/ 16 January 2001

NEW CLICKS GOES SHOPPING

SA retailer New Clicks Holdings this week forecast a 14% year-on-year rise in its December 2000 sales. ”The festive season sales weren’t too bad, said New Clicks Chief Executive Officer Trevor Honneysett. New Clicks is a discount retailer of toiletries, cosmetics, gifts, recorded music and other merchandise on a cash basis. Honneysett announced that the retailer had also acquired Modisons, an 11-store specialist discount retailer of branded health and beauty products, for R20m. Honneysett said urban-centred Modisons would help reposition New Clicks’ mass discount retailer Diskom, which has until recently been focused on rural clientele. – Reuters