Mr Price reports record market share as pressure on consumers mounts
The group said its cash-based value model resulted in market share gains in late 2020, but there are signs consumers are cutting back
22 January 2021 - 07:55
UPDATED 22 January 2021 - 11:09
Retailer Mr Price has warned that SA households are becoming cautious with their spending as Covid-19 numbers rise and the effects of government support programmes wane, but its cash-based business model has helped with a record market share.
In a trading update the group reported total retail sales grew 5.8% to R7.5bn in the 13 weeks to December 26, adding that its market share grew 2.3 percentage points in October and November combined, the latest period for which Retailers Liaison Committee (RLC) data is available...
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