation and offer themselves for re-election at each annual general meeting.



In response to the recommendation of an advisory firm, Truworths has decided to amend the proposed new Memorandum of Incorporation to provide that both executive and non- executive directors should be subject to the annual retirement and re-election requirements.



The amended proposed new Memorandum of Incorporation which sets out these revised requirements in clause 5.1.10 has been approved by the JSE, has been posted on the Truworths website and is available on request from the company secretary at the company's registered office.



Shareholders were accordingly requested to support the proposed annual general meeting resolution for the adoption of Truworths' amended proposed new Memorandum of Incorporation.



Truworths encourages participation by shareholders in the voting at the annual general meeting, and advises them to make the necessary arrangements timeously to attend or be represented at the meeting and, where required, to furnish voting instructions to their CSDP or broker in good time. The record date for the purposes of participating and voting at the annual general meeting is Friday 2 November 2012.



In order for forms of proxy (which are contained in the group's 2012 integrated annual report) to be valid for the purposes of the meeting, they are required to be lodged at the offices of Truworths' transfer secretaries, Computershare Investor Services (Pty) Ltd., 70 Marshall Street, Johannesburg, South Africa (or mailed to be received by them at P O Box, 61051, Marshalltown, 2107, South Africa) by no later than 24 hours before the appointed time of the meeting.

28-Sep-2012
(Official Notice)
15-Aug-2012
(C)
Revenue for the year increased by 12% to R9.8 billion (2011: R8.7 billion). Gross profit grew by 12% to R5 billion (2011: R4.5 billion), trading profit rose by 11% to R2.5 billion (2011: R2.2 billion), while profit for the period attributable to owners of the parent jumped by 15% to R2.2 billion (2011: R1.9 billion). Furthermore, headline earnings per share was higher by 16% at 526.7cps (2011: 456cps).



Dividend

The directors of the company have resolved to declare a gross cash dividend from retained income in respect of the 53-week period ended 1 July 2012 in the amount of 157cps (2011: 134cps) per share.



Outlook

Management remains committed to implementing the Groups business philosophy which has guided operating activities ably over many years. The supply of internationally inspired, high quality fashionable clothing to youthful South Africans continues to drive the Groups strategy and will remain the focus for the period ahead.



Group retail sales for the first six weeks of the 2013 financial period increased by 13.6% over the corresponding accounting period in 2012. The credit environment is expected to become more challenging in the year ahead as credit affordability remains under pressure for consumers in South Africa. Generally subdued economic growth is expected for the 2013 financial period.
20-Jul-2012
(Official Notice)
Truworths expects that both basic earnings and headline earnings per share for the 53-week period ended 1 July 2012 (the current period) will be between 14% and 17% higher relative to the prior 52-week period ended 26 June 2011 (the prior period). The pro-forma performance for a comparable 52-week period is to be announced in conjunction with the group's audited results which are expected to be published on or about Wednesday, 15 August 2012.



In the current period, group retail sales increased by 12.7% (10.4% for the comparable 52-week period) to R9.1 billion while product inflation averaged 8%. Comparable store retail sales grew by 8.4% (6.3% for the comparable 52-week period) for the current period and trading space increased by 6.3% relative to the prior period-end. The comparable 52-week retail sales and comparable store retail sales information has been extracted from the group's management accounts.



At the end of the current period the group's gross trade receivables had increased by 14% to R 3.8 billion relative to the prior period-end. Credit sales contributed 73% (prior period 71%) to retail sales and the receivables' book continued to perform in accordance with management's expectations.
11-Jul-2012
(Official Notice)
The board of the company announced the resignation of Mark James Van Lill Sardi as an executive director of the company and chief financial officer of the Truworths group. Mr Sardi will be vacating his position, after serving out a notice period expected to last at least until the end of the 2012 calendar year, in order to take up the position as deputy chief executive officer in a listed pharmaceutical group.
15-Jun-2012
(Official Notice)
Truworths advised interested parties that it has concluded a mandate with a certain broking firm to effect the repurchase of Truworths shares on behalf of a subsidiary of the company during the company's upcoming prohibited period ("the repurchase programme"). The prohibited period will commence at the close of business on Friday 15 June 2012 and is expected to end at the close of business on Thursday 16 August 2012, 24 hours after Truworths' annual financial results for the period ended 1 July 2012 are scheduled to have been published.



The maximum aggregate consideration payable for the shares to be repurchased in terms of the repurchase programme is R250 million (two hundred and fifty million rand). The mandate relating to the repurchase programme is irrevocable, and any repurchases made pursuant thereto will be carried out on the JSE within certain predetermined parameters that have been greed in writing with the broking firm. Any repurchases so effected will further be in accordance with the general authority granted by special resolution of the company's shareholders passed at the company's annual general meeting held on 10 November 2011 and in compliance with the relevant provisions of the JSE Listings Requirements and the Companies Act (71 of 2008), as amended.
18-May-2012
(Official Notice)
The company advised of the retirement of Albert Edward (Ed) Parfett as an independent non-executive director of the company with effect from the close of business on 17 May 2012.
03-Apr-2012
(Official Notice)
The directors of the company have resolved to declare a gross cash dividend from retained income in respect of the 26-week period ended 25 December 2011 in the amount of 169 cents (2010: 128 cents, excluding secondary tax on companies ("STC")) per share to shareholders reflected in the company's register on the record date, being Thursday, 26 April 2012. The last day to trade in the company's shares cum dividend is Thursday, 19 April 2012. Trading in the company's shares ex dividend will commence on Friday, 20 April 2012. Consequently no dematerialisation or rematerialisation of the company's shares may take place over the period from Friday, 20 April 2012 to Thursday, 26 April 2012, both days inclusive. The dividend will be payable in South African Rand on Monday, 30 April 2012.
23-Feb-2012
(C)
Revenue for the interim period ended 31 December 2011 rose by 11% to R5.1 billion (R4.6 billion) and gross profit also improved by 11% to R2.7 billion (R2.4 billion). Trading profit increased by 15% to R1.4 billion (R1.2 billion), while profit for the period attributable to ordinary shareholders was up by 14% to R1.2 billion (R1 billion)>



Dividend

Having considered the transitional arrangements relating to the phasing out of Secondary Tax on Companies (STC) and its replacement with Dividends Tax, the board has decided to defer the declaration of an interim dividend until after 1 April 2012, but as soon as practicable thereafter. It is anticipated that the group's full year dividend cover will be adjusted accordingly.



