Latest news with #clothingretail
Bloomberg
17 hours ago
- Business
- Bloomberg
South African Clothing Retailers Plan More Stores, Defying Economic Growth Outlook
South African clothing retailers are adding hundreds of new stores in the next year, even as the continent's most-industrialized economy downgrades its economic growth forecast. Pepkor Holdings Ltd., Africa's largest clothing retailer, The Foschini Group Ltd. and Mr Price Group Ltd. together plan to open as many as 600 outlets, with a focus largely on their discount brands.
Daily Mail
23-05-2025
- Business
- Daily Mail
Barbecue boost for retailers lifts sales as weather turns warmer
Retail sales grew by a better-than-expected 1.2 per cent last month as spring sunshine encouraged Britons to dust off their barbecues and picnic blankets. Spending in food stores saw the biggest boost as the weather turned warmer in April, according to the Office for National Statistics (ONS). The month-on-month increase in the volume of retail sales was the fourth in a row. And the 1.2 per cent growth was stronger than the 0.2 per cent predicted by economists. Last month was one of the warmest Aprils on record, with just more than half the typical levels of rain, according to the Met Office. That helped food store sales rise 3.9 per cent. But sales fell 1.8 per cent at clothing and shoe retailers.
