Finweek English Edition - - In Brief -

Mr Price’s turn­around strat­egy has been pay­ing off, with the group ex­pect­ing earn­ings per share to climb as much as 25% for the 26 weeks to end Septem­ber, beat­ing mar­ket ex­pec­ta­tions,

re­ported. After a dif­fi­cult 2016, in which the dis­count re­tailer saw its share price drop 20%, CEO Stu­art Bird said the group would fo­cus on im­prov­ing the qual­ity of mer­chan­dise while still of­fer­ing af­ford­able prices, and in­te­grat­ing tech­nol­ogy to im­prove op­er­a­tions and cus­tomer ex­pe­ri­ence, the news­pa­per re­ported. Mr Price – which also owns Mi­la­dys, Sheet Street and Mr Price Home – has re­turned nearly 35% to share­hold­ers so far this year.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.