×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download App

Truworths to close up to 15 loss-making UK Office shoe stores

Pedestrians walk past a branch of South African clothing retailer Truworths, in central Cape Town, February 18, 2016. REUTERS/Mike Hutchings

South Africa’s Truworths International Ltd will close up to 15 of its loss-making Office stores in the UK, its CEO said on Friday, with an overhaul of the remainder of the shoe retailer expected to boost sales and profits.

Office is battling tough conditions in Britain due to uncertainty over Brexit and muted consumer sentiment, combined with pressures on store-based retailers as shoppers move online.

Get Full Access for Ksh299/Week.
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in

Related Topics

Truworth