strategy, objectives and targets
Our strategy
New Clicks is a specialist retail group |
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| … | and our customers will view us as expert. This means they regard us as best for value, best for range and they trust us. |
Focused on health, beauty, entertainment and homeware
… and these are the merchandise categories in which we aspire to be viewed as expert by our customers.
Operating through multiple formats
… to better serve the needs of our customers in the middle and upper income groups.
Organised to be cost-effective and efficient
… with a particular focus on supply chain management, information technology, property and financial management.
Strategic objectives for 2008
- Continue transition of Clicks to a health and beauty specialist
- Build UPD and Clicks pre-eminence in healthcare and pharmacy management
- Continue Musica’s transition to entertainment and widen access to the brand
- Build organisational capability to deliver sustained performance
- Efficient capital and cash management
Medium-term financial targets
| Target | 2007 | |||
| Return on shareholders’ interest | 30% – 35% | 24.7% | ||
| Shareholders’ funding to total assets | 32% – 37% | 36.0% | ||
| Return on total assets | 9.0% –13.0% | 9.3% | ||
| Inventory days | 55 – 60 days | 57 days | ||
| Operating margin | 5.0% – 6.0% | 4.8% | ||
| Distribution cover | 2.2 – 2.0 times | 2.2 times | ||
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