INTEGRATED
REPORT
’22

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MARKET-LEADING BRAND PORTFOLIO

TRUWORTHS OWNS A PORTFOLIO OF MARKET-LEADING FASHION CLOTHING AND FOOTWEAR BRANDS. THESE BRANDS ARE SOLD EXCLUSIVELY BY TRUWORTHS AND INCLUDE LADIESWEAR, MENSWEAR AND KIDSWEAR BRANDS. TOGETHER THEY TARGET THE MANY LIFESTYLE NEEDS OF CUSTOMERS WHO ARE YOUTHFUL, FASHIONABLE SOUTH AFRICANS.

Brands are premium-quality and aspirational, and focus on a tasteful blend of colour, fabric and fashion styling that is in line with international trends but customised for the South African consumer.

Beauty products from many of the world’s leading international brands as well as exclusively designed fine jewellery, footwear, sunglasses and watches are offered, along with a range of mobile products.

The business also owns a premium homeware brand.

SPECIALIST BRAND EMPORIUM STORES

The Truworths Emporium store enables customers to shop for Truworths’ multiple fashion brands in a single location, and is complemented by a sophisticated e-commerce site to complete the omni-channel experience. The emporium store concept has evolved with the expansion of the brand portfolio and customers have access to four specialist branded emporiums within the Truworths Emporium:

The Truworths portfolio of brands and specialist branded emporium stores offer an enticement to youthful and fashionable consumers to shop for quality apparel merchandise of international styling and standard.

EXPANDING BRAND PORTFOLIO

Truworths and Truworths Man are the core brands. They are supported by a range of internally developed mainstream brands that make up the emporium:

Inwear (launched in 1986),

Truworths Jewellery (1989),

LTD (1992),

Truworths Elements (1999),

Ginger Mary (2004) and

Hey Betty (2011).

Emporium stores include several other sub-brands which are essential to the variety of lifestyles that Truworths offers to satisfy customers' needs. These include well-established brands Outback Red, Hemisphere, Finnigans, Skiny, TRS, Trench and TRNY.

Daniel Hechter, the French designer brand, has been offered under an exclusive long-term licence agreement since 1984.

Identity, launched in 1999, offers a range of young, affordable and trendy merchandise for the fashion-aware and value-conscious youth market. The chain operates from stand-alone stores. ID Kids was introduced in 2019 offering boys' and girls' collections.

Office London, the South African offering of the UK fashion footwear brand owned by the Group, was launched in 2017. The brand offers a wide selection of third-party branded athleisure footwear and apparel.

Context was introduced in 2019 to offer a range of exclusive Truworths fashion, including Earthaddict, LTD, lingerie, beauty and homeware for discerning female customers.

Apparel brands Fuel and Sync were launched in 2021. Fuel is a young masculine fashion brand with a streetwear edge targeting a cool urban aesthetic. Sync targets the value segment of the South African fashion market and offers well priced products for young men and women at excellent value.

EXPANSION THROUGH ACQUISITION

Organic expansion of the brand portfolio has been complemented by the acquisition of the following specialist brands:

Young Designers Emporium (YDE) (2003)
Italian-inspired menswear brand Uzzi (2006)
Ladieswear brand Earthaddict (2015)
Kidswear brands Earthchild and Naartjie (2015)
Office UK
(2015)
Homeware and linen retailer Loads of Living (2017)

BRAND STRATEGY

Core to Truworths' brand strategy is the focus on continuing to grow and develop exclusive and highly sought-after in-house brands. These brands are complemented by a small collection of specialist third-party licensed brands.

Each brand in the Truworths portfolio has a clearly defined profile and a statement of the brand DNA which ensures the merchandise has a distinctive signature. The portfolio of brands then comes together across lifestyles to create a unique and compelling customer offering. These brand profiles guide the merchandise buying teams in their product design and development process, and also determine how the brands are visually presented in stores and windows, as well as in print and digital marketing.

Truworths constantly reviews its brand portfolio to identify new merchandise opportunities across the customer spectrum.

