South Africa’s leading beauty, health and lifestyle retailer Clicks yesterday dimmed its earnings forecast as sales in the last seven weeks of the financial year ended August 2021 were significantly impacted by the civil unrest in KwaZulu-Natal (KZN).


Clicks said 52 Clicks stores and one branch of The Body Shop store were looted and vandalised, representing 6 percent of the group’s store base during the mayhem in parts of Gauteng and KZN in July, costing the company R726 million.


“In addition to the store closures due to damages and the temporary store closures at the peak of the violence, trading in the affected areas remains well below the levels of the previous year and this is expected to continue in the short term,” said the group.
Clicks said out of the total R726m South African Special Risks Insurance Association (Sasria) claim owing to the violent protests, Sasria had made its first interim insurance payment of R217m.


Editor@tech-talk.co.za

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