Clicks Group turnover up
RETAILER NEWS
IOL.co.za - Jan 18th, 08:19
Clicks Group (CLS) on Tuesday said it increased sales by 8.1% in the 18 weeks to January 1 2012.
Comparable sales grew by 4.2% with selling price inflation of only 0.4% - this particularly impacted the pharmacy category, with deflation in prescription medicines.
The company opened 13 new stores during the period.
Musica's sales declined 5.2%, driven by significant deflation of 6.3%, as well as the net closure of 10 stores versus the prior period.
The Body Shop grew sales by 10.1%, benefiting from its loyalty programme and a stronger gifting range.
Total retail sales increased by 6.7% and by 3.5% on a comparable store basis.
UPD increased wholesale turnover by 3.6%, showing real growth given the faster growth in sales of lower value generic medicines.
Total sales for the group increased by 4.9% to R5.3 billion.
Group chief executive David Kneale said that a key feature of the reporting period was selling price deflation, which averaged -0.3% during the period. - I-Net Bridge
Related Retailers
 | The Clicks GroupClicks Group is a health and beauty focused retail and supply group which has been listed on the JSE Limited since 1996. Through market-leading retail brands Clicks, Musica and The Body Shop, the group has over 590 stores across southern Africa. Clic...Click here to read more about The Clicks Group |
| The Clicks GroupClicks Group is a health and beauty focused retail and supply group which has been listed on the JSE Limited since 1996. Through market-leading retail brands Clicks, Musica and The Body Shop, the group has over 590 stores across southern Africa. Clic...Click here to read more about The Clicks Group |
| The Clicks GroupClicks Group is a health and beauty focused retail and supply group which has been listed on the JSE Limited since 1996. Through market-leading retail brands Clicks, Musica and The Body Shop, the group has over 590 stores across southern Africa. Clic...Click here to read more about The Clicks Group |
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