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Massmart’s 2016 sales reach R91.2bn

16th January 2017

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

     

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South African retail management group Massmart’s total sales for the year to December 25, increased by 7.7% to R91.2-billion, boosted by a 5.4% increase in comparable store sales.

The company added that the figures were also enhanced by an estimated 6.7% rise in product inflation.

“As a general remark on recent trends, there was a slight pick-up in South African sales growth but a continued decline in non-South African sales growth,” the group said in a statement.

Massdiscounters recorded sales growth of 5.3% for the 52-week period, Masswarehouse 11%, Massbuild 5.6% and Masscash 7.5%.

The full-year results are expected to be released on February 23.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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