Mr Price shares drop

Comment on this story
Mr_Price Independent Newspapers Mr Price retail store. Photo supplied.

Shares in Mr Price fell more than 2 percent after the South African clothing retailer said quarterly sales grew by 10 percent, disappointing investors who may have been expecting a bigger rise.

Retailers have been the darling of investors for more than a year, in a rally that many analysts have said has pushed prices to levels from which they can only disappoint.

Mr Price fell 2.2 percent at 122.67 rand as of 16:52 SA time, lagging behind a slightly higher JSE Top-40 index. - Reuters

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.