WHL
WOWOW
WHL - Woolworths Holdings Limited - Trading Update
Woolworths Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number 1929/001986/06
Share code: WHL
ISIN: ZAE000063863
("the Group")
TRADING UPDATE
Sales for the Group increased by 10.6% for the 20 weeks ended 14 November 2010,
with a growth of 6.9% in comparable stores.
Comparable
Sales store Price Growth
growth sales movement in
growth space
Woolworths 11.1% 8.3%
- Clothing and general 9.3% 6.0% 1.4% 2.3%
merchandise
- Food 12.9% 11.1% 3.7% 3.0%
Country Road (A$) 2.6% -10.3% 12.4%
Total Group 10.6% 6.9%
Comparable stores in Woolworths have continued to show good volume growth in
both Clothing and general merchandise and Food. Comparable stores in Country
Road have been negatively impacted by the tough retail conditions in Australia.
The Woolworths Financial Services closing debtors` book at the end of October
2010 was level with last year. The impairment rate for the four months to
October 2010 was 2.7%.
The external auditors have not reviewed or reported on the information provided
in this update and it does not constitute an earnings forecast.
The Group`s interim results for the 26 week period to 26 December 2010 are
scheduled to be announced on or about the 17 February 2011.
Contact:
Simon Susman (Group chief executive officer) on 021 407 2700
Norman Thomson (Group finance director) on 021 407 3337
Cherrie Lowe (Group secretary) on 021 407 3160
Cape Town
18 November 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 18/11/2010 10:00:07 Produced by the JSE SENS Department.
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