Lewis is South Africa’s largest furniture brand and contributes 76.5% of the group’s merchandise sales. Stores sell a range of household furniture, electrical appliances and home electronics to customers in the LSM 4 to 7 target market.
Best Home and Electric is a retailer of electrical appliances, sound and vision equipment and selected furniture lines. The chain offers branded merchandise to its targeted customers in the LSM 4 to 7 group.
Beares focuses on offering exclusive and innovative ranging of aspirational furniture. While aimed at a higher earning target market than Lewis, Beares applies the Lewis business model and utilises the group’s well-established credit infrastructure.
The retail chains are supported by Monarch Insurance, the group’s short-term insurer, which offers a range of optional short-term insurance products to customers purchasing merchandise on credit. Insurance cover is offered for the settlement of customers’ outstanding debt in the event of death, permanent disability, retrenchment and the replacement of goods as a result of accidental loss, such as fire, theft or natural disaster.