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LEWIS NEWS ON FASTMOVING

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Cash retail chain and new credit rules boost Lewis Group's bottom line

Cash retail chain and new credit rules boost Lewis Group's bottom line

29/05/2019 - 14:36
The acquisition of cash retailer United Furniture Outlets (UFO), along with changes to credit granting regulations, boosted the results for the furniture and appliance retailer Lewis Group, despite a sluggish economy. read more
Improved third-quarter sales lift Lewis out of slump

Improved third-quarter sales lift Lewis out of slump

31/01/2018 - 10:16
Lewis Group’s share price jumped 33% last week after the furniture retailer announced improved quarterly sales. read more
Lewis shares soar after quarterly trading update

Lewis shares soar after quarterly trading update

23/01/2018 - 11:32
Furniture retailer Lewis’s share price rose as much as 16.5% to R28.31 on Tuesday morning, following the release of its December-quarter trading update. read more
Buyback nod fails to boost Lewis

Buyback nod fails to boost Lewis

18/10/2017 - 08:22
The prospect of renewed share repurchasing failed to move the Lewis share price on Tuesday and it closed marginally weaker at R27.45. At the annual general meeting earlier in the day, 99.9% of shareholders voted to give the board authority to repurchase up to 5% of the shares in issue. read more
Regulator to challenge Lewis victory in club fees battle

Regulator to challenge Lewis victory in club fees battle

06/06/2017 - 09:16
The Consumer Tribunal has dismissed the National Credit Regulator’s (NCR’s) complaint against Lewis Stores relating to the retailer’s club fees and extended warranties. read more
Lewis’s shares rise despite profit warning

Lewis’s shares rise despite profit warning

18/05/2017 - 11:09
Furniture retailer Lewis warned shareholders on Wednesday that its earnings were expected to fall by as much as 66% — which appears to have been less severe than investors expected because its share price jumped 3% on Thursday morning. read more
Woollam cleared of Lewis insider trading

Woollam cleared of Lewis insider trading

30/09/2016 - 10:29
SHAREHOLDER activist Dave Woollam has been cleared by the Financial Services Board (FSB) of allegations of insider trading in shares in Lewis, SA’s largest furniture retailer. read more
Tribunal wants audit of all Lewis credit deals

Tribunal wants audit of all Lewis credit deals

15/09/2016 - 08:33
IN ITS first substantial ruling against a listed company, the National Consumer Tribunal has ordered Lewis Stores to oversee an independent audit of all the credit agreements it has entered into since 2007. read more
Lewis court case depicts frequent bad debt frenzy

Lewis court case depicts frequent bad debt frenzy

25/08/2016 - 10:26
COURT papers in the unprecedented legal battle between furniture retailer Lewis Group and shareholder Dave Woollam provide details of the extremes to which management allegedly went to hide the grim reality of the group’s poor performance. read more
Lewis investor battle escalates

Lewis investor battle escalates

26/07/2016 - 10:27
THE battle between shareholder activist Dave Woollam and the directors of Lewis Stores escalated this past week, with the lodging of papers at the High Court in Cape Town on Wednesday that could see the minority shareholder have the directors declared delinquent. read more
Lewis Group flags profit drop as sales slow

Lewis Group flags profit drop as sales slow

17/05/2016 - 08:39
Johannesburg - The Lewis Group expects a drop in full-year profit of up to 29% after sales slowed in the second half of its trading period due to a weak economy, the company said on Monday (16 May). read more
EXCLUSIVE: Lewis taken to high court over fees

EXCLUSIVE: Lewis taken to high court over fees

25/02/2016 - 10:03
Cape Town - Consumer watchdog Summit Financial Partners is taking Lewis Group [JSE:LEW] to the Cape High Court for what it alleges to be unfair practices. read more
Lewis shares jump to all-time high

Lewis shares jump to all-time high

28/01/2015 - 09:54
Johannesburg - Furniture company Lewis' revenue grew 4 percent in the nine months to December on strong sales during the festive season, it said on Tuesday, sending its shares to an all-time high. read more
Furniture market ‘over traded and too crowded’

Furniture market ‘over traded and too crowded’

05/11/2014 - 09:25
The piece-by-piece sale of Ellerine Holdings’ brands augurs change for SA’s overtraded furniture sector as sales slump at credit-heavy players and customers struggle to repay loans. read more
Why Lewis should step out the laager

Why Lewis should step out the laager

15/07/2014 - 09:50
Are alarm bells ringing at furniture retail company Lewis? Although the 80-year-old company boasts that it is South Africa’s “largest furniture chain” with 636 stores, it has never been particularly great at transparency. read more
Lewis 4-month sales rise 5%

Lewis 4-month sales rise 5%

21/08/2012 - 07:38
Johannesburg - Furniture retailer Lewis Group [JSE:LEW] said on Friday that sales for the four months ended July 2012 increased by 5%‚ from the same period a year ago. read more
Lewis lifts sales 5.5%

Lewis lifts sales 5.5%

31/01/2012 - 09:07
Johannesburg - Retailer Lewis Group [JSE:LEW] on Friday said merchandise sales for the quarter ended December 31 2011 increased by 5.5% off a high comparative base of 13% last year.  read more
Top retailers avoid equity BEE partners

Top retailers avoid equity BEE partners

28/11/2011 - 08:35
Politically connected empowerment’s usual suspects are missing out on a combined market capitalisation of more than R160 billion as they are shunned by top JSE-listed retailers, which have chosen to rather give stakes to their staff and support struggling black entrepreneurs. read more