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Retail Lunch December 2005

In December 2005, the retail trading environment remains robust despite softer growth from clothing retailers facing low inflation challenges. The three-year turnaround process for clothing and home categories shows promising progress, with ladies' wear performing well, while menswear still underperforms. Childrenswear and homeware meet expectations. In food retail, good growth continues, albeit with availability challenges. The financial services sector experiences slowed debtor book growth with a slight increase in bad debts. Country Road shows good volume growth, aided by a strong rand and strategic investments.

demetrius-manning
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Retail Lunch December 2005

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Presentation Transcript

  1. Retail Lunch December 2005

  2. Trading Environment • Trading environment robust • Softer growth rates from clothing retailers • Challenge of low inflation environment

  3. Progress on strategy • Clothing and Home • 3 year turnaround process • Ladieswear progress encouraging • Menswear continues to underperform • Childrenswear and Homeware in line with expectations • Food • Good growth continues • Availability a challenge

  4. Progress on strategy • Financial Services • Debtors book growth momentum slowed • Bad debts increased slightly in line with expectations • Country Road • Good volume growth • Impact of rand strength

  5. Investment in first half • Accelerated store rollout to capitalise on growth momentum • Increased staffing and focus on service • Launch of loyalty programme

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