Remote working inspired home improvement, says Italtile
Sales across the group’s businesses rose by double digits in the five months to end-November
02 December 2020 - 09:08
Bathroom-ware company Italtile, which owns CTM and U-Light, said low-interest rates and a demand for home improvement due to South Africans working from home probably helped it to achieve a double-digit rise in retail sales during its five months to end-November.
Funds earmarked for leisure and travel may have also instead gone to home improvements, Italtile said, reporting in a trading update that total retail sales grew by 16.4% to end-November...
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