Low consumer demand drags down Cashbuild
Loss at P&L Hardware the real let-down, says analyst
03 September 2019 - 12:24
Low consumer spend and increasing competition in the DIY retail environment hampered growth across Cashbuild’s stores, the company said on Tuesday.
Cashbuild, southern Africa’s largest retailer of building materials, closed eight nonperforming stores — five Cashbuild stores and three P&L Hardware outlets — as well as six DIY pilot stores...
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