PHANTOM SHARES: The Finance Ghost: The lowdown on Mr Price, Takealot, Old Mutual and Lewis

A “blue ocean strategy” sees a company differentiating itself to such an extent that there are few competitors. A “red ocean strategy” is the opposite, filled with sharks and blood and … you get the idea.

There’s not much that the company can do about load shedding, of course. Sales in September were down 6.7% thanks to Eskom and the impact on consumers. Elements that are within Mr Price’s control include the loss of market share in the core Apparel business over the past two quarters and the Homeware segment suffering a drop in comparable store sales of 9.9%. In Homeware, Mr Price acknowledges that competition has heated up.Aah, Prosus.

Great piece TheFinanceGhost.

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Battered consumers go for cut-price air fryers, milk and toilet paper on Black Friday | BusinessReeling from rising interest rates and rocketing inflation, consumers poured into the stores of SA’s biggest retailers on Black Friday looking for the best bargains to stretch their battered wallets. | News24_Business _Business At least they poured in this time and paid! Not like last year! _Business Things can’t be that bad if people poured into stores to buy shit they don’t necessarily need! 🤷🏻‍♂️ _Business To save money, you gotta buy more stuff! Yep, perfectly makes sense.
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