Massmart boasts 15.2% sales rise
FMCG SUPPLIER NEWS
Fin24 - Jan 12th, 15:53
Johannesburg - Retail group Massmart Holdings [JSE:MSM] reported on Wednesday that the group's total sales for the 26 weeks to December 2011 had increased to R31.6bn, representing growth of 15.2% over the prior 26-week period, with year-to-date inflation estimated at 1.1%.
Comparable store sales increased by 9.2%.
Massdiscounters sales grew by 11.5% (4.6% comparable) with deflation of 5.0%, while Masswarehouse sales grew by 18.4% (11.6%) with inflation of 2.3%, Massbuild sales grew by 12.8% (8.7%) with inflation of 0.5%, and Masscash sales grew by 16.5% (10.9%) with inflation of 5.2%.
Massmart's reviewed interim financial results for the 26 weeks to December 2011 will be released on February 22 2012
Related Retailers
 | MassmartThe Massmart Group comprises nine wholesale and retail chains, and one buying group - 288 stores and 470 buying Group members all focused on high-volume and low-cost distribution. They operate in 14 countries in sub-Saharan Africa through the Groupâ€...Click here to read more about Massmart |
| MassmartThe Massmart Group comprises nine wholesale and retail chains, and one buying group - 288 stores and 470 buying Group members all focused on high-volume and low-cost distribution. They operate in 14 countries in sub-Saharan Africa through the Groupâ€...Click here to read more about Massmart |
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