The JSE’s general retailers index has had its worst year in almost two decades, encapsulating what has been an annus horribilis for the sector as it battles a depressed consumer environment.

Analysts say the outlook is unlikely to change until momentum in the wider economy – hobbled by poor growth and widespread joblessness – improves and consumer spending power recovers.

The aftermath of ill-fated international expansion efforts is also weighing on a number of shares, with the likes of Woolworths, Truworths International and Shoprite all working hard to regroup...