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South Africa's Budget Fashion Giant Sees Profits Surge

South Africa's Budget Fashion Giant Sees Profits Surge
businessoffashion.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessoffashion.com Daily Mail and Mail on Sunday newspapers.

South Africa , South African , South Africans , Jd Group Incredible Connection , Holdings On , Fi Corporation , Incredible Connection , Hi Fi Corporation ,

South Africa's Budget Fashion Giant Sees Profits Surge

South Africa's Budget Fashion Giant Sees Profits Surge
businessoffashion.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessoffashion.com Daily Mail and Mail on Sunday newspapers.

South Africa , South African , South Africans , Jd Group Incredible Connection , Holdings On , Fi Corporation , Incredible Connection , Hi Fi Corporation ,

South Africa's Pepkor H1 profit seen up 20% as cash-strapped shoppers seek value

AfricaSouth Africa s Pepkor H1 profit seen up 20% as cash-strapped shoppers seek value
Reuters
3 minutes read
South African retailer Pepkor Holdings (PPHJ.J) said on Wednesday half-year earnings were expected to rise by at least 20%, supported by growth at its discount clothing business and a reduction in net debt and finance costs.
South African clothing retailers have been hit as a second wave of COVID-19 infections and job losses constrain discretionary spending.
However, Pepkor, majority-owned by Steinhoff (SNHJ.J), is faring better than others with its focus on budget-conscious consumers, including more than 17 million South Africans on welfare and special COVID-19 grants. ....

South Africa , South African , South Africans , Thomson Reuters Trust Principles , Jd Group Incredible Connection , Fi Corporation , Pepkor Holdings , Incredible Connection , Hi Fi Corporation , Thomson Reuters Trust , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , ஜ்ட் குழு நம்பமுடியாதது இணைப்பு , ஃபை நிறுவனம் , நம்பமுடியாதது இணைப்பு , வணக்கம் ஃபை நிறுவனம் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,

South Africa's Pepkor Q1 sales rise as cash-strapped shoppers seek value

By Reuters Staff
2 Min Read
JOHANNESBURG (Reuters) - South African retailer Pepkor Holdings said on Tuesday that sales in its first quarter rose by 7.7% as it continued to acquire market share as cash-strapped shoppers battling job losses turned to its budget outlets.
Group revenue at the clothing and homeware retailer grew to 20.3 billion rand ($1.33 billion) in the three-month period ended Dec. 31 from 18.9 billion rand a year earlier.
South African clothing retailers have been hit as a second wave of the COVID-19 pandemic and job losses constrain discretionary spending.
However, Pepkor, majority-owned by Steinhoff, is faring better than others with its focus on budget-conscious consumers, including more than 17 million South Africans on welfare and special COVID-19 grants. ....

South Africa , South African , South Africans , Promit Mukherjee , Kirsten Donovan , Nqobile Dludla , Thomson Reuters Trust Principles , Jd Group Incredible Connection , Fi Corporation , Pepkor Holdings , Incredible Connection , Hi Fi Corporation , Thomson Reuters Trust , கர்ஸ்டந் டொநொவந் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , ஜ்ட் குழு நம்பமுடியாதது இணைப்பு , ஃபை நிறுவனம் , நம்பமுடியாதது இணைப்பு , வணக்கம் ஃபை நிறுவனம் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,