Skip to main content

Clicks enjoys a merrier Christmas

| Retailer trading results

Clicks enjoyed faster retail sales growth this Christmas than in 2015, it said in a trading update on. 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 continued to experience buoyant trading in the period after Christmas, driven mainly by value promotions across all categories.

"In the months ahead we expect Clicks to maintain its competitive market position. This will be driven by our value offer to customers and the continued expansion of the Clicks store and pharmacy footprint, underpinned by the relative resilience of the health and beauty markets in which we trade."

UPD increased turnover by 6.4%, ahead of selling price inflation, which averaged 4.3% for the period.

Clicks expects to release its interim results for the six months to end-February on April 21.

Pin It

Related Articles

Pick n Pay feels the pain – expects over R3 bil...

By: Shaun Jacobs – Daily Investor In a trading statement for the 52-week period that ended 25 February 2024, Pick n Pay said it expects the company to post a loss of between R3.14 billion and R3.38 billion for the 2024 financial year.&n...

Clicks reports resilient first-half as earnings...

By Jacqueline Mackenzie - Business Live The group expects full-year Heps to increase by between 10% and 15%

Positive growth continues for The SPAR Group

SPAR Group turnover increased by 8.8% for the 24 weeks ended 15 March 2024, with a well-maintained policy of continued capital investment  across the wholesale and retail value chain.

Unaudited results for the 26 weeks ended 31 Dec...

Double-digit growth sees half year sales reaching R121 billion - Group sale of merchandise increased by 13.9% to R121.1 billion - Supermarkets RSA sale of merchandise increased by 14.6% to R97.5 billion - Diluted headline earnin...

Woolies online sales skyrocket — but still weak...

By: Staff Writer - MyBroadband South African fashion, home, and grocery retailer Woolworths saw online sales surge during the first half of its 2024 financial year. For the 26 weeks ending 24 December 2024, online sales in the fashion, beauty an...