Outlook

Management remains committed to the Group's business philosophy which has guided operating activities ably over many years. The supply of internationally inspired, high quality fashionable clothing to youthful South Africans continues to drive the group's strategy and will remain the focus for the period ahead. Retail sales for the first eight weeks of the second half of the 2012 financial period increased by 11.1% over the corresponding period in 2011 compared to 9.8% for the first eight weeks of the second half of the 2011 financial period. Generally subdued economic growth is expected for the remainder of the 2012 financial period. Product inflation is anticipated to remain between 6% and 8% for the balance of the 2012 financial period. Annual growth in trading space is planned at approximately 6%, with 13 stores expected to open in South Africa and 6 in the rest of Africa in the second half of the 2012 financial period. The group continues to seek opportunities to utilise cash resources to generate competitive returns for shareholders
02-Dec-2011
(Official Notice)
The board of the company is pleased to advise, in terms of paragraph 3.59 of the JSE Listings Requirements, of the appointment of Roderick John Alwyn (Roddy) Sparks, as an independent non- executive director of the company with effect from 1 February 2012.

10-Nov-2011
(Official Notice)
Truworths International Ltd advised that the AGM of shareholders was held in Cape Town today. Shareholders holding 80.76% of the exercisable voting rights of the company were represented at the meeting. Based on feedback from shareholders prior to the Meeting, the board resolved to withdraw resolutions 3.9 and 10 as set out in the notice of the meeting contained in the company's 2011 integrated annual report. All the 13 other resolutions (special and ordinary) set out in such notice were duly passed without modification by the requisite majority of shareholder votes, cast by way of a poll in each case. Voting on the special resolution granting a general mandate to the directors to conduct share repurchases within prescribed limits reflected 98.67% of the votes cast in favour. Voting on the special resolutions to approve the non-executive directors` fees reflected 100% of the votes cast in favour.
10-Nov-2011
(Official Notice)
Truworths International Ltd (the Group) announces that Group retail sales for the first 19 weeks (from 27 June until 6 November 2011) of the 2012 financial period increased by 9.3% to R 3.0 billion relative to the corresponding period in the 2011 financial period. Comparable (same store) retail sales increased by 4.7% and product inflation averaged 8%.Credit sales comprised 73% of retail sales (2011: 71%) during the period, whilst trading space increased by 6.2% relative to the prior corresponding period-end. Gross trade receivables increased to R 3.4 billion and were 15.6% higher than the prior corresponding period-end which is in line with management`s strategy of growing credit in Identity. The receivables' book continued to perform in accordance with management's expectations.



Shareholders are advised that this update does not constitute an earnings forecast, and that the financial information provided has neither been reviewed nor reported on by the external auditors. The 2012 financial period will comprise 53 trading weeks, with the interim results for the 26 week period ending December 2011 scheduled for release on or about 23 February 2012.
26-Sep-2011
(Official Notice)
Further to the audited preliminary report, published on 18 August 2011, on the group's audited results for the 52 weeks ended 26 June 2011, Truworths advises that its 2011 integrated annual report, which incorporates a summary of the group annual financial statements for the period, is in the process of being mailed. The integrated annual report is being posted to certificated and dematerialised shareowners that are registered as shareholders, as well as to dematerialised shareowners that are not registered as shareholders but have elected to receive such reports. The integrated annual report, as well as the complete audited annual financial statements, are also available on the group's website via the link: http://www.truworths.co.za/annual-report



Non-publication of abridged report

As the annual financial statements contain no changes relative to the information that was published in the audited preliminary report, the group is not required to publish an abridged report as contemplated in paragraph 3.21 of the Listings Requirements of the JSE Ltd.



Notice of annual general meeting

Shareowners are advised that the annual general meeting of Truworths' shareholders is scheduled to be held in the auditorium at its registered office, being No 1 Mostert Street, Cape Town, South Africa on Thursday 10 November 2011 at 09h30, to transact the business set out in the meeting notice which is contained in the group's integrated annual report.
18-Aug-2011
(C)
Revenue rose by 13% to R8.7 billion (R7.7 billion) and gross profit increased by 16% to R4.5 billion (R3.8 billion). Trading profit soared 24% to R2.2 billion (R1.8 billion ), while profit for the period attributable to ordinary shareholders improved by 21% to R1.9 billion (R1.6 billion). Moreover, headline earnings per share was recorded at a 21% increase to 456cps (377.9cps ).



Dividend

A final dividend of 134cps has been declared in respect of the period under review.



Outlook

Against a background of uncertain economic growth, retail trading conditions are expected to continue to be challenging in the months ahead as consumers face increasing living costs owing to rising utility, food and transport prices. Inflationary pressures may lead to an increase in interest rates during the 2012 financial period. As the majority of the group's credit customers have limited exposure to asset-based finance, higher interest rates are not expected to have a material impact on the trade receivables book. However, increasing interest rates could place further pressure on household disposable income. Retail sales for the first seven weeks of the 2012 financial period increased by 10.4% over the corresponding period in 2011. Product inflation is anticipated to be at high single-digit levels in the 2012 financial period and annual growth in trading space is planned at approximately 6%. The group will continue to actively manage its capital base to generate competitive returns to shareholders, while evaluating potential investment and acquisition opportunities to complement the current merchandise offering.
15-Jul-2011
(Official Notice)
Truworths International Ltd (the Group) advises that it expects both basic and headline earnings per share for the 52 week trading period to 26 June 2011 ("the period") to be between 18% and 22% higher than those reported for the 52 week period to 27 June 2010 ( "the prior period").



