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This report covers the integrated financial and non-financial performance of Truworths International and its subsidiaries (the Group) for the 52-week period ended 28 June 2015.
Our Integrated Report for the 2015 reporting period aims to demonstrate, in a balanced manner, how the material issues in relation to our business model, strategy, risks, governance, financial and non-financial performance can lead to the creation of value in the short, medium and longer term.
Commitment to Integrated Reporting >> Read full report
During the reporting period South Africa's economy faced increasing headwinds as power outages, social unrest, currency depreciation, rising interest rates and unemployment all contributed to consumer confidence falling to its lowest level in more than a decade.Read more
Against the background of another year of low economic growth in South Africa and subdued consumer spending, the Group posted a resilient performance as the early signs emerged of a turn-around in the credit environment.Read more
Truworths targets the mass mainstream middle income consumer market, and uses credit as an enabler of sales of quality fashion, at medium to premium prices, to its customers. We communicate regularly with almost 13 million people in this market, and 3.2 million are account customers, of which 2.7 million are active.Read more
2015 was a reporting period of two distinct halves with the Group delivering a stronger performance in the second half as the credit environment in South Africa showed early signs of recovery.Read more