Add the big rise in unsecured lending to low economic growth and the problem is clear.
The clothing retailer posted a wider annual loss as changes in stores disrupted sales, but it expects trading results to improve from September.
As consumers tighten their purse strings, retailers are sticking to their game plans, writes Nicola Mawson.
It's great to celebrate the festive season -- but don't end up out of pocket.
Retailers can expect a good festive season as consumers plan to spend on furniture, appliances and electronic goods.
Taking a contrarian view, Investec Asset Management has taken a serious bet against retailers after a strong rally.
Food suppliers have been asked to investigate ways of cutting costs, food retailer Pick n Pay said on Wednesday.
Festive trading was "robust" at New Clicks Holdings flagship Clicks stores, the retail group said on Monday in a trading update.
Pick 'n Pay was on Tuesday voted the world's best retailer by international retail organisation, the National Retail Federation.