Retailer Woolworths said Thursday that group online sales for the half-year financial period ending 26 December grew by 22.4%, and contributed 13.7% to its total turnover and concession sales.
Woolworths noted that trade during the period was severely impacted by the extended lockdowns in Australia and by the civil unrest in South Africa. Sales in comparable stores grew by 2.8%, with price movement of 2.6% and underlying product inflation of 3.7%. Sales growth should be considered in the context of the high Covid-19 base, which benefitted from increased home consumption. On a two-year basis, sales have grown by a cumulative 15.2%, relative to the comparative 2019 period, Woolworths said.
Online sales grew by 19.2%, contributing 4.4% of South African sales, while the ongoing execution of space reduction initiatives reduced the footprint by 6.1% relative to the prior period, resulting in improved trading densities.
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