Ghost Wrap

Ghost Wrap #61 (The Foschini Group | Mr Price | Truworths | Pepkor)

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Welcome to Ghost Wrap, your regular update on the most interesting company news in the South African market.

In this episode of Ghost Wrap, I focused on the recent updates from four clothing retail groups:

  • The Foschini Group got the market excited about the sector, with strong growth in the local business and encouraging commentary on margins - but the offshore businesses have suffered.
  • Mr Price also put in promising revenue growth and has a positive gross margin story to tell, with the base effect making a big difference here.
  • Truworths has struggled in the local business (admittedly vs. a high base), with the UK-based business shooting the lights out - especially when translated to rands.
  • Pepkor is a perfect example of why credit sales are important for local retailers, with cash sales growth being hard to come by. 

    • The Ghost Wrap podcast is proudly brought to you by Mazars, a leading international audit, tax and advisory firm with a national footprint within South Africa. Visit the Mazars website for more information.

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    Ghost WrapBy The Finance Ghost
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