Specialist Consumer Packaged Goods brand-custodian distributor, ACDOCO South Africa (“ACDOCOSA”), has announced that it has secured the exclusive distribution rights for Kampalook Ltd’s patented root concealer brand, Color Recover in Southern Africa.
Specialist Consumer Packaged Goods brand-custodian distributor, ACDOCO South Africa (“ACDOCOSA”) in partnership with the Dis-Chem Foundation has donated R400,000 worth of LifeStyles Condoms by Ansell, to different NGO’s across South Africa.
Leading international Consumer Good’s company, Church & Dwight has bestowed ACDOCO South Africa (“ACDOCOSA”), with the 2016 award for Consistent Growth and Successful Brand Re-Launches. ACDOCOSA was one of only three countries out of a hundred that received an award at the ceremony held in Athens, Greece.
Specialist Consumer Packaged Goods brand-custodian distributor, ACDOCO South Africa (“ACDOCOSA”), has been appointed as exclusive Southern African distributor by Dr. Wolff, a German research-based consumer health company for its Alpecin and Plantur hair care products.
Grant Pattison to lead Edcon from June
26/05/2017 - 15:34
Current CEO Bernie Brookes’s contract, which was to expire in September, has been extended until the end of January 2018.
40% of online grocery purchases in UK made on mobile
23/05/2017 - 09:47
About 40 percent of all online grocery purchases made in the United Kingdom are done using a mobile phone. Online grocery shopping in the UK is also quite popular, as 7 percent of all grocery shopping is done online. That’s more than Spain, the Netherlands and the Czech Republic combined.
Wal-Mart earnings dip but sales rise at its US stores
19/05/2017 - 15:42
New York — Wal-Mart Stores scored another increase in sales at its US Walmart stores according to first-quarter results released on Thursday, but earnings dipped on higher expenses.
Tesco introduces shopping filter app for customers with diets and intolerances
17/05/2017 - 15:06
British retailer Tesco has announced a partnership with Spoon Guru to help its customers with specific diets and tastes to quickly and easily find suitable food when shopping.
Astral slashes interim dividend as it battles high input costs
15/05/2017 - 09:16
Poultry producer says the results were due to its inability to recover record high feed prices and a loss in sales volumes ‘under extremely difficult market conditions’
Amazon continues brick-and-mortar push
09/05/2017 - 17:04
The nation’s capital has been added to the list of cities that will soon feature an Amazon Books store.
Google’s latest tool aims to help retailers find new customers
05/05/2017 - 15:59
Google recently rolled out similar audiences for search and Google Shopping, which enable merchants to find consumers similar to their existing customers.
New retail report reveals South Africa's most customer-centric retailers
26/04/2017 - 12:20
A recent survey conducted by the global leaders in customer science, dunnhumby, titled the Customer-Centricity Index (CCI) reveals that South Africa’s most successful apparel retailers are those with a high focus on ‘customer-centricity’ defined as focusing on creating a positive customer experience by placing your customer in the centre of your retail decisions. According to the recent study, the local retailers that scored the highest on their overall customer-centricity score include Fabiani, Woolworths, H&M, Miladys, Markham, Cotton On and Mr Price.
Walmart in talks to purchase another online fashion retailer
18/04/2017 - 10:41
Walmart reportedly is about to make its fourth e-commerce acquisition in seven months as the chain continues to beef up its online arsenal and fashion offerings against Amazon.
Tesco to report a return to financial health
11/04/2017 - 10:58
After £6.4bn loss two years ago the supermarket chain is set to announce bigger than expected jump in profits.
SA's economy must change‚ says Gigaba
10/04/2017 - 09:36
Call it radical or accelerated economic growth but it all boiled down to inclusive growth‚ new Finance Minister Malusi Gigaba said in Pretoria last week.
