Mr Price posts bumper Christmas sales
Discount fashion retailer says its high-performing apparel division is still gaining market share
25 January 2024 - 09:24
Mr Price has warned of rising shipping rates and longer order lead times because of increased tension in the Red Sea, which has led to ships being rerouted around the Cape.
However, it says it is working to mitigate port challenges including those in SA that delayed clothing orders arriving last year. “The instability of the Red Sea shipping route is increasing transit times. This has also resulted in increased shipping rates, however the group’s rates are contracted until June.”..
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