South African retailer Mr Price Group Ltd reported a much slower sales growth for the third quarter, as financially constrained consumers spent less on clothes during the crucial months of November and December.
Supermarket retailer Casino, which is battling investor concerns over its high debt, said revenue growth slowed down slightly in the fourth quarter as anti-government protests in France impacted sales.
Fossil Group said on Thursday it would sell its intellectual property related to a smartwatch technology currently under development to Google for $40 million, sending the watchmaker’s shares up as much as 11 percent.
The global sportswear brand and the New York-based cosmetics label have taken the athleisure trend to new heights with a collaborative high-performance makeup collection designed for women with active lifestyles.
Shares in Woolworths fell more than 8% on Thursday after the South African department store operator posted slower half-year sales growth and said it expected its headline earnings to drop by 5% in the period