Johannesburg – Furniture retailer Lewis Group was awarded a good credit rating on Friday by Global Credit Ratings for its consistent performance. Lewis received the first-time rating of A for outperforming the ailing local furniture industry, which has been hit by bad debt and slow demand. The “A” rating is a high score for a…
An old fashioned business model that is based on personal contact rather than call centres and which empowers store managers to make ‘executive’ decisions appears to be paying dividends for credit retailer Lewis Group. Despite the tumultuous times the company posted solid results for the year to March. Revenue rose 6.8% to R5.1bn and the…
Furniture and appliances retailer Lewis Group reported a 13.6% rise in headline earnings per share for the year ended March, “which speaks to the fact that our business model is a resilient one”, according to CE Johan Enslin. Mr Enslin said that amid challenging trading conditions “this is a solid set of results”. A final…