During the period, group retail sales increased by 13.5% to R 8.1 billion, while comparable (same store) retail sales increased by 8.9% and product inflation averaged 4%. Credit sales comprised 71% of retail sales (2010: 70%) during the period, whilst trading space increased by 5.4% relative to the prior period-end. Gross trade receivables increased to R 3.3 billion and were 17.6% higher than at the prior period-end. The receivables' book continued to perform satisfactorily in accordance with management's expectations.

Investors are advised that this trading statement does not constitute an earnings forecast, and that the financial information provided has neither been reviewed nor reported on by the external auditors. The group's audited results for the 52 week period are scheduled to be announced on Thursday, 18 August 2011.
17-Jun-2011
(Official Notice)
Truworths advised interested parties that it has concluded a mandate with a certain broking firm to effect the repurchase of Truworths shares on behalf of a subsidiary of the company during the company?s upcoming prohibited period ("the repurchase programme"). The prohibited period will commence at the close of business on Friday 17 June 2011 and is expected to end at the close of business on Friday 19 August 2011, 24 hours after Truworths' annual financial results for the period ended 26 June 2011 are scheduled to have been published. The maximum aggregate consideration payable for the shares to be repurchased in terms of the repurchase programme is R155 million (one hundred and fifty five million rand). The mandate relating to the repurchase programme is irrevocable, and any repurchases made pursuant thereto will be carried out on the JSE within certain predetermined parameters agreed in writing with the broking firm. Any repurchases so effected will further be in accordance with the general authority granted by special resolution of the company's shareholders passed at the company's annual general meeting held on 4 November 2010 and in compliance with the relevant provisions of the JSE Limited Listings Requirements and the Companies Act (71 of 2008), as amended.
21-Feb-2011
(C)
Revenue for the interim period increased to R4.6 billion (2009: R4 billion). Gross profit rose to R2.4 billion (2009: R2.1 billion), while operating profit improved to R1.2 billion (2009: R1 billion). Total comprehensive income for the period fully attributable to owners of the parent was higher at R1 billion (2009: R865 million). Furthermore, headline earnings per share continued the trend by increasing to 242.7cps (2009: 203.3cps).



Dividend

The directors have resolved to declare an interim cash dividend from retained earnings in respect of the 26-week period ended 26 December 2010 in the amount of 128cps (2009: 102cps) to holders of the company's shares.



Outlook

Whilst the results for the first half of the financial year reflect the cumulative benefits of low interest rates, low inflation and higher real wage increases, management is cautious to assume that a sustained recovery in South African consumer spending is evident. Clothing inflation from higher cotton prices and China supply constraints are likely to be challenges for the group for at least the remainder of the financial year. Relative to the prior corresponding period, retail sales for the first eight weeks of the second half of the 2011 financial year increased by 9.8%. However, markdowns applied over this trading period were at lower levels than the prior corresponding period. Annual growth in trading space is planned to increase by approximately 6% by June 2011. Management continues to focus on driving sales growth in this environment through innovative merchandising strategies; further enhancing the quality of the debtors' book through prudent credit risk management and containing expense growth. The group's strong financial position will enable management to consider share buy-backs and potential investment and acquisition opportunities that are complementary to the current merchandise offering.
14 Jan 2011 11:07:19
(Official Notice)
Truworths expects that both basic and headline earnings per share for the first 26 weeks (from 28 June until 26 December 2010) of the 2011 financial year will be between 17% and 20% higher relative to the corresponding period in the 2010 financial year. In the 26 week period group retail sales increased by 15.3% to R 4.4 billion, while comparable (same store) retail sales increased by 10.6% and product inflation averaged 1%. Trading space increased by 4.4% relative to the prior corresponding period-end. At the end of the 26 week period the group's gross debtors' book had increased by 16% to R 3.3 billion relative to the corresponding date in 2010. Credit sales contributed 70% to retail sales and the debtors` book continued to perform satisfactorily as anticipated by management. The group's unaudited interim results for the 26 week period are scheduled to be announced on Monday, 21 February 2011.
04 Nov 2010 16:57:15
(Official Notice)
Truworths International Ltd advised that at the AGM held in Cape Town, at which members holding 77.87% of the exercisable voting rights were represented, all the resolutions set out in the Notice of the AGM contained in the company's 2010 annual report were duly passed without modification by the requisite majority votes, cast by way of a poll in each case. Voting on the special resolution granting a general mandate to the directors to conduct share repurchases within prescribed limits reflected 99.56% of the votes cast in favour. The special resolution is in the process of being submitted to the Companies and Intellectual Property Registration Office for registration. Voting on the ordinary resolution placing 5% of the company's unissued and treasury shares under the control of the directors reflected 95.34% of the votes cast in favour.
04 Nov 2010 10:02:42
(Official Notice)
Truworths International Limited (the Group) announces that Group retail sales for the first 18 weeks (from 28 June until 31 October 2010) of the 2011 financial period increased by 14.7% to R 2.6 billion relative to the corresponding period in the 2010 financial period. Comparable (same store) retail sales increased by 10.7% and product inflation averaged less than 3% in the 18 week period. Trading space increased by 4.5% relative to the prior corresponding period end. The sales growth during this period has given management reason to have a more positive outlook than anticipated a few months ago. Nevertheless given the volatility in world economies, management remains cautious for the balance of the financial year.



