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.
FURNITURE retailer Lewis says it plans to expand its existing 582 stores to 700, as it focuses on smaller-format stores to boost margins.
JOHANNESBURG (Reuters) - South African furniture retailer Lewis plans to increase store numbers by a fifth in the next two to three years in a bet on recovery in Africa's top economy.
Johannesburg - Furniture retailer Lewis Group [JSE:LEW] reported a forecast-beating 20.6% rise in full-year profit, helped by a decline in debtor costs as consumer spending slowly recovers.
Johannesburg, May 23 (I-Net Bridge) - The improved economic health of its customers had led to an increase in sales and credit collections for furniture retailer Lewis Group (LEW), said CE Johan Ensli..
Cape Town – Furniture retailer Lewis Group posted a strong trading performance for the financial year to March 2011 and increased headline earnings per share by 21.6% to 781 cents.
Furniture retailer Lewis Group is benefiting from improved trading conditions and debtor collections, despite continued high levels of unemployment.
FURNITURE retailer Lewis said on Friday its merchandise sales for the third quarter ended December had increased 13%, as the company continued to benefit from its policy of working to "re-serve" customers.
Furniture retailer Lewis Group said yesterday that pretax profit rose 14% in the six months to September as sales increased and bad debt costs stabilised
Exclusive merchandise and an improved trading environment has seen furniture retailer Lewis Group (LEW) increase bottom-line profit by 14.5%.
Furniture retailer Lewis Group increased headline earnings per share by 14.5% to 332.5 cents in the six months to September 2010 as merchandise sales grew by 11.2% and credit collections continued to improve.
Retail sales figures grew for the
fifth consecutive month to 4.6% year-on-year for the three months ended May,
indicating that consumers are slowly releasing their spending brakes and
dipping into ..
Johan Enslin - he's 36 years old. And yet after being in the hot seat for barely a year, Johan Enslin – CEO of household furniture and home appliances group Lewis – has taken the investment community into h..
Furniture retailer Lewis Group lifted revenue by 8% to R4.1 billion in the year to March 2010 as the early signs of improving economic conditions started to benefit consumers, while improved margins increased t..
AFTER A TORRID 2009, this year may yet be another rough one for South Africa's furniture stocks, despite signs of economic recovery. That's because the sector's recovery largely hinges on two factors: ..
Furniture retailer Lewis increased merchandise sales by 11.7 percent last month, astonishing analysts who had expected a dismal performance for durable goods retailers over the festive season.
Furniture retailer Lewis Group continues to earn solid returns
We are excited to launch this website as a key information and communication portal on the corporate social initiatives of the Lewis Group.
Furniture retailer Lewis Group has continued to show an improving trend in revenue growth in the six months to end September 2009, with revenue increasing 7.9% to R1.95 billion and merchandise sales up ..
Revenue grows 6% despite tough times
The passing of the National Credit Act nearly two years ago limited the number of customers who were overextended and many had now paid off earlier debt and ..
Furniture retailer Lewis Group delivered a resilient performance in the year to 31 March 2009 as the group posted solid revenue growth, strong cash flows and maintained its dividend at 323 cents per s..