Mr Price Group's trading update shows the retailer has clawed back market share, despite a highly competitive environment. On Friday, the retail group's share price jumped 4.57% to R189.54 after it reported that retail sales grew by 6.2% to R6.5-billion in the first four months to August 5. Syd Vianello, an independent retail analyst, said Mr Price's growth was attributable to better ranges and pricing. "What the sales tell you is that they have got the ranges right and they are putting an effort into getting the ranges right and it is working. In apparel retailing you are as good as your next range ... the momentum seems to be re-established," said Vianello. Earlier this year, when the retailer released its full-year results, it reported its first profit drop in 16 years. But for this period to August 5, Miladys total sales gained 13.5% as comparable sales were 12.3%. Vianello said Miladys started off a low base and "they have a hell of a long way to go; it's a bounce from a deep b...
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