Low sales volumes at Spitz and Green Cross drag AVI down
Footwear and apparel divisions weighed down by subdued economy while I&J remains afloat and Five Roses and Freshpak tea-maker Entyce Beverages records increased sales
09 September 2019 - 08:07
Low sales volumes look set to continue to hurt AVI Limited’s footwear and apparel businesses as the group expects the negative trading environment to persist.
The two businesses — Spitz and Green Cross — performed poorly in the 2019 financial year amid the slump in consumer spending, resulting in a drop in full-year revenue...
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.