Mr Price share price bounces back after transparency on what went wrong
Retailer lost big on its bet on fashion and had to cut prices drastically to move its excess stock
21 November 2019 - 20:10
Mr Price lost big on its bet on fashion and had to slash prices to get rid of excess stock.
The retailer moved away from its successful strategy of selling basic everyday “core” clothing items and put a greater percentage of money and store space into higher-priced fashion items that did not sell...
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