Despite the challenge coming from international drop shipping retailers, Mr Price has being doing quite well.
Their in store sales grew by 4.6% in the last 3 months (in part due to three recent acquisitions and a growing market share).
While others have been scaling back they have even added 35 new stores, bringing their total to 2,935.
Online their sales are also on the rise (especially for Mr Price Apparel) meaning they are competing well with the likes of Temu and Shien and the government’s recent closing of import tax and VAT amounts on such imports will probably also be a factor in the months ahead.
It seems that even though they have been turning down people for credit they are still making sales and growing their market share.