WOOLWORTHS HOLDIN WOOLWORTHS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1929/001986/06)
Share code: WHL ISIN: ZAE000028288
("Woolworths" or "the company") GS LIMITED
Woolworths operating group increased sales for the six months from July to
December 2002 by 20,0% compared to the same period last year. Sales from
comparable stores grew by 15,8%. Sales in the first quarter were stronger but
remained at acceptable levels in the second quarter and over the Christmas
Textiles sales grew by 15,0% in total and by 12,3% in comparable stores whilst
Food sales grew by 25,2% in total and by 18,1% in comparable stores. Both
divisions continued to grow market share.
Country Road sales from continuing operations for the six months ended December
2002 increased by 3,3% in Australian dollar terms, on the previous year. This
increase was broadly in line with the Australian market and with our
expectations. Trading conditions for the six months were competitive with
considerable discounting and promotional activity from major department stores
particularly in the second quarter.
The interim results for the six months period to December 2002 are scheduled to
be published on 20 February 2003.
- END -
Contact: Simon N Susman Contact Number: 083 252 5696
Norman W Thomson Contact Number: 083 251 6354
Date: 07/01/2003 11:53:25 AM Produced by the JSE SENS Department