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Mr Price reports market share growth as it keeps costs down

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The retailer says retail sales and other income grew 3.5% to R7.4bn in the quarter to end December 28, adding it intends to keep prices low

Retailer Mr Price said on Friday it had gained market share in its third quarter to December 28, and is keeping prices low to entrench its position in a trading environment where consumers are cutting back on non-essential items.

Consumers continue to be constrained, highlighted by the Bureau for Economic Research consumer confidence index remaining negative at -7 index points in the fourth quarter, Mr Price said.

 

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That's true Mbona. Importance of overall cash flow in the financial health of the business.

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