THE FOSCHINI GROUP LIMITED
Reg. No.: 1937/009504/06
Christmas trading was satisfactory and in line with
expectation across all merchandise categories with group
sales growth for December (1 December 2013 to 28 December
2013) of 11,4% and same store growth of 5,3%.
Growths in the various merchandise categories were as
follows: clothing 11,9% (same store growth 5,4%); homewares
10,1% (same store growth 4,5%); cosmetics 7,7% (same store
growth 3,6%); jewellery 8,9% (same store growth 4,4%) and
cellphones 14,7% (same store growth 8,1%).
Group sales for the 9 months to 28 December 2013 increased
by 9,1% with same store sales growth of 4,0%. Growths in
the various merchandise categories for the 9 months to 28
December 2013 were as follows: clothing 9,0% (same store
growth 3,0%); homewares 13,0% (same store growth 10,1%);
cosmetics 9,5% (same store growth 5,9%); jewellery 5,8%
(same store growth 2,3%) and cellphones 11,0% (same store
Merchandise inflation for the period averaged 7,0%.
Sales post Christmas for the period 29 December 2013 to 13
January 2014 have been strong across all merchandise
categories with group sales increasing by 17,6% and same
store growth of 11,4%.
This sales update has not been reviewed or reported on by
the company`s external auditors.
17 January 2014
UBS South Africa (Pty) Ltd
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