Filed under: Retail
By Thomas Mulier
Geneva – Richemont, the world’s largest jewellery maker, may report its slowest profit growth in three years this week after US shoppers trimmed spending on Cartier necklaces and Lancel leather bags.
Filed under: Retail
By Tom Robbins
Cape Town – Mr Price Group’s first-half clothing sales powered ahead as its discount cash model paid off in the downturn, but its homeware division struggled, the retailer said yesterday.
By Tom Robbins
Cape Town – Spar had introduced a more expansive dividend policy and store owners would add another 5 percent trading space, the grocery distribution group said in an upbeat results presentation yesterday.
Retailers of soft furnishings, pots and pans, cutlery and crockery, such as Mr Price Home and Foschini group’s @home, don’t seem to have anywhere to turn in these tough economic times.
