New stores boost Cashbuild’s revenue
The DIY building retailer has seen healthy activity at its newly opened stores, but is reporting declining revenue at its old stores
21 October 2019 - 11:45
SA’s largest building materials retailer Cashbuild said on Monday its new stores had outperformed its existing store base, helping group revenue rise 2% in its first quarter to end-September.
The 14 new stores opened since July 2018 saw a 3% rise in transactions during the period, while existing stores saw a 2% decrease, the group said in an update...
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