Formal retailers like OK Zimbabwe, TM Pick n Pay, Edgars and Truworths have been struggling to compete against the rise of informal retailers. As a result, their market caps have dropped significantly. What does that mean, and does this present an opportunity for a courageous investor?
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What about the economy? To what extent did it affect the financial stability of these retailers.
That is always a factor. However, even relative to the economy formal retailers have struggled. In other words it was more than just that.