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MR PRICE NEWS ON FASTMOVING

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Tough economy put a chill on Mr Price retail sales

Tough economy put a chill on Mr Price retail sales

23/08/2019 - 09:24
A tough economic climate has put pressure on Mr Price's fashion retail sales, as customer spending remained constrained, the company said in a trading statement for the first four months of its financial year ended March 28. read more
Mr Price rethinks international strategy after leaving Australia

Mr Price rethinks international strategy after leaving Australia

03/06/2019 - 13:52
Mr Price Group’s new CEO wants the retailer to take a new approach to offshore growth after the group pulled the plug on its fledgling Australian business and as it considers doing the same in Poland. read more
Mr Price Group's shares rally on annual results

Mr Price Group's shares rally on annual results

31/05/2019 - 10:16
Mr Price Group’s shares opened sharply higher after the company raised its annual dividend thanks to better earnings. read more
Mr Price boosted by improved perception

Mr Price boosted by improved perception

27/11/2018 - 08:23
Improved consumer perception of Mr Price's quality and fashion helped it grow sales and profit in the first half of its 2019 financial year. read more
Mr Price CEO to retire

Mr Price CEO to retire

18/10/2018 - 08:41
Mr Price CEO Stuart Bird will be succeeded by CFO Mark Blair on January 1, the retailer announced. read more
Mr Price cuts final dividend despite double-digit profit growth

Mr Price cuts final dividend despite double-digit profit growth

08/06/2018 - 09:32
After generously raising its interim dividend by 22%, Mr Price cut its final dividend by 6%. read more
Mr Price bounces back with sales surge

Mr Price bounces back with sales surge

18/01/2018 - 08:43
Mr Price outperformed other retailers in the three months to December, recording 8.3% growth in sales. read more
Shares in Mr Price benefit from upbeat announcement

Shares in Mr Price benefit from upbeat announcement

07/11/2017 - 10:21
Retail group Mr Price’s share price jumped 11% to R169.99 on Tuesday morning after it said interim earnings grew by up to 25%. read more
Mr Price wins in battle against slowdown

Mr Price wins in battle against slowdown

04/09/2017 - 08:18
Retailer Mr Price’s short-term strategic response to tough, low-growth market conditions picked up momentum in the half-year to August, a trading update showed on Friday. read more
Mr Price says clothing division is stealing back market share

Mr Price says clothing division is stealing back market share

01/09/2017 - 10:34
Clothing and homeware retailer Mr Price says it is making headway in its attempt to regain market share lost by its clothing units, MRP Apparel and Milady’s. read more
Foschini in breach of credit act - NCR

Foschini in breach of credit act - NCR

04/07/2017 - 14:08
The National Credit Regulator (NCR) on Tuesday referred Foschini to the National Consumer Tribunal (NCT) for being in breach of the National Credit Act. read more
Mr Price: what went wrong at SA's retail darling

Mr Price: what went wrong at SA's retail darling

09/06/2017 - 09:43
When Mr Price posted its full-year results last week, its share price rose nearly 4% — and spiked to an even higher level in the course of the day. This was in spite of it posting a 12% drop in earnings. read more
Club charges trip up Mr Price

Club charges trip up Mr Price

02/06/2017 - 08:41
The National Credit Regulator (NCR) has accused Mr Price Group of contravening sections of the National Credit Act, an allegation the retailer denies. read more
Grinch steals Mr Price’s Christmas cheer

Grinch steals Mr Price’s Christmas cheer

17/01/2017 - 11:22
Budget clothing retailer Mr Price suffered a 0.5% decline in sales to R6.1bn over the Christmas quarter even before taking into account high product inflation of 10.8%. read more
Mr Price’s home division offsets slump in clothing sales

Mr Price’s home division offsets slump in clothing sales

14/11/2016 - 09:52
Retailer Mr Price managed to offset some of the slump in clothing sales with better performance by its other divisions. read more
Mr Price Group positions for future using customer engagement software by Interactive Intelligence

Mr Price Group positions for future using customer engagement software by Interactive Intelligence

27/09/2016 - 10:37
Mr Price Group realises ROI within six months of deployment; company cites improved efficiencies, a better customer experience, increased sales and significant savings read more
Mr Price raises sales amid weak economy

