Transaction Numbers

6 months to 30th September 2003 2004
Transactions growth    
- Total -3.2% +5.4%
- Like for like stores -3.4% +4.1%
Average Transaction Value £8.60 £8.57
- Growth +6.0% - 0.3%

Notes

Looking now at transaction numbers.

In the first six months total transactions were up 5.4%. Subtracting the effect of new stores, like for like growth was 4.1%.

Average transaction value, at £8.57, was down 0.3%.

This contrasts sharply with performance over recent years which have seen consistent falls in transaction numbers offset by average transaction value growth.

Provided by Investis