TIISETSO MOTSOENENG: Retailers’ sales boom not necessarily bottomline boon 🔒
For food retailers, it is hard to recall the last time business was this strong.
For the weeks to the end of March, Woolworths reported a near 28% jump in sales from its grocery outlets, which remain open during the nationwide lockdown, ordered 14 days ago by President Cyril Ramaphosa to suppress and contain the rapidly spreading Covid-19 pandemic.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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