Lewis Group today reported an 11% increase in headline earnings to R372 million for the six months ended September 2012 as trading conditions in the furniture retail sector remained challenging. The interim dividend has been increased by 23.3% to 212 cents per share. Chief executive, Johan Enslin, said merchandise sales have shown an improving growth…
Furniture retailer Lewis Group said on Friday that sales for the four months to the end of July increased by 5% from the same period a year ago. “Trading in April was challenging mainly as a result of the Easter holiday period. However, sales improved steadily from May onwards, with sales for June and July…
Furniture retailer Lewis Group’s strategy to open smaller-format stores in high-density trading areas is paying off by generating sales on a par with bigger stores, but at significantly lower cost. This, along with new merchandise, better credit sales and higher collections, helped the group perform well in the year to March. Forty new stores were…
