Picture: 123RF/David Sandonato
Picture: 123RF/David Sandonato

Truworths has experienced challenging trading conditions in both its primary markets.

Despite this, the group managed to expand its SA gross margins, but group operating profit fell 2.3%.

Rising sales in its Africa segment, which includes SA, was partially counteracted by a decline in the UK, where Brexit uncertainty and a shift to online shopping continued to weigh on store-based retail, the group said.

Business Day TV spoke to CEO Michael Mark about the group’s interim results.

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