Credit sales crunch dims prospects
21 August 2016 - 02:00
Cash sales were king at Truworths International, but the slowdown in credit sales has curbed the group's growth, muddying the outlook for the fashion retailer. For the year ended June 26, Truworths reported cash sales growth of 129.7% and credit sales growth of 11% across all of its brands, including Office, Earthchild and Naartjie.
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