Astral Foods’ earnings to be lower, but still better than expected
04/04/2017 - 15:50
Astral Foods’ headline earnings per share (HEPS) for the six months ending March 31 will be between 50% and 60% lower than that for the previous comparable half-year, but better than the group expected in an earlier trading statement.
Pernod Ricard wins Randstad Award for 'Most Attractive French Company'
31/03/2017 - 10:13
Pernod Ricard has been named the ‘Most Attractive French Company for People Aged 18-24’ following a survey conducted by market research and market information group, Kantar TNS.
Manufacturing sector confidence falls on policy uncertainty
28/03/2017 - 13:53
Policy uncertainty continues to affect the manufacturing sector, rattling business confidence.
A beginner’s guide to marketing attribution in an omnichannel world
24/03/2017 - 16:27
Attaining the attention and loyalty of today’s always-on, distracted customer is becoming a significant challenge for businesses as they compete in a highly mobile and digitised marketplace. According to Aberdeen Group Inc., companies that have a strong omnichannel customer engagement strategy in place retain nine in 10 of their customers (89%), compared to only a third for companies that do not (33%).
Instagram to roll out shopping feature after successful trial
24/03/2017 - 16:11
Instagram has announced plans to roll out its shopping options within the image-sharing app.
Astral and RCL shares soar after crackdown on Brazilian meat imports
23/03/2017 - 13:30
The share prices of South African chicken producers Astral and RCL soared on Thursday following the government’s crackdown on Brazilian meat imports.
Three Spar stores opened in Azerbaijan capital
21/02/2017 - 10:18
The capital city of Azerbaijan, Baku, was host to the grand openings of three new Spar stores at the end of 2016, Spar International has announced.
Amazon files patent for parachute-aided drone deliveries
16/02/2017 - 12:15
Amazon has filed a patent for its drones to deliver online purchases with the aid of parachutes.
SA shoppers feel the love on Valentine's Day
14/02/2017 - 23:04
South African shoppers feel the love on Valentine’s Day, spending more than ever on the romantic day of the year.
Supporting the success of a home-grown South African Spaza economy
06/02/2017 - 15:20
Since the mid-1970s and continuing into the present day, spaza shops have not only been the backbone of South Africa’s township economy, but they are the most visible and vivid scenery depicting the vibrancy of township life. They are symbols often illustrating the dichotomy in South Africa’s economy. These make-shift retail spaces in residences often stands in stark contrast with consumer landscapes of the formal economy such as malls.
Mondi CEO to retire in May
01/02/2017 - 12:13
Cape Town - Mondi Group CEO David Hathorn informed the boards of his decision to retire and Peter Oswald, executive director and CEO of the Europe & International Division, will succeed him on 11 May at the AGM.
Tru-Cape getting a bigger piece of the cherry pie
30/01/2017 - 15:28
Despite Ficksburg's self-proclaimed position as South Africa’s Cherry Capital, the Free State might soon have to fight for its crown as Ceres in the Western Cape is increasingly getting a bigger piece of the cherry pie.
Shoprite profits come roaring in
30/01/2017 - 14:22
Despite a tough local market, Shoprite has edged its rivals and its rest of Africa play is going swimmingly
Walmart settles same-sex spouse benefits discrimination suit
09/12/2016 - 11:50
Walmart has agreement to a settlement in a lawsuit that accused the retailer of discrimination against gay employees who were unable to get healthcare coverage for their same-sex spouses.
Pernod Ricard champagnes awarded for sustainability
21/11/2016 - 10:17
The French ministry for agriculture has awarded the Pernod champagne brands G. H. Mumm and Perrier-Jouët Haute Valeur Environnementale classification, reflecting the sustainable development measures implemented in their production.
Vasari concludes acquisition of KWV, takes aim at strategic growth opportunities
14/10/2016 - 14:51
Johannesburg, South Africa – 14 October 2016: Vasari, a leading consumer-focused investment group has completed the acquisition of South African wine and spirits producer KWV Group’s operational assets for ZAR1.15 billion. The acquisition, announced in May 2016 was finalised after securing overwhelming shareholder support and a nod from the South African Competition Commission.
