While some bright spots were on offer in its update, including strong growth of the retailer’s Boxer chain and its clothing division, this was not enough to quell market jitters. Its shares fell 6.49% in afternoon trade to R48.90, putting them at an almost one-year low.
The group said it had recently had to deal with a"significantly more difficult trading environment with unprecedented load shedding and a further downturn in the economy".Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
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