Exclusive merchandise and an improved trading environment has seen furniture retailer Lewis Group (LEW) increase bottom-line profit by 14.5%. “Stronger sales growth was driven by the steadily improving financial state of consumers in the Lewis target market and the focus on sourcing exclusive merchandise ranges,” said chief executive, Johan Enslin. On Monday, the company, which…
Retail sales figures grew for the fifth consecutive month to 4.6% year-on-year for the three months ended May, indicating that consumers are slowly releasing their spending brakes and dipping into their pockets. Coming off a very low base after the economic downturn, hard-pressed furniture retailers seem to be gearing up for a turn in the…
Johan Enslin – he’s 36 years old. And yet after being in the hot seat for barely a year, Johan Enslin – CEO of household furniture and home appliances group Lewis – has taken the investment community into his confidence and demonstrated he was the right choice to fill the shoes of retail doyen Alan…
