Lewis Results

August 21, 2012 |
Lewis Results Lewis ResultsLewis 4-month sales up 5%
Furniture retailer Lewis Group said on 17 August 2012 that sales for the four months ended July 2012 increased by 5%‚ from the same period a year ago. “Trading in April 2012 was challenging mainly as a result of the Easter holiday period. However‚ sales improved steadily from May onwards‚ with sales for June and July 2012,showing an increase of 6% for the two months‚” said CE Johan Enslin at the company’s annual general meeting held in Cape Town on 17 August 2012. Collections during April 2012 were also affected by the holidays but had improved since May 2012. This had resulted in debtor costs for the quarter to June 2012 of R134.8 million‚ which was consistent with the figure for the corresponding period last year (2011)‚ he said.
Source:
Moneyweb, dated 17 August 2012
Currently it is anticipated that similar to Lewis, House and Home a division of the Shoprite Checkers Group as well as the JD Group will show positive YOY growth, however on the other hand, EHL which is part of ABIL may be trading behind its competitors and results could be flat to even down on the previous years trading. We wait in anticipation to see the other furniture retailers results.

Category: Blog

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