Johannesburg - Lewis Group, which had been probed for its practice of selling insurance to all customers, says trading in the four months to July shows improved sales.
In a statement to shareholders issued on Friday, CEO Johan Enslin, noted merchandise sales increased 15.5% for the period.
This, he says, was supported by the Beares brand which was included in the results for the first time. Lewis bought the brand from Ellerine, the furniture unit of failed lender African Bank, in November last year and said at the time it would add 10 new stores.
In addition to that boost, sales in Lewis and Best Home and Electric increased 6.3% for the period, said Enslin. The credit/cash sales mix was similar to the 69% level reported for the 2015 financial year.
Stripping out the R69 million Lewis will refund to customers who were sold insurance policies they could never use, revenue gained 7.7% in the four months, it says.