Q&A: Lewis CEO Johan Enslin talks furniture imports and share buybacks
The middle-class business United Furniture Outlets battled due to logistics costs rising from 8%-15% of lounge suite costs to 25%-45%
25 November 2022 - 05:00
Lewis released its half-year results to end-September on Thursday, indicating a 4.3% growth in sales to R2.1bn and an almost 20% rise in headline earnings per share.
But it struggled in its niche middle-class business United Furniture Outlets (UFO). We asked CEO Johan Enslin about the challenges of importing furniture and how it is buying back its own shares. ..
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