Business Day
Stefan Salzer, partner and MD at the Boston Consulting Group, said South Africa was an extremely price-driven market, which had forced retailers that were are not traditional discount retailers to offer lower prices. This had resulted in a price war.
About two years ago, the House of Busby had about 300 stand-alone and concession stores, but the retailer hit the pause button on expanding when it picked up signs of a crisis in the retail sector.