Brand description

Truworths Ladieswear Emporium offers a range of aspirational and fashionable leisurewear, denim, formalwear, dresses, lingerie, Truworths and well-known third-party branded footwear, and accessories designed for the youthful, modern, fashion-conscious woman.

Brand profile

Targets all lifestyles of youthful, fashionable women, irrespective of age

Supporting brands and ranges

Truworths, Outback Red, OBR Sport, TRS, TRNY, Hey Betty, Inwear, Basix, Finnigans, Zeta, Truworths Maternity, Intrigue, Skiny and Peep

Retail sales for 2022

R3.7 billion

Retail sales growth on prior period

Unchanged (52 weeks: 2% decrease)

Retail sales contribution

27% (2021: 29%)

Number of emporium stores, departments within emporium stores or stand-alone stores

346 Truworths Emporium stores

335 Inwear departments

Brand description

Truworths Menswear Emporium caters for the wardrobe requirements of modern, fashion-conscious, youthful men by offering a range of exclusive aspirational brands that encompass formalwear, leisurewear and athleisurewear, in addition to a range of Truworths and well-known third-party branded footwear, underwear and accessories.

Brand profile

Targets all lifestyle needs of youthful, fashionable men, irrespective of age

Supporting brands and ranges

Truworths Man, Uzzi, Daniel Hechter Mens, Hemisphere, Hemisphere Sport, Rosati Uomo, Trench, Moskow, Exstream and Fuel

Retail sales for 2022

R3.6 billion

Retail sales growth on prior period

6% increase (52 weeks: 3% increase)

Retail sales contribution

26% (2021: 26%)

Number of emporium stores, departments within emporium stores or stand-alone stores

344 Truworths Man departments

340 Daniel Hechter Mens departments

310 Uzzi departments

36 Uzzi stand-alone stores

34 Truworths Man stand-alone stores

18 Fuel departments

6 Fuel stand-alone stores

1 Uzzi and Fuel stand-alone store

Brand description

The Truworths Ladieswear Designer Emporium offers a unique range of exclusive apparel, footwear and accessory brands that appeal to the discerning South African woman. The ranges are complementary, with each having a clearly defined look and feel and lifestyle relevance. This combination of ranges in a single space makes for an exciting better-end shopping experience.

Brand profile

Targets the specialised lifestyle needs of youthful, fashionable women, irrespective of age

Supporting brands and ranges

Daniel Hechter Ladies, Ginger Mary, Truworths Glamour, Emily Moon, Essence, LTD Ladies and Earthaddict

Retail sales for 2022

R1.2 billion

Retail sales growth on prior period

32% increase (52 weeks: 29% increase)

Retail sales contribution

9% (2021: 8%)

Number of emporium stores, departments within emporium stores or stand-alone stores

298 Ginger Mary departments

296 Daniel Hechter Ladies departments

109 Earthaddict departments

104 LTD departments

5 Context stores within store

2 Daniel Hechter stand-alone stores

2 Ginger Mary stand-alone stores

1 LTD stand-alone store

1 Context stand-alone store

Brand description

Truworths Kids offers a range of exclusive, aspirational childrenswear clothing and footwear brands that are of exceptional quality for the fashion and brand-conscious parent and child. Each brand offers a range of boys and girlswear that has its own DNA. When placed together, the unique handwriting of each brand creates an enticing offering that covers age, gender and lifestyle needs. There is also a complementary range of decorative homeware items. The brands cater for babies and children from newborns to 14 years old.

Brand profile

Newborns, toddlers, kids and tweens

Supporting brands and ranges

LTD Kids, Earthchild, Naartjie, Max and Mia, Zigi and Loads for Kids

Retail sales for 2022

R1.4 billion

Retail sales growth on prior period

11% (52 weeks: 9% increase)

Retail sales contribution

10% (2021: 9%)

Number of emporium stores, departments within emporium stores or stand-alone stores

289 LTD Kids departments

96 Truworths Kids within Truworths Emporium stores

24 Earthchild and Earthaddict stand-alone stores

11 Naartjie stand-alone stores

7 Naartjie and Earthchild stand-alone stores

6 Truworths Kids stand-alone stores

Brand description

Included in this category are Truworths Elements, Truworths Jewellery, Truworths Cellular, Office London, Loads of Living and Sync.

