Supermarkets now dump sites for ZiG?
Meikles reported that revenue in foreign currency was below 20% of total sales and blamed the uneven enforcement of the exchange rate policy for this.
By Rufaro Hozheri
Jun. 21, 2024
Customer profiling to drive Meikles’ sales growth
In its review of Meikles’ financial results for the year ended February 29, 2024, FBC Securities emphasised the importance of effective customer profiling in driving sales growth for the company.
By Melody Chikono
Jun. 19, 2024
Meikles posts 430% PAT uptick, as firm becomes retailer
This was owing to increases in inventories, cash and bank balances and other financial assets.
By Tatira Zwinoira
Jun. 17, 2024
Meikles flags in-store exchange rate policy
Room occupancy grew by five percentage points to 42% for the quarter from 37% achieved last year.
By Mthandazo Nyoni
Jan. 24, 2024
Cash-rich Meikles retail expansion on track
The company’s ability to compete with the smaller informal players, especially in the dry groceries sector is also limited by the restrictions by authorities especially relating to exchange rate.
By Rufaro Hozheri
Jul. 28, 2023
Meikles profit after tax falls to $3bn
Meikles noted that pricing, salary reviews, low margin units, utility costs and declining disposable incomes weighed down the company’s profit margins.
By Tatira Zwinoira
Jul. 24, 2023
Tea with business alchemist Carol White
“The business playing field has definitely changed since the onset of Covid three years ago.”
By Staff Reporter
Feb. 24, 2023
Meikles seeks nod for LSE delisting
The proposal will be among key issues to be discussed during the firm’s annual general meeting (AGM) next month.
By Kudzai Kuwaza
Nov. 15, 2022
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Chivayo suffers huge Starlink blow…Scandals cost ‘motor mouth’
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By Donald Nyandoro and Nqobani Ndlovu
Sep. 8, 2024
