Profit climbs 18% in tough climate
August 22, 2008, 11:12 am
Filed under: Local Company News
Filed under: Local Company News
August 21, 2008
Truworths lifted second-half profit 10 percent to R584 million after opening more stores, full-year figures from the country’s largest listed clothing retailer showed yesterday.
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Analysis: Fashion sense is Truworths’ strong suit
Truworths investors rejoiced in February when the fashion retailer said chief executive Michael Mark’s contract had been extended for another three years; after all, he had just delivered 26 percent earnings growth in a tough market for discretionary retailers.
Price fears drive workers, employers to showdown
August 22, 2008, 11:09 am
Filed under: Local Company News
Filed under: Local Company News
August 21, 2008
Cape Town – The soaring cost of living – and the need felt by several companies to restructure in the face of tougher trading conditions and higher interest rates – has brought to a head tension between unions and employers.
