Record Mr Price credit applications as consumer confidence rebounds
Mr Price posted double-digit retail sales growth of 10.6% to R14.6bn, with comparable store sales up 6.3%
22 January 2025 - 09:58
Fashion retailer Mr Price has reported a record surge in credit applications during the third quarter of the 2024 financial year, reflecting a rebound in consumer confidence as a result of cooling inflation and a cut in interest rates.
The retailer in trading update for the three months to end-December 28 published on Wednesday, said consumer credit applications reached unprecedented levels even as rejection rates remained elevated...
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