Mr Price books record profit and reports market share gains
Retailer says value offering, acquisitions and market share gains help lift operating profit above R4bn for first time
09 June 2022 - 08:31
UPDATED 09 June 2022 - 19:00
Clothing retailer Mr Price, which posted a record operating profit for the year to April 2, had weaker sales in May as consumers braced for rocketing food and petrol prices.
This suggests that many retailers of discretionary purchases will struggle with high inflation. ..
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