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Johannesburg; Monday, 28 August 2023: “During the period we made meaningful progress in building our manufacturing capabilities and enhancing the in-store experience for our customers, reflecting our goal to optimise our investment in people and technology. Disappointingly, difficult trading conditions and internal inefficiencies impacted negatively on our South African businesses, although our East African and Australian operations delivered better results. Improvement strategies are being implemented in the SA manufacturing entities,” says Lance Foxcroft, Chief Executive Officer.
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Johannesburg; Monday, 13 February 2023: Chief Executive Officer, Lance Foxcroft, says, "Notwithstanding the challenging environment, the Group achieved sales growth and substantially improved the underlying cash position, underpinned by our strategic, vertically integrated business model, diversification, and scale, which afford us the resilience and agility to navigate cyclical challenges and capitalise on opportunities that arise.”
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Johannesburg, Thursday, 25 August 2022: “In the increasingly challenging operating environment, our goal is to provide an unrivalled end-to-end customer shopping experience that differentiates our offering and connects with our customers at every key touchpoint. Our focus is on basic retail excellence disciplines: delivering beautifully presented, aspirational products at the right time, place and price. Our aim is to provide our customers with leading-edge affordable fashion while pushing boundaries to reduce the impact on the planet - in line with our values and those of our customers,” says Lance Foxcroft, Chief Executive Officer.
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Johannesburg, Thursday, 10 February 2022: “In the current challenging external environment, our strategic focus is on the growth levers within our control and influence: productivity, cost leadership, partnerships with our people, and constant innovation and investment aimed at delivering an unrivalled shopping experience for our customers,” says Chief Executive Officer, Lance Foxcroft.
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Johannesburg; Wednesday, 25 August 2021: Established in 1969, Italtile Ltd is a manufacturer, franchisor and retailer of tiles, bathroomware and other related home-finishing products. The Group’s retail brands are CTM, Italtile Retail, TopT and U-Light, represented through a network of 206 stores, including six webstores. The brands target homeowners across the LSM 4 to 10 categories. The retail operation is strategically supported by an integrated supply chain, comprising key manufacturing and import operations, and an extensive property portfolio.
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Bryanston; Monday, 3 May 2021: The Board of Italtile has announced that Chief Executive Officer, Jan Potgieter, will be retiring with effect from 31 December 2021 and emigrating to Europe. Jan will remain on the Board as a non-executive director.
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Johannesburg; Thursday, 11 February 2021: "It is rewarding to report that despite the unprecedented trading environment, the Group has delivered a pleasing performance for the review period, recording double-digit sales and profit growth across all of our operations: retail brands, supply chain importers and manufacturing businesses," says Italtile CEO, Jan Potgieter.
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Johannesburg, Tuesday, 25 August 2020: “In these extraordinary times, our people have demonstrated energy, determination and resilience beyond our expectations.
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Johannesburg; Thursday, 13 February 2020: “Notwithstanding the challenging external environment, management remains committed to optimising on the opportunities within its control in the business to drive continued growth,” says Italtile CEO, Jan Potgieter.
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Johannesburg; Thursday, 22 August 2019: “Despite the exceptionally difficult trading conditions experienced, the Group has recorded a creditable performance, achieving our stated goal of delivering improved headline earnings growth for the year. The 7.2% increase is a reflection of leveraging opportunities in the business, from robust cost leadership to striving for an unparalleled customer experience. Our people, franchise partners and portfolio of brands are key to another successful year in the Group’s five-decade history,” says CEO, Jan Potgieter.
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Johannesburg; Thursday, 14 February 2019: “2019 marks the Group’s 50th anniversary since it was founded in 1969. The Group’s creditable results reported for the period are primarily attributable to the integrated business model which has evolved and adapted over the past five decades to withstand severe adversity, and to management’s unrelenting customer-centric focus,” CEO, Jan Potgieter comments.