Management will remain focussed on the effective implementation of its business philosophy which has served it well over so many years. The supply of internationally inspired, high quality fashionable clothing to youthful South Africans will continue to be the driver of the Group's strategy for the period ahead. At the end of the 18 week period the Group's debtors' book had increased by 15.2% to R3.0 billion relative to the corresponding date in 2010, and the performance of the debtors` book remains in line with management`s expectations.



Shareholders are further advised that Truworths International was awarded the 'Emerging Market Retailer of the Year Award' at the prestigious Oracle World Retail Awards, which took place last week in Berlin Germany. The awards were held during the annual World Retail Congress attended by 1,149 retailers and senior industry executives from across 56 countries. Shareholders are advised that this update does not constitute an earnings forecast, and that the financial information provided has neither been reviewed nor reported on by the external auditors. The Group's interim results for the 26 week period to 26 December 2010 are scheduled to be announced on or about 24 February 2011.

30 Sep 2010 16:58:27
(Official Notice)
19 Aug 2010 14:48:39
(C)
Revenue improved to R7.7 billion (2009: R7 billion) and group sale of merchandise increased by 11% to R6.9 billion (2009: R6.2 billion). Gross profit improved to R3.8 billion (2009: R3.4 billion). Operating profit also grew to R1.8 billion (2009: R1.5 billion), while net profit attributable to ordinary shareholders of the company rose to R1.6 billion (2009: R1.4 billion). Headline earnings per share increased to 377.9cps (2009: 337.6cps)



Dividend

A final dividend of 98 cents per ordinary share was declared in respect of this period.



Outlook

Retail sales for the first seven weeks of the 2011 financial period reflect growth of 12.6% on the corresponding period in 2010. Higher real wage increases, lower inflation and lower interest rates are positive for consumers. As reported by the national credit regulator personal debt levels in the South African economy remain high, although the improved quality of the group's debtors' book augurs well for the 2011 financial period. Greater economic stability, albeit in a soft business environment, is nevertheless more encouraging than the difficult conditions experienced in the past few years. Trading conditions are expected to remain challenging, but management will continue to focus on its business philosophy which has served it well over so many years. In essence the supply of internationally inspired, high quality fashionable clothing to youthful South Africans will continue to be the driver of our strategy for the period ahead. The group remains committed to investing appropriately for longer-term growth, with trading space planned to increase by approximately 6% on June 2010.
16 Jul 2010 09:06:55
(Official Notice)
Shareholders are advised that Truworths International Ltd anticipates that both basic and headline earnings per share for the 52 week trading period to 27 June 2010 will be between 10% and 13% higher than those reported for the 52 week period to 28 June 2009. Group retail sales for the period were R7.1 billion, 10.5% higher than the prior period, with credit sales contributing 70% (2009: 69%). Comparable (same store) retail sales increased by 4%, product inflation measured approximately 4% and trading space increased by 6% relative to the prior period. Gross trade receivables increased to R2.8 billion, 11% higher than at the prior period end. The debtors' book continues to improve in accordance with management's expectations. Shareholders are advised that the financial information contained in this statement has neither been reviewed nor reported on by the external auditors, and that the group's audited results for the period are scheduled to be announced on Thursday, 19 August 2010.
18 Feb 2010 15:18:14
(C)
Revenue increased by 10% to R4 billion (R3.7 billion). Gross profit rose by 14% to R2.1 billion (R1.8 billion) and trading profit was up by 18% to R1 billion (R848 million). Net profit for the period attributable to shareholders improved by 10% to R864 million (R787 million). In addition, headline earnings on a per share basis grew by 10% to 203.3cps (184.7cps).



Dividend

An interim ordinary dividend of 102cps has been declared.



Directorate

Tony Taylor, the deputy managing director of Truworths Ltd, retires with effect from 31 March 2010, but will remain on the Truworths board as a non-executive director.



Outlook

Retail sales for the first seven weeks of the second half of the 2010 financial period reflect growth of 11% on the prior period. The trading environment is expected to remain challenging as the country emerges from the recession, and management does not currently anticipate any marked improvement in consumer spending over the balance of the financial year. Management will continue to focus on consistent and innovative merchandising strategies to manage the risk of fashion, control credit risk and contain expenses. The group remains committed to investing appropriately for longer-term growth, with trading space planned to increase by approximately 6% on June 2009.
15 Jan 2010 14:11:08
(Official Notice)
Truworths International Ltd announced that in a difficult trading environment, group retail sales for the first 26 week period (from 29 June until 27 December) of the 2010 financial year increased by 10.6% to R 3.8 billion relative to the corresponding period in the 2009 financial year.



Credit sales contributed 69% to retail sales with comparable (same store) retail sales increasing by 3%, product inflation measuring approximately 10% and trading space increasing by 10% relative to the corresponding period in 2009. The debtors' book increased by 11% to R2.9 billion relative to the corresponding period in 2009 and the performance of the debtors` book remains satisfactory and in line with management's expectations.



Shareholders are advised that the financial information contained in this update has neither been reviewed nor reported on by the external auditors, and that the group's unaudited interim results for the period are scheduled to be announced on Thursday, 18 February 2010.
05 Nov 2009 18:05:47
(Official Notice)
At the annual general meeting held all the resolutions ere duly passed without modification by the requisite majority votes, cast by way of a poll in each case. Voting on the special resolution granting a general mandate to the directors to conduct share buy-backs within prescribed limits reflected 99.72% of the votes cast in favour. The special resolution is in the process of being submitted to the Companies and Intellectual Property Registration Office for registration.
05 Nov 2009 09:51:32
(Official Notice)
Truworths International Ltd ("the group") announces that group retail sales for the first 18 weeks (from 29 June until 1 November 2009) of the 2010 financial year increased by 10% to R 2.3 billion relative to the corresponding period in the 2009 financial year. Comparable (same store) retail sales increased by 2%, product inflation measured approximately 12% and trading space increased by 9% relative to the corresponding period in 2009.



