Beares

Beares focuses on offering exclusive and innovative ranging of aspirational furniture.
While aimed at a higher earning target market than Lewis, Beares applies the Lewis business model and utilises the group’s well-established credit infrastructure.

In 2016, 45 Beares stores were resized and revamped.

Stores now average 430 m2 and are located mainly in high traffic areas.

Financial and operating performance  2016 *2015
Revenue Rm  427.0 213.6
Revenue growth 100 69.1
Merchandise sales Rm  299.4 141.6
Merchandise sales growth 111.3 108.1
Credit Sales 50.4 58.9
Operating profit (loss) Rm  (28.4) 6.1
Operating profit margin %   (6.7) 2.9
Net new stores opened and acquired 28 66
Total stores   107 79
Total trading space m2  45 622 41 553

*Bears for 3.5 months