Sales in Jet Mart gained momentum, rising by 68 percent, on the strength of improved flow and assortment of product. Jet Mart's gross profit margin rose to 24.5 percent from 20.1 percent. Stock turn has improved from 4.7 times to 5.2 times.
Leading South African company Edcon is offering clothing, footwear, accessories, books, stationery and products for the home. The company has a market capitalisation of R15,3 billion, the largest in the retail sector and is a constituent of the ALSI 40. The company's brands – Edgars, Jet, CNA, Boardmans, Jet Mart, Jet Shoes, Temptations, Red Square, Prato and Legit – are sold from 734 storefronts.
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