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Zimbabwe: Lifestyle Holdings introduce TN Virtual Mart
14/05/2013 - 08:46
Diversified company Lifestyle Holdings has introduced a TN Virtual Mart — where it will deliver groceries to its clientele’s doorstep, as competition in the country’s retail sector intensifies.
Botswana: Choppies supermarket moves to acquire competitor, SupaSave
03/05/2013 - 09:52
Local Botswana retail chain, Choppies, has moved to wholly acquire one of its competitors, SupaSave, the Competition Authority (CA) revealed on Wednesday.
Local P&G plant seen as vote of certainty
18/03/2013 - 10:11
International consumer goods manufacturer Procter & Gamble (P&G), which plans to build a state-of-the-art R1.6 billion manufacturing plant in Gauteng, is positioning itself to capture growth in Africa as the slowdown in developed markets continues.
The tech store of the future is here
28/01/2013 - 09:13
The store of the future has arrived and it is threatening to leave technology laggards behind.
Broll achieves R326 million sales for shopping centres
24/01/2013 - 10:02
Eleven properties previously owned by SA Corporate Real Estate Fund were snapped up by Fairvest Property Holdings Ltd for R326 million, revealing a welcome return of investor appetite for shopping centres within lower living standards measure (LSM) areas.
Musica hit by store closures
24/01/2013 - 09:47
Clicks Group says that its music and entertainment retailer, Musica, has been impacted by the closure of several stores.
Nambia: Construction starts on the Old Mutual Keetmanshoop Retail Centre
18/01/2013 - 09:34
His Excellency, President Hifikepunye Pohamba, on 26 October 2012 laid the foundation for the N$92 million Keetmanshoop Retail Centre, which is being developed by financial services giant Old Mutual.
November retail sales quicken to 3.4%
17/01/2013 - 07:59
Johannesburg - Growth in South Africa's retail sales quickened to 3.4% year-on-year in November compared with a revised 0.9% expansion in October, Statistics South Africa said on Wednesday.
Tesco set to sell or close all Fresh & Easy stores
07/12/2012 - 08:43
London -- Tesco CEO Philip Clarke announced Wednesday that the British supermarket retailer will likely sell or close its entire U.S. presence, which means that 199 Fresh & Easy stores could be shuttered or sold off.
Burundi coffee revenues fall 29%
21/11/2012 - 08:26
Bujumbura - Burundi's coffee revenues fell 29% in October from the month before, tracking lower international prices, the country's industry regulator said on Tuesday.
Sony suffers Moody’s cut
12/11/2012 - 08:41
Sony Corp‘s long-term debt rating was lowered one notch by Moody’s Investor Service to the lowest investment grade level because of shrinking demand for its consumer electronics.
SACSC Appoints Marius Muller as new President
06/11/2012 - 08:17
With his enthusiasm for retail, immense experience and keen collaborative values, Marius Muller has been elected and appointed President of the South African Council of Shopping Centres (SACSC).
Oil up on China non-manufacturing data
05/11/2012 - 08:14
Singapore - Crude prices rose in Asia on Monday with a pick-up in China's services industry providing support ahead of Beijing's leadership transition and the US presidential election, analysts said.
Inflation blow to India rate cut hopes
16/10/2012 - 08:00
New Delhi - India's inflation accelerated to a 10-month high, hitting 7.81% in September, data on Monday showed, diminishing chances of an interest rate cut to jumpstart a sharply weaker economy.
No success in trucker pay talks
10/10/2012 - 09:24
Johannesburg - Negotiations to end a two-week labour dispute between most truckers and employers ended without an agreement on Tuesday.
SA in for tough ride
05/10/2012 - 07:41
Cape Town - South Africans can expect a tough two years ahead as the economy feels the pinch of strikes, analysts said on Thursday.
RMB Ventures invests in Studio 88 Group
03/10/2012 - 10:21
Johannesburg - RMB Ventures‚ a private equity investor and subsidiary of FirstRand Limited [JSE:FSR]‚ has purchased a significant minority interest in The Studio 88 Group‚ one of Southern Africa’s largest independent footwear and apparel retail chains.
EDCON Store card sale to Absa approved
25/09/2012 - 08:25
The Competition Tribunal had approved the sale of Edcon’s private label store card portfolio in South Africa to Absa, as well as the long-term strategic relationship agreement with Absa, said on Friday.
South African consumers still upbeat
20/09/2012 - 08:18
Cape Town - South African consumers are maintaining an upbeat attitude, according to an index which shows consumer confidence has kept a positive year-on-year outlook.
