South Africa’s best-performing clothing retailer still lost R240 million in value this year

• Mr Price's share price declined by 1.13% year to date, resulting in a decline of R240 million in market capitalisation since January.
• The local apparel retail sector faces a squeeze from both demand and margins, with household budgets remaining stretched and competition intensifying from international players.
• Analysts and investors cut their forecasts for next year's earnings due to downward revision of forward earnings expectations, leading to de-rated valuations across the sector.