Retail company Pepkor reported flat sales in its main Pep brand, and declining sales at Ackermans and its tech and furniture stores over the peak shopping season due to load-shedding and a constrained consumer.
In a trading update for the three months to end-December, group like-for-like sales declined 1.4%. However, including its new Brazilian business, discount adult clothing store Avenida and newly opened 132 stores, it grew sales 7.7%...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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