COMPANY COMMENT
Mr Price’s tale of challenges
The value-based retailer’s trading update shows what even the best-run retailers face doing business in SA
25 August 2021 - 20:25
Mr Price’s recent trading update could steal the title from a famous children’s book — offering shareholders a “terrible, horrible, no good, very-bad day”. The value-based retailer is cash-rich, debt free and sells affordable but trendy goods. It hasn’t put a foot wrong.
But it’s recent 18-week update gives a picture of what the best-run retailers are facing: a weak SA consumer, civil unrest with looted stores forced to stay shut for weeks, terrible June sales and a constrained global supply chain worsened by delays at the country’s ports. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.