date:Aug 21, 2013
ered one of the most important economic relationships to understand and track, he says.
Retailers that are heavily reliant on credit, such as Lewis Group, Foschini and Truworths, have also noted the challenging trading conditions.
Upmarket player Woolworths, which reports its year-end results on August 27, has been relatively unscathed.
Full-year total sales at the group rose 23%, compared with 11.8% growth in the previous financial year. Woolies expects to report earnings per share for the 5