Franchising News South Africa

Taste Holdings sees positive growth in December

Taste Holdings (TAS) on Wednesday, 18 January, reported that both its food and jewellery divisions experienced positive sales growth in December.
Taste Holdings sees positive growth in December

For the period 1 March to 31 December 2011 its jewellery division, consisting of the NWJ brand, recorded a system-wide sales increase of 4.2% when compared to the comparable period in 2010.

This increase was on the back of fewer jewellery stores.

Same-stores sales growth increased from 0.5% for the six months ended 31 August 31 2011, to 1.5% for the year to date.

"Of significance was the continued strong sales performance of the 18 corporate-owned jewellery outlets, with a year-to-date same-store sales increase of 14.6%," the company said.

The food division, consisting of Scooters Pizza, St Elmo's Woodfired Pizza and Maxi's, showed a year-to-date increase in system-wide sales of 26.6% with same-store-sales increasing 5.4% for that period.

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