Clover warns of sluggish festive season trade - Business Day
Clover’s December 2016 trading volumes were markedly lower than for December 2015. Headline earnings per share for the six months ended December 2016 were expected to be between 15.7% and 25.7% lower than the 116.96c recorded in the period a year earlier. Dirk van Vlaanderen comments.
Mr Price posts drop in Q3 sales - Moneyweb
Mr Price, which in November posted its first profit drop in 15 years, reported total retail sales of 6.1 billion rand (US$452 million) for the three months to end-December, 0.5% lower than the corresponding period in 2015. Simon Anderssen comments.
Not even Christmas could save SA retailers - Moneyweb
Although the grim trading updates from market darling Woolworths and fashion retailer Truworths were expected, they underscore how troubled SA’s retail market is. Simon Anderssen comments.