Credit ‘frenzy’ hits SA furniture group
FURNITURE and consumer electronics retail chain owner JD Group has blamed reckless lending by its competitors for its interim operating profit dropping by nearly half.
In the results statement for the six months ended February, it blamed “the frenzy to drive credit sales in the run up to the introduction of the National Credit Act, which [...]
Garden furniture sales up 75% at John Lewis
Last week’s hot weather may have caused overall sales at John Lewis to dip but the outdoor living section had a record week. Store sales for the week to May 10 dropped 4.3 per cent on last year to ￡47 million, while garden furniture and accessories sales were up 75 per cent.
John Lewis said the [...]