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Truworths boosts sales, while Richemont down marginally

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Cape Town – Truworths [JSE:TRU] has seen a 36% increase in sales to R8.5bn in the 26 week period ended 27 December 2015, while Richemont [JSE:CFR] saw a dip in sales in the third quarter ended 31 December, both comparative to the previous period.

The two companies released the data to Sens on Thursday, adding to other positive retail data coming from Woolworths and Massmart after the festive period.

Truworths’ results are inclusive of the non-comparable sales of the recently acquired (89% stake) Office, Earthchild and Naartjie businesses, it said in a Sens statement.

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