Foschini Group posts results

Interim results from Foschini Groups shows that the sports division (Totalsports, Sportscene, DueSouth) has posted 9.8% turnover growth and same store growth of 3.2%. Their focus remains on leveraging World Cup 2010, where they are the partner of choice for several leading brands. The store counts have increased by 15 stores to a total of 234.

Once again the sports division out-performed the fashion division, except for the Markham division, which reported turnover growth of 12.6% and same store growth of 6.1%. The store base was increased by 10 to a total of 211 stores.

The Foschini division reported a turnover loss of 4.2% and same store loss of 8.8%. They increased the store base by 14 stores to a total of 414.