AFTER A TORRID 2009, this year may yet be another rough one for South Africa’s furniture stocks, despite signs of economic recovery. That’s because the sector’s recovery largely hinges on two factors: better debt collections and an uptick in sales. But analysts have expressed mixed feelings about the sector’s prospects this year in light of…
Fourth-quarter revenue increases by 7.9% Furniture retailer Lewis increased merchandise sales by 11.7 percent last month, astonishing analysts who had expected a dismal performance for durable goods retailers over the festive season. Revenue for the quarter to December grew by 7.9 percent year on year, with merchandise sales for the same period increasing by 7.3…
Furniture retailer Lewis Group continues to earn solid returns – it released a trading update yesterday showing revenue for the final quarter of last year rising by 7.9%. December was particularly encouraging, with sales up by 11.7%. For the interim reporting period, growth was up 8%. Most of the food and clothing retailers have posted…
