FOS
FOS
FOS - Foschini Limited - Sales Update
FOSCHINI LIMITED
Reg. No.: 1937/009504/06
Code: FOS
ISIN: ZAE000031019
Sales Update
In our interim results, we indicated that we expected the retail environment to
be difficult for the remainder of the year as consumers have to contend with
high interest rates and high inflation.
Christmas trading was above expectation across all divisions with sales growth
for December of 9,9% and same store growth of 3%.
Group sales for the 3 months October to December 2008 increased by 8,7% whilst
same store sales grew by 2,7%. Average merchandise inflation for the period was
approximately 7,5%.
Our retail debtors` book continues to be well managed, reflecting positive
collections with net bad debts as a percentage of debtors` book at similar
levels to those reported in our interim results.
This sales update has not been reviewed or reported on by the company`s external
auditors.
Cape Town
16 January 2009
SPONSOR
UBS South Africa (Pty) Ltd
-ENDS
Date: 16/01/2009 08:00:03 Produced by the JSE SENS Department.
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