Retail industry ‘has growth potential’
05/10/2016 - 09:00
STRETCHED consumers with reduced disposable income are not unique to SA’s retail sector, says Raam Ratnam, S&P Global Rating’s senior director for corporate ratings for retail companies. But pressure on credit spend is a significant local risk.
Target chief digital officer exits abruptly
27/09/2016 - 10:52
Jason Goldberger, Target Corp.’s chief digital officer and president of Target.com, has left the company "effective immediately" after being the first to take on the newly created position in May, according to the Minneapolis Star Tribune.
Grand Parade Investments weathers ‘perfect storm’ for consumers
13/09/2016 - 11:32
GRAND Parade Investments (GPI), the casino operator that is diversifying into the food sector with brands such as Burger King, reported headline earnings per share (HEPS) of 1.99c for the year to end-June, down from 10,53c a year ago.
Burberry crowned leader in sustainability
09/09/2016 - 08:55
Burberry has been named the industry leader in sustainability by the 2016 Dow Jones Sustainability Index (DJSI).
PayPal and Mastercard expand partnership
08/09/2016 - 10:13
PayPal and MasterCard announced an expansion on their existing partnership that will enhance the consumer experience making MasterCard a payment option within PayPal. It will also enable MasterPass as a payment option for Braintree merchants and expand PayPal’s presence at the point of sale.
Packaging industry needs to be ready for 2017 boom
06/09/2016 - 16:02
A few decades ago, packaging companies needed more tons of machinery to produce the output that they do today. Back then, the more heavy machinery they had, the more value was produced. Now, things are done differently; with less material. The difference is information.
Growing exports help widen trade surplus to R17.4bn
02/09/2016 - 14:35
EXPORTS grew faster than imports in the first seven months of 2016, driven largely by a weak rand, leading to a R17.4bn surplus compared with a R24.7bn deficit over the same period last year.
Why your marketing strategy needs infographics
01/09/2016 - 11:50
Johannesburg, South Africa – September 1, 2016 – High-quality infographics are far more likely to be read and shared than text-based content, giving them greater virality and making them a popular marketing tool. However, they need to be thoroughly researched, meticulously written and skilfully designed to be effective and boost brand visibility.
Massmart slips back despite strong forecast
16/08/2016 - 08:49
MASSMART’s share price was hit by profit-taking on Monday after the retailer released an interim trading statement, in which it said earnings were expected to grow strongly despite a marked slowdown in the local economy.
KWV to weigh options after asset sale
01/08/2016 - 10:39
SHAREHOLDERS in unlisted liquor group KWV Holdings will not taste a rich special dividend anytime soon.
Starbucks Mobile Pay explodes in popularity, next step suggestive selling
27/07/2016 - 15:50
Ordering by phone is proving to be popular with coffee drinking customers. Starbucks Mobile Order and Pay usage reached 5% of U.S. transactions in the third quarter 2016, up from 4% in Q2.
Top 10 most profitable retailers, 2016
20/07/2016 - 16:01
Forget revenue, store counts, online traffic, etc. — if you want to know who is succeeded in retail just look at the bottom line — it is all about turning a profit. Here is a quick look at the top 10 retailers on the list:
Menlyn Park Shopping Centre becomes environmentally friendly
15/07/2016 - 12:49
Coveted Green Star rating awarded to Menlyn Park Shopping Centre Pretoria, 15 July 2016 – The extension of Menlyn Park Shopping Centre in Pretoria has been awarded a 4-star Green Star Retail Design rating by the Green Building Council of South Africa (GBCSA) for the substantial effort undertaken to develop their first building phase, on environmentally friendly design and construction principles. This forms part of the R2 billion redevelopment of the centre, which began in 2014. Due for completion in November this year, the shopping centre will become the largest centre in Africa, with over 500 shops and a trading area of 170 000m2 on offer.
