FOSCHINI LTD
Reg. No.: 1937/009504/06
Code : FOS
ISIN : ZAE000031019
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Sales Update
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In our interim results, we indicated that we expected the retail environment to
continue to be difficult for the remainder of the year.
Compared to the corresponding period last year, group sales for the three months
October to December 2009 increased by 4,9%, whilst sales for comparable stores
decreased by 1,5%.
In line with management expectations, stock was tightly controlled and expected
gross margins should be maintained.
Our retail debtors' book continues to be well managed, reflecting positive
collections with net bad debt as a percentage of closing debtors' book at the
same levels as reported in our interim results.
This sales update has not been reviewed or reported on by the company's external
auditors.
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Cape Town
15 January 2010
SPONSOR
UBS South Africa (Pty) Ltd
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ENDS
Date: 15/01/2010 15:00:02 Produced by the JSE SENS Department.
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