TV Sales & Home first quarter volumes up 48 percent


Harare(New Ziana -Furniture and appliances supplier TV Sales & Home reported a 48 percent increase in volumes for the first quarter ended 30 September 2020 which led to significant growth in turnover, its parent company said.

The business was holding reasonably good stock balances from the F2020 and it was able to supply the market to meet demand.

Parent company Axia Corporation said: “The business has reviewed its credit sales offering and has just launched an enhanced credit product just in time for the Black Friday and festive season promotions.”

Also the business opened its 50th store in Mutare during the month of October and this is the biggest store by area.

Axia Corp volume performance against the final quarter of F2020 has been very high as retail businesses only traded for 8 weeks of the 13-week final quarter of F2020.

“The gradual easing of lock-down restrictions has improved people movement and business trading hours resulting, to some extent, in a general upswing in recent volumes,” it said.

New Ziana

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