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…
Furniture retailer Lewis Group lifted revenue by 8% to R4.1 billion in the year to March 2010 as the early signs of improving economic conditions started to benefit consumers, while improved margins increased the group’s profitability by 9%. Earnings per share increased by 5.6% to 672.0 cents and the total dividend was maintained at 323…
