Re­tailer re­ports 7.7% sales in­crease

The Star Early Edition - - NEWS -

RE­TAILER Mass­mart said yes­ter­day that its to­tal sales in­creased to R91.2 bil­lion, which was a growth of 7.7 per­cent for the 52 weeks to De­cem­ber 25. The group said com­pa­ra­ble store sales rose 5.4 per­cent, while prod­uct in­fla­tion was estimated at 6.7 per­cent. Mass­mart owns brands such as Game, Makro, Builder’s Ware­house and CBW. The group said there was a slight pick-up in South African sales growth, but for­eign sales con­tin­ued to fall. It said sales at Mass­ware­house in­creased by 11 per­cent com­pared with 4.7 per­cent for the pre­vi­ous cor­re­spond­ing pe­riod. Mass­mart shares added 3.71 per­cent to close at R131.11 yes­ter­day. – Manyane Manyane

PHOTO: BLOOMBERG

Mass­mart Hold­ings, which owns Game, says sales rose last year.

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