JSE-listed clothing retailers want labour department to shut down sweatshops
The South African Clothing and Textile Workers Union has said people are working from 10 to 16 hours a day, seven days a week for as little as R120 to R200 a week
Truworths
Fashion’s future is bricks and clicks
Lockdown forced reluctant South African clothing retail stores online: although foot traffic in brick-and-mortar stores remains important in a mall culture like ours, the secret to success is innovation
High court ruling could unleash flood of new credit applications
TransUnion CEO Lee Naik stressed the ruling does not scrap the entire National Credit Act regulation, which makes provision for responsible lending
Credit ruling gets mixed reaction
Both those for it and against it want responsible lending but are at odds over how it should be done
Massmart shares up as it anticipates an earnings gain
While other retailers battle with slow growth, Massmart has announced its earnings gained as much as 37% last year.
Mr Price leads clothing retailers lower as sales lag inflation
While store sales increased 10.5% in the final quarter of 2013, it could not match the rise in costs the company said.
Woolworths to close Nigeria stores
The retailer has thrown in the towel after several failed attempts to improve performance in the north African country.
Edcon losses rise as store remodeling disrupts sales
Clothing retailer Edcon has posted a first-quarter loss in excess of R700mn as a result of operational disruptions and falling sales.
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Truworths sees higher full-year profit, sales up
South Africa’s biggest listed apparel retailer, Truworths, expects to report a 10% to 13% rise in full-year headline earnings per share.
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Foschini sales up 8,7%
South African clothing retailer Foschini posted an 8,7% rise in third-quarter revenue on Friday, thanks to new stores.
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Truworths says group retail sales up 14%
Truworths International has reported a 14% increase in retail sales for the first 18 weeks of the 2009 financial year.
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Truworths half-year sales rise 20%
Clothing retailer Truworths posted on Thursday a 20% rise in half-year sales, at the low end of its expectations, as seven interest rate hikes crimped consumer spending. Truworths said group sales grew to R3,018-billion in the 27 weeks to the end of December, up 20% from the same period the previous year.
