Lewis looking forward to strong festive season sales

JOHANNESBURG – Lewis Group said yesterday that it had set its sights on a strong sales performance during the festive period.

This after its profits for the six months ended September declined from R173million to R144m on the back of the lower- to middle-income market that came under spending pressure in the period.

Lewis chief executive Johan Enslin said the company’s credit sales continued to be restricted by the National Credit Regulator’s affordability assessment regulations. “Our core lower- to middle-income customer base continues to be impacted by increasing living costs, high unemployment and limited prospects in the current low-growth environment in the …read more