Jamie Carr Columnist

Good news out of the retail sector has been rarer of late than a measured comment from the White House. So it falls to Clicks to announce a few rays of sunshine in a period that has had most of its rivals reaching for the captive bolt. To maintain sales momentum and volume growth in the face of extreme pressure on consumer disposable income is a remarkable achievement, and a tribute to departing CEO David Kneale, who can hang up his boots on a high. Kneale’s 13-year tenure in the hot seat led to an astonishing transformation in the company, with its market capitalisation growing from R4bn to R50bn as its retail offering morphed from rudderless mess into one of the highest-quality operations on the JSE. Kneale will stay on as group strategic adviser until August 31 to smooth the transition to his successor, Vikesh Ramsunder, but since Ramsunder has been with the group for 25 years and has been groomed for succession in his time as COO, it’s hardly a leap in the dark. Clicks can still...

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