Mr Price raises sales amid weak economy

01/06/2016 - 16:30
Johannesburg - Mr Price said yesterday that its sales exceeded R20 billion and earnings exceeded R10 a share for the first time since the group’s inception. read more
Mr Price poaches manager of go-getting ad agency

Mr Price poaches manager of go-getting ad agency

13/05/2016 - 11:34
In a blow to multi award-winning advertising agency Ireland/Davenport, it has lost its MD to Mr Price. read more
Truworths CEO designate quits

Truworths CEO designate quits

08/12/2015 - 09:58
Truworths CEO designate Jean-Christophe Garbino, who was officially meant to take the helm last July, has resigned. read more
Wellness well worth the share price

Wellness well worth the share price

23/07/2015 - 14:27
Retailer Mr Price does not have a wellness programme — "not an established one, we just do what we do", says Steve Glendinning, group people director for the company. read more
No ordinary windfall for Mr Price brass

No ordinary windfall for Mr Price brass

28/01/2015 - 09:46
It seems it's not just analysts who reckon the Mr Price share price is a bit steep. read more
SA Retail stocks hit record

SA Retail stocks hit record

21/01/2015 - 14:02
Johannesburg - Retail stocks climbed to a record on speculation the central bank would reduce borrowing costs to spur an economy struggling to reignite growth.  read more
Mr Price maintains solid sales growth in third quarter

Mr Price maintains solid sales growth in third quarter

16/01/2015 - 13:04
Cash-based retailer Mr Price Group said on Thursday it had maintained its 14.2% sales growth rate through the third quarter of its 2015 financial year, buoyed by cash sales and its apparel stores. read more
Mr Price bucks retail sector gloom

Mr Price bucks retail sector gloom

19/11/2014 - 10:52
Cheap and chic cash-based retailer Mr Price bucked the doldrums in the broader retail sector to report a 23% increase in first-half profit on Monday. read more
Mr Price: Earnings up despite industry slump

Mr Price: Earnings up despite industry slump

24/10/2014 - 12:07
Mr Price Group, the retailer that sells most of its clothing and housewares for cash, rose to a five-week high after reporting first-half earnings gains that ran counter to a consumer-spending slump.  read more
Mr Price shares rally as double-digit sales growth pierces retail sector gloom

Mr Price shares rally as double-digit sales growth pierces retail sector gloom

04/09/2014 - 10:46
Shares in Mr Price rose as much as 2.3% to R210 on Wednesday after it reported double-digit sales growth, bucking the trend in the retail sector. read more
Mr Price launches mobile network

Mr Price launches mobile network

01/08/2014 - 10:35
Value fashion retailer, Mr Price, has launched a mobile virtual network operator (MVNO), on the back of its successful push online over the past 18 months. read more
Reject clothes find favour

Reject clothes find favour

30/07/2014 - 11:42
There is a growing market for distressed merchandise as consumers continue to shop down because of economic challenges.  read more
Apapa Mall, Lagos, to be ready in first quater of 2014

Apapa Mall, Lagos, to be ready in first quater of 2014

04/02/2014 - 08:05
Shoppers in Apapa area of Lagos and its environs will soon have their shopping experiences enhanced as Apapa Shopping Mall, being built by Wemabod Estate, a subsidiary of the Odu’a Group of Companies, will be ready for use by the end of the first quarter of the year. read more
Mr Price slides on sales figures let-down

Mr Price slides on sales figures let-down

17/01/2014 - 08:14
Johannesburg - Discount retailer Mr Price failed to impress investors with a 15% rise in third-quarter sales on Thursday, reflecting the lofty expectations for one of Johannesburg's most expensive stocks. read more
Namibia: First stores open at Keetmans Mall

Namibia: First stores open at Keetmans Mall

02/12/2013 - 09:49
Hundreds of shoppers flocked to the Keetmanshoop Old Mutual Retail Centre last month after Crazy Stores became the first outlet to open its doors to the public with Fashion Express and Exact following suit.  read more
Mr Price earnings jump 22%

Mr Price earnings jump 22%

13/11/2013 - 14:36
Johannesburg - Retailer Mr Price on Tuesday posted interim earnings growth of 22% because of sales growth and said it plans to open over 40 stores in the second half of the year. read more
Mr Price shares hit record amid slump

