Pepkor shows double-digit sales growth in first three weeks of 2020
DURBAN – Pepkor Holdings reported a slight increase in sales in its two divisions: Pep and Ackermans, in the three months to end December as a result of the late start to the school year.
The group said Pep and Ackermans brands reported sales growth of 6.4percent with like-for-like sales growth of 3.2percent.
“Sales performance was negatively impacted by a shift in ‘back-to-school’ trade from December 2019 to January 2020, as a result of the later start to the school year” the group said.
However, the group reported double-digit growth in sales in the first three weeks of January.
Since the beginning of January, Pepkor said trading was relatively stronger in most brands, supported by the shift in the back-to-school campaign.
Source: iol.co.za