Clicks Clicks and mortar, and Clicks
Somehow, we’ve never managed to come up with a nickname for Clicks, which is remiss of us, and we apologise for that. But this does not alter in any way the fact that Clicks has earmarked R455million of the FY2017 budget for growth, planning to splash out on new stores, the expansion of existing stores and some of this information technology (IT) everybody is raving about. Next week, the 500th Clicks opens at the new Mall of Africa, and the plan is to grow inexorably at the rate of 20-25 a year until 600, and then, presumably, to keep going. The focus will remain on South Africa, says Mr Kneale, although he confesses that the stores in our neighbouring geographies are doing just fine, thank you very much. All this by way of fleshing out the interims: turnover up +13.4% to R12.1billion, and operating profit up +14.4% to R732m.
Comment: Never in his now-substantial tenureship have we had occasion to doubt the quiet brilliance with which Mr Kn. (The K is silent) runs the group.