The Steinhoff-owned retail group Pepkor has reported a robust rise in demand for furnishings and electronics, but it surely has additionally grown its share of the clothes market.
Pepkor seems to have been a internet beneficiary of Covid-19 as shoppers proceed to buy down whereas robust demand for electronics and furnishings has made up for softer development in attire after the varsity yr bought off to a later begin because of the second wave of the pandemic.
The retail group, which is majority-owned by Steinhoff Worldwide, expects to report an honest rise in first-half earnings as South Africans kitted out house places of work and research so they may proceed to work and examine from house. In accordance with knowledge from Retailers’ Liaison Committee, it has gained market share in practically all its retail manufacturers.
Whereas it needed to cope with restrictions imposed to cope with the second wave of Covid-19, a buying and selling replace for the six months to 31 March reveals gross sales of clothes and common merchandise nonetheless elevated by 8.1% to R26.3-billion, supported by robust performances at Pep and Ackermans.
Its speciality enterprise, which incorporates the Tekkie City, Refinery, Dunns and Shoe Metropolis chains, benefitted from demand…