Mr Price is going backwards and Pepkor's customers are under huge strain. Has the switch into 'value' been overdone?
Has the outlook for two of South Africa’s strongest fashion retailers — both aimed squarely at the low-cost shopper — suddenly darkened?
Latest results from Mr Price and Pepkor certainly show how tough it is out there, in contrast to the past few years when the value segment attracted a flock of new entrants eager to get in on the action. Now it’s the higher-end retailers, such as Truworths and Woolworths, that appear better placed. ..
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