Nine-month sales dip at SA’s Pepkor on lockdown hit

South African clothing retailer Pepkor Holdings said on Friday sales for the nine months to June 30 fell 1.5% after its stores were shut in the third quarter due to a COVID-19 lockdown.

Pepkor, a subsidiary of Steinhoff International, said group sales fell to R52.3 billion ($3.13 billion). It added that the national lockdown period during April resulted in lost revenue of an estimated R5 billion.