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Johannesburg - High-end retailer Woolworths [JSE:WHL] reported a 55% jump in sales over the first half of the year after receiving a boost from its acquisition of Australian department store David Jones.
Woolworths, which sells products similar to those of Britain's Marks and Spencer, said that without including the impact of David Jones, whose acquisition was effective in August 2014, group sales grew by 12.5%.
READ: Woolworths 20-week sales jump on Australia deal
Clothing sales in its home market rose by 9.4%, food increased by more than 14% and general merchandise was up 8.3% in the 26 weeks to December 28.
Other retailers also reported growth in revenue this week. Massmart Holdings [JSE:MSM], the South African unit of Walmart Stores, said on Wednesday annual sales had risen over 10%.
READ: Massmart full-year sales increase
Shoprite [JSE:SHP] said sales grew 12.5% in the six months to end-December after a strong festive season performance.
Woolworths shares were up 3.7% at 78.47 at 09:50.
Woolworths, which sells products similar to those of Britain's Marks and Spencer, said that without including the impact of David Jones, whose acquisition was effective in August 2014, group sales grew by 12.5%.
READ: Woolworths 20-week sales jump on Australia deal
Clothing sales in its home market rose by 9.4%, food increased by more than 14% and general merchandise was up 8.3% in the 26 weeks to December 28.
Other retailers also reported growth in revenue this week. Massmart Holdings [JSE:MSM], the South African unit of Walmart Stores, said on Wednesday annual sales had risen over 10%.
READ: Massmart full-year sales increase
Shoprite [JSE:SHP] said sales grew 12.5% in the six months to end-December after a strong festive season performance.
Woolworths shares were up 3.7% at 78.47 at 09:50.
