New Clicks Holdings Limited - Christmas Trading Up
Christmas Trading Update
Providing guidance on the Christmas trading period, Trevor Honneysett, group
leader of New Clicks Holdings, reported the following year-on-year
performance for the month of December 2001:
New Clicks South Africa + 16%
New Clicks Australia + 15% (in AU$ terms)
Commenting on individual brand performance, Honneysett said: "The
performance of our Australian brands (Priceline and House) has been
exceptionally strong, especially when compared to other Australian retailers
and given inflation in the region of around 2%. The performance of New
Clicks Australia is further greatly enhanced when converted to Rand as a
result of the relative performance of the currencies.
"In South Africa, the Clicks brand traded ahead of forecast and produced its
best Christmas performance in many years.
'We are very encouraged by the sales turnaround in Discom in December as a
result of the repositioning of the brand.
"The music division (Musica and The Compact Disc Wherehouse) traded strongly
in December and outperformed the sector.
"The Body Shop traded well ahead of expectations."
Honneysett said the recent performance was encouraging, although the group
was concerned about the generally subdued retail sector and prevailing
negative sentiment towards retail stocks.
Contact: Trevor Honneysett (021 460 1167)
Peter Green (021 460 1181)
Lennie Katzen (021 460 1154)
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