Mr. Price Goes To Australia!
Its Lovely to see African companies expanding to other continents, dont you agree.... South African clothing and home products . Price launched in Australia early June this year.
CEO Stuart Bird made the announcement on Tuesday with the release of the group’s financial results for the year to March, in which it bucked SA’s retail sector gloom. The group’s headline earnings per share rose 21% and its dividends per share climbed 20.3% in the period.The company’s share price rose 2.39% on Tuesday to close at R235.49.“We have been focused on identifying new markets for expansion of our Mr Price and Mr Price Home chains. Based on online testing and detailed desktop and on-the-ground research, we believe there is an opportunity for a fashion value retailer in Australia,” Mr Bird said.“Our plans there will commence with Mr Price opening test stores this year in time for festive season trade,” he said.