THE FOSCHINI GROUP LIMITED - Sales Update

Release Date: 17/01/2014 08:28
Code(s): TFG
 
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Sales Update

THE FOSCHINI GROUP LIMITED
Reg. No.: 1937/009504/06
Code: TFG
ISIN: ZAE000148466

Sales Update

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
growth 5,7%).

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.
-
Cape Town
17 January 2014
SPONSOR
UBS South Africa (Pty) Ltd
-ENDS

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