TFG
TFG
TFG - The Foschini Group Limited - Sales Update
THE FOSCHINI GROUP LIMITED (FORMERLY FOSCHINI LIMITED)
Reg. No.: 1937/009504/06
Code: TFG
ISIN: ZAE000148466
Sales Update
In our interim results, we indicated that trading had been encouraging and that
we were cautiously optimistic regarding trading for the remainder of the year.
Christmas trading was above expectation across all divisions with sales growth
for December of 22,5% and same store growth of 17,2%.
Compared to the corresponding period last year, group sales for the three months
October to December 2010 increased by 18,5%, whilst sales for comparable stores
increased by 13,7%.
Merchandise inflation for the period averaged 1%.
Our retail debtors` book continues to be well managed, reflecting positive
collections with net bad debt as a percentage of closing 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
17 January 2011
SPONSOR
UBS South Africa (Pty) Ltd
ENDS
Date: 17/01/2011 11:15:01 Produced by the JSE SENS Department.
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