Harare - Truworths Limited, the Zimbabwean affiliate of Truworths International [JSE:TRU], is struggling to make sales as the country’s economic environment continues to decline.
The clothing retailer, owned 34.39% byTruworths, on Thursday reported a 19% drop in merchandise sales for the half-year ended January 11 2015, a sign that consumers are feeling the pinch of a flatlining economy.
Revenue for the period was also down 19% to US$11.4m, from $14.1m in the prior comparative year.