Clothing retailers suffering in tough economy – Business Day

Mr Price Group reported a drop in headline earnings for the first time in 16 years. In the year to April 1 2017, Mr Price reported a fall of 10.4% in diluted headline earnings per share to 887.9c. Retail sales eased 0.5%, while comparable store sales fell 3.6% to R18.6 billion. Simon Anderssen comments.

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