New stores add to Cashbuild’s revenue and customer base
14/07/2016 - 09:39
CASHBUILD’S revenue jumped 9% in the fourth quarter to June from the previous financial year, with 20 new stores opening since the beginning of July 2014, contributing a 3% increase.
EU pays the price for messing with British law and traditions
08/07/2016 - 08:51
Brexit is the consequence of a clash of fundamental legal/philosophical values that are not visible to the casual observer. Deep-seated values that represent part of the British constitution which is made up of the freedoms of individuals determined by the courts and by generally accepted conventions.
The Future of Media to shine the light on digital media technology
07/07/2016 - 15:19
Johannesburg, Thursday, 07 July 2016 : “Before the 2016 Future of Media Conference has even kicked off, it’s clear that the South African market is champing at the bit in anticipation of the opinions and insights of industry leaders operating in the digital environment,” says Trevor Ormerod, GM Group Sales & Marketing at Times Media, ahead of the annual Future of Media Conference being held in Sandton on 21 July.
New York grocer reaches out to customers
05/07/2016 - 14:07
With 15 regional stores, New York-based Fairway Market needs to compete with larger rivals on quality of experience.
New Consumer Goods and Retail Industry Study Reveals Need to Rethink the Value Chain
29/06/2016 - 15:50
The Consumer Goods Forum and Capgemini call for needed industry change to secure long-term, sustainable growth; Existing value chains must evolve to consumer-driven value networks
Special Sessions keynote presentations by Accenture, ECOLAB, IRI and Nielsen
29/06/2016 - 14:41
There was a host of special sessions at the Consumer Goods Forum Summit which covered issues from surviving the third era of digital and the ‘Internet of Things’ to ‘End-to-End Value Chain’ and navigating the new retail agenda. Key speakers included Mark Curtis, Chief Client Officer and co-Founder, Fjord, who described the trends and key success elements for brands willing to succeed in the digital space, and Steve Matthesen, Global President of Retail Vertical, Nielsen, who elaborated on consumers’ perspectives to explain the “why behind the buy."
How New Circular Economy Legislation Can Help Transform the Way We Do Business
29/06/2016 - 12:22
One of the biggest challenges facing companies today is how to make their business models sustainable while promoting growth and profitability. In this age of globalisation, with huge demands on land, water, food, raw materials and energy, we cannot continue with a linear economy that in essence creates, uses and disposes, assuming resources are unlimited. A different approach is needed.
The Consumer Goods Forum: Who they are and what they are about
29/06/2016 - 10:46
The Consumer Goods Forum is the greatest convener of the consumer goods industry across the globe. Their mission is to improve industry efficiency, build consumer trust, and advocate for practices that improve the world at large. They not only address issues facing retailers, but the entire value chain, from manufacturing to advertising. The recently celebrated their 60th anniversary of the Global Consumer Goods Summit held in Cape Town on 13 – 16 June 2016.
Consumer Goods Forum Global Summit Cape Town June 2016 - Fastmoving Review
29/06/2016 - 09:36
This year the Consumer Goods Forum hosted their 60th Global Consumer Goods Summit in Cape Town from 13 – 17 June 2016. It was a milestone year, because not only was it the 60th anniversary, it was the first time the Global Consumer Goods Summit was held on the African continent.
Nestlé shares advance as CEO presages shakeup
28/06/2016 - 11:46
Genever - Nestlé SA rose the most in more than four months as investors welcomed the surprise appointment of Fresenius SE’s Ulf Mark Schneider as successor to chief executive officer (CEO) Paul Bulcke.
Beer deal: AB InBev clears hurdle in SA
27/06/2016 - 08:43
Johannesburg - Anheuser-Busch InBev cleared a hurdle toward gaining approval for the brewer’s takeover of SABMiller in South Africa as the country’s Food and Allied Workers Union said it will take no further part in the regulatory approval process.
