CLICKS: 19,807 0 (0.00%)
Promotions lift South Africa's Clicks 20-week sales
JOHANNESBURG, Jan 22 (Reuters) - South Africa's retail
pharmacy group Clicks reported a 7.8 percent increase
in 20-week sales on Tuesday as health and beauty products
appealed to thrifty consumers in a deteriorating consumer
South African shoppers are feeling the impact of higher
value-added tax, unemployment and fuel prices but promotional
offers, competitive pricing and trading during the Christmas
period buoyed sales.
Group comparable store sales rose 4.5 percent in the
20-weeks to Jan. 13, the retailer said in a trading update.
Group Chief Executive Vikesh Ramsunder said promotions and
affordable pricing buoyed sales momentum and sustained volume
growth despite pressures on consumer disposable income.
Ramsunder is betting on the continued resilience of Clicks'
core health and beauty products as "the current pressure on
consumer disposable income is unlikely to improve in the months
Clicks, which competes with Dis-Chem, said retail
health and beauty sales, including franchise brands The Body
Shop, GNC and Claire's, increased by 8.6 percent, while
comparable sales increased 5.1 percent.
(Reporting by Nqobile Dludla
Editing by James Macharia)
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