JSE-listed retailers have released a mixed bag of results updates that include November’s Black Friday and the Christmas sales period, and Statistics SA has just released its retail sales figures for November 2017. And while these are not direct time-period comparisons, there again appears to be a strange divergence between Statistics SA figures and the revenue growth figures emanating from listed retailers. Statistics SA figures have been buoyant for several months, while the companies have shown pedestrian improvement at best — and the latest trading updates are no exception. Statistics SA’s year-on-year growth in retail sales for November was 8.2%, which is way above the consensus of about 3%. In terms of categories of spending, "all other retailers" was again the notable performer during the month, recording the highest growth at 21%, followed by furniture and appliances at 14% and clothing, footwear and textiles at 13%."All other retailers" include second-hand goods and informa...

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