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MUSICA

THE CLICKS GROUP

Musica is the largest retailer of music and related entertainment merchandise in the country. Musica has expanded beyond its traditional core music business to a broader range of entertainment products, including DVDs (music and movies), gaming (including computer games), lifestyle accessories (clothing, figurines, novelty goods) and online entertainment. 

Musica

INTRODUCTION

Musica’s performance slowed in the second half and turnover for the year was 5.9% lower as the decline in the CD and DVD markets accelerated. Musica maintained market shares and showed good growth in gaming, technology and accessories. The Body Shop’s operating profit increased by 3.5% despite the brand experiencing price deflation of 6.6%. 

STRATEGY

Musica plan on reshaping the business. A robust approach to lease renewals will be undertaken to try and heavily negotiate the rentals that Musica ar epaying at the moment. They will try and bring the rentals down. Musica is also expected to close at least 10 stores in the 2012 financial year.  

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Musica continues store closures
26/04/2013 - 10:51
Clicks Group says that its music and entertainment retailer, Musica, performed well in results for the six months ended February 2013, and this despite the net closure of eight stores.

Musica hit by store closures
24/01/2013 - 09:47
Clicks Group says that its music and entertainment retailer, Musica, has been impacted by the closure of several stores.

Musica bullish despite iTunes arrival
18/01/2013 - 08:28
Musica, the South African music and entertainment retailer, is optimistic that the arrival of iTunes in South Africa will complement its offering and stimulate the local music industry.

Clicks profit grows 9%
19/10/2012 - 09:03
Johannesburg - Retailer Clicks Group [JSE:CLS] reported a near 10% rise in full-year profit on Thursday, as relatively low inflation helped support consumer spending.