Scan & Go puts retail self-checkout on the move
19/09/2012 - 08:21
Last week in Rogers, Ark., Walmart began testing an iPhone application that could potentially expedite and streamline the self-checkout process. The "Scan & Go" app allows shoppers to do just that — scan their items while they shop and bag them as they go. Once they have finished, shoppers take their cart full of merchandise to a self-checkout kiosk and complete their purchase through traditional payment methods.
Walgreen Shares Decline After Sales Trail Estimate
07/09/2012 - 08:32
Walgreen Co. (WAG) fell the most in more than a month after posting fiscal fourth-quarter revenue that trailed analysts’ estimates as the lack of Express Scripts Inc. customers hurt pharmacy sales.
Revlon to cut 250 jobs
06/09/2012 - 08:40
New York - Makeup company Revlon Inc. said it is cutting 250 jobs, or about 5% of its workforce, and is closing two plants in a broad restructuring as it seeks to cut costs.
L'Oreal shares drop as results disappoint
30/08/2012 - 08:19
Paris - Shares in L'Oreal, the world's leading cosmetics company, fell sharply in midday trading on Wednesday, a day after it released first-half results that disappointed investors.
MillerCoors Q2 net income up 9% to $436m
08/08/2012 - 09:30
Johannesburg – SABMiller [JSE:SAB] and Molson Coors Brewing have reported MillerCoors’ second quarter underlying net income rose 9.1% to $436m versus prior year‚ driven by positive pricing‚ favourable brand mix and cost management.
Samsung lifted by Galaxy sales
27/07/2012 - 08:01
Seoul - Samsung Electronics said its second quarter profit rose 48 percent over a year earlier as customers flocked to get Galaxy smartphones in the absence of competitors.
Asia Pacific Breweries Surges on Heineken Bid
23/07/2012 - 08:20
Asia Pacific Breweries Ltd. (APB) surged to a record in Singapore trading after Heineken NV (HEIA), the world’s third-biggest brewer, offered as much as $6 billion for full control of the maker of Tiger beer.
Banks in $7.25bn retail settlement
16/07/2012 - 08:13
Visa Inc, MasterCard Inc and banks that issue their credit cards have agreed to a $7.25 billion settlement with U.S. retailers in a lawsuit over the fixing of credit and debit card fees in what could be the largest antitrust settlement in U.S. history.
Retail ‘needs BEE charter’
12/07/2012 - 08:57
The Government must introduce a broad-based black economic empowerment (BEE) charter for retailers to ensure they were fully compliant with BEE codes of practice, empowerment experts said yesterday.
Davies warns of stricter BEE codes
11/07/2012 - 08:38
Johannesburg - Trade and Industry Minister Rob Davies warned on Tuesday that black economic empowerment points would be deducted from businesses which did not invest in enterprise, supplier, and skills development.
AB InBev buys out Corona maker Modelo for $20 billion
10/07/2012 - 08:42
Brussels--Anheuser Busch InBev, the world's biggest brewer, is taking over Mexico's Grupo Modelo for $20.1 billion, giving it dominance in Latin America's second-largest economy and adding Corona, the top-selling imported beer in the United States, to its brands.
Massmart full-year sales top R61bn
05/07/2012 - 09:50
Johannesburg - South African discount retailer Massmart Holdings [JSE:MSM] reported a 16% rise in full-year sales on Wednesday, a touch above analysts' estimates, boosted by the inclusion recently acquired stores.
Best Buy Founder Richard Schulze Said to Consider Buyout
27/06/2012 - 14:03
Best Buy Co. (BBY) founder Richard Schulze is exploring taking the world’s largest electronics retailer private as he considers options that include selling his stake, according to a person familiar with the matter.
SA retailers ‘pushing for global stamp of approval’ for fish they sell
26/06/2012 - 08:50
SA’s supermarket chains were becoming increasingly aware of the importance of maintaining the health of SA’s, and the world’s, fish stocks and would soon demand Marine Stewardship Council (MSC) accreditation for the fish products they sold, the World Wide Fund for Nature SA (WWF SA) said yesterday.
Best Buy chairman, founder resigns
11/06/2012 - 09:06
More tumult at troubled retail giant Best Buy: Richard Schulze, who founded the company and has served as its director for nearly four decades, has resigned.
PnP Picks Goscor At Phillipi's DC
11/06/2012 - 08:55
Pick n Pay has made another large purchase of warehouse equipment from Goscor Lift Truck Company. This brings the total to more than 500 Crown electric material handling machines bought by the retailer from Goscor.
