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Lewis : Integrated Report 2023

Lewis profits flat, credit sales up nearly 20%

Retailer expects consumer demand for credit to continue into the new financial year.

Lewis beats challenging headwinds to post solid annual performance

Lewis beats challenging headwinds to post solid annual performance
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Biggest leather con of them all

Biggest leather con of them all By Wendy Knowler - 01 August 2016 If it looks like leather, feels like leather and smells like leather, it must be leather, right? No. But many consumers assume so, and it doesn’t help that a product such as “bonded leather” can legally be called leather in this country. It shouldn’t be, because it’s just a few leather shavings away from being totally synthetic. It’s “the biggest con on the market” according to Hugo Zuanni of Leather Link, the exclusive Cape agent for South Africa’s largest upholstery leather tannery, Hannitan. “It’s a synthetic PU (polyurethane) with leather shavings sprinkled on the back to make it look like leather.”

Lewis Group shares rocket on forecast of bumper earnings

Shares in Lewis Group rocketed by more than 27 percent on the JSE yesterday after the retail company reported a favourable trading update for the year to the end of March, with earnings expected to surge by as much as 136 percent.

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