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Podcast: WorldWide Markets with Simon Brown
Episode: It's all lies (#430)
Description: Simon Shares Trading updates from Truworths (JSE code: TRU) and Foschini (JSE code: TFG) both saw sales decrease for the period ending both saw sales down. But not down as much as expected and hence the stocks went wild. Truworths was up some 25% in two days. More than anything this is because expectations were dire. That said I'm not convinced, the lockdown was increased post the period end and as mentioned, sales and HEPS are expected to be down. We'll get more retail updates and over the following two weeks, with Pick n Pay the exception - they...