Budget retailer Mr Price said on Thursday its sales have declined 22.1% since President Ramaphosa declared a national state of disaster on March 15 following the outbreak of the coronavirus in the country.
Mr Price, known for its no-frills clothing and furniture stores, said sales are for the period starting March 16 to March 24 and it anticipates making no sales in South Africa over the 21-day lockdown period, which started at 12h00 on Friday.
South Africa sales account for 92% of group sales.
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I predict that sales will be down 100% for the next 3 weeks.
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