Mmegi

Sefalana margins pressured as household spending slows

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

Editor's Comment
Appeal to public transport operators to exercise caution

Those who occasionally use highways like the A1 and A3 roads will bear testimony to have experienced this firsthand as they have been overtaken by overspeeding buses. Sadly, some of the passengers are the ones who urge some bus drivers to overspeed.The result of this madness is the horrific accident that claimed lives of nine people on Sunday evening near Lechana settlement along the A1 Highway.It is reported that the incident occurred after the...

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