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NIYOSSHIC LUXURY CONSULTANCY
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Merchandising Summer Internship
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Marketing Summer Internship
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KOMAL TEXFAB PVT LTD
Senior Merchandiser - Ethnic Garments
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Software Engineer Iii - Inventory Order, India - Move Icc
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NIKE
Software Engineer ii – Move, Icc
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Fashion Designer
Internship · CHENNAI
LOTUS INTERNATIONALS
Fashion Designer Trainees
Internship · DELHI
RR GROUP
Fashion Designer
Permanent · NEW DELHI
GOKALDAS EXPORTS LTD
Manager / Asst Manager - Industrial Engineering (Garments Industry)
Permanent · Tumakuru
PS EXPORTS & CONSOLIDATES P LTD
Merchandiser/sr.Merchandiser(Woven Garments Exp)
Permanent · Chennai
NIKE
Sap bi Lead Engineer – Sec Tech, Icc, India
Permanent · Bengaluru
By
Reuters
Published
Jan 14, 2016
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South African clothing retailers' sales pick up despite weak economy

By
Reuters
Published
Jan 14, 2016

South Africa's Truworths half-year sales jumped 36 percent, it said on Thursday, the third clothing retailer this week to signal a pickup despite weak growth in Africa's most advanced economy.

Truworths' retail sales rose to 8.5 billion rand ($514.71 million) for the six months to the end of December, boosted by the inclusion of recent acquisitions British shoestore Office, and children's clothing stores Earthchild and Naartjie.


Clothing retailers have been struggling to boost sales growth as shoppers battle high personal debt levels in a slowly growing economy. But Truworths Chief Executive Michael Mark said in August the credit environment was improving.

In-store credit is an important driver for South Africa's clothing retailers and Truworths said in its update on Thursday that it was responsible for 60 percent of its sales.

On Monday, The Foschini Group said sales for the nine month to the end of December rose 33 percent driven by strong Christmas trading.

High-end retailer Woolworths, which sells clothing and food, said on Thurrsday it expected half-year headline earnings per share (EPS) to rise by 25 to 35 percent year-on-year with sales also forecast to rise.

Headline EPS, the main profit measure used in South Africa, strips out certain one-off times.

$1 = 16.5141 rand

 

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