Mr Price reports market share growth as it keeps costs down

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 63%

Nigeria News News

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Market data - January 15 2020Market data including bonds, unit trusts and fuel prices
Source: BDliveSA - 🏆 12. / 63 Read more »

Rand’s losses continue as market awaits Reserve Bank decisionThe Bank's interest rate announcement on Thursday is being closely watched, with global focus on possible progress in resolving the US-China trade war
Source: BDliveSA - 🏆 12. / 63 Read more »

Woolworths’ new CEO experienced in turning companies aroundAnalysts said Moir’s departure on Tuesday after more than nine years at the helm was unsurprising given the performance of the retailer’s David Jones department store chain in Australia, which has seen its value written down to less than half what ...
Source: BDliveSA - 🏆 12. / 63 Read more »

Woolworths’ new CEO experienced in turning companies aroundAnalysts said Moir’s departure on Tuesday after more than nine years at the helm was unsurprising given the performance of the retailer’s David Jones department store chain in Australia, which has seen its value written down to less than half what ... When they bring turnaround guys, just know retrenchments are looming 🤞🏾
Source: BDliveSA - 🏆 12. / 63 Read more »

Global stocks and bond yields slump'The Phase One deal had pretty much been priced in so comments took some steam out of the market last night and that's feeding through into today.'
Source: BDliveSA - 🏆 12. / 63 Read more »