TFG - The Foschini Group Limited - Sales Update

TFG - The Foschini Group Limited - Sales Update                                 
THE FOSCHINI GROUP LIMITED                                                      
Reg. No.: 1937/009504/06                                                        
Code: TFG                                                                       
ISIN: ZAE000148466                                                              
Sales Update                                                                    
In our interim results, we indicated that trading had been encouraging and      
that we were cautiously optimistic regarding trading for the remainder of the   
year.                                                                           
Christmas trading was above expectation across all divisions with sales         
growth for December (27 November 2011 to 31 December 2011) of 17,3% and same    
store growth of 11,4%, notwithstanding the high sales growth base in the        
corresponding prior period of 22,5%.                                            
Compared to the corresponding period last year (26 September 2010 to 1          
January 2011), group sales for the three months October to December 2011 (25    
September 2011 to 31 December 2011) increased by 17,2%, whilst sales for        
comparable stores increased by 11,0%.                                           
Merchandise inflation for the period averaged 6%.                               
Our retail debtors` book continues to be well managed, with collections in      
line with management expectation.                                               
This sales update has not been reviewed or reported on by the company`s         
external auditors.                                                              
Cape Town                                                                       
18 January 2012                                                                 
SPONSOR                                                                         
UBS South Africa (Pty) Ltd                                                      
Date: 18/01/2012 09:01:40 Supplied by www.sharenet.co.za                     
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