FURNITURE retailer Lewis says it plans to expand its existing 582 stores to 700, as it focuses on smaller-format stores to boost margins. The owner of the Lewis and the Best Home & Electric brands planned to build on the 40 stores it opened in the year to March — almost half of which were…
JOHANNESBURG (Reuters) – South African furniture retailer Lewis plans to increase store numbers by a fifth in the next two to three years in a bet on recovery in Africa’s top economy. But CEO John Elsin told Reuters expansion into fast-growing sub-Saharan Africa was on hold, highlighting the difficulty for credit retailers in areas with…
Johannesburg – Furniture retailer Lewis Group [JSE:LEW] reported a forecast-beating 20.6% rise in full-year profit, helped by a decline in debtor costs as consumer spending slowly recovers. Lewis, whose stores of the same name caters for the low end of the furniture market, said on Monday diluted headline earnings per share (EPS) totalled 772.2c in…
