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Mr Price reports sales growth

Aug 26 2011 08:39 I-Net Bridge

Company Data

MR PRICE GROUP LIMITED [JSE:MPC]

Last traded 159.69
Change 2.18
% Change 0.01
Cumulative volume 312493
Market cap 40.11bn

Last Updated: 24/04/2014 at 03:54. Prices are delayed by 15 minutes. Source: McGregor BFA

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Tough year for retailers

 
Johannesburg - Clothing and homeware retailer Mr Price Group [JSE:MPC] on Friday said that total sales in the first four months of its new financial year had grown by 9.2%, with cash sales constituting 81.6% of total sales.

Sales grew 15.8% in April, 10.5% in May, 2.8% in June and 6.6% in July.

"This irregular pattern is due to the high sales base arising from the extended school holidays associated with the Fifa 2010 World Cup in June and July 2010," the group said.

The apparel division, which represents 71.5% of group sales and comprises Mr Price, Mr Price Sport and Miladys, reported sales growth for the period to August 6 of 9.1% and comparable sales growth of 5.3%.

The home division, comprising Mr Price Home and Sheet Street recorded sales growth of 9.2% and an increase in comparable sales of 10.1%. 
mr price group
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