TFG
TFG
TFG - The Foschini Group Limited - Sales Update
THE FOSCHINI GROUP 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 (27 November 2011 to 31 December 2011) of 17,3% and same
store growth of 11,4%, notwithstanding the high sales growth base in the
corresponding prior period of 22,5%.
Compared to the corresponding period last year (26 September 2010 to 1
January 2011), group sales for the three months October to December 2011 (25
September 2011 to 31 December 2011) increased by 17,2%, whilst sales for
comparable stores increased by 11,0%.
Merchandise inflation for the period averaged 6%.
Our retail debtors` book continues to be well managed, with collections in
line with management expectation.
This sales update has not been reviewed or reported on by the company`s
external auditors.
Cape Town
18 January 2012
SPONSOR
UBS South Africa (Pty) Ltd
Date: 18/01/2012 09:01:40 Produced by the JSE SENS Department.
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