WHILE South African JSE clothing retailers for the third quarter of 2023 released positive trading statements and announced increases in their sales, they also highlighted load shedding and high inflation as challenges they are facing.
Business Report looked at business updates for The Foschini Group, Mr Price, Woolworths, and Truworths to see how these retailers have fared.
In its business update for the third quarter of 2023, released on Monday, The Foschini Group (TFG) said it had achieved a robust performance off a strong base, with group retail turnover growth of 17.3% compared to the third quarter of the 2022 financial year, and growth of 20.8% for the nine months ended December 31, 2022.
Meanwhile, the results of retailer Truworths International released on November 3, 2022 for the…