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Foschini nine-month sales up

Clothing retailer The Foschini Group (TFG) said on Friday group sales for the nine months to December increased by 11.4% from a year earlier‚ with same store sales growth of 5.6%.

Christmas trading was mixed across merchandise categories with group sales growth for December (December 2 to December 29) of 10.5% and same store growth of 4.7%.

A Foschini store in the Golden Acre, Cape Town. Photo: Sam Clark. Credit: Independent Newspapers

Growths in the various merchandise categories for the nine months to December were as follows: clothing 12.5% (same store growth 6.1%); homeware 18.9% (same store growth 11.8%); cosmetics 11.4% (same store growth 8.0%); jewellery 7.6% (same store growth 3.6%) and cellphones 2.3% (same store growth -1.4%). Merchandise inflation for the period averaged 5.5%.

The company said sales post Christmas for the period December 30 to January 17 had been strong across all merchandise categories with group sales increasing by 19.8% and same store growth of 12.9%. - I-Net Bridge

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