Truworths
 | |
| Company type | Public |
|---|---|
| JSE: TRU | |
| ISIN | ZAE000028296 |
| Industry | Clothing Footwear |
| Founded | 1917 |
| Headquarters | , |
Number of locations | 888 (2017)[1] |
Area served | Southern Africa United Kingdom Republic of Ireland |
Key people | Michael Mark (CEO) Hilton Saven (Chairman)[2] |
| Revenue |  R21 billion (2024)[1] |
| R4.5 billion (2024)[1] | |
Number of employees | 11,698[2] |
| Subsidiaries | Office Holdings |
Truworths (officially Truworths International Ltd) is a South African clothing and footwear retailer.
Founded in 1917, and based in Cape Town, Truworths operates a total of 888 stores, 763 of which are in South Africa, 88 in the United Kingdom and the Republic of Ireland, and the rest elsewhere in Southern Africa.[1]
History
[edit]In 1917, The Alliance Trading Company was established, later changing its name to Truworths Fashion House, and then Truworths Ltd in 1940.[1]
By the 1950s, the retailer had expanded to over 80 stores. Credit accounts for customers began being offered in 1955, and sales reached R1 million in 1959.[1]
By the late 1970s, Truworths had a total of 280 stores across South Africa.[1]
In December 2015, Truworths acquired the UK shoe chain Office Holdings for £256 million.[3]
Operations
[edit]Truworths sells clothing and footwear in physical stores and online, and retails under a number of different brands, including Truworths, Truworths MAN, LTD, LTD Kids, Daniel Hetcher, UZZI, OFFICE London, Earth Addict, Earth Child, naartjie, Offspring, Identity, and Context.[1]
In 2024, 54% of Truworths' revenue was generated by cash sales, with the remaining 48% coming from credit (store account) sales. In the same year, its active account holder total was 2.9 million. Also in 2024, 82% of Truworths sales were from physical stoes, while 18% were from online purchases.[1]
References
[edit]- ^ a b c d e f g h i "About Truworths International". Truworths International Ltd. Retrieved 11 May 2025.
- ^ a b "Truworths Annual Financial Statements 2016" (PDF). Truworths. 2016-08-18. Retrieved 2017-02-05.
- ^ Farrell, Sean; Butler, Sarah (24 March 2016). "Whistles bought by South Africa's Foschini Group | Business | The Guardian". The Guardian. theguardian.com. Retrieved 2016-03-24.