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Woolworths supports SA National Water Week: 15 – 19 March 2010
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At least 60% of our country’s water is used in farming irrigation, and Woolworths, as a major supplier of fresh produce, has to play a role in water conservation. We are deeply committed to being part of the solution and have a long history of working with our suppliers to influence change.
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Pick n Pay leaders win global social responsibility award
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Pick n Pay’s new chairman, Gareth Ackerman, and head of transformation, Suzanne Ackerman, have been recognized by the global organization Young Presidents Association as one of the winners of the 2010 Corporate Social Responsibility Award.
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New stores help retailers weather recession
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Retailers have emerged relatively unscathed from the recession that seems to be leaving SA behind. The results SA’s shopkeepers-in-chief have announced in recent weeks have given comfort.
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Massmart results defy slump
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Wholesale retailer Massmart delivered a robust operational performance for the 26 weeks to December 27, posting a 6.1 percent increase in sales to R24 billion, but analysts warned that a slower-than-expected recovery in consumer spending could mar profits slightly at year-end.
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Massmart delivers satisfactory results in tough market conditions
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Massmart, Africa’s third largest distributor of consumer goods, has demonstrated its resilience, delivering a robust operational performance for the 26 weeks ending 27 December 2009, amid the toughest market conditions the group has faced since listing in 2000.
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Recession ‘a fantastic time’ for Shoprite
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Shoprite Holdings, SA’s largest retailer, had a good recession. Its low-end supermarkets had strengthened their reputation for price and Checkers had established itself as an upmarket rival to Pick n Pay and Woolworths, CEO Whitey Basson said.
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SA banks aid Shoprite growth
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Johannesburg - Pan-African food retailer Shoprite Holdings has said its difficulties in finding trading sites elsewhere on the continent are abating, thanks to the willingness of South African banks to finance property development.
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Woolworths lifts H1 profit, sales up 9.3%
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South African retailer Woolworths posted a 40 percent rise in first-half profit, bolstered partly by foreign exchange gains as consumers battling job losses and high debt levels rein in spending.
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Online shopping battles to entice consumers
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While internet use has shot up dramatically in SA over the past few years, the online shopping market is small by world standards. And SA will have to overcome many obstacles before shopping from home catches on.
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Massmart achieves Level Four BBBEE rating
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The Massmart Group of companies has achieved a Level Four Broad Based Black Economic Empowerment (BBBEE) contributor status, two years earlier than planned. Massmart achieved a score of 66.14% from ratings agency Empowerdex, following a comprehensive audit of the Group’s BBBEE performance.
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Shoprite selling India hypermarket to Future-paper
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Shoprite Holdings (SHPJ.J), Africa's biggest grocer, is selling its sole hypermarket in India to the Future Group that runs India's largest listed shopping chain, Pantaloon Retail (PART.BO), the Economic Times said.
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Woolworths issues shares for cash
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Johannesburg - Woolworths Holdings said on Friday that it plans to issue 11 million Woolworths ordinary shares from its authorised but unissued ordinary share capital, to Woolworths (Proprietary) Limited (WPL) - a wholly-owned subsidiary of Woolworths - based on a subscription price of 17.24c per ordinary share.
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Woolworths opens the door to industry for unemployed and underemployed, disadvantaged graduates
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Woolworths Growth Academy is a trailblazing 12-18 month career development programme aimed at both current employees as well as unemployed and underemployed previously disadvantaged graduates. The programme tackles the shortage of skills that plagues the local retail industry and imparts Woolworths values of quality and style, value, innovation, service, integrity, energy and sustainability.
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Retailers score with Pick n Pay
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Food retailer Pick n Pay could be on a winning streak with its Score conversion strategy, which targets lower-end market areas.
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Nov retail trade sales slump
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South African retail trade sales at constant (2008) prices for November were recorded at -6.6% year-on-year (y/y) from a revised -6.1% (-6.5%) in October, figures released on Wednesday by Statistics South Africa show.
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Woolies sales inch up
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Johannesburg - Woolworths Holdings said on Wednesday that for the 26 weeks to December 2009, its sales increased by 9.3% compared with the same period in the previous year. Comparable store sales growth for the period was 4.4%.
