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Truworths International Ltd (TRUJ.J)

TRUJ.J on Johannesburg Stock Exchange

6,913.00ZAc
19 Jul 2019
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Latest Key Developments (Source: Significant Developments)

Truworths Says UK Unit Office In Talks With Lenders For Debt Restructuring
Tuesday, 2 Jul 2019 

July 2 (Reuters) - Truworths International Ltd ::NOTES MEDIA REPORT STATING THAT GROUP'S UK SUBSIDIARY HAS APPOINTED ADVISORS TO CONSIDER RESTRUCTURING OPTIONS.OFFICE HAS CIRCA £45 MILLION OF DEBT WHICH IS DUE TO BE REPAID.OFFICE HAS ENTERED INTO DISCUSSIONS WITH RELEVANT LENDERS REGARDING POTENTIAL DEBT RESTRUCTURING OPTIONS.OFFICE HOLDINGS AND LENDERS APPOINTED ALVAREZ & MARSAL EUROPE LLP AND DELOITTE LLP, RESPECTIVELY, AS PROFESSIONAL ADVISORS.EXPECTED THAT UK AND OFFICE HOLDINGS WILL CONTINUE TO EXPERIENCE DIFFICULT TRADING ENVIRONMENT IN MEDIUM TERM.TALKS WITH LENDERS AND ANY RESULTANT DEBT RESTRUCTURING WILL NOT HAVE A MATERIAL IMPACT ON GROUP'S OPERATIONS IN SOUTH AFRICA AND AFRICA.  Full Article

Truworths International Says Retail Sales For 26-Week Period Increased By 2.0% To R10.5 Bln
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - Truworths International Ltd ::RETAIL SALES FOR 26-WEEK PERIOD INCREASED BY 2.0% TO R10.5 BILLION.26-WEEK LIKE-FOR-LIKE STORE RETAIL SALES REMAINED UNCHANGED RELATIVE TO PRIOR PERIOD.HEPS ESTIMATED TO DECREASE BY BETWEEN 5% AND 7% TO BETWEEN 352.7 CENTS AND 360.3 CENTS FOR 26-WEEK PERIOD.GROUP CONTINUED TO EXPERIENCE DIFFICULT TRADING CONDITIONS IN BOTH ITS MAIN MARKETS FOR 26-WEEK PERIOD.26-WK TRADING SPACE IN TRUWORTHS AFRICA UP BY 1.0% ON PRIOR PERIOD, SEEN UP BY ABOUT 2% FOR FULL 2019 FINANCIAL PERIOD.  Full Article

Truworths International Says Group Retail Sales Down 2.7 Pct For 52-Weeks Ended July 1
Friday, 20 Jul 2018 

July 20 (Reuters) - Truworths International Ltd ::GROUP RETAIL SALES FOR 52-WEEK PERIOD ENDED 1 JULY 2018 WERE UNCHANGED COMPARED TO PRO FORMA COMPARABLE 52-WEEK PRIOR PERIOD.RELATIVE TO 53-WEEK PRIOR PERIOD DILUTED HEPS OF 661 CENTS, DILUTED HEPS ARE EXPECTED TO DECREASE BETWEEN 7% AND 9%.GROUP RETAIL SALES DECREASED BY 2.7% FROM R18.5 BILLION TO R18.0 BILLION FOR 52-WEEK PERIOD ENDED 1 JULY 2018.GROUP'S DILUTED HEPS FOR 52 WEEKS ENDED JULY 1 EXPECTED TO DECREASE BY BETWEEN 1% AND 3%, TO BETWEEN 601 CENTS AND 615 CENTS.  Full Article

Truworths International says Roddy Sparks has assumed position as chairman​
Friday, 10 Nov 2017 

Nov 10 (Reuters) - Truworths International Ltd :RODDY SPARKS, AN INDEPENDENT NON-EXECUTIVE DIRECTOR OF COMPANY, HAS ASSUMED POSITION AS CHAIRMAN​.  Full Article

Truworths ‍says 17-weeks retail sales falls 3 pct
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - TRUWORTHS INTERNATIONAL LTD ::‍RETAIL SALES FOR FIRST 17 TRADING WEEKS OF 2018 FINANCIAL PERIOD FELL 3 PCT TO R5.5 BILLION.‍"TRADING ENVIRONMENT IS EXPECTED TO REMAIN CHALLENGING​".PERCENT OF ACTIVE ACCOUNT HOLDERS ABLE TO PURCHASE IMPROVED TO 85 PCT IN PERIOD FROM JULY 3 TO OCT 29 COMPARED TO 83 PCT IN PRIOR PERIOD​.FOR 3 JULY 2017 TO 29 OCT 2017 ‍GROUP'S TRADE RECEIVABLES BOOK DECREASED 4 PCT RELATIVE TO PRIOR PERIOD-END TO R5.6 BILLION​.  Full Article

Truworths International says FY HEPS declined marginally by 0.8%
Thursday, 17 Aug 2017 

Aug 17 (Reuters) - Truworths International Ltd ::‍GROUP RETAIL SALES FOR 53-WEEK PERIOD ENDED 2 JULY 2017 INCREASED BY 8.6% (6.1% ON A PRO FORMA 52-WEEK BASIS*) TO R18.5 BILLION​.FY HEADLINE EARNINGS PER SHARE (HEPS) AND DILUTED HEPS DECLINED MARGINALLY BY 0.8% TO 662.0 CENTS AND 660.9 CENTS RESPECTIVELY.FINAL CASH DIVIDEND OF 182 CENTS PER SHARE HAS BEEN DECLARED.PRODUCT INFLATION FOR TRUWORTHS IS EXPECTED TO BE LOW TO NEGATIVE AND FOR OFFICE APPROXIMATELY 3% TO 4% IN 2018 FINANCIAL PERIOD.RETAIL SALES FOR SOUTH AFRICA FOR FIRST SIX WEEKS OF 2018 FINANCIAL PERIOD ARE 8.8% DOWN COMPARED TO FIRST SIX WEEKS OF 2017.TRADING SPACE IS EXPECTED TO GROW BY APPROXIMATELY 5% (TRUWORTHS 5% AND OFFICE 2%).‍CAPITAL EXPENDITURE OF R636 MILLION (TRUWORTHS R493 MILLION AND OFFICE R143 MILLION) HAS BEEN COMMITTED FOR 2018 FINANCIAL PERIOD​.UK OFFICE'S RETAIL SALES FOR FIRST SIX WEEKS OF 2018 FINANCIAL PERIOD ARE 1.0% DOWN.  Full Article

S.Africa's Truworths in talks to restructure debt at British shoe chain Office

JOHANNESBURG, July 2 South African fashion retailer Truworths International Ltd said on Tuesday its British footwear chain Office has entered debt restructuring talks with its lenders amid tough trading conditions.