Clicks enjoyed faster retail sales growth this Christmas than in 2015, it said in a trading update on Thursday morning. The group, which owns Musica and the South African franchise of The Body Shop, along with its flagship Clicks chain, reported retail sales growth of 12.2% in the 20 weeks ended January 15. This was an improvement on the 9.6% for the 20 weeks to January 18 2015. But the group’s overall turnover, which includes its pharmaceutical wholesaler UPD, slowed to 8.6% from 13.9% in the matching period in 2015. The group’s turnover for the 20 weeks came to R10bn, the company said in its trading statement. Sales growth accelerated to 13.6% from 10.3% in the matching 20 weeks in 2015 for the Clicks chain. Excluding new stores, the Clicks chain grew sales 9.6% while product inflation was 5.4% "Customer behaviour continues to reflect a shift to shopping later in the festive season and Clicks reported record trading days in the week ahead of Christmas," CEO David Kneale said. "We ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.