The economy is still mired in the postlockdown doldrums, the November sales report of the Retailers Liaison Committee (RLC), an association of clothing, homeware and footwear retailers, shows.

Sales for the month were down 10.7%, despite deeper price cuts and longer-running promotions, as consumers continue to tighten their belts amid the Covid-19 pandemic. Black Friday retail sales were down 38% compared to 2019, despite a surge in e-commerce sales prompted by consumers switching to online retail as a means of avoiding busy shopping centres...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now