Steinhoff maintains good sales momentum

File: Steinhoff says it maintained good sales momentum despite a challenging consumer environment. Photo: Google Images

JOHANNESBURG – Steinhoff says it maintained good sales momentum despite a challenging consumer environment.

The strengthening of the rand against the Euro led to a 26 percent improvement in its Euro-reported results.

The group’s South African retailers contributed almost R62-billion in revenue in the African region.

READ: Steinhoff-Shoprite merger talks collapse

Overall sales for the group, which owns Incredible Connection and Pep stores, was up by 48 percent for the three-quarters ended in June.

The global retail giant expects the UK furniture-retail market to remain challenging in the months ahead.

It also expects European and African general-merchandise segments to maintain their current growth trajectory.

eNCA

Discussion Policy

eNCA.com would like to send you push notifications.
Notifications can be turned off any time in your browser settings.
You have been registered for browser notifications