rowth continues in all fo

Strategic Vision 2014

Our Strategic Agenda has remained consistent and we have maintained its implementation momentum throughout this period.

The focus remains on increasing comparable store sales growth through aggressive trading, supply chain development and the addition of Financial Services. This year we opened and commissioned a new Massdiscounters Gauteng Regional Distribution Centre, and soft-launched the Builders Warehouse credit card in partnership with third party credit provider, RCS. We also implemented several new systems improving our replenishment and space planning capabilities.

Private Label products continue to out-perform total sales, contributing 5.7% to our total sales.

In terms of growth, we continued to add space through opening profitable new stores and acquiring businesses. We are currently awaiting Competition Authorities’ approval for the acquisitions of Rhino and Fruitspot.

Over the next few months, the Strategic Agenda will be augmented with outcomes of the Walmart integration process.