Mr Price shakes off first-half blues to claw back market share and boost profit

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Belgique Nouvelles Nouvelles

The discount retailer’s headline profit grew 21.6% in the second half

Fashion discount retailer Mr Price’s year-end results showed a proverbial tale of halves. The second half of the financial year was much better than the first, reflecting the pent-up consumer demand as the lockdown restrictions eased.

Mr Price, which largely serves low- to middle-income consumers, said its headline profit grew 21.6% in the second half as it gained market share across its main apparel division in particular, helping to soften the blow that characterised the first half as a result of the hard lockdown measures, which cost the company about R1.8bn in lost sales due to store closures...

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in BE

Belgique Dernières Nouvelles, Belgique Actualités