Sector: Consumer Services
The company is available at Interactive Brokers
Truworths International (JSE:TRU) is an investment holding company whose businesses are engaged in the retailing of fashion apparel and accessories. The Group incorporates Truworths, one of South Africa's leading fashion retailers, with over 728 stores in South Africa and 49 in the rest of Africa, as well as Identity, YDE and Uzzi.
The Truworths business model is driven by a philosophy that has been developed and refined over many years in pursuit of a unique approach to achieve sustainable growth in the complex and fast-moving retail fashion environment.
A major asset in this pursuit has been the strength of the Truworths brand, which represents an innovative, South African interpretation of fashion trends and attractive styling, competitive with the highest international standards, to youthful, fashionable consumers.
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South African fashion retailer Truworths International reported on Thursday a 49.9% rise in annual profit as consumers coming out of COVID-19 lockdowns splashed out on items to rejuvenate their wardrobes and homes.
2022-09-01
South African fashion retailer Truworths International reported on Tuesday a 9% rise in annual sales as lockdown restrictions eased at home and in the United Kingdom.
2022-07-26
South African fashion retailer Truworths International Ltd reported a 32.2% increase in half-year profit on Thursday, sending its shares up more than 8% as its business recovered to pre-pandemic levels due to eased restrictions.
2022-02-17
* Exploring atleisure brand to capitalize on casual wear trend
2021-02-19
* Making progress in UK shoe chain Office turnaround (Recasts with growth prospects, adds file photos)
2021-02-18Retailer Truworths International Ltd said on Friday its profit for the half year ended Dec. 27 will likely fall by between 4% and 9% as its operations across the UK and South Africa were hit by weak spending as people stayed indoors.
2021-01-16
South Africa`s Truworths International Ltd plans to close about 58 of its loss-making Office shoe stores in Britain, its CEO said on Friday, with an overhaul of the remainder of the retailer expected to boost sales and margins.
2020-09-04
* Co swings to trading loss of 1.3 bln rand due to impairments (Recasts lead paragraph and headline with Office funding)
2020-09-03
South African retailers The Foschini Group (TFG) and Mr Price Group reported healthy sales growth over the holiday season, with Black Friday discounts luring consumers into stores.
2020-01-17Clothing retailer Truworths International reported a small increase in half-year sales on Wednesday, reflecting constrained spending in South Africa and Britain despite a boost from the key November-December period.
2020-01-15
South Africa`s Truworths International Ltd will close up to 15 of its loss-making Office stores in the UK, its CEO said on Friday, with an overhaul of the remainder of the shoe retailer expected to boost sales and profits.
2019-08-16
* Major financial restructure of Office is not being contemplated (Recasts with possibility of Office store closures)
2019-08-15
South African fashion retailer Truworths International Ltd said on Tuesday its British footwear chain Office has entered debt restructuring talks with its lenders amid tough trading conditions.
2019-07-02
