JOHANNESBURG (Reuters) – South African furniture retailer Lewis plans to increase store numbers by a fifth in the next two to three years in a bet on recovery in Africa’s top economy. But CEO John Elsin told Reuters expansion into fast-growing sub-Saharan Africa was on hold, highlighting the difficulty for credit retailers in areas with…
Johannesburg – Furniture retailer Lewis Group [JSE:LEW] reported a forecast-beating 20.6% rise in full-year profit, helped by a decline in debtor costs as consumer spending slowly recovers. Lewis, whose stores of the same name caters for the low end of the furniture market, said on Monday diluted headline earnings per share (EPS) totalled 772.2c in…
Cape Town – Furniture retailer Lewis Group posted a strong trading performance for the financial year to March 2011 and increased headline earnings per share by 21.6% to 781 cents. A final dividend of 207 cents per share was declared, bringing the total dividend for the year to 363 cents (2010: 323 cents). Chief executive,…
