Mr Price earnings impacted by lockdown

📆 2020/06/26 3:45:00
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Mr Price, one of South Africa's biggest retailers, has shown just how badly it's been affected by the lockdown.

In April, all the group’s South African stores were closed and retail sales dropped by over 80 percent.In the months after April, Mr Price's books showed consumers still prefer using cash.In May and June combined, cash sales increased by 16.

7 percent. Credit sales fell by 9.4 percent.

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