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Clicks meeting expectations
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Clicks Group (CLS) said Monday that it increased retail sales by 13.4% for the 18 week period to 3 January 2010 - due to the continued strong trading results from the Clicks chain which grew turnover by 15.7%, driven by the growth in the health and beauty merchandise categories.
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Retail heads for better times
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Cape Town - This year the retail industry should emerge from its recession woes, but consumers can expect prices to rise almost 8%.
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Festive retail hopes fizzle out
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Johannesburg - Analysts have lowered their expectations for 2009 festive season sales figures, after retailer Mr Price became the third retailer to perform below market expectations.
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Massmart expects interim drop
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Johannesburg - Massmart Holdings said on Wednesday in a trading update for the 26 weeks to December 27, 2009 that headline earnings and headline earnings per share are both expected to be between 16% and 24% lower than previously.
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Woolworths introduces Early Learning Centre toy range
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In another exciting first, Woolworths has announced that they are to launch an extensive range of toys from Britain’s leading educational toy brand, Early Learning Centre. Early Learning Centre is a part of Mothercare plc, the leading global specialist for parents.
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Luxury goods to be discounted
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Cape Town - This month, consumers can expect hefty price reductions at sales, especially in the case of luxury goods.
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Shopping like it wasn't 2009
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Judging by the large number of shoppers who flocked to the malls during the festive season, many consumers appear to have taken the news that the economy is limping out of a recession as a licence to spend.
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Woolworths introduces gift hampers online
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Always looking for ways to make your life easier, Woolworths has just introduced an online gift hamper solution just in time for Christmas. Now no matter where in the world you live, you can have the perfect gift for any occasion delivered anywhere in South Africa.
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Pick 'n Pay shares dip as workers strike
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Shares in Africa's second biggest retailer Pick 'n Pay opened nearly three percent in the red on Friday as striking workers protested allegations of racism in the grocery chain in South Africa.
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The Rite move
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Shoprite sells its latest acquisition as a move that will help it serve the consumer better and extend its pharmacy offering deeper into the rural areas.
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Pick n Pay backtracks on strike
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Pick n Pay intends withdrawing its application for an interdict to stop a planned strike by the SA Commercial, Catering and Allied Workers' Union (Saccawu), it said on Tuesday.
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Pick n Pay 'racism strike' looms
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The South African Commercial, Catering and Allied Workers' Union (Saccawu) is planning industrial action against listed retailer Pick 'n Pay, the union said on Monday.
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American apples sold in Shoprite
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Cape Town - The Shoprite Group will be making retail history this month when the first consignment of apples from the United States is unpacked on its shelves.
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'Worst Christmas in a decade'
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Fears of job cuts and poor credit are driving South African Christmas retail sales towards their worst levels in nearly a decade, analysts say.
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Neighbours boost SA malls
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Johannesburg - Shoppers streaming over the borders from neighbouring states are causing a buzz in South African and Namibian shopping centres.
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Shoprite, Transfarm merger approved
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South Africa's Competition Tribunal on Wednesday unconditionally approved the merger of supermarket group Shoprite Checkers and Transfarm, Exfarma, Group 2 Transport, Medsnel Transport, Pretoria IT Service, Schulenburg Verbeek and Wekmed Marketing.
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Massmart cautious on outlook
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Johannesburg - Retailer Massmart forecast a fall in its first-half headline EPS and gave a cautious outlook as consumers continued to cut on spending.
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Shareholder activist swims against Woolies tide
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A boardroom activist, known only as A Gilmore, branded the Woolworths group "racialistic" yesterday as she swam against the tide to establish the bona fides of two new black directors brought into the group in a succession move.
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Growth like mushrooms
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Fruit & Veg City is the latest retailer to partner with a fuel business to run a garage at its forecourt shops.
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Mighty Mom to go after Pick n Pay
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Retail giant Pick n Pay faces a possible lawsuit for allegedly reneging on promises to pledge support to a project called Mighty Mom, aimed at empowering mothers in South Africa.
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Spar year a tale of good half, bad half
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Grocery retailer Spar experienced the proverbial "year of two halves" as food inflation reached highs of 16 percent in the first half and dropped significantly to 9 percent in the second half.
