85
Fashion Jobs
JO MALONE LONDON
Education Manager, Jml/lm
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Senior HR Operations Executive/ Assistant Manager
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager (Franchise)
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Commercial, Adigolf, Vietnam 1
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager 1 (Franchise)
Permanent · HO CHI MINH CITY
COLUMBIA
lo Costing & Engineering Manager
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Category Manager - Cpd
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Business Planning Manager - Cpd
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager Product Creation (Sportwear)
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Product Manager - Shu Uemura
Permanent · HO CHI MINH CITY
ADIDAS
Manager, Quality Product Integrity
Permanent · HO CHI MINH CITY
TAPESTRY
Manager, Manufacturing Engineer
Permanent · HO CHI MINH CITY
SPECIALIZED
Painting Quality Engineer - Bình Dương, Vietnam
Permanent ·
ON RUNNING
Social Compliance Specialist - Hcm Based
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Sourcing Operations
Permanent · HO CHI MINH CITY
WILLIAMS SONOMA
Wood Sustainability Specialist - (Global)
Permanent · THUẬN AN
PUMA
Manager Quality Apparel & Accessories
Permanent · HO CHI MINH CITY
PUMA
Senior Executive, Finance
Permanent · HO CHI MINH CITY
PUMA
Head of Quality Footwear
Permanent · HO CHI MINH CITY
PUMA
Quality Engineer Cobra
Permanent · HO CHI MINH CITY
PUMA
Key Account Manager, Marketplace E-Com
Permanent · HO CHI MINH CITY
ON RUNNING
Head of Footwear Sourcing
Permanent · HO CHI MINH CITY
By
Reuters
Published
May 28, 2009
Reading time
2 minutes
Download
Download the article
Print
Text size

Foschini says sales improving, cautious on yr ahead

By
Reuters
Published
May 28, 2009

JOHANNESBURG, May 28 (Reuters) - South African clothing retailer Foschini Ltd (FOSJ.J) reported a 2.8 percent rise in annual diluted headline earnings per share and said a second-half recovery in sales had continued so far this year.


Foschini

However the company said it did not expect much further improvement in trading conditions until the second half of the new financial year.

The company said in a press release that turnover for the year to end March rose 5.5 percent to 8.1 billion rand ($1 billion) while diluted headline EPS inched up to 553 cents, after falling in the first half of the year.

Local retailers have been struggling as consumers rein in spending to cope with relatively high interest rates and inflation. South Africa slid into its first recession in 17 years in the first three months of 2009 and the Treasury expects the economy to shrink again in the second quarter.

Foschini said sales rose 7.8 percent in the second half, and said that trend continued in the first eight weeks of the new financial year. But it was cautious about the year ahead.

"Despite the recent interest rate cuts and inflation downward trend, we do not expect much improvement in the trading cycle until the second half of this year," Foschini said.

Foschini said it would declare a final dividend of 170 cents and said the annual dividend totalled 288 cents.

Foschini shares gained 0.87 percent to 46.60 rand by 1152 GMT, slightly outpacing a JSE Mid-cap index .JMIDC. The company said the full results would be published on the JSE SENS news service later in the day.

(Reporting by Rebecca Harrison; Editing by)

© Thomson Reuters 2024 All rights reserved.