Back-to-school shopping lifts Pepkor sales
Pep and Ackermans stores recorded double-digit sales growth in the first three weeks of the year
24 January 2020 - 16:13
One of SA’s largest non-food retailers Pepkor has said trading has been relatively stronger in January, supported by back-to-school shopping.
The group, formerly known as Steinhoff Africa Retail, said its Pep and Ackermans stores recorded double-digit sales growth in the first three weeks of January. The two retailers reported combined sales growth of 6.4% and like-for-like sales growth of 3.2% in the three months to end-December, with sales affected by a delay in back-to-school trading, which only picked up in January 2020. ..
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