Best home and electric

Best Home and Electric is a retailer of electrical appliances, sound and vision equipment and selected furniture lines. The chain offers branded merchandise to its targeted customers in the LSM 4 to 7 group.

The electronic catalogue is used extensively to market furniture ranges and furniture accounts for 37% of sales in the chain.

Stores are smaller than Lewis stores and average 150m2, being located mainly in high traffic areas with high trading densities.

Financial and operating performance  2016 2015 2014
Revenue Rm  793.3 801.9 755.5
Revenue growth (1.1) 6.1 2.5
Merchandise sales Rm  328.8 347.6 336.5
Merchandise sales growth (5.4) 3.3 (4.1)
Credit sales 72.9 73.9 74.1
Operating profit Rm  143.0 169.4 175.9
Operating profit margin 18 21.1 23.3
New stores opened (closed)    (2) 0 1
Total stores    127 129 129
Total trading space m2  17 564 17 832 18 100
Annual revenue per m2 R’000  45 45 41.7