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Sales Update
THE FOSCHINI GROUP LIMITED
Reg. No.: 1937/009504/06
Code: TFG
ISIN: ZAE000148466
Sales Update
Christmas trading was above expectation with group sales
growth for December (29 November 2015 to 26 December 2015)
of 27,2%. Excluding Phase Eight, the turnover growth was
13,5% with same store growth of 6,9%.
Growths in the various merchandise categories excluding
Phase Eight were as follows: clothing 16,7% (same store
growth 9,0%); homewares 4,5% (same store growth -2,9%);
cosmetics 7,9% (same store growth 5,2%); jewellery 2,4%
(same store growth -0,5%) and cellphones 13,8% (same store
growth 8,7%). Excluding Phase Eight, cash sales growth for
December was 20,8% and credit sales grew by 7,0%.
Group sales for the 9 months to 26 December 2015 increased
by 33,0%. Excluding Phase Eight, the turnover growth was
11,6% with same store sales growth of 5,8%. Growths in the
various merchandise categories for the 9 months to 26
December 2015 were as follows: clothing 13,6% (same store
growth 7,3%); homewares 12,6% (same store growth 4,2%);
cosmetics 10,0% (same store growth 7,4%); jewellery 5,4%
(same store growth 2,0%) and cellphones 4,1% (same store
growth -0,1%). Excluding Phase Eight, cash sales growth for
the 9 months to 26 December 2015 was 17,3% and credit sales
grew by 7,0%.
Merchandise inflation excluding Phase Eight for the period
averaged 7,5%.
Sales post Christmas for the period 27 December 2015 to 9
January 2016 have been good with group sales increasing by
39,7%. Excluding Phase Eight, the turnover growth was 12,5%
with same store growth of 6,2%.
This sales update has not been reviewed or reported on by
the company`s external auditors.
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Cape Town
11 January 2016
SPONSOR
UBS South Africa (Pty) Ltd
-ENDS
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