Retailers will be in focus on Thursday, with Pick n Pay and Clicks scheduled to release results.Pick n Pay has not issued a trading statement, indicating its earnings for the 52 weeks to February will be within 20% of its 2017 financial year’s.Clicks also has not issued a trading update, but in a business update on January 22 said sales at its flagship chain for the first 20 weeks of the first half of its financial year had grown 14.2%, and group turnover had grown 11.3%.Massmart’s share price fell 0.83% to R165.28 on Wednesday after issuing a downbeat sales update for the 12 weeks to March 25."The group’s sales performance for the first 12 weeks of 2018 has been soft, which is a trend noted by other participants in South African retail. Total sales growth is slightly positive while comparable sales growth is slightly negative, with product deflation of 0.4%," Massmart said.Financial services group PSG said on its website it would release its results for the year to end-February on ...
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