Retail trading conditions remained difficult and South African consumers are still under pressure despite declining interest rates. Conditions are expected to remain challenging for the balance of the 2010 financial year, in line with announcements made in the group's preliminary and annual reports for the year to June 2009. Management will continue to focus on expense control, managing the risk of credit and consistently applying its merchandise strategies to ensure that the risk of fashion is appropriately managed.



The debtors' book increased by 11% to R2.6 billion relative to the corresponding period in 2009 and the performance of the debtors' book remains satisfactory and in line with management's expectations. Shareholders are advised that this update does not constitute an earnings forecast, and that the financial information provided has neither been reviewed nor reported on by the external auditors. The group's interim results for the 26 week period to 27 December 2009 are scheduled to be announced on or about 18 February 2010.
29 Sep 2009 18:00:29
(Official Notice)
Truworths advises that its 2009 annual report, which incorporates the group annual financial statements for the period, is in the process of being mailed to shareholders. The annual report is being posted to certificated and dematerialised shareowners that are registered as members, as well as to dematerialised shareowners that are not registered as members but have elected to receive such reports. The annual report is also available on the group's website via the link: http://www.truworths.co.za/cms/cmsl1.asp?cmsid=3373-act=cm



Shareowners are advised that the annual general meeting of Truworths' members is scheduled be held in the auditorium at its registered office, being No 1 Mostert Street, Cape Town, South Africa on Thursday 5 November 2009 at 09h30, to transact the business set out in the meeting notice which is contained in the group's annual report.
18 Sep 2009 17:34:29
(Official Notice)
The resignation of Quentin Scorgie, the incumbent Chief Financial Officer, as director of the company and its subsidiaries with effect from 30 October 2009.
19 Aug 2009 14:53:50
(C)
Retail trading conditions remained difficult and notwithstanding declining interest rates, South African consumers remain under pressure. In this challenging environment group sale of merchandise for the 52 week trading period to 28 June 2009 increased by 11% to R6 247 million. After excluding the additional trading week in the prior period, sale of merchandise increased by 13% inclusive of comparable store sales growth of 5%, with product inflation averaging approximately 10%. Trading space increased by 12% over the prior period following the opening of 18 Truworths, 19 Identity, 10 Uzzi and 1 YDE store and the closure of 5 stores. At the end of the period the group had 495 stores (2008: 452). Headline earnings per share were 337.6c, an increase of 14% (19% excluding week 53 of the prior period) over the prior period's 295.6c.



Dividend

The directors declared a final cash dividend from retained earnings in respect of the period ended 28 June 2009 in the amount of 83c (2008: 72c) per share.



Outlook

Retail sales for the first seven weeks of the 2010 financial period reflect growth of 14% on the prior period. The trading environment is expected to remain challenging for the balance of the year and management will continue to focus on expense control, interventions to manage the risk of credit and the consistent application of merchandising strategies to manage the risk of fashion. The board remains committed to investing appropriately for longer-term growth, with trading space planned to increase by approximately 7% and the new distribution facility being scheduled for completion in the second half of the 2010 financial period.
17 Jul 2009 13:47:50
(Official Notice)
Truworths International Ltd anticipates that both basic and headline earnings per share for the 52 week trading period to 28 June 2009 will be between 10% and 15% higher than those reported for the 53 week period to 29 June 2008 In a challenging trading environment, group retail sales for the period increased to R6 440 million, 10% above the prior period (12% if the effect of the additional trading week in the prior period is excluded). Product inflation measured approximately 10%, and trading space at period-end was 12% higher than that at the prior period-end. Shareholders are advised that the financial information contained in this statement has neither been reviewed nor reported on by the external auditors, and that the group's audited results for the period are scheduled to be announced on or about Wednesday 19 August 2009.
24 Apr 2009 11:10:23
(Official Notice)
Further to the announcement of 16 October 2008, notice is hereby given of the appointment of Quentin Scorgie as finance director of the group with effect from 28 April 2009. Quentin, who is a Chartered Accountant and has an MBA from UCT, previously served as financial director for Southern Sun Hotels group based in Johannesburg. He will assume operational responsibilities for the group's Finance, Company Secretarial, Legal and Internal Audit Departments and takes over from Wayne van der Merwe who has recently relocated to Australia.
18 Feb 2009 14:36:38
(C)
Turnover increased by 10,0% from R3.018 million to R3.306 million in 2008. Gross profit rose 9% to R1.813 million (2007:R1.659 million) and operating profit increased 7% to R848 million (2007:R796 million). Profit attributable to ordinary shareholders surged 14% to R787.0 million (2007: R693.0 million). In addition, headline earnings on a per share basis grew 16% to reach 184.7c (2007: 159.9c).



Dividends per share

An interim dividend of 88c (2007: 72c) was declared for the period under review.



Prospects

Group retail sales for the first seven weeks of the second half of the 2009 financial period reflect a growth of 20% on the prior comparable period, management does not expect retail sales to continue at this level. While the decline in interest rates and lower fuel costs are positive for consumers, the retail trading environment remains difficult and management does not expect conditions to materially improve over the remainder of the 2009 period.



