ARTICLES RELATING TO TRUWORTHS

Truworths sales inch upwards

2020-01-15 22:11

Retailer Truworths' sales grew by a mere 1.2% to R10.6bn for the 26 weeks ended December 30, 2019, as it faced tough conditions in both Africa and UK markets.

We shopped at a new luxury store that sells high-end Truworths brands – here’s what we found

2019-05-05 09:42

Truworths has launched a new store concept called Context.

Truworths sales drop reflects tough market challenges

2017-11-02 15:45

Truworths' latest retail sales report shows that the clothing retailer’s sales dropped 3% compared to the same period last year.

Retailers lead local equities higher

2017-09-01 18:34

The JSE managed to close the day firmer as retailers led the local bourse higher.

JSE reverses towards the close to end in the red

2017-08-02 19:16

Equities closed the say in the red, having been dragged down by weaker commodity prices.

Truworths Zim posts 40.8% half-year sales drop

2017-03-10 14:40

ZSE-listed Truworths, owned 34.39% by Truworths International, has reported a 35.89% drop in revenue for the half-year ended January 8 2017.

SA retail stocks volumes surge

2016-07-14 19:00

Trading volumes in SA retail stocks have jumped following indications that consumer spending is starting to recover.

Truworths boosts sales, while Richemont down marginally

2016-01-14 18:00

New global businesses helped Truworths record a 36% increase in sales, while Richemont saw a slight dip in sales as jewellery helped stem its weak watch sales.

Truworths in talks to buy UK retail group

2015-09-14 15:03

Truworths has entered into preliminary non-binding negotiations regarding a potential acquisition of UK group Office Retail.

Truworths aiming at one stop clothing emporium

2015-01-09 21:15

After building up its women's wear and men's wear emporiums, Truworths is setting its focus to conquering the children's wear market, says CEO Michael Mark.

 

Truworths strikes R600m deal with Standard Bank to fund its UK chain

2019-09-26 16:23

Truworths bought shoe retailer Office for £154m in 2015, but last month wrote down £97m of its value as the retailer continued to struggle in a tough UK market.

Brightening outlook for SA clothing sector

2018-03-20 16:08

Equity investors see a brightening outlook for SA's clothing sector, which just six months ago was depressed by weak economic growth, subdued consumer confidence and declining earnings, notes Overberg Asset Management.

Former top cop Arno Lamoer's Truworths account allegedly covered by businessman

2017-10-12 17:39

Truworths and Markham account payments were allegedly part of the largesse a Cape Town businessman dispensed to a former police commissioner, the Western Cape High Court has heard.

The new face of SA clothing

2017-08-06 13:31

Top textile executive Herman Pillay is working hard to invigorate the sector.

Woolies and other SA retailers under increasing pressure

2017-07-11 16:57

Dreary results are expected from two of South Africa’s major listed clothing stores, Woolworths and Truworths, in the coming weeks, due to poor local conditions.

Challenging holiday environment for Truworths

2017-01-16 18:32

Truworths has had a challenging environment during the 26-week period ended 25 December 2016, due to the tough economic environment and high product inflation.

Truworths Zim sales up but clothing retailers suffer

2016-03-09 19:33

Job losses and delayed pay dates in Zimbabwe are worsening trading conditions for credit-based clothing and apparel retailers in the country.

Truworths in R5.5bn UK buy

2015-11-30 10:18

Truworths has joined other South African retailers by investing in European companies after it announced it is acquiring 88.9% of UK-based Office Retail Group.

Truworths profit barely grows, outlook tough

2015-02-19 15:00

Clothing retailer Truworths has reported virtually no growth in half-year profit, as debt-laden consumers already battling high unemployment spent warily.

Truworths shares tank on sales update

2014-11-06 11:17

Clothing retailer Truworths has issued a trading update showing slowing sales growth, sending its shares down more than 8% in early trade.

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