Fashion retailer Truworths’ earnings boosted by credit sales
JOHANNESBURG (Reuters) -South African fashion retailer Truworths reported a 10.3% jump in half-year earnings on Thursday as cash-strapped shoppers snapped up dresses and shoes on credit amid the high cost of living. Middle-income consumers are increasingly turning to credit to fund non-essential goods such as clothes, shoes and household items, signalling pressure on disposable incomes. …
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