2010/11/18
WHL - Woolworths Holdings Limited - Trading Update [JSE Securities Exchange - SENS]
 
WOWOW                                                                           
WHL - Woolworths Holdings Limited - Trading Update                              
Woolworths Holdings Limited                                                     
(Incorporated in the Republic of South Africa)                                  
Registration number 1929/001986/06                                              
Share code:  WHL                                                                
ISIN:  ZAE000063863                                                             
("the Group")                                                                   
TRADING UPDATE                                                                  
Sales for the Group increased by 10.6% for the 20 weeks ended 14 November 2010, 
with a growth of 6.9% in comparable stores.                                     
                                  Comparable                                    
                        Sales     store      Price     Growth                   
                        growth    sales      movement  in                       
                                  growth               space                    
Woolworths               11.1%     8.3%                                         
- Clothing and general   9.3%      6.0%       1.4%      2.3%                    
merchandise                                                                     
- Food                   12.9%     11.1%      3.7%      3.0%                    
Country Road (A$)        2.6%      -10.3%               12.4%                   
Total Group              10.6%     6.9%                                         
Comparable stores in Woolworths have continued to show good volume growth in    
both Clothing and general merchandise and Food. Comparable stores in Country    
Road have been negatively impacted by the tough retail conditions in Australia. 
The Woolworths Financial Services closing debtors' book at the end of October   
2010 was level with last year. The impairment rate for the four months to       
October 2010 was 2.7%.                                                          
The external auditors have not reviewed or reported on the information provided 
in this update and it does not constitute an earnings forecast.                 
The Group's interim results for the 26 week period to 26 December 2010 are      
scheduled to be announced on or about the 17 February 2011.                     
Contact:                                                                        
Simon Susman (Group chief executive officer) on 021 407 2700                    
Norman Thomson (Group finance director) on 021 407 3337                         
Cherrie Lowe (Group secretary) on 021 407 3160                                  
Cape Town                                                                       
18 November 2010                                                                
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 18/11/2010 10:00:07 Produced by the JSE SENS Department.                  
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