CHRIS GILMOUR: Mr Price or TFG? Both stocks weather the Covid-19 storm
With Edcon teetering on the brink of collapse, the race in the retail track is now down to the two forward-looking stocks
Mr Price, supplying fashion apparel and homeware at the lower end of the market, managed to extract a reasonable result in the year to March 31 2020 in the face of a rapidly deteriorating SA economy.
Like its peer TFG in the clothing retail sector of the JSE, Mr Price acted quickly and decisively to counteract the effect of the Covid-19 pandemic. It exited operations in Australia, Nigeria and Poland, allowing it to focus exclusively on Southern Africa, Ghana and Kenya.