Mr Price shares hit record amid slump

29/10/2013 - 08:28
Mr Price Group Ltd. advanced to a record high after the South African clothing and furniture retailer said earnings climbed 18 to 22 percent even as household budgets tightened. read more
Nigeria: Fashion outfit, Mr Price, berths in Ibadan

Nigeria: Fashion outfit, Mr Price, berths in Ibadan

06/05/2013 - 10:40
Residents of Ibadan metropolis trooped out enmasse on Wednesday, to have a glimpse of a wear outfit located at the newly opened Odu’a Shopping Mall, along J Allen area, Ibadan, the Oyo State capital. read more
Botswana: Textile sector teeters on the brink

Botswana: Textile sector teeters on the brink

06/05/2013 - 09:50
The future of about 4,000 workers in the country's textile sector is uncertain as firms report that local and export orders for June and beyond have dried up.  read more
Mr Price Expects 20% Surge In Profits

Mr Price Expects 20% Surge In Profits

19/04/2013 - 09:23
Shares of JSE-listed Mr Price gained 3 percent to R118.98 on Wednesday’s early trade after it said figures for the year ended March would be higher than in the previous reporting period. read more
Retailers‚ industrials underpin JSE

Retailers‚ industrials underpin JSE

09/04/2013 - 10:07
Johannesburg - SA stocks recovered slightly from last week’s declines on Monday‚ as retailers and industrials led the market higher.  read more
SA retailers lose steam

SA retailers lose steam

01/02/2013 - 08:19
Johannesburg - South African retailers, fund managers' must-haves in their portfolios for more than a year, are fast falling out of favour as debt-led consumer spending starts to unravel. read more
Mr Price shares drop

Mr Price shares drop

21/01/2013 - 08:31
Shares in Mr Price fell more than 2 percent after the South African clothing retailer said quarterly sales grew by 10 percent, disappointing investors who may have been expecting a bigger rise.  read more
Nambia: Construction starts on the Old Mutual Keetmanshoop Retail Centre

Nambia: Construction starts on the Old Mutual Keetmanshoop Retail Centre

18/01/2013 - 09:34
His Excellency, President Hifikepunye Pohamba, on 26 October 2012 laid the foundation for the N$92 million Keetmanshoop Retail Centre, which is being developed by financial services giant Old Mutual. read more
Mr Price shares drop

Mr Price shares drop

18/01/2013 - 07:50
Shares in Mr Price fell more than 2 percent after the South African clothing retailer said quarterly sales grew by 10 percent, disappointing investors who may have been expecting a bigger rise. read more
Retailers to remain under pressure

Retailers to remain under pressure

13/12/2012 - 10:01
The fight for market share among food and clothing retailers would continue next year as retail sales were expected to remain flat while consumers battled with high debt and increased utility costs, retail analysts said last week. read more
Mr Price earnings seen higher

Mr Price earnings seen higher

26/10/2012 - 07:44
Johannesburg - Mr Price Group [JSE:MPC] advised on Thursday that for the 26 weeks ended September 2012‚ its basic earnings and headline earnings per share are expected to increase by between 30% and 35% due to a lower taxation charge as a consequence of no STC being levied on the 2012 final dividend‚ which was paid in the current period. . read more
Mr Price forecasts profit increase

Mr Price forecasts profit increase

05/10/2012 - 08:01
Retailer Mr Price (MPC) on Thursday announced it expects its headline earnings and basic earnings per share for the 26 weeks ended September 29 “are likely to be higher than the previous corresponding period by more than 20%.”  read more
Mr Price joins blue-chips, shares rise

Mr Price joins blue-chips, shares rise

19/09/2012 - 07:55
Shares in Mr Price Ltd rose more than 3 percent on Tuesday after the Johannesburg Stock Exchange (JSE) said South Africa's third-biggest listed clothes retailer would join its blue-chip index next week.  read more
Mr Price’s sales surge reflects its market savvy

Mr Price’s sales surge reflects its market savvy

31/08/2012 - 08:48
Mr Price on Thursday reported an impressive 14.9% growth in sales for the 18 weeks to August 4, proof the fashion retailer has once again read the market right. read more
Mr Price launches online shop for web and mobi users

