On the back of a successful Black Friday, Lewis’ sales grew 16.6% for the third quarter

The lockdown cut the into the Lewis Group's merchandise sales.
The lockdown cut the into the Lewis Group's merchandise sales.
Getty

JSE-listed furniture and appliance retailer Lewis said the group delivered strong sales growth of 16.6% for the third quarter to end December, supported by a buoyant Black Friday performance.

Lewis released a trading update for the third quarter and nine months ended December on Wednesday saying the strong demand it saw after its stores initially emerged from lockdown at the beginning of June continued until the end of 2020.

The group, which owns brands Lewis, Bears, and Best Home and Electric, said cash sales for the quarter grew by 35.9% while credit sales increased by 2%.

Merchandise sales for the nine months to December increased by 4%. Excluding the lockdown months of April and May 2020 when stores were closed, sales grew 18.3%, said the group.

Lewis' share price gained 8.33% in early morning trade.

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