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MEDIA

Media coverage


Foschini sales up 4.9% between Oct-Dec
Foschini says group sales for the three months October to December 2009 increased by 4.9%, while sales for comparable stores decreased by 1.5%.

Recession has retailers on the rack
FIGURES from clothing retailers Foschini and Truworths released this week show that consumers continue to squirm under the burden of a recession.

Upturn proves elusive for Foschini
Foschini group said the expected upturn in the economy was not yet evident as retail trading conditions remained tough and consumer spending under pressure.

Foschini interim earnings 231.9c vs 227.7c
Foschini has reported that its diluted headline earnings per share for the six months to September 2009 are at 231.9 cents, up 1.8% from the 227.7 cents.

Foschini expects difficult trading
Trading conditions for the first five months of its current financial year remained extremely tough, the Foschini group says.

A stitch in time
Manufacturer Frame Vertical Textiles may be beyond salvation, along with Frame’s denim and cotton yarn companies.

Sun still shines at malls
Foschini has languished in the shadow of its bolder and possibly more successful contemporaries on the JSE, such as Truworths and Mr Price.

Foschini improves margins
Fashion retailer Foschini has not escaped the economic turmoil, but managed to improve operating margins as a result of improved second-half trading.

Foschini trading 'above expectations'
Foschini says that Christmas trading was above expectation across all divisions with sales growth for December of 9.9% and same store growth of 3%.

STOCK OF THE WEEK
FOSCHINI delivered a lacklustre set of results for the six months to September, which were characterised by challenging trading conditions.