|
JD GROUP LIMITED - SALES UPDATE FOR THE FIRST FOUR MONTHS TO 15 JANUARY 2004
JD GROUP LIMITED
(Reg. No. 1981/009108/06)
JSE code: JDG
NSX code: JDL
ISIN: ZAE000030771
(`JD` or `the Group`)
Sales update for the first four months to 15 January 2004
Southern Africa
The first four months trading period to 15 January 2004 has been a highly
successful one for JD. Total merchandise sales for the Group grew strongly by
23% against the same period last year, on a same store basis.
The Group experienced no price inflation in furniture and 3% deflation in
electrical goods. These numbers exclude Hi-Fi Corporation which experienced 25%
price deflation. Excluding Hi-Fi Corporation, furniture sales contributed 39%
and electrical goods 61% to total sales, compared to 44% and 56% respectively
for the same period last year. Lower retail prices resulted in this increased
demand for electrical goods.
Every effort has been made to ensure adequate availability of product and
current inventories stand at within 5% of budgeted levels.
By division, same store merchandise sales growth was as follows:
% Change Increase in store
numbers since year
end
Barnetts 39% -
Bradlows 12% -
Electric Express 15% 1
Hi-Fi Corporation 29% 1
Joshua Doore 14% 1
Morkels 31% -
Price `n Pride 27% -
Russells 17% 1
Trading was strong across all of the chains, notwithstanding a conservative
approach towards credit granting. However, whilst Barnetts and Morkels showed
very gratifying growth, it must be borne in mind that these chains are coming
off a relatively low base.
The Group`s performance reflects the continued strength of our brands and our
ability to service our target market appropriately. With reduced interest rate
levels and a positive outlook for the election year, we expect that trading
conditions in the remainder of the financial year will continue to be buoyant.
Europe
Abra sales of merchandise increased by 18% in Polish zloty terms. Their store
base was up from 26 to 33 during the period. In GBP sterling terms,
BoConcept(r) raised merchandise sales by 22% compared to the same period in the
prior year. BoConcept(r)`s store base remains at eight.
19 January 2004
Enquiries:
JD Group Limited
Tel: + 27 11 408 0213
Jan Bezuidenhout, Director Corporate Services
College Hill
Tel: + 27 11 447 3030
Angela Parr
Sam Denoon-Stevens
Lead Sponsor
Barnard Jacobs Mellet
Corporate Finance (Pty) Ltd
Reg No: 1995/004798/06
Joint Sponsor
PSG Capital Limited
Reg No: 1970/008484/06
Date: 18/01/2005 02:40:04 PM
Produced by the JSE SENS Department
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
