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Pepkor says market-share gains boosted half-year earnings

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Competitive pricing helped bolster the clothing and merchandise business, says the group

A Pep store in Balfour Mall in Johannesburg. Picture: WALDO SWIEGERS

The retailer, previously known as Steinhoff Africa Retail, said its “defensive market positioning”, partly hinged on competitive prices, boosted growth. The clothing and general merchandise segment, the group’s largest, contributed revenue growth of 5.2% to R23.1bn and a 6.6% rise in operating profit to R3.1bn.

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