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TRUWORTHS

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Truworths International. JSE: TRU

Truworths shares

Background of Truworths

  • Truworths International is an investment holding company comprising fashion retail companies cumulatively forming one of the leading fashion retailers in South Africa, with over 730 stores across the country and around 50 stores in other African countries. Truworths’s history can be traced back to 1917 with the formation of the Alliance Trading Company. The company has since grown quickly through organic growth and moves to buy other businesses.

  • Today, the group’s retail chains include Truworths, Truworths Man, Identity, Earthaddict, Uzzi and YDE, along with specialised children’s clothing stores Earthchild and Naartjie. The Truworths Distribution Centre ensures that merchandise received from manufacturers is efficiently distributed to all stores for sale. Operations in South Africa and Africa are carried out through subsidiaries Truworths Limited. In December 2015, the group successfully followed through on a move to buy UK-based youth footwear retailer Office Holdings for a purchase price of R5.5 billion.

  • Truworths shares are dual-listed on the Johannesburg Stock Exchange (JSE) and the Namibian Stock Exchange. The group has a JSE market cap of R34 billion.

Truworths Shares Growth Driver

  • Truworths has managed to deliver total shareholder return of 24% per annum since listing on the JSE, with capital worth R8.8 billion being returned in the form of dividends and share buy backs. The business seeks to create value by targeting the middle-income consumer market in South Africa, and continually diversifying of its portfolio.

  • In addition to rapidly expanding its local asset base, the decision to buy Office Holdings was a major move, comprising 159 stores and contributing to Truworths strategy of international diversification. In addition to this acquisition, more than R1.8 billion capital expenditure has been invested over the past five years, mainly in enhancing the store portfolio, improving the supply chain and upgrading IT systems for better efficiency. The group has also focused on integrating newly-acquired brands such as Earthchild, Earthaddict and Naartjie. Trading space for the year increased by 8.9% following the various acquisitions.

  • The group’s latest financial results, covering 2016, illustrated the challenging market conditions locally and abroad. Performance was dampened by new credit regulations, pressure on consumer spending and Rand volatility. In the UK, trade conditions were challenging due to an economic slowdown and uncertainty following the Brexit vote. Despite these challenges, Truworths managed to increase merchandise sales and record headline earnings of R2.8 billion, compared to R2.4 billion in 2015.

  • R547 million of capital expenditure has been earmarked for 2017, which will go towards opening new stores, expanding and refurbishing existing stores, improving
    distribution facilities and information systems, enhancing live online sales and investing in land and buildings.

Truworths Group Investor Tip

  • Truworth share price has been dampened by tough trading conditions, but the group’s expansion drive both locally and abroad has been successful. When economies improve and consumer demand increases, the forecast supports solid growth in the future. Truworths shares continue to be one of the JSE’s solid (if not exceptionally high-yielding) fashion stocks to buy.

Truworths Major Shareholders

Public Investment Corporation, Aberdeen Asset Managers, Westwood Global Investments

  • Sector

    Retailers

  • Industry

    Retail
  • Sub industry

    Soft Goods

How to buy Truworths Group Shares

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Frequently Asked Questions

 

 

What is Truworths?

An investment holding company that consists of fashion retail companies and one of South Africa’s leading fashion retailers with more than 730 stores in the company and 50 across Africa.

 

 Can you buy Truworths shares online?

The website of SA Shares makes it easy for you to buy JSE listed shares online.

 

Is Truworths a good share to buy?

Truworths has proven itself to be one of the JSE’s solid fashion stocks to buy.

 

When did Truworths list on the JSE?

May 1998.

 

When was Truworths founded?

1917

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