The group will continue to invest in the longer term growth of the business and plans to increase trading space in the second half of the 2009 period by opening 20 new stores across all brands and refurbishing or expanding a further 7 stores. The group is confident of achieving real earnings growth for the financial period ending June 2009 and remains committed to achieving the financial targets detailed in the group's 2008 annual report.
15 Jan 2009 07:59:20
(Official Notice)
Truworths anticipates that both basic and headline earnings per share for the 26 week trading period to 28 December 2008 ('the period') will be between 12% and 17% higher than those reported for the 27 week period to 30 December 2007 ("the prior period"). In a challenging trading environment, group retail sales for the period increased to R3 415 million, 9% above the prior period, with product inflation measuring approximately 6%, and trading space increasing by 11%. If the effect of the additional trading week in the prior period is excluded, group retail sales reflect an increase of 13% (7% on a same store basis), and basic and headline earnings per share for the period are anticipated to increase by between 20% and 25%. The group's unaudited interim results for the period are scheduled to be announced on Wednesday, 18 February 2009.
06 Nov 2008 17:45:57
(Official Notice)
Shareholders and interested parties are advised that at the annual general meeting of Truworths held, 75.54% of the company's voteable shares, being issued shares less repurchased shares held by subsidiaries, were voted. All the ordinary resolutions (except ordinary resolution 3 which was withdrawn by the board) and the special resolution set out in the notice of the meeting contained in the company's 2008 annual report, were passed by the requisite majority of shareholders present or represented, without modification. The special resolution, which provides a general mandate to the company and its subsidiaries to repurchase the company's shares, will shortly be lodged with the Registrar of Companies for registration.
06 Nov 2008 09:45:32
(Official Notice)
Truworths announced that, in a challenging trading environment, group retail sales for the first 18 weeks of the 2009 financial period increased by 14% to R2 065 million relative to the corresponding period in 2008. Group same store retail sales were 8% higher, product inflation was approximately 6% and trading space increased by 10% relative to the corresponding period in 2008. The debtors book increased by 11% to R2.3 billion relative to the corresponding period in 2008. The performance of the debtors' book remains satisfactory, with collection levels improving. Net bad debt as a percentage of the book increased marginally from the levels reported at June 2008, in line with expectations. Interest income earned from the book continues to exceed trade receivable costs. Operating expenses remain well controlled and gross margins track the targeted levels for the 2009 period.



The trading environment is currently difficult and management does not expect conditions to change materially for the remainder of the half year. However the group does anticipate achieving satisfactory growth for the financial period ended June 2009. Furthermore management remains committed to achieving the financial targets detailed in the group's 2008 annual report. Shareholders are advised that the financial information contained in this update has neither been reviewed nor reported on by the external auditors, and that the group's interim results for the 26 week period to 28 December 2008 are scheduled to be announced on or about 18 February 2009.
21 Oct 2008 15:18:58
(Official Notice)
Truworths announced the repurchase of a further 14 487 451 of its own shares by way of open market transactions on the JSE Ltd ("JSE"), since the announcement published on 8 June 2007.



Implementation

*Total number of shares repurchased -- 14 487 451

*Total price of shares repurchased -- R 427 440 873

*Highest price paid per share -- 3813 cents

*Lowest price paid per share -- 2165 cents

*Average price paid per share -- 2950 cents

The repurchase was effected as market conditions allowed over the period 6 June 2007 to 17 October 2008, except for the "closed periods", at financial year and half-year end prior to the announcement of the company's annual and interim results. The repurchase was effected through the order book operated by the JSE trading system without any prior understanding or arrangement between the company and the counter parties.



Listing

As the repurchase has been effected by wholly owned subsidiaries of the company, the shares repurchased have neither been cancelled, nor has their listing on the JSE been terminated.



Source of funds

The repurchase was funded from the group's cash resources.
17 Oct 2008 10:15:14
(Official Notice)
Notice is hereby given of the resignation of Wayne van der Merwe, as finance director of the company and its subsidiaries with effect from 16 April 2009. Wayne, who has been an employee of the group since 1999 and who was appointed as a director of the company in 2002, has resolved to relocate with his family to Australia.
30 Sep 2008 09:51:02
(Official Notice)
Further to the announcement on 20 August 2008 of the group's results for the period ended 29 June 2008, Truworths advises that its annual report, which incorporates the annual financial statements for the period, is in the process of being mailed to shareholders. The annual report is being posted to all those certificated and dematerialised shareowners that are registered as members, as well as to those dematerialised shareowners who are not registered as members but have elected to receive such reports. As the annual financial statements contain no changes relative to the information that was published in the said announcement, the group is not required to publish an abridged report.



Shareowners are advised that the annual general meeting of Truworths' members is scheduled be held in the auditorium at its registered office, being No 1 Mostert Street, Cape Town, South Africa on Thursday 6 November 2008 at 9:30, to transact the business set out in the meeting notice which is contained in the group's annual report. Included in such business is a resolution to grant a limited and conditional authority to the directors over Truworths' unissued shares and treasury stock, and a special resolution to give the directors a limited general mandate to repurchase Truworths' shares.
20 Aug 2008 15:42:23
(C)
In a challenging trading environment over 53 weeks, group sale of merchandise increased by 16% to R5 651 million (14% excluding week 53). Headline and basic earnings per share of 295.6c equate to a 19% increase (15% excluding week 53) compared to the prior period's 248.6c. A final cash dividend of 72c a share has been declared. Total dividends for the period amount to 144c, 20% more than the prior period.



