Opening of more stores boosts Cashbuild
BusinessLive - Jan 23rd 2018, 08:30
Opening more stores in SA helped to raise Cashbuild’s revenue 4% in the second quarter of its 2018 financial year, which ends in June.
The group specialises in building materials and products sold directly to the public.
Cashbuild said on Monday that the 39 new stores it opened or acquired since July 1, 2016, contributed 5% of the revenue increase.
During the second quarter of 2017, Cashbuild added 11 new stores, which included eight Cashbuild and three P&L Hardware stores.
That brought the total number of stores trading at the end of the quarter to 317.
Cashbuild also operates in countries such as Malawi, Botswana, and Zambia.
The retailer’s gross profit margin percentage was slightly lower than the percentage reported for the first half of the previous financial year.
The number of transactions at its tills increased 1% on that of the matching period, with new stores increasing 4% and existing stores decreasing 3%, the group reported.
The share price fell 2.4% on Monday to close at R456, giving the company a market cap of R11.6bn.
Cashbuild opened its first store in 1978 and was listed on the JSE’s main board in 1986.
© BusinessLIVE MMXVIII
Checkers brings world-class retail to Constantia with new flagship store
27/11/2019 - 13:01
Checkers has opened the doors to its state-of-the-art 2 330 m² flagship supermarket at the Constantia Emporium as the retailer continues to take innovation to new heights.
Woolworths carves out market share in SA
27/11/2019 - 10:11
In Australia, David Jones's sales declined 2.1%, with the company saying a store refurbishment contributed to the decline.
Gearing FMCG manufacturing for the red season spike and maximising profits all year round
25/11/2019 - 11:03
As we enter the festive season, demand for Fast-Moving Consumer Goods (FMCG) increases rapidly, often leaving manufacturers scrambling to fulfill orders from their distribution channel. If demand cannot be met, then loss of revenue is inevitable. However, over-production is not an ideal solution either, as it can leave manufacturers sitting with unsold stock that costs money to store.
Pick n Pay shares five of its Black Friday deals
25/11/2019 - 10:10
Pick n Pay has released five of its nationwide in-store Black Friday deals as a teaser of what customers can expect this Friday.
Checkers pioneers new 60-minute grocery delivery service
25/11/2019 - 09:53
Checkers has launched its exclusive on-demand one-hour grocery delivery service named Sixty60. It is South Africa’s first 60-minute grocery delivery service from a supermarket chain, as Checkers relentlessly innovates to respond to customers’ demands for hyper-convenience.