Truworths’ first-half sales up 8%, lifted by UK Office shoe chain
Sales in the mainstay SA business fell 0.3% to R8.4bn after Truworths tightened the screws on credit
Fashion retailer Truworths said on Monday that its total sales grew 8% to R12.2bn in the six months ended-December, boosted by the UK business, which countered the stagnation in its core SA market.
Its Office shoe chain in the UK grew sales 16%, or 33% in rand terms, to R3.1bn, benefiting from what the company said were its unique market positioning, brand partnerships and strong online presence...
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