Huge grocery retailers show rising confidence in SA’s small businesses
23/06/2016 - 08:34
SMALL, medium and micro-sized enterprises (SMMEs) in the grocery retail sector are reaping the rewards of big investments by dominant players in the industry, such as Massmart and Pick n Pay.
Scourge of cybercrime hits Africa, leaving unprepared companies highly vulnerable
09/06/2016 - 13:08
Cybercrime has become a global epidemic from which Africa has not been spared, leaving companies counting losses, which range from money to credibility.
Digital disruption to top CEO agenda at 60th CGF Global Summit
01/06/2016 - 00:00
Cape Town, 31 May 2016 – The Consumer Goods Forum (CGF) has announced that in just over two weeks, Cape Town will play host to scores of CEOs from the world’s most influential consumer and retail brands. The CGF Global Summit, expected to draw more than 800 delegates from over 365 companies from 40 countries, will take place at the Cape Town International Convention Centre from 15 to 17 June 2016.
Hedging policy helps AVI grow earnings
14/03/2016 - 09:46
Diversified consumer brands company AVI is looking beyond the economic slump, and has almost tripled its war chest by raising its debt facilities to R1.5bn.
The world is divided on immigration - WIN/Gallup International’s Global Poll
04/03/2016 - 11:23
Over half (57%) of the world think that immigration of foreign workers is a good thing for their country and 32% believe it is a bad thing, according to WIN/Gallup International’s Global Poll on immigration.
Sears Holdings to accelerate closure of unprofitable stores - USA
10/02/2016 - 10:22
A combined 7.1% same-store sales decline at Sear and Kmart stores in the fourth quarter has parent company Sears Holdings vowing to undertake a wide range expense reduction and cash generating moves, including more store closings and asset sales.
Resilient leaders chase growth despite tough climate
15/12/2015 - 13:49
Despite some of the harshest economic and business conditions being felt for some time now, a survey has revealed that many of SA’s top industry leaders are still positive about the future, and that they display a resilience that will be critical for keeping businesses moving forward in the coming year.
Death tavern loses licence
02/11/2015 - 10:40
Cape Town - It was time for the police and the liquor licensing authority ‘to get tougher’ with liquor traders who fail to comply with the law, Western Cape Economic Opportunities MEC Alan Winde said yesterday.
Eskom's tariff hike shocker
20/03/2015 - 08:24
Cape Town - Eskom is looking for a 9.58% price adjustment for electricity in addition to the already announced 12.69% imposed in the 2015-16 financial year, reports the City of Cape Town.
Omnichannel ‘is key for retailers’
13/02/2015 - 09:57
Redesigning "omnichannel" supply chain had to be a priority for consumer goods companies and retailers for them to remain relevant to the consumer and their shareholders, an EY/ Consumer Goods Forum survey said.
Credit data reflect subdued economy
03/02/2015 - 09:37
Credit growth data released on Friday painted a picture of a subdued economy, with broad M3 money supply growing only an annual 7.38% in December from 8.31% the previous month.
eBay to cut 7 percent of workforce - USA
23/01/2015 - 10:22
E-commerce giant eBay will slash 2 400 jobs - seven percent of its workforce - in the current quarter as it restructures and prepares to spin off its PayPal finance unit, it said Wednesday.
Taxi strikes choke economic drive - chamber
18/11/2014 - 09:38
Johannesburg - Taxi strikes like the one that left commuters stranded in Johannesburg on Monday are hampering the country's economic drive, the Johannesburg Chamber of Commerce and Industry (JCCI) said.
Telkom warns over Eskom load shedding
04/11/2014 - 09:44
Telkom services will be impacted by Eskom’s nationwide load shedding schedule, the company said in a press statement on Monday, 3 November 2014.
Maersk in shipping alliance with MSC
11/07/2014 - 11:56
Copenhagen - AP Moeller-Maersk on Thursday announced an alliance with shipping company MSC on some of the world's busiest cargo routes after China scuppered a planned tie-up between the two companies and CMA.