Share of the week: Foschini
11/06/2012 - 08:36
South Africa's second-largest clothing retailer, the Foschini group, lifted retail turnover by 17% and headline earnings a share by 23.6% in the year to March.
Woolworths ‘top’ among listed firms
10/05/2012 - 10:09
SA’s top companies have experienced a battering in their reputations this year, a survey showed, but clothing and food retailer Woolworths emerged with the most robust reputation score, despite a controversy involving the alleged misuse of the intellectual property of a small ginger beer maker earlier in the year.
US grains drop
08/05/2012 - 08:01
US grain futures dropped on Monday as investors fled riskier assets, after Greek and French polls stoked doubts that struggling euro zone economies could continue to pursue austerity measures crucial to resolving the bloc's debt crisis.
Walmart down on bribery allegations
24/04/2012 - 07:51
Walmart Stores shares were down 3.1% in early premarket trading on Monday following an article in the New York Times this weekend alleging that the world’s largest retailer stymied an internal probe into bribery at its Mexican affiliate, Walmart de Mexico.
Clothing sector suffers fewer job losses
23/04/2012 - 10:43
Johannesburg - There has been a significant decrease in the number of jobs lost in the clothing, textile and leather sectors, the SA Clothing and Textile Workers' Union (Sactwu) said on Friday.
US: Grocer launching mobile, digital couponing system
11/04/2012 - 08:24
After a one-year pilot study of Savvy Penny, an in-store digital coupon system that uses Bluetooth technology to offer value and savings to consumers, Milam's Market in Coral Gables, Fla., is rolling out the loyalty solution that delivers two-way interactive promotions directly to the consumer at the point of sale through touchscreens on the store shelf, according to a company press release.
SA maize deficit looms on Mexico exports
26/03/2012 - 08:26
Johannesburg/Hamburg - South Africa has committed an additional 400 000 tonnes of maize exports to drought-stricken Mexico, a scenario that will likely push Africa’s largest corn producer into a deficit situation this marketing season and propel domestic food prices higher.
Grain SA wants to address government
12/03/2012 - 07:36
Bothaville - South Africa’s grain farmers can certainly produce sufficient food for the country. On the other hand, political rhetoric and generalisations about the agricultural sector must end.
Walmart decision is due today
09/03/2012 - 08:50
Johannesburg - The Competition Appeal Court will release its judgment today on the review of the Walmart-Massmart merger.
M&S and Sainsbury's buck consumers' indifference to brands
05/03/2012 - 08:53
Only 5% of British people would care if brands did not exist, according to research by Havas and MPG that placed Marks & Spencer and Sainsbury's in the world's top 10 "meaningful" retail brands.
Atterbury develops flagship ‘green’ Pick n Pay in Roodepoort
28/02/2012 - 08:42
In an innovative joint venture Atterbury Properties and Pick n Pay will create a R160 million flagship 10,000sqm next-generation ‘green’ store for the leading retailer.
Massmart delivers strong sales and earnings growth
22/02/2012 - 09:34
• Sales up 15%, headline earnings up 21,1% , underpinned by increase in cash generated from operations • Strong volume growth indicative of market share gains
Pick n Pay Gets Top Retail Specialist
20/02/2012 - 09:25
Cape Town-based Pick n Pay announced the appointment of Rod Salmon, who will take the position of Divisional Manager, General Merchandise at the retailer from 1 March 2012.
Tiger Brands' underlying assumptions for update
20/02/2012 - 08:54
Tiger Brands, in trading update on Feb 14, 2012, advised that, despite difficult trading conditions, headline earnings per share were expected to show satisfactory growth for the year ending 30 September 2012 as compared to the 2011 reported earnings.
Woolies eyes Pick n Pay’s food trolley
17/02/2012 - 13:40
High-end retailer Woolworths will be opening 10 new bigger-format supermarkets in the medium term, CEO Ian Moir said yesterday, the first of which will be on William Nicol Drive in Bryanston, Johannesburg, the street where competitor Pick n Pay has set up its premium offering.
Consumer Confidence in U.S. Increases for a Second Week in Bloomberg Index
03/02/2012 - 08:31
Consumer confidence in the U.S. climbed for a second week as Americans became less pessimistic about the prospects for the world’s largest economy.
Swazi Pick n Pay boycotts suppliers
01/02/2012 - 09:28
In a rare case of consumer empathy, retailer Pick n Pay has reportedly boycotted some of its suppliers who did not agree “to drop their prices so that customers can benefit”.