Mr Price launches online shop for web and mobi users

01/08/2012 - 08:25
Mr Price on Monday went live with its online retail offering, which CEO Stuart Bird says will enable the company to further strengthen relationships with its target customers. read more
The Cavaleros Group reveals its sassy new look at Norwood Mall

The Cavaleros Group reveals its sassy new look at Norwood Mall

10/07/2012 - 08:52
The reconfiguration will ensure the best mix of retailers in positions which create a dynamic and convenient shopping experience.  read more
Mr Price set to attract US investors

Mr Price set to attract US investors

03/07/2012 - 11:20
The share price of Mr Price rose to a record high yesterday after it announced the appointment of New York-based financial services company, BNY Mellon, as the depositary bank for its American depositary receipt programme. read more
Singapore state investor buys into SA’s Spar, as trend continues

Singapore state investor buys into SA’s Spar, as trend continues

19/06/2012 - 09:02
South African retailers continue to pique the interest of foreign buyers, with the Government of Singapore Investment Corporation acquiring a stake in Spar. read more
Investec Property refurbishes Fleurdal Mall in Bloemfontein

Investec Property refurbishes Fleurdal Mall in Bloemfontein

15/06/2012 - 08:39
Investec Property is pleased to announce that the refurbishment of its Fleurdal Mall, situated in Vereeniging Avenue, Fleurdal, Bloemfontein is progressing well.  read more
Clothing retailers mostly looking good

Clothing retailers mostly looking good

07/06/2012 - 09:59
Clothing retailers have beat market expectations in the past year, improving performances and margins through supply chain efficiency, but how sustainable is this growth as consumers come under increased pressure? read more
Mr Price to launch online shopping

Mr Price to launch online shopping

25/05/2012 - 08:22
Johannesburg - In an aim to grow market share, fashion retailer Mr Price Group [JSE:MPC] will launch an online shopping platform later this year.  read more
Mr Price to increase its trading space

Mr Price to increase its trading space

24/05/2012 - 12:56
Fashion retail chain Mr Price hoped to extend trading space by 5% in the coming year and was set to launch an online store to grow market share, it said in its results for the 52-weeks ended March, released yesterday. read more
Mr Price earnings seen higher

Mr Price earnings seen higher

03/05/2012 - 08:33
Johannesburg - Retailer Mr Price Group [JSE:MPC] advised on Wednesday that for the 52 weeks ended 31 March 2012 it expects basic and headline earnings per share to have increased by between 18% and 23% over the prior year, being the 53 weeks ended 2 April 2011.  read more
Mr Price third quarter sales growth 15.9%

Mr Price third quarter sales growth 15.9%

12/01/2012 - 10:15
Mr Price Group has recorded sales growth of 15.9% for the third quarter over the comparable period in the prior year. read more
SA retailers look to rest of Africa

SA retailers look to rest of Africa

20/12/2011 - 09:18
As competition intensifies in SA, local retailers have looked offshore for growth and many have also understandably set their eyes on the rest of Africa.  read more
Woolworths shares dip as sales disappoint

Woolworths shares dip as sales disappoint

18/11/2011 - 08:32
Shares in Woolworths fell more than 2% yesterday after the food and fashion retailer reported disappointing sales growth in its clothing unit as well as poor volume growth in its first five months of trading in its full year. read more
Mr Price has Nigeria in its growth plan

Mr Price has Nigeria in its growth plan

16/11/2011 - 08:39
Angola, Ghana are next says retailer as sales rise 10,7% read more
Strong performance continues into second half of the year

Strong performance continues into second half of the year

26/05/2011 - 07:26
(Durban, 26 May 2011) This year, Mr Price Group celebrates the 25th anniversary of the change in control in the company. The compound annual growth rate in share price and dividends per share over this period has exceeded 25%, with headline earnings per share growing at a compound annual rate of 24%. Other significant milestones have also been achieved this year – retail sales have exceeded R10 billion and profit attributable to shareholders has exceeded R1 billion for the first time.  read more
Profit surge for Mr Price

Profit surge for Mr Price

04/05/2011 - 11:27
Johannesburg - Shares in Mr Price Group [JSE:MPC] rose more than 2% in early trade on Tuesday after the discount clothing retailer forecast as much as a 53% rise in full-year profit. read more