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Retail Lunch December 2005

Retail Lunch December 2005. Trading Environment. Trading environment robust Softer growth rates from clothing retailers Challenge of low inflation environment. Progress on strategy. Clothing and Home 3 year turnaround process Ladieswear progress encouraging

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Retail Lunch December 2005

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  1. Retail Lunch December 2005

  2. Trading Environment • Trading environment robust • Softer growth rates from clothing retailers • Challenge of low inflation environment

  3. Progress on strategy • Clothing and Home • 3 year turnaround process • Ladieswear progress encouraging • Menswear continues to underperform • Childrenswear and Homeware in line with expectations • Food • Good growth continues • Availability a challenge

  4. Progress on strategy • Financial Services • Debtors book growth momentum slowed • Bad debts increased slightly in line with expectations • Country Road • Good volume growth • Impact of rand strength

  5. Investment in first half • Accelerated store rollout to capitalise on growth momentum • Increased staffing and focus on service • Launch of loyalty programme

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