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| Filename | 2022-11-Lewis-Report.pdf |
| Filesize | 235.96 KB |
| Version | paid report |
| Date added | November 18, 2022 |
| Category | Corporates, Credit Rating Reports |
| Tags | South Africa |
Lewis Group Limited (“Lewis” or “the group”) is one of South Africa’s leading household furniture and electrical appliance retailers. The group houses several brand stores including Lewis, Beares, Best Home & Electric (“BH&E”) and UFO, offering its customers both cash and credit sale platforms. Listed on the JSE since 2004, Lewis predominantly operates in South Africa, with a small presence in neighbouring countries. Merchandise sales are supplemented by other forms of income, including credit protection offered through Monarch Insurance, the group’s insurance subsidiary. The group’s operating platform is categorized into two main segments:
1) Traditional: Incorporates the Lewis, BH&E, and Beares brand chains that are all largely credit-focused to drive sales in the low to middle income consumer segments.
2) Cash: Incorporates the United Furniture Outlets (“UFO”) business, a cash-based luxury furniture retailer catering to the higher income market (LSM 9–10+), which was acquired 1 February 2018.