Southern Comfort brings brand character to Facebook
20/01/2012 - 13:53
Southern Comfort, the Brown Forman-owned spirits brand, has launched a Facebook campaign featuring the fictional New Orlean's music legend, 'Baron Jazz'.
Workers at Unilever UK set to strike
17/01/2012 - 07:52
British workers at Unilever plan to escalate strike action this week with 11 days of rolling stoppages starting on Wednesday in a dispute over plans to axe the consumer goods group's final-salary pension scheme.
Olympus board vows to quit
12/12/2011 - 08:58
The entire board of Japan’s Olympus has signalled its plan to quit — possibly as early as February — over a $1,7bn accounting fraud, and to set up an outside committee to advise whether to sue those responsible.
Unilever builds green food plant in Durban
12/12/2011 - 08:54
Unilever, the global fast-moving goods supply group, has built a R670m savoury dry food plant at Riverhorse Valley in Durban, according to chairman of Unilever SA, Marijn van Tiggelen.
SABMiller eyes Kenya's premium beer segment with Miller Genuine Draft
08/12/2011 - 09:00
SABMiller will introduce its third beer, Miller Genuine Draft, in Kenya on 8 December, aiming at the premium segment of the local beer market which is currently catered to by rival beer brands Heineken and Tusker Malt.
Cocoa prices fall on Europe concerns
08/12/2011 - 08:54
Cocoa has hit its lowest level since December 2008 on the back of the sovereign debt crisis in Europe and increased supplies from West Africa according to commodity analysts familiar with the industry.
Wasteful consumer goods stress the planet
01/12/2011 - 09:04
Words by Pierre Heistein, the convener of the UCT applied economics for smart decision-making course The main focus of the UN climate conference currently being held in Durban will be on how the world economy can go about reducing its levels of greenhouse gas emissions.
Top retailers avoid equity BEE partners
28/11/2011 - 08:35
Politically connected empowerment’s usual suspects are missing out on a combined market capitalisation of more than R160 billion as they are shunned by top JSE-listed retailers, which have chosen to rather give stakes to their staff and support struggling black entrepreneurs.
Champagne Deutz to implement new brand representation strategy in US
25/11/2011 - 08:58
French champagne producer Champagne Deutz will implement a new Regional Representation strategy beginning 2012, allowing importers / distributors outside the Champagne Louis Roederer network to represent the brand in the US.
Retail September trade growth seen at 6.5%
15/11/2011 - 10:33
Growth in SA’s retail trade sales at constant (2008) prices for September is expected to lose momentum to a decrease of 6.5% year on year (y/y), from a y/y growth of 7.1% in August, according to a survey of leading economists by BusinessLIVE.
E.coli found in imported cheese
10/11/2011 - 08:45
Johannesburg - Almost 22 tonnes of imported Irish cheddar cheese was destroyed last week because it was contaminated with E.coli bacteria, the Milk Producers' Organisation (MPO) said on Wednesday.
Spar Group reported a 3.3% rise in diluted headline earnings per share
09/11/2011 - 16:00
South African grocery chain Spar Group on Wednesday reported a 3.3% rise in diluted headline earnings per share to 522.8 cents for the year ended September 2011 from 506.3 cents a year ago
Nampak forecasts higher profits
08/11/2011 - 08:59
Packaging group Nampak (NPK) advised on Monday that its headline earnings per share for the year ended September 2011 from continuing operations, are expected to be between 15% and 25% higher than the 142.2 cents per share in 2010.
Europen issues green paper on packaging and sustainability
07/11/2011 - 09:58
A new green paper published by Europen has emphasized packaging’s role in achieving a ‘resource efficient’ society.
South African businesses sign procurement accord to boost local manufacturing
03/11/2011 - 09:54
South African businesses have signed an accord with government, unions and civil society, aimed to help the struggling manufacturing sector.
Softer market hits Mondi growth
01/11/2011 - 08:28
Maintenance shutdowns reduce underlying operating profit, moderated selling prices in softer market partly offset by lower input costs
Pack designs alter due to changing shopping behaviours
11/10/2011 - 09:45
Brands (in the UK) are altering their pack designs to adapt to changes in consumer behaviour due to continued economic uncertainty, according to an industry expert.
Walmart and Massmart launch another extended price cut promotion, building on momentum of first campaign
03/10/2011 - 11:35
Following the launch of South Africa’s first 10-week price cut promotional campaign in July, which saved consumers over R50 million, Massmart and Walmart are launching another extended campaign which will run from 2 October to 4 December 2011 at various stores.
