Truworths
Cape Town,
South Africa
http://www.truworths.co.za
Manage this profile
11338 pageviews
Truworths, formerly known as the Alliance trading company opened its first store in 1917, Cape Town, South Africa. The name changed to Truworths Fashion House in the 1930s following another store opening in the 1950s which led to 50 more new stores. Today truworths has been on the JSE top 40 index for the 3rd consecutive year and it’s the 4th consecutive of inclusion of the JSE socially investment index sale of merchandise, which are up to 21%, operating margin are at 36.1%, gross margin 56.7 %, Headline earnings per share are up to 16 % as well as their annual dividend share are up to 24%. At truworths, employees are always challenged to think of new ways to do business; therefor they kept up to date with the forefront of the South African fashion industry. The mind, body and soul of Truworths lay in their employees, regardless the department you work in. Each carefully selected to make a success of the company. Truworths is a company that contains many aspects, features and qualities of the fashion industry; it offers a wide variety of career options within various departments.eg. Buyer, trainee buyer, planner, trainee planer, visual display, store designer, store OPS, marketing, promotions and credit, IT, HR, finance, locations and truworths distributions center.
Work for Truworths? Have your say!
(3)
Add a Review-
"my wonderful employer "
Added 20 Jul 2013 by a current employee
I'm a third year student busy doing my internship programme at Truworths. I would like to review my manager who has just been great from day one. I'm blessed with such a phenomenal employer who treats her staff with so much respect and tries her utmost best to ensure everyone is happy so that they can produce excellent results and enable the store to reach its targets. She's just been very helpful with this internship programme and I'm confident that I'm going to do well on my portfolio due to her wonderful soul.Thank you so much for giving me this opportunity to express my view. South Africa needs more leaders (bosses) like her. God bless my employer.
-
"my wonderful employer "
Added 20 Jul 2013 by a current employee
Hi,I'm a 3rd year student busy doing my internship programme at truworths.I would like to review my manager who has just been great from day one.I'm blessed with such a phenominal employer who treats her staff with so much respect and tries her utmost best to ensure evryone is happy so that they can produce excellent results nd enable the store to reach it's targets.She's just been very helpful with this internship programme and I'm confident that I'm going to do well on my portfolio due to her wonderful soul.Thank u so much for givng me this opprtunity to express my view.South Africa needs more leaders(bosses)like her!! God bless my employer...
-
"The Dark Side"
Added 18 Jul 2013 by a current employee
Truworths was an interesting place to work at. It's full of young, vibrant and energetic people and it performs well due to having very high merchandise standards. That said, the HR and management practices are unethical. Not only do they tie employees in with extensive notice periods (sometimes up to a year), but they compound this by having restraints of trade that prevent an employee who wishes to leave from working for any other retailer or supplier - effectively nullifying the possibility of leaving the company unless you wish to either go abroad or spend a year unemployed. The financial remuneration to offset this commitment is the most ridiculous - with 'share options' that you can not keep if you decide to leave and which only accrue to the individual in 20% fragments. This means that you only see this remuneration in full five years after you receive it, and it is still tied to the share price. Effectively, your restraint period isn't remunerated. When this has been legally challenged, as it has by a number of my colleagues, Truworths has reacted by using their considerable financial clout to cripple any challenge, to prevent it from actually reaching a court and being dissected - because they know that it's unethical. Quite simply, once you work for them, it's almost impossible to stop working for them. There are a lot of very unhappy people who have been there for years and can see no escape, given their familial commitments. This is how they treat employees - I can verify that they treat their suppliers with even more disdain. When they wish to get out of a product that they have ordered (which is a weekly directive), they react with severity, often cancelling thousands of units of a product on a technicality. I know this, because this is what I was paid to do, in part, in my role as a planner. Truworths really is entirely beholden to the man in the corner office - Mr Michael Mark, a Machiavellian thinker of the highest order, and a man for whom preserving seasonal fashion secrets paramount. My advice to anyone considering working for them is to look elsewhere or go into it knowing that you're likely going to be there for a very long time.
Best companies to work for in the Retail sector.
Truworths
