In April-December TFG's Africa division showed resilience across all merchandise categories, with turnover rising 5.9% and same-store sales increasing 4.1%. In Australia, sales jumped 11.4%.
Turnover in Britain, however, declined 1.1% against the backdrop of a very subdued retail environment, characterized by Brexit uncertainty and accelerated restructuring of the department store model by owners and lenders.
Mr Price, which sells clothing, homewear and sportswear, reported a 3.5% rise in retail sales and other income to 7.4 billion rand ($512 million) for its third quarter, which ended on Dec. 28.
It said combined retail sales growth in the crucial November and December months was 4.7%. However, growth was capped by power cuts during key weeks in December and prolonged periods of torrential rain in inland areas of South Africa, partially diluting the anticipated impact of an extra week of school holidays, it said.
South African retail sales rose 2.6% year-on-year in November, as Black Friday discounts prompted people to go shopping, data showed on Wednesday. But analysts expect the December figure to reflect the reality of low consumer confidence and low spending, coupled with the impact of recent power cuts.
On Wednesday, clothing retailer Truworths International reported a small increase in half-year sales, reflecting constrained spending in South Africa and Britain despite a boost from the key November-December period.