Truworths Elements offers a range of premium international skincare, cosmetics and fragrance brands. Truworths Elements is a fresh and uncluttered beauty destination, focusing on highly sought-after prestigious brands for fashion-conscious customers, where they can enjoy the expertise of trained specialist cosmetic consultants.

Truworths Jewellery offers a selection of quality fine jewellery, trendy fashion jewellery and leading international watch and sunglass brands. The merchandise appeals to youthful men and women, across broad lifestyle spectrums, who view jewellery and accessories as an integral part of fashion. The range includes gold, silver and faux jewellery collections, as well as a broad assortment of fashionable watch and sunglass brands.

Office London offers a wide selection of in-demand third-party branded fashion sneakers and apparel. The target market is primarily the female customer and this is complemented by a good range of footwear for the trend-informed male customer. The range is further complemented by a limited selection of in-house designed own-brand fashion footwear for men, women and kids.

Loads of Living offers a collection of sophisticated, high-quality linen and homeware for the discerning customer.

Sync is a youthful, fashionable and commercial value brand. Despite the keen pricing, the range has an aspirational feel due to the quality and unique design. Sync offers fashion clothing, footwear and accessories for value-conscious fashionable men and women.

Brand profile

Youthful ladies and men

Supporting brands and ranges

MAC, Estée Lauder, Clinique, Clarins, Revlon, Kangol, Elizabeth Arden, Coty, Gatineau and Aramis, as well as niche fashion and salon brands, international fragrance brands, third-party branded footwear as well as own-brand fashion footwear

Retail sales for 2022

R1.7 billion

Retail sales growth on prior period

10% increase (52 weeks: 7% increase)

Retail sales contribution

12% (2021: 12%)

Number of emporium stores, departments within emporium stores or stand-alone stores

180 Truworths Jewellery departments

130 Truworths Cellular departments

87 Truworths Elements departments

17 Office London stand-alone stores

16 Sync stand-alone stores

15 Loads of Living departments within Truworths Emporiums

9 Loads of Living stand-alone stores

Brand description

Identity offers a range of affordable and trendy fashion clothing, underwear, footwear and accessories for men, women and kids. Identity caters for the fashion-aware and value-conscious youth market. Identity operates from independent stand-alone stores.

Brand profile

Young ladies, men and kids

Supporting brands and ranges

Identity Man, Identity Woman, Identity shoes, bags, lingerie and accessories, ID Kids

Retail sales for 2022

R2.3 billion

Retail sales growth on prior period

8% increase (52 weeks: 5% increase)

Retail sales contribution

16% (2021: 16%)

Number of emporium stores, departments within emporium stores or stand-alone stores

247 Identity stand-alone stores

165 ID Kids departments within Identity stores

Brand description

The Young Designers Emporium (YDE) showcases South Africa’s young, cutting-edge fashion talent. As an agent, YDE markets the clothing and lifestyle products of both emerging and well-established local designers. The unique trading formula of YDE provides an exciting platform for young designers to present their exclusive own-label ranges in a branded space. The emporiums are aimed at fashion-forward customers aged 16 to 35 years and offer clothing, shoes, bags and accessories. YDE operates from independent stand-alone stores.

Brand profile

Young women and men in the 16 – 35 age group

Supporting brands and ranges

Brands of various designers

Retail sales for 2022

R230 million

Retail sales growth on prior period

35% increase (52 weeks: 32% increase)

Retail sales contribution

Agency sales, so therefore not included in retail sales

Number of emporium stores, departments within emporium stores or stand-alone stores

19 YDE stand-alone stores

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INTEGRATED
REPORT
’22