Woolworths Holdings Limited
Woolworths Southern African operations increased sales for the six months
from July to December 2001 by 17.2% (Textiles: 10.6%, like-for-like
approximately 8%; and Foods: 24.3%, like-for-like approximately 14%) against
the same period for the previous year.
"A solid performance in the festive season contributed to December sales
increasing in Textiles by 11.4%, like-for-like approximately 8.5%; and Foods
up 24.7%, like-for-like approximately 18.5%, compared to sales for the
Christmas trading period last year", said Simon Susman, Chief executive
officer of Woolworths Holdings Limited.
He continued, "Although food sales for the six month period had been boosted
by the roll-out of convenience stores, like-for-like stores also showed real
growth. Clothing sales had improved as a result of better ranges, which
have been particularly well received by customers. This has resulted in
market share gains across all areas of the business."
The interim results for the six month period to December 2001 will be
published on 21 February 2002.
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CONTACT :Simon Susman : Chief Executive Officer - 083 252 5696
Norman Thomson : Acting Financial Director - 083 251 6354
Cherrie Lowe : Head of Corporate Governance - 083 308 2933
Date: 09/01/2002 02:48:00 PM Produced by the JSE SENS Department