Truworths store in Illovo, Johannesburg. Picture: FREDDY MAVUNDA
“An impairment of the group’s carrying value of the Office trademarks and right-of-use assets relating to store leases will be required during the 52-week financial period ending on June 28 2020,” Truworths said. Truworths has not been allowed to trade under SA’s initial level 5 lockdown regulations. It resumed trading on May 1 under level 3 guidelines.