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    Massmart's 26-week sales rise 13.3% to R27.5bn

    Massmart Holdings reported on Wednesday, 12 January 2011, that total sales for the 26 weeks to December 2010 increased to 27.5 billion rand, representing growth of 13.3% over the prior 26-week period, with year-to-date deflation estimated at 2.9%.

    Comparable store sales increased by 7.3%.

    Total (and comparable) sales growths for each division for the 26-week period, and the financial year-to-date inflation rates, for Massdiscounters grew by 14.4% (9.0% comparable) with deflation of 8.2%; for Masswarehouse grew by 10.7% (7.8%) with deflation of 1.2%; for Massbuild grew by 18.6% (11.8%) with inflation of 0.3%; and for Masscash grew by 12.4% (4.2%) with deflation of 1.3%.

    Massmart's reviewed interim financial results for the 26 weeks to December 2010 will be released on 24 February.

    Source: I-Net Bridge

    For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

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