All data is delayed
See More

Sterling sales boost Truworths shares

Nov 08 2012 13:37

Company Data


Last traded 94
Change -1
% Change -1
Cumulative volume 134081
Market cap 0

Last Updated: 01-12-2015 at 10:53. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

African consumers an untapped gold mine

South Africans borrow to buy food

Consumers lie to get loans

Joining the e-party

Retail sales up 6.4% in August

Truworths lifted by share buy-back launch

Johannesburg - South Africa’s biggest-listed apparel retailer, Truworths International Ltd [JSE:TRU], reported a 16% jump in sales for the first 18 weeks of its financial year on Thursday, lifting its shares.

Truworths, which sells middle and high-end clothing in cash and on credit, said sales totalled R3.3bn in the 18 weeks to end-November, an increase of 16%.

Growth was boosted in part by new stores, which added 7.4% to the company’s trading space. Same store sales were up 10.7%.

Shares in the R45.3bn company rose 4.9% to R99 before easing back to trade up 1.21% at R98.10 at 13:31,.

Helped by decades-low interest rates and a tentative economic recovery, consumer spending is improving but analysts have warned that retailers may be priced for more than what they can deliver.

Retailers have also been boosted by expectations that low-end consumers will continue to benefit from government grants.

Truworths’ shares have surged more than 33% so far this year, mirroring similar or more gains in the sector and far outpacing a 17% rise in the benchmark index.
retail sales


Read Fin24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote