South African retailer Woolworths Holdings has reported a near-12% rise in half-year underlying food sales.
Woolworths, seen as an upmarket retailer in South Africa, said food sales in comparable stores were up 11.8% in the 26 weeks to 29 December.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The retailer said comparable-store clothing sales increased 10.7%. General merchandise comparable-store sales rose 5.1%. The company did not provide a figure for its total sales.
Woolworths is due to report its full results for the first half of its financial year next month.
At the end of June last year, Woolworths had 366 food stores, including 49 Engen convenience stores and 20 outlets outside South Africa.
In an analyst presentation in August, it forecast it would have 385 food stores, including 66 Engen c-stores. Woolworths said its food stores outside South Africa would hold steady at 20.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataIn November, Woolworths announced the closure of its three non-food stores in Nigeria.