Outlook

Group sale of merchandise for the first seven weeks of the current financial period reflects growth of 14% on the prior comparable period, partly driven by sales of marked-down winter merchandise. The retail environment will continue in the short-term to be impacted by high interest rates, high inflation and high levels of consumer debt. Nevertheless, the board is committed to investing in the longer term growth of the business and anticipates that trading activity in the 2009 period is likely to yield satisfactory earnings growth.
25 Jul 2008 07:38:40
(Official Notice)
Truworths announced that it anticipates that both basic and headline earnings per share for the 53 week trading period to 29 June 2008 will be between 15% and 20% higher than those reported for the 52 week corresponding period in 2007. The group?s audited final results for the period will be announced on Wednesday 20 August 2008.
22 Jul 2008 08:54:13
(Media Comment)
Analysts said in Business Report that Truworths' ability to deliver on consumers' fashion tastes was the main reason it was trading ahead of bigger rival Foschini Ltd ("Foschini"). Truworths is one of the few credit retailers to have displayed resilience in the face of rising interest rates. The group's sales were up 13.9% in the 46 weeks to 18 May 2008, but growth has slowed to 10% recently. However, this still compares favourably with Foschini, where six month sales to March 2008 were only up 3.7%. Cadiz portfolio manager, Mark Ansley, said that Truworths' buyers were skilled at reading the fashion market, giving it an edge over its rivals.
22 May 2008 12:50:47
(Official Notice)
Group retail sales for the 47 week trading period ended on 18 May 2008 increased to R5 166 million, 16.1% higher than the corresponding 46 week period in 2007. Group?s audited results for the 53 week period ending on 29 June 2008 are scheduled to be announced on 20 August 2008.
21 Feb 2008 18:19:13
(C)
In a challenging trading environment over 27 weeks, group sale of merchandise increased to R3 018 million (R2 901 million excluding week 27). This was 20% more than in the prior period (15% excluding week 27). The buoyant retail trading conditions of recent years slowed during the period as a result of the seven interest rate increases totalling 350 basis points over the last 18 months and a general rise in the cost of living most evidently reflected by food price inflation and an increasing fuel price. The introduction of the National Credit Act in June 2007 served to slow new credit extension and credit line increases, dampening consumer demand. Based on a corporate tax rate of 29%, headline and basic earnings per share of 159.9c (149.8c excluding week 27) equate to a 26% increase (18% excluding week 27) compared to the prior period`s 126.5c; this is in line with indications in the group's trading statement on SENS on 18 January 2008.



Dividends

The directors have resolved to declare a cash dividend of 72cps.



Prospects

Group retail sales of merchandise for the first seven weeks of the second half of the current financial period reflect growth of 16% on the prior comparable period. The retail environment is likely to be a tough one over the forthcoming months. Nonetheless, management anticipates that trading activity in the period to June 2008 is likely to yield satisfactory real earnings growth, as the group has consistently achieved for many years, albeit at a lower level than was achieved in the 2007 period.
21 Jul 2006 15:17:09
(Official Notice)
Truworths anticipates that basic earnings and headline earnings per share for the 52-week period to 25 June 2006 will be between 25% and 30% higher than the restated (due to the adoption of the International Financial Reporting Standards) basic earnings and headline earnings per share reported for the corresponding period in 2005. The group recorded merchandise sales of R3 816 million for the 52 weeks, 23% more than the R3 115 million (restated) achieved in 2005. Sales growth included comparable store sales growth of 16% with product inflation of approximately 1%. Trading space, compared to 2005, increased by 11% through the opening of 13 Truworths and 19 Identity stores.



On 3 July 2006, Truworths fulfilled the remaining conditions precedent for the acquisition of a controlling interest in UZZI, which operates 25 stores in the better end male fashion market.



The group's audited final results for the period will be announced on 24 August 2006.
09 Jun 2006 10:08:18
(Media Comment)
Business Day noted that Truworth's share price dropped R1.50 (6.4%) on 8 June 06, reacting to a rise in the lending rate.
22 Feb 2006 15:10:21
(C)
The group's formula of continual reinvention of its core business again proved to be a successful foundation for growth. Merchandise sales (before accounting reclassifications) of R2 056 million for the 26 weeks were 23% more than the R1 677 million achieved in the 2004 period. Sales growth included comparable store sales growth of 15% with product inflation of approximately 3%. Trading space increased by 6% since June 2005 through the opening of six Truworths and eight Identity stores. All divisions exceeded expectations, with improvements in sale of merchandise flowing from the larger trading areas at Truworths and Identity, where the emporium and store formats have been successfully refined. Operating profit improved by 31% to R622 million. Expenses as a percentage of sales reduced to 28% from 30%. The gross margin was 52%. The group remained in a solid cash position, with cash and cash equivalents amounting to R637 million at period end. Attributable cash flow per share increased from 97c to 101c. Headline earnings per share for the period were 93c, an increase of 33% over the 2004 period, in line with the estimation contained in the January trading statement that they would be 28% to 34% higher than those reported for the interim stage in 2004.



Share repurchase

Since the inception of the buyback strategy 47 million shares have been repurchased at a cost of R480 million at an average price of R10.17 per share. During this reporting period 7.6 million shares were repurchased at an average price of R19.85 for a total of R150 million. Repurchased shares are held as treasury shares and represented 9.7% of issued shares at the end of the period.



Dividend

The board has declared an interim dividend of 44cps, an increase of 38% on the prior period. Dividend cover remains at 2.1 times headline earnings.
17 Jan 2006 16:08:31
(Official Notice)
Truworths anticipates that basic earnings and headline earnings per share for the 26-week period to 25 December 2005 will be between 28% and 34% higher than the basic earnings and headline earnings per share reported for the corresponding period in 2004. The group recorded merchandise sales of R2 056 million for the 26 weeks, 23% more than the R 1 677 million achieved in the 2004 period. Sales growth included comparable store sales growth of 15% with product inflation of approximately 3%. Trading space, compared to the corresponding period for 2004, increased by 8% through the opening of eight Truworths and ten Identity stores. The buoyant conditions that underpinned trading in the first 17 weeks continued through the remaining nine weeks to 25 December. During this period sales increased 23% and were ahead of plan. The group's unaudited interim results for the period will be announced on or about 22 February 2006.
03 Nov 2005 17:43:02
(Official Notice)
Truworths advised that at the Annual General Meeting, members holding 78.5% of the voting rights were represented, all the resolutions set out in the meeting notice contained in the company's 2005 Annual Report were duly passed by the requisite majority votes. Voting on the special resolution granting a general mandate to the directors to conduct share buy-backs within prescribed limits was conducted by means of a poll, with 91.2% of the votes cast being in favour. The special resolution is in the process of being submitted to the Registrar of Companies for registration. Voting on the ordinary resolution placing a limited percentage of the company's unissued and treasury shares under the control of the directors was also conducted on a poll, with 94.8% of the votes cast being in favour.

