Subscribe & Follow

Advertise your job vacancies

Jobs

Massmart sales up 15.2%

12 Jan 2012

Retail group Massmart Holdings (MSM) reported on Wednesday, 11 January, that the group's total sales for the 26 weeks to December 2011 had increased to R31.6 billion, representing growth of 15.2% over the prior 26-week period, with year-to-date inflation estimated at 1.1%.

Comparable store sales increased by 9.2%.

Massdiscounters's sales grew by 11.5% (4.6% comparable) with deflation of 5.0%, while Masswarehouse's sales grew by 18.4% (11.6%) with inflation of 2.3%, Massbuild's sales grew by 12.8% (8.7%) with inflation of 0.5%, and Masscash sales grew by 16.5% (10.9%) with inflation of 5.2%.

Massmart's reviewed interim financial results for the 26 weeks to December 2011 will be released on 22 February 2012.

Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

Go to: http://www.inet.co.za