Mail & Guardian
Mail & Guardian
truworthslatest news & developments
Major JSE–listed clothing retailers have rejected the department of employment and labour concerns that they are “unwittingly” supporting “inhumane and sweatshop conditions” in the clothing and textile sector in KwaZulu-Natal, insisting that they adhere to regulations. (Photo by: Jeffrey Greenberg/Universal Images Group via Getty Images)
SOUTH AFRICAN CLOTHING AND TEXTILE WORKERS UNION

JSE-listed clothing retailers want labour department to shut down sweatshops

The South African Clothing and Textile Workers Union has said people are working from 10 to 16 hours a day, seven days a week for as little as R120 to R200 a week

  • Lyse Comins
6 min read
(Chelsea Bartz)
CAPE TOWN

Fashion’s future is bricks and clicks

Lockdown forced reluctant South African clothing retail stores online: although foot traffic in brick-and-mortar stores remains important in a mall culture like ours, the secret…

  • Sarah Smit
5 min read
The National Credit Regulator says it will consider appealing the judgment.
FIN1

High court ruling could unleash flood of new credit applications

TransUnion CEO Lee Naik stressed the ruling does not scrap the entire National Credit Act regulation, which makes provision for responsible lending

  • Fin1
2 min read
Some say the decision to scrap the need for borrowers to provide documented proof of income will result in reckless lending but others believe it is a fair decision.
FOSCHINI

Credit ruling gets mixed reaction

Both those for it and against it want responsible lending but are at odds over how it should be done

  • Staff Reporter
6 min read
A Makro store
JANICE KEW

Massmart shares up as it anticipates an earnings gain

While other retailers battle with slow growth, Massmart has announced its earnings gained as much as 37% last year.

  • Franz Wild
1 min read
FOSCHINI

Mr Price leads clothing retailers lower as sales lag inflation

While store sales increased 10.5% in the final quarter of 2013, it could not match the rise in costs the company said.

  • Franz Wild
1 min read
MASSMART

Woolworths to close Nigeria stores

The retailer has thrown in the towel after several failed attempts to improve performance in the north African country.

  • Franz Wild
  • Robert Brand
2 min read
Edcon, the holding company of fashion retailers such as Edgars, Truworths and Red Square, saw first-quarter losses soar. (Supplied)
CNA

Edcon losses rise as store remodeling disrupts sales

Clothing retailer Edcon has posted a first-quarter loss in excess of R700mn as a result of operational disruptions and falling sales.

  • Franz Wild
2 min read
SOUTH AFRICA

Truworths sees higher full-year profit, sales up

South Africa’s biggest listed apparel retailer, Truworths, expects to report a 10% to 13% rise in full-year headline earnings per share.

  • Staff Reporter
1 min read
FOSCHINI

Foschini sales up 8,7%

South African clothing retailer Foschini posted an 8,7% rise in third-quarter revenue on Friday, thanks to new stores.

  • Rebecca Harrison
2 min read
SOUTH AFRICA

Truworths says group retail sales up 14%

Truworths International has reported a 14% increase in retail sales for the first 18 weeks of the 2009 financial year.

  • Staff Reporter
1 min read
SOUTH AFRICA

Truworths half-year sales rise 20%

Clothing retailer Truworths posted on Thursday a 20% rise in half-year sales, at the low end of its expectations, as seven interest rate hikes crimped consumer spending.…

  • Staff Reporter
1 min read