03 Nov 2005 09:38:10
(Official Notice)
Truworths has announced that the group increased retail sales in the 17 weeks to 23 October 2005 to R 1.2 billion, 22% above the corresponding period in 2004.



The 22% increase in sales for the period was achieved with 9% more retail space. Comparable store sales growth was 14% and product inflation averaged about 3%. Two new Identity and two new Truworths stores have been opened and three stores have been refurbished.



By the end of the 2006 financial year, at least a further twelve Identity and ten Truworths stores will be opened in new shopping destinations and a further eleven stores will be refurbished. The group is expecting to increase overall trading space by about 8% by the end June 2006 and estimates to spend about R72 million on store development.



The group continued to account for bad debts in accordance with existing policy. A doubtful debts provision has been calculated on a basis consistent with that of the prior period. The quality of the debtors' book remains good. Arrears and net bad debt, as a percentage of the book, is in line with expectations.



The strategy to buyback the group's shares was continued during the period. Repurchased shares are held as treasury shares and represent 9% of current issued shares. For the period 1 July 2005 to 31 October 2005, 4.2million shares have been repurchased for an amount of R83 million, resulting in a total number of 43.8 million shares purchased at a total cost of R413 million.



The group is well placed to benefit from continued buoyant consumer spending arising from stronger economic growth and to further extend its record of consistent improvements in sales and earnings for both the festive season trading period and the remainder of the 2006 financial year.



The interim results of the group for the 26-week period to 25 December 2005 are scheduled for release on or about 23 February 2006.
10 Oct 2005 08:27:06
(Official Notice)
Truworths announces the repurchase of a further 14 302 896 of its own shares by way of open market transactions on the JSE , since the announcement published on 30 April 2004. Of these shares, 8 537 493 (R84 398 537) were acquired in the financial year ending 30 June 2004, 3 362 894 (R54 585 408) were acquired in the financial year ending 30 June 2005, and 2 402 509 (R47 696 273) were acquired in the current financial year ending 30 June 2006, during the period 12 September 2005 to 7 October 2005. The transactions were executed in accordance with the general authority originally granted to the directors by special resolution. The shares repurchased constitute 3% of the 476 763 198 shares of the company in issue on 6 November 2003. The repurchase has been effected by Truworths Ltd and Truworths Investments (Pty) Ltd, both wholly owned subsidiaries which intend holding the shares as treasury stock for long-term investment purposes. The repurchase was funded from the groups cash resources. As the repurchase has been effected by wholly owned subsidiaries of the company, the shares repurchased have neither been cancelled, nor has their listing on the JSE been terminated.
18 Aug 2005 15:02:11
(C)
As a consequence of the vibrancy of the fashion retail sector and the success of our business philosophy and strategies, headline earnings per share for the 52- week period to 30 June 2005 increased by 32% to 144.8c. Fully diluted headline earnings increased 31% to 140.8c. The return on average shareholders` equity increased to 40% and there was a 24% rise in net asset value per share to 403c. A final dividend of 37c per share has been declared. Together with the interim dividend of 32c per share, this is 44% more than the distribution to shareholders for 2004. The dividend cover was reduced to 2.1 times headline earnings. Sales of merchandise, including franchise sales, increased 21% to R3.3bn, with a growth of 9% in retail space, through opening of nine Truworths stores, one Truworths Man store and 12 Identity stores. Comparable store sales grew by 14% over the period and product inflation was approximately 5%.



The group`s financial position strengthened, with cash and cash equivalents increasing 39% to R632m at period end. This was despite increased working capital requirements of R238m, capital expenditure of R102m, further share buybacks amounting to R55m and dividend payments of R266m. Tax payments in the period amounted to R262m. Shortly after the reporting period, an amount of R245m (R151m) was paid in respect of provisional tax and creditors` payments. Cash earnings before interest, depreciation and amortisation amounted to R895m, a 33% increase on the prior period. Cash flow per share improved 20% to 124c.



Outlook

The benefits of low interest and inflation rates and improved disposable incomes, together with the further development of the structural changes evident in the South African economy, should continue to support a buoyant retail environment. This perspective is reflected in merchandise sales for the seven weeks since 30 June 2005 being comfortably ahead of budget. Market share gains, further productivity improvements for which the group has become renowned, continued reinvigoration of the group`s brands and measured expansion of trading space lead management to be optimistic about business prospects in the current year, even after having regard for the significant trading base established over previous years.
13 Jul 2005 17:33:35
(Official Notice)
Truworths announced that sales for the 52-week period to 30 June 2005 totalled a record R3.3bn. The group forecasts that earnings and headline earnings per share for the period will be between 28% and 33% higher than the 110.0c reported for 2004. Sales for the period were 21% higher than the R 2.7bn achieved in 2004, while comparable store sales increased by 14% with product inflation of approximately 5%. Trading space increased by 9% during the period through the opening of 8 Truworths and 12 Identity stores. Shareholders are advised that the earnings forecast contained in this statement has not been reviewed or reported on by the external auditors, and that the group`s audited results for the period are due to be announced on 18 August 2005.
29-Aug-2017
(X)
Truworths International Ltd (the company) is an investment holding and management company listed on the JSE and the Namibian Stock Exchange. Its principal trading entities, Truworths Ltd and Office Holdings Ltd, are engaged either directly or through subsidiaries, concessions, agencies or franchises, in the cash and account retailing of fashion clothing, footwear and related merchandise. The company and its subsidiaries (the Group) operate primarily in South Africa and the United Kingdom, and have an emerging presence in Germany, the Republic of Ireland and certain sub-Saharan African countries.


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