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Dark days for Mr Price

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A raft of deals flatters the retailer’s top line, but organic growth is going backwards and the market is worried – and blaming it all on Eskom just won’t cut it.

Mr Price is seething over the government’s abject failure to provide electricity, which is beginning to gouge a deep wound in the retailer’s performance.

Yet the company’s own lack of organic sales growth — power cuts aside — is becoming a real worry for the market, which punished Mr Price last week despite a record third-quarter sales performance ...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

Source: News Formal (newsformal.com)

 

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