Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Johannesburg Stock Exchange  >  Woolworths Holdings Limited    WHLJ   ZAE000063863

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Woolworths Holdings : WOOLWORTHS ANNOUNCES JOINT VENTURE AND PLANS TO OPEN 3 STORES IN NIGERIA

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/12/2011 | 01:55pm CEST
WOOLWORTHS ANNOUNCES JOINT VENTURE AND PLANS TO OPEN 3 STORES IN NIGERIAPress Release
12 October 2011

Woolworths has signed a joint venture today with listed Nigerian company Chellarams Plc and will open 3 stores in December and plans to open 7 more stores over the next 2 years.
Two stores will open in Lagos, one at The Palms and the other at Ikega. The third store will open in Polo Park in Enugu State in Nigeria.
“We are confident about our investment in Nigeria and we are very pleased with the growth prospects of the Nigerian market. The country has a large population with significant and growing middle and upper income groups. We have found the right partner in Chellarams Plc to grow the Woolworths brand in Nigeria,” said John Fraser, Divisional Executive for Woolworths International.
The joint venture is part of Woolworths plans to accelerate its expansion into other African countries.
“Joint ventures with local partners, such as Chellarams Plc, is the new business model for our expansion plans in other African countries. We have moved away from the franchise model we had in the past in some African countries. It’s not only a better profit model for Woolworths, but it’s also better for customers,” said Fraser.
Woolworths aims to open 16 stores in African countries this year taking the total number of stores to 60 in the current financial year. The new stores will be larger than current ones. Retail space will increase by 42% in the current financial year and by an estimated 145% over the next three years on the continent.
Woolworths has had a presence in African countries for over 10 years and currently has stores in the following 10 countries: Botswana, Namibia, Lesotho, Swaziland, Ghana, Kenya, Tanzania, Uganda, Zambia and Mozambique. Woolworths also intends to open stores Angola.
Ends
Note to editors:
See related press release:
Woolworths expands its African presence:
http://www.woolworthsholdings.co.za/media/our_news.asp?categoryyearid=8
For more information contact Woolworths Press Office:
Tel: 021 - 407 7700
Cell: 082 782 3856
Email: [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on WOOLWORTHS HOLDINGS LIMITE
05/25 WOOLWORTHS : Retail Chain Woolworths Improves In-store Fulfillment With HighJump
05/24 WOOLWORTHS : Retail Chain Woolworths Improves In-store Fulfillment With HighJump
05/04 WOOLWORTHS : Find everything he needs (and more)
05/04 WOOLWORTHS : Celebrates 10 years of the good business journey
04/12 WOOLWORTHS : Whl australasian management structure update
04/06 WHL : WOOLWORTHS HOLDINGS LIMITED - Notification in terms of Section 122(3) of t..
03/27 WHL : WOOLWORTHS HOLDINGS LIMITED - Dealings in securities by an associate of a ..
03/24 WHL : WOOLWORTHS HOLDINGS LIMITED - WHL Australasian Regional Structure
03/17 WHL : WOOLWORTHS HOLDINGS LIMITED - Dealings in securities by an associate of a ..
03/14 WOOLWORTHS : Announces results for 26 weeks to 25 december 2016
More news
Sector news : Department Stores - NEC
05/27DJCompanies Quit Share Splits -- WSJ
05/26DJAmazon's Brush With $1,000 Signals the Death of the Stock Split
05/26DJBEST BUY : Defies Slump in Retail -- WSJ
05/25DJBEST BUY : Defies Retail Doldrums, Posting Higher Sales -- 3rd Update
05/25 Abercrombie's same-store sales beat on demand for Hollister brand
More sector news : Department Stores - NEC
News from SeekingAlpha
2015 Optimal Global Equity Allocation WIth Individual Stocks
2015 Woolworths Will Lose Market Share To Aldis
Advertisement
Financials ( ZAR)
Sales 2017 69 126 M
EBIT 2017 7 409 M
Net income 2017 4 672 M
Debt 2017 13 145 M
Yield 2017 4,64%
P/E ratio 2017 13,31
P/E ratio 2018 13,69
EV / Sales 2017 1,21x
EV / Sales 2018 1,12x
Capitalization 70 416 M
More Financials
Chart WOOLWORTHS HOLDINGS LIMITE
Duration : Period :
Woolworths Holdings Limite Technical Analysis Chart | WHLJ | ZAE000063863 | 4-Traders
Full-screen chart
Technical analysis trends WOOLWORTHS HOLDIN...
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Average target price 80,8  ZAR
Spread / Average Target 20%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Ian Moir Group Chief Executive Officer & Executive Director
Simon Norman Susman Non-Independent Non-Executive Chairman
Samuel D. Ngumeni Chief Operating Officer & Executive Director
Reeza Isaacs Executive Director & Group Finance Director
Zyda Rylands Executive Director & CEO-Woolworths
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
WOOLWORTHS HOLDINGS LI..-5.72%5 478
KERING38.21%41 609
WESFARMERS LTD1.14%35 975
AEON CO LTD-0.39%12 919
EL PUERTO DE LIVERPOOL..-0.71%10 866
LOTTE SHOPPING CO LTD--.--%7 779
More Results