FMCG News South Africa

Lewis Group revenue up up 7.4%

Furniture chain Lewis Group's revenue for the four months ended July 2008 increased by 7.4% compared to a 10% increase in revenue for the same period last year, the group's CEO, Alan Smart, said Friday.

He told the group's annual general meeting: "Trading conditions remain difficult with no clear pattern of trade emerging. Store promotions and the application of re-serve strategies to settled, current and new customers has been a prime focus in maximising sales opportunities."

Referring to the debtors' book, Smart said that collections for the three months ended June 2008 were 98% of budget.

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