Truworths International Limited (Incorporated in the Republic of South Africa) (Registration number: 1944/017491/06)
JSE Code: TRU
NSX Code: TRW
ISIN: ZAE000028296
LEI: 37890099AFD770037522 (the ‘Group’)
BUSINESS UPDATE FOR THE 53-WEEK PERIOD ENDED 3 JULY 2022
The 53-week period ended 3 July 2022 (the ‘current period’) presented various challenges for the Group in both of its main markets, South Africa and the United Kingdom. Although waves of the Covid-19 pandemic were less severe than those experienced in the 52-week period ended 27 June 2021 (the ‘prior period’), the pandemic caused wide-scale global supply chain disruption in the form of port congestion, container shortages and significantly increased freight costs. The global economy was and continues to be hit hard by the invasion of Ukraine by Russia in February 2022, resulting in further supply chain disruption, higher energy prices,…
