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Sefalana margins pressured as household spending slows

Friday, October 11, 2024 | 500 Views |

Ear to the ground: Chauhan says consumers are shying away of luxury items PIC: KENNEDY RAMOKONE

The country’s second-largest retail grocer has noted a dip in its gross margins as households slow down spending in the face of tough economic conditions.

In the latest annual report, the group’s executives noted lower consumer spending, particularly around luxury items, as household incomes continued under pressure

Group Managing Director Chandra Chauhan stated that despite a bounce back in consumer foot traffic at Sefalana’s stores, there was a worrying trend where customers constrict their purchases to staples and shy away from luxurious brands, reflecting limited disposable income.

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Sefalana margins pressured as household spending slows

The country’s second-largest retail grocer has noted a dip in its gross margins as households slow down spending in the face of tough economic conditions.

'Face to face with the man who tried to kill me'

Couple perishes in suspected 'passion killing' crash

Dimajwe duo arrested after missing assault victim found buried

Dikoloti escapes injury after car hits cow

Five-year-old boy hospitalised after road accident in Mogoditshane

UDC rolls out 'promised' child grant

BPF to hold first youth, women congresses

Of borrowed wheels and brand new GD6

Two-tier education system demands action