Mr Price wins in battle against slowdown
Clothing sales growth outstripped Stats SA’s figures for the sector, but sales fell at the homeware division
01 September 2017 - 08:23
Retailer Mr Price’s short-term strategic response to tough, low-growth market conditions picked up momentum in the half-year to August, a trading update showed on Friday. “As reported at the year-end results presentation in May 2017, given the current low-growth economy and resultant poor retail environment, the most significant near-term opportunity is to regain lost market share in the two divisions, MRP Apparel and Miladys, which underperformed in the previous financial year,” the group said.
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