SOUTH AFRICA: Woolworths Holdings clothing sales climb
South African retail group Woolworths Holdings has booked an increase in domestic clothing sales in the first 26 weeks of its 2014 fiscal year.
In the period ended 29 December, clothing sales in South Africa were up 10.7%. The retailer said the figures include Country Road's South African sales.
Sales in comparable stores grew by 8.8%. Retail space, including stores in the rest of Africa, was up 4.2%, net of closures year-on-year.
General merchandise sales climbed 6.9% and 5.1% on a comparable basis.
Sales in Australia and New Zealand, including the Witchery group, increased by 28.9%, in Australian dollar terms. Comparable store sales were up 5.5% and net space, excluding the Witchery group, grew 4.2%.
Woolworths Holdings plans to operate a number of different strategies during the forecast period. In order to reach a wider range of consumers, the company will continue to open convenience stores in ...
Consumer confidence improved during the first quarter of 2012, and this pushed up value sales for most apparel specialist retailers, despite a general increase in the cost of living. Retailers general...
South African men took a growing interest in global fashion trends towards the end of the review period. This trend was encouraged by widening access to satellite TV and the internet and also by the o...
Childrenswear continued to be increasingly shaped by fashion trends and celebrity lifestyles at the end of the review period. There was growing interest in what the children of leading global celebrit...
Men became increasingly significant as consumers of clothing accessories towards the end of the review period thanks to a growing focus on men's fashion. This trend particularly benefited men's hats/c...
Price competition in footwear softened slightly towards the end of the review period, due to the rising cost of production in many major source countries such as China. However, price promotions and d...
Hosiery continued to face strong competition from informal retailing at the end of the review period. This resulted in stronger price competition, with the leading players pushing to maintain and grow...
Women's outerwear benefited from the widening availability of consumer credit via retailers during the review period. Second-ranked player Truworths was particularly active in promoting its credit fac...
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