LATEST NEWS FOR Mr Price Group Ltd.  

Mr Price Group Ltd. is a cash-based, omni-channel, fashion-value retailer targeting younger customers in the mid to upper LSM categories retailing predominantly own-branded merchandise.... [more info]

Big-brand Edgars acquisition puts Retailability in the limelight

29 Sep 2020 /  Suren Naidoo   1
The group’s CEO previously worked for Massmart, Mr Price – and even Edcon.

Rand hits six-month high, stocks down after weak retail data

16 Sep 2020 /  Mfuneko Toyana, Nqobile Dludla and Tumelo Modiba, Reuters  
Bonds were a touch firmer, with the yield on the benchmark 2030 paper down 1 bps to 9.23%.

Money makes the world go round

31 Aug 2020 /  Ann Crotty  
Tongaat’s winners (no spoiler alert needed), Lewis’s share buyback hopes, Stefanutti Stocks’s share issue challenges, and Mr Price’s long-serving Mr Johnston re-elected to the board – the week that was.

Rand dips as dollar lifted by Fed minutes

20 Aug 2020 /  Olivia Kumwenda-Mtambo and Nqobile Dludla, Reuters  
Government bonds firmed, with the yield on the 2030 instrument down 2 basis points to 9.270%.

Mr Price online sales surge 75% post lockdown

20 Aug 2020 /  Suren Naidoo  
Beating even Black Friday 2019's online sales.

Mr Price expects half-year profit to fall by at least 20%

20 Aug 2020 /  Emma Rumney, Reuters  
The clothing and homeware retailer said group total sales in the 20 weeks to Aug 15 were down 19.2%.

Mr Price pulls plug on Nigeria

25 Jun 2020 /  Nqobile Dludla, Reuters   6
The firm is also reviewing franchise operations.

Rights issues, competition issues, and a food fight

22 Jun 2020 /  Ann Crotty  
It’s probably a good idea for corporates to be close to the front of what could become a very long queue.

Rights issues: From trickle to torrent?

19 Jun 2020 /  Ann Crotty   4
Wouldn’t be surprising, given the disconnect between generally grim operational conditions and comparatively strong share prices.

TFG is raising capital

19 Jun 2020 /  Melitta Ngalonkulu   2
In preparation for the Covid-19 shock on its balance sheet, and for acquisition potential.

Financial sector executives are getting richer

2 Jun 2020 /  Ann Crotty   11
While investors and savers get poorer. A look at PSG, Coronation, Trencor and more.

SA lists clothing allowed for sale as lockdown eases

13 May 2020 /  Nqobile Dludla, Reuters   8
The announcement followed consultations between Patel's ministry and clothing, textile and footwear industry leaders.

Lockdown: JSE-listed retail giants offer landlords a fifth of rent

15 Apr 2020 /  Suren Naidoo   21
In a counter offer amid intense negotiations.

Anglo opts for pointless AGM format

10 Apr 2020 /  Ann Crotty   1
Answers to shareholders’ questions affects how they vote on resolutions; Anglo is denying them the chance to follow that logic.

SA property owner Spear will provide rental relief to retail tenants

2 Apr 2020 /  Nqobile Dludla, Reuters   1
A halt in payments, however, also raises the question of whether landlords will be forced to default on their own debt commitments.

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