Retail stocks index drops
Fin24 - Aug 20th 2012, 10:30
Johannesburg - Retail shares came under selling pressure on Friday‚ with FTSE/JSE general retailers index falling to its lowest level in three weeks‚ giving credence to caution some analysts have made that the sector might be overheating given the strong run it has had in the last while relative to other areas of the stock market‚ such as resources.
Clothing retailers led the downside‚ with Trueworths [JSE:TRU] losing more than 5.5%‚ followed by The Foschini Group [JSE:TFG]‚ down 4.32%‚ at 2.30pm local time. There was no specific new flow on the sector on the day.
At 14:30‚ the index was down 3.52%‚ the lowest level since July 27.
Foschini launches all-woman concept store
06/09/2019 - 08:26
Fashion group Foschini has opened an All Woman concept store in the newly renovated Fourways Mall.
The owner of Foschini grabs market share
04/09/2019 - 11:41
Clothing group TFG says cash turnover has grown solidly in the first 21 weeks of its 2020 financial year, but credit extension remained almost flat in Africa due to reduced consumer spending.
Foschini's cash sales climb, but credit is under pressure
03/09/2019 - 13:58
The JSE-listed clothing retailer the Foschini Group [JSE:TFG] announced a 14.1% increase in cash sales in its South African operations in the first 21 weeks of 2020, while sales on credit only rose 0.9%.
Truworths reports steady performance
20/08/2019 - 10:04
Truworths International reported lower earnings for the year to June 2019 as Truworths posted a steady performance in the weak domestic retail market while the profitability of the Office chain was severely impacted by the depressed United Kingdom (UK) trading conditions.
Truworths profit at nine-year low as profit plunges over 70%
16/08/2019 - 11:52
Shares in Truworths slumped to a nine-year low on Friday morning after the fashion retailer reported a 74% slide in profits amid difficult trading environments in SA and the UK.