Meatco acquires stake in UK firm
11/06/2014 - 11:06
Meatco, the country’s leading beef producer, has acquired a 25% shareholding in Global Protein Solutions (GPS), a UK-based meat trading company.
I&J’s R500m investment reflects its confidence in fishing industry
05/06/2014 - 13:22
South Africa’s two largest fishing companies, I&J and Oceana Group, are investing in their aging trawler fleets in preparation for the critical 2020 fishing quota allocation.
L'Oreal net profit rises to €3bn
17/02/2014 - 10:20
Paris - L'Oreal, the world's largest cosmetics company, has said its net profit rose by 3.2% last year to €2.96bn ($4.0bn) on sales which rose by 2.3% to €22.98bn
First China mall opens in Harare, Zimbabwe
08/01/2014 - 08:38
The shopping mall, built near the National Sports Stadium, opened for business a few days before Christmas 2013. It is part of a 300-roomed five-star hotel project worth over $200 million and includes retail outlets, an amusement park, parking and staff houses.
Massmart stores will be closed on Sunday, 15 December
10/12/2013 - 08:37
Massmart Holdings will close its stores on Sunday, 15 December 2013.
KBL introduces responsibility platform
16/10/2013 - 09:22
Kgalagadi Breweries Limited (KBL) has taken in the quest to provide information on alcohol and responsible consumption is through their site, www.talkingalcohol.com
Woolworths reports strong results
29/08/2013 - 08:34
Highlights • Turnover up 23.2% • Profit before tax up 27.1% • Headline earnings per share up 27.3% (52 weeks: 25.3%) • Return on equity up from 46.4% to 49.7% • Cash dividend of 148 cents declared
Emerging markets boost Nivea firm
08/08/2013 - 09:01
Frankfurt - German cosmetics group Beiersdorf said on Wednesday that strong demand for its Nivea hand cream and Labello lip balm in emerging markets lifted its second quarter sales and profits.
Estee Lauder eyes buoyant Africa demand
06/08/2013 - 08:58
Johannesburg - Estee Lauder plans to expand its presence in sub-Saharan Africa by rolling out its $1bn brands, Clinique and MAC, to tap into strong demand for luxury cosmetics among the region's middle class, a company executive said on Wednesday.
Retail price of mealie-meal hiked, Zambia
18/07/2013 - 09:43
The retail price of mealie-meal has been increased by about K5 after millers hiked the cost of the staple food by K2 on account of the removal of fuel and maize subsidies.
R37m coconut boost for small farmers
24/06/2013 - 10:47
Cape Town – A high degree of interest in the medical and health benefits of coconut oil has led to a joint venture worth $4m (about R37m) between Agri-Vie and Vida Oils International.
Sainsbury maintains growth record as grocer outpaces rivals
12/06/2013 - 14:06
J Sainsbury Plc (SBRY), the U.K.’s third-largest supermarket chain, reported a 34th successive quarter of same-store sales growth as the grocer increased its share of the market while its main competitors all lost ground.
India: P&G to set up its biggest India plant in Andhra Pradesh
11/06/2013 - 10:10
FMCG major Procter & Gamble (P&G) India is enhancing its manufacturing capabilities and expanding its footprint by setting up its largest plant at Kothur Mandal in Mahaboobnagar district of Andhra Pradesh. The company will be investing R370 crore in the plant through Procter & Gamble Home Products.
UK: IKEA advert featuring gnomes being smashed receives 50 complaints to watchdog
29/05/2013 - 08:04
Viewers have complained to a watchdog that an IKEA advert of gnomes being smashed is “violent, frightening and offensive”.
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.
Food Lover’s Market – 3000 food products under the same roof at Bagatelle, Mauritius
25/11/2011 - 09:30
The opening of Food Lover’s Market took place at Bagatelle Mall of Mauritius in October 2011.
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.