2011/11/17
WHL - Woolworths Holdings Limited - Trading update: 20 weeks to 13 [JSE Securities Exchange - SENS]
 
WOWOW                                                                           
WHL - Woolworths Holdings Limited - Trading update: 20 weeks to 13              
November 2011                                                                   
Woolworths Holdings Limited                                                     
(Incorporated in the Republic of South Africa)                                  
Registration number 1929/001986/06                                              
Share code:  WHL                                                                
ISIN:  ZAE000063863                                                             
("the Group")                                                                   
TRADING UPDATE: 20 WEEKS TO 13 NOVEMBER 2011                                    
Group sales for the first 20 weeks of the 2012 financial year increased         
by 10.3% over the comparable period in 2011.  Sales in comparable stores        
grew by 7%.                                                                     
Clothing sales in South Africa grew by 9.5% with a price movement of            
6.6%.  Sales in comparable stores grew by 5.9%.                                 
Food sales grew by 10.8% with a lower than expected price movement of           
3.5%.  Sales in comparable stores grew by 7.2%.                                 
General merchandise, which remains impacted by the reduction of the             
cellular handset business grew by 3.4% and by 2.5% in comparable stores.        
South African retail space, excluding franchise conversions, grew by            
2.5%. Franchise store conversions are on track with 50 stores now               
converted.  A further 8 will be converted during the balance of the year        
and 17 stores will remain franchised.  Converted franchise stores are           
treated as non-comparable.                                                      
Sales in Australia (A$) contracted by 0.8% with sales in comparable             
stores declining by 4.5%. Space in Australia grew by 4.9%.  Country             
Road's South African sales are included in the South African clothing           
segment.                                                                        
The Woolworths Financial Services debtors' book reflected year on year          
growth of 3.9% at the end of October 2011. The impairment rate for the          
four months to October 2011 was 1.74% compared with 2.70% for the               
equivalent period last year.                                                    
The external auditors have not reviewed and 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 25 December 2011          
are scheduled to be announced on or about the 16 February 2012.                 
Contact:                                                                        
Ian Moir (Group chief executive officer) on 021 407 2809                        
Norman Thomson (Group finance director) on 021 407 3337                         
Cape Town                                                                       
17 November 2011                                                                
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 17/11/2011 09:30:01 Produced by the JSE SENS Department.                  
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Source: JSE Securities Exchange - SENS
 
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