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Woolworths positive about Namibian prospects

Oct 28 2014 14:22
Fin24

(Supplied)

Company Data

WOOLWORTHS HOLDINGS LIMITED [JSE:WHL]

Last traded 44
Change 0
% Change 1
Cumulative volume 2140436
Market cap 0

Last Updated: 01/01/0001 at 12:00. Prices are delayed by 15 minutes. Source: McGregor BFA

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Cape Town - In October, Woolworths [JSE:WHL] will open its ninth store in Namibia at The Grove in Windhoek.

The store, which is 2 400m², offers a range of clothing and general merchandise including beauty. In addition, the store will also have the largest food market to date in Namibia at 480m².

“Woolworths has had great success in Namibia and we are very excited about our new store at The Grove,” said Paula Disberry, Woolworths group director, retail operations.

“Having traded in Namibia for a number of years, the customers are now familiar and loyal to the Woolworths brand. We are delighted to be able to meet our customers’ expectations by opening a new store and we are optimistic about our future in Namibia.”

With the opening of The Grove, Woolworths now has over 250 employees in Namibia.

"We are actively investing in staff development programmes with an emphasis on building skills. This new store in Windhoek is another example of our ongoing commitment to our African business as we deliver on our strategy to be a leading Southern Hemisphere retailer,” said Disberry.

The opening of The Grove will also coincide with the recent launch in Namibia of the WRewards loyalty programme.

Woolworths is excited to have the opportunity to partner with local suppliers as part of its fresh food offering in the country.

There are currently 64 stores in 11 countries outside South Africa including Botswana, Namibia, Lesotho, Swaziland, Ghana, Kenya, Tanzania, Uganda, Zambia, Mozambique and Mauritius.

- Fin24

woolworths  |  namibia  |  retail
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