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Woolworths takes off at Cape Town International
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Following the successful launch of Woolworths in the new shopping concourse at Johannesburg’s O.R. Tambo International in April, Woolworths has now opened a store at Cape Town International – the airport’s first retail food and fashion store.
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Declined cards make Shoprite fume
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Johannesburg - Retailing group Shoprite said on Friday it was frustrated about banks' indifference towards the frequent system failures of the national electronic payment system.
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Woolies' organic midway target draws flak
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In a bid to cut chemical inputs, Woolworths' locally grown fresh produce would by 2012 be either fully organic or a hybrid of organic and conventional farming, the retailer announced yesterday.
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Woolworths changes the way it farms fresh produce
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Always at the forefront of innovation, Woolworths has, together with its suppliers, pioneered a new method of farming fresh produce. Farming for the future aims to radically improve soil and plant health, preserve resources like water and soil and protect biodiversity.
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African Bank buys, delists Ellerines
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FURNITURE group Ellerine Holdings, which will no longer be listed as a separate entity from today, aims to be leaner, meaner and more focused by the time the festive shopping season starts.
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Organic food sales slump
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Shoppers are shunning expensive organic food following research by a watchdog which said it was no healthier than ordinary produce.
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Shoprite leaves rivals behind
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Johannesburg - Shoprite Holdings said on Monday that its turnover grew by 15.3% for the three months ending September.
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Clicks plans big capital spend
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Johannesburg - Consumer services group Clicks will spend R225m on capital investment in its new financial year as part of the group's expansion plans.
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Ackerman throws in his 'no-name brand' towel
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For Pick n Pay chairman Raymond Ackerman there is no time for dress rehearsals. Which is why, upon announcing his retirement yesterday, the 79-year-old retail stalwart said he was not prepared to take up the position of Bafana Bafana coach.
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Pick n Pay shows positive performance and market share gains at the half year
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Turnover for the Pick n Pay group for the six months ended 31 August 2009 increased 12.3% to R26.6 billion. Pick n Pay and Boxer increased turnover 15.3%, which resulted in market share gains from continuing operations. The Franklins increase in Australian Dollars was 3.3% but decreased in ZAR by 8.3% due to the relative strength of the Rand.
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Plastic bags to get pricier
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Cape Town - Next year in June the plastic bags sold in supermarkets and other stores are likely to be increased in thickness, not because of new regulations, but because of the phased approach of the original rules.
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Pick n Pay backers hold thumbs
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Pick n Pay investors will find out soon whether the group has weathered the financial storm as well as its rival Shoprite, as the retailer is expected to release its interim results for the period to August 2009 on Wednesday.
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Malls prepare for better times
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Johannesburg - Judging by the hundreds of millions retail centre owners are spending on the refurbishment of shopping malls, this sector might reckon an economic upturn is around the corner.
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Taste's growth plans bode well for future
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TASTE Holdings, the listed franchise holding firm, plans to build more stores and it is optimistic that the banks' recently relaxed lending criteria will encourage new franchisees to buy into its brands.
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Local sourcing lowers Shoprite costs in Africa
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Managing significant risk in African markets has been key to Shoprite's success on the continent. With stores under way in the Democratic Republic of Congo, big ambitions in Nigeria and rising incomes in Angola boosting a growing number of stores there, the company has shown up the fence-sitters who are still wondering if African markets are a good investment option.
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Massmart - Big outlay on new ventures
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Massmart would spend about R380 million next year on acquisitions and opening new stores in the country, chief executive Grant Pattison said on Friday.
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Premature optimism?
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With consumers still bearing the brunt of the recession, some analysts believe optimism that retailers' fortunes are turning may be premature.
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Dis-Chem considers future listing
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Pharmaceutical retailer Dis-Chem will consider listing on the JSE, according to director Saul Saltzman, although analysts predict it will not happen within the next year.
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Shoprite DRC move met with scepticism
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Retail giant Shoprite’s trailblazing moves outside South African borders have for the most part, stood it in good stead in the past ten years, but chief executive Whitey Basson’s move into the Democratