South African Clothing Retailers To Expand Africa'S Market
Woolworth, a famous South African food and clothing retailer, said recently that the company will vigorously develop the African market business outside South Africa, increasing sales and increasing the number of stores in these regions. Woolworths
Ian Moir, chief executive of the company
Express
While only 3% of the current turnover is from Africa outside South Africa, the company hopes to increase it to 10% in the next 3 years.
In addition, the company also plans to put it in by the end of 2014.
South Africa
The total number of shops in African countries has increased to 120? New stores will be located in Nigeria, Uganda, Mozambique and Angola.
Woolworth is headquartered in Cape Town, mainly selling food and beverage, clothing and caps.
Clothes & Accessories
And other household products? Since its listing on the Johannesburg stock exchange this year, the company's share price has increased by 52%.
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