Truworths shares at nine-year low as profit plunges over 70%
Poor economic growth and consumer sentiment, combined with a shift to online shopping hurt the retailer’s bottom line
16 August 2019 - 10:49
Shares in Truworths slumped to a nine-year low on Friday morning after the fashion retailer reported a 74% slide in profits amid difficult trading environments in SA and the UK.
The group’s shares slipped 4.3% to R55.40 in early trade, the worst level since August 2010...
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