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 has offered AUD213m to buy up the remaining shares in retailer Country Road in a move designed to expedite its AUD2.15bn acquisition of department store business David Jones....
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 ...
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