The new rules are an improvement, but proper implementation is vital, writes Murray Hunter and Cherese Thakur.
Showers early. Partly cloudy. Cool.
Truworths International says retail sales for the first 16 trading weeks of the 2019 financial period increased by 4.5% compared to the same period in 2017.
Fashion retail group Truworths International's results have benefited from the acquisition of UK fashion footwear chain Office Retail Group.
Truworths International has reported 21% growth in diluted headline earnings per share, driven in part by the acquisition of UK chain Office Retail Group.
Corporates are so negative about future growth prospects that they’re sitting with record amounts of cash in the bank, according to Stanlib Asset Management
Truworths International says its full-year headline earnings per share have grown by between 2% and 4%, beating the 1.7% forecast by Thomson Reuters.
Getting dressed will never be the same again, says Arthur Goldstuck.
Truworths International has encountered tough economic conditions in the local and UK markets in the 53-week financial year to July 2 2017.
Truworths has closed its two remaining Nigerian stores as stringent regulation of stock imports and rising costs made it too difficult to operate.
Truworths' share price has surged close to 11% after the retailer said its sales for the first 18 trading weeks of the 2016 year hit R4.4bn.
Fashion retail group Truworths International has reported a stronger second half performance as credit conditions show early signs of improvement.
The Zimbabwean affiliate of Truworths International has reported a 19% drop in merchandise sales as consumers feel the pinch of a flatlining economy.
Fashion retailing – a perennially sexy sector for many professional investors – could become a little ragged around the edges as more players begin strutting their stuff on the profit ramp.
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