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Johannesburg; Wednesday, 22 August 2018: “2018 marks the 30th anniversary of the Group’s listing on the JSE, and the commencement of the company’s 50th year of trading. Over these decades, Italtile has laid down a strong track record of continued improvement, consistency and resilience. Central to this achievement is our unique business model which has served as a major differentiator in the industry and a strong investment proposition for franchisees and shareholders,” says CEO, Jan Potgieter.
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Italtile Limited is a franchisor, retailer and manufacturer of tiles, sanitaryware, bathware, laminated and vinyl flooring and other related home-finishing products. The Group’s retail brands are CTM, Italtile Retail and TopT, represented through a total network of 174 stores, 19 of which are located in the rest of Africa. The brand offering targets homeowners across the LSM 4 to 10 categories. The retail operation is strategically supported by a vertically integrated supply chain (comprising key manufacturing and import operations) and an extensive property portfolio.
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Johannesburg; Wednesday, 16 August 2017: “Under difficult trading conditions experienced in the reporting period, the Group’s robust business model served it well. Our strategic retail brand portfolio, integrated supply chain, strong partnerships with entrepreneurial franchisees, property portfolio, and long-standing solid reputation, together with sustained investment continued to appeal to traditional customers as well as new, emerging homeowners,” says CEO, Jan Potgieter.
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The Board of Italtile Ltd announced today that Mr Nick Booth, Chief Executive Officer (CEO) of the Group, has elected to take early retirement with effect from 28 February 2017. He will step down from his executive duties as from 1 December 2016 in order to facilitate an effective handover, and will be available to support the management team until his retirement date. Mr Jan Potgieter, currently Chief Operating Officer (COO), will be appointed CEO with effect from 1 December 2016. The position of COO will not be filled in the foreseeable future.
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Italtile Limited is a franchisor and retailer of local and imported tiles, sanitaryware, bathware, shower enclosures, laminated flooring and other related home-finishing products. The Group’s retail operation comprises three brands: Italtile Retail, CTM and TopT, represented by a total network of 146 stores in Southern and East Africa. The brand offering targets homeowners across the LSM categories 4 to 10.
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Johannesburg; Thursday, 11 February 2016: Italtile Limited is a franchisor and retailer of local and imported tiles, sanitaryware, bathware, laminated flooring and other related home-finishing products. The Group’s retail brands are CTM, Italtile Retail and Top T, represented through a total network of 133 stores, 16 of which are located in the rest of Africa. The Group’s offering targets homeowners in the LSM 4 to 10 categories. The Group’s Retail brand operation is strategically supported by a vertically integrated Supply Chain, investments in key suppliers, and an extensive property portfolio.
Johannesburg; Thursday, 27 August, 2015: Italtile Limited is a franchisor and retailer of local and imported tiles, sanitaryware, bathware, laminated flooring and other related home-finishing products.
Johannesburg; Monday, 16 February 2015: Italtile Ltd is a franchisor and retailer of local and imported tiles, sanitaryware, bathware, laminated flooring and related home-finishing products.
Johannesburg; Thursday, 21 August 2014: Italtile Limited is a franchisor and retailer of local and imported tiles, sanitaryware, bathware, laminated flooring and other related home-finishing products in South Africa.
Johannesburg; Thursday, 13 February 2014: “In the six months ended 31 December 2013, the Group reported improved revenues across its retail operations and supply chain businesses, and gained market share across most of its merchandise categories,” comments Brandon Wood, Italtile Ltd Chief Financial Officer.
Johannesburg; Wednesday, 14 August 2013: Italtile Ltd has reported solid results for the year ended 30 June 2013. The Group is the leading franchisor and retailer of local and imported tiles, sanitaryware, bathware, laminated flooring and other related home-finishing products in South Africa.
Johannesburg; 14 February 2013: Italtile Limited is South Africa’s leading franchisor and retailer of imported and local ceramic tiles, sanitaryware, bathroomware, laminate flooring, décor and other related products.
Johannesburg, Wednesday, 15 August 2012: Italtile Limited, South Africa’s leading franchisor and retailer of imported and local ceramic tiles, sanitaryware, bathware, laminate flooring and other related products has delivered another consecutive set of strong results in subdued trading conditions.