Truworths CEO Michael Mark explains why GNU mood hasn’t reached Main St - yet
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The Truworths share price dropped sharply after a business update disclosed sales in the fashion retailer’s 802 South African stores were flat for the four months to end October. CEO Michael Mark, in the Truworths hot seat for some 36 years, shares insights on where we are in the retailing cycle, providing context on the GNU-promised recovery after a decade of intense challenges for the sector. He spoke to BizNews editor Alec Hogg.
