Sefalana margins pressured as household spending slows

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.