How listed SA fashion retailers wore the market tumult

The original article can be found here.

Article highlights:

  • In its financial results for the half-year ended September 2020, TFG reported a headline loss per share of 91c, down 117.1%;
  • Truworths…Group retail sales for the 26-week period ended 27 December 2020 decreased by 8.5%, when compared with a year earlier, to R9.7bn;
  • Woolworths posted a 5.8% jump in turnover to R39.6bn for the half-year ended 27 December 2020. HEPS also rose, 58.3% to 261.1c;
  • During April 2020, Mr Price estimated that it lost approximately R1.8bn in sales, as all its SA stores were forced to close.