Archive for November, 2012

Edcon Reports a loss

Edcon Reports a loss

November 28, 2012 |

The well known Edcon reports a 2nd heavy loss in excess of R1 billion from continuing operations in the 26 weeks ended September 2012. This loss is albeit an improvement from the R1.5 billion loss a year ago. Total revenue in the period increased to just over R12 billion‚ from R11,772 billion a year earlier. At […]

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IAF International Student Awards 2012 announced

IAF International Student Awards 2012 announced

November 27, 2012 |

The International Apparel Federation (IAF), in cooperation with the Fashion Education Network (part of the FashionUnited group), has announced the IAF International Student Awards 2012. UK fashion design student Rebecca White (20) has been awarded the IAF International Student Awards 2012 in the category Fashion Design. The Fashion Branding award is awarded to UK marketing […]

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Mr Price profits up by 34%

Mr Price profits up by 34%

November 15, 2012 |

Mr Price, profits up by 34% in first-half profit 2013. Mr Price is among the top performers this year as investors bet on continued consumer spending thanks to above-inflation wage increases, cheap borrowing and government grants. 79,1% of total sales is cash-based. Sales increased 14% to R6 billion rand, helped partly by price increases and […]

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Woolworths Sales Up

Woolworths Sales Up

November 15, 2012 |

Woolworths Holdings (WHL) on 15 November 2012 said group sales for the first 20 weeks of the 2013 financial year increased by 15,9% over the comparable period in 2012. Sales in comparable stores grew by 9,9%. The Woolworths Financial Services (WFS) debtors’ book reflected year-on-year (y/y) growth of 10,9% at the end of October 2012‚ […]

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Truworths Sales up by 15.9%

Truworths Sales up by 15.9%

November 8, 2012 |

Truworths Sales on the up Truworths reported on Thursday that retail sales for the first 18 weeks of the 2013 financial period increased by 15.9% to R3.3bn‚ with credit sales growth of 15.1%. Comparable (same store) retail sales increased by 10.7% and product inflation averaged 3%. Credit sales comprised 72% of retail sales during the […]

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