Agricultural exporters fume at port tariff hikes
26/09/2011 - 08:18
Agriculture exporters are up in arms over proposed new port tariffs, saying additional costs will have a detrimental effect on the industry’s competitiveness and the economy as a whole.
Shoprite beats profit expectations
23/08/2011 - 10:33
Johannesburg - Shoprite Holdings, Africa's biggest grocery retailer, beat analysts estimates with a 12.4% rise in full-year profit, as lower interest rates and a tentative economic recovery boost consumer spending.
Tanzania mobile users up 20%
15/08/2011 - 09:39
Tanzania's mobile phone subscribers rose 20 percent to 21 million last year, but low tariffs due to a vicious price war are expected to diminish the appetite for investment in the telecoms sector, industry officials said.
Are private label brands a threat to national brands?
12/08/2011 - 15:49
It’s a question that may keep many marketers and brand managers awake at night – are private label brands encroaching on national brands? The answer is yes, and no, according to Dr Magda Nenycz-Thiel, a senior researcher from the Ehrenberg-Bass Institute for Marketing Science at the University of South Australia.
Morrison named CEO at Campbell Soup
27/06/2011 - 08:46
As expected, Campbell Soup Co. named Denise Morrison president and chief executive, effective Aug. 1, succeeding Douglas R. Conant, who served more than 10 years in that role, the company said Thursday.
Woolworths shares fall
14/06/2011 - 10:45
Shares of South Africa's Woolworths drop 2.6 percent as the retailer enters a closed period in which it will repurchase ordinary shares worth up to 500 million rand ($73.48 million).
ASDA-IPL provides support to emerging South African table grape farmers
31/05/2011 - 08:06
BENTONVILLE, Ark., May 30, 2011: Walmart businesses ASDA and IPL, in conjunction with the South African Table Grape Industry (SATI), recently facilitated a visit of emerging table grape farmers to the United Kingdom.
Rise in factory gate prices eases
26/05/2011 - 08:03
Johannesburg - Producer price inflation - or the increase in factory gate prices - slowed to 6.6% year-on-year (y/y) in April, from 7.3% in March, Statistics SA said on Thursday.
Piracy scourge ‘raises costs for shipping groups’
26/05/2011 - 07:50
ESCALATING piracy along the east coast of Africa was having a "material" effect on the costs of shipping companies operating in the region, according to Grindrod CEO Alan Olivier.
Flat year for Adcorp but market share is up
26/05/2011 - 07:22
Employment services company Adcorp reported flat headline earnings for the year to February yesterday and conceded that the year had been challenging as a result of sustained political and regulatory pressure on labour broking.
Inflation subdued on food price drop
19/05/2011 - 07:58
INFLATION rose more slowly than expected last month, subdued by a surprise fall in food prices and fanning hope that price pressures may not build as fast as feared this year.
Del Monte Nabs Hershey's CEO
19/05/2011 - 07:44
Hershey Co.'s chief executive, David J. West, is departing for a considerably smaller and arguably less glamorous company but one that could provide a bigger payday down the road.
Campbell’s Cuts Packaging, Creates More Waste
13/05/2011 - 10:10
Campbell’s saved more than 4.5 million pounds of steel, plastic and paper packaging materials in 2010, but its waste disposal rate was up 15 percent, according to the firm’s latest corporate social responsibility report.
New jobs scarce in Western Cape
12/05/2011 - 08:14
Cape Town - The Western Cape economy is showing healthy growth, as indicated by the Sake24 and BoE Private Clients latest barometer information for March.
Massmart Walmart Merger - Summary of 10 May court proceedings
11/05/2011 - 08:41
With the third day of the Competition Tribunal Hearings into the Massmart Walmart merger underway, we have compiled a summary of the proceedings.
Tesco defector McCann exits Carrefour
06/05/2011 - 14:02
Former Tesco director James McCann has left Carrefour after less than 18 months with the French retail giant.
Zambia regulator clears Shoprite
31/03/2011 - 00:00
Lusaka - Zambia has cleared Africa's largest grocer Shoprite Holdings [JSE:SHP] over allegations of threatening to blacklist suppliers who dealt with its rival Pick n Pay Stores [JSE:PIK], the regulator said on Tuesday.
Australian Federal Court hearing regarding sale of Franklins to Metcash kicks off
14/03/2011 - 00:00
[Cape Town, 14 March 2011] The hearing of the Australian Competition and Consumer Commission's application for an injunction to prevent Metcash acquiring Franklins commenced in the Federal Court of Australia in Sydney on Monday 14 March.