Fashion kingpins worried… as currency crisis, pricing restrictions hit Truworths
The firm’s revenues rose to $1,1 billion during the period, compared to $836 million during the comparable period last year.
By RUGARE MUBIKA
Jan. 24, 2023
Volatility vortex wipes Truworths volumes…retail giant suspends Zimdollar credit
In a trading update for the quarter ended October 9, 2022, Truworths said the suspension of Zimbabwe dollar credit hammered volumes.
By Kudzai Kuwaza
Dec. 15, 2022
Restrictive pricing hamper Truworths operations
The retail chain was losing money due to the pricing at the official exchange rate, yet, its suppliers were using parallel markets rates that were way more than 50%.
By Tatira Zwinoira
Oct. 16, 2022
