Woolworths Holdings (WHL) on 15 November 2012 said group sales for the first 20 weeks of the 2013 financial year increased by 15,9% over the comparable period in 2012. Sales in comparable stores grew by 9,9%.
The Woolworths Financial Services (WFS) debtors’ book reflected year-on-year (y/y) growth of 10,9% at the end of October 2012‚ with the impairment rate for the four months to October at 1,8%. The group’s interim results for the 26 week period to December 23 are scheduled to be announced on or about 14 February 2012.
Financial highlights:
- Clothing sales in South Africa grew by 13,7% with a price movement of 5,8%. Sales in comparable stores grew by 8,2%‚ the retailer said.
- Food sales grew by 11,2% with a price movement of 7,3%‚ and sales in comparable stores grew by 7,8%.
- “General merchandise grew by 11,5% and by 9,5% in comparable stores‚” the company said.
- Woolworths’s retail space‚ including stores in the rest of Africa‚ grew by 5,2%‚ net of closures and excluding franchise conversions.
Source:
Business Report, dated 15 November 2012
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