Consumers turn to Mr Price as budgets shrink

JOHANNESBURG - Cash-strapped consumers looking for more affordable options have given Mr Price a boost.

But the clothing and homeware retailer still missed its half-year revenue growth targets.

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It blames this on blackouts, social grant payment disruptions and a change to its merchandise planning system.

The group says over 80,000 work hours were lost due to power interruptions.

Sales were up 5.8 percent while online sales increased by 11.2 percent.