Pepkor, owner of Ackermans and Pep, says it has grown market share as consumers hunted for deals in the six months to end-March, while also benefiting from increased demand for electronics as consumers were forced to work and study from home.
Headline earnings per share are expected to increase by at least 20%, or 8.9c, in the six months to end-March, the discount retailer said in a trading update on Thursday, a period when SA was grappling with a second wave of Covid-19 as well as a delayed start to the academic year...
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Pepkor expects half-year earnings to risePepkor says this has been supported by growth at its discount clothing business.
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Pepkor gains share in lower-income marketRetailer benefits from increased demand for home-use electronics
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BUSINESS MAVERICK: Trading statement: Pepkor buoyed by demand for furniture and electronicsThe Steinhoff-owned retail group Pepkor has reported a strong rise in demand for furniture and electronics, but it has also grown its share of the clothing market.
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