Black Friday boost for retail stores
By Respect Gwenzi, Jan 19, 2018
JSE-listed retail stocks rallied yesterday after Statistics South Africa posted an 8.2% year-on-year growth in retail trade sales for November 2017, exceeding market expectations of a 3.5% growth.
Mr Price gained 2.21% to trade at R255.79 a share, Truworths strengthened by 3.33% at R91.10 a share, Shoprite was 4.79% higher at R230.53 and Woolworths was 3.45% higher at R61.45.
Retail sales in footwear, textiles and leather goods were among the biggest contributors to the year-on-year growth, Stats SA said.
Kamilla Kaplan, an analyst with Investec, noted that Black Friday sales had contributed to the retail trade sales growth.
“Much of the lift in November is likely to have been derived from Black Friday deals. Black Friday sales were first introduced in November 2016,” said Kaplan.-IOL

Top Stories
Trump Slaps Zimbabwe Goods with 18% Reciprocal Tariffs: How Much Does Zim Really Trade with the USA?
he United States has imposed new tariffs on Zimbabwe as part of President Donald Trump’s rollout of a trade war strategy, introducing “reciprocal tariffs” that subject Zimbabwean goods to a minimum ta
16 hours agoZiG Weekly Commentary: Gradual Erosion Hits New April Peak, RBZ Holds Rates High But Demand Action Lags
The Zimbabwe Gold (ZiG) persists in its slow decline, with March’s gradual erosion spilling into April 2025. The ZiG closed at 26.77 on 31st of March 2025 from 26.72 in the previous week against the
1 day ago