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Mr Price says clothing division is stealing back market share
In a trading update for the first four months of its 2018 financial year, the company said on Friday that total retail sales were up 6.2% in the 18 weeks to 5 August.
For April, May and June, MRP Apparel and Milady's reported sales growth of 10.1% at current prices - which Mr Price pointed out was far ahead of the 4.8% growth that Statistics SA reported for the retail sector.
Sales growth in the overall apparel segment, which includes MRP Sport, was 8.7% in the 18 weeks to 5 August.
The homeware division did not do as well, however, with sales falling 1%, thanks to a 2.1% decline in sales at MRP Home, offset by a 1.7% increase at Sheet Street.
Source: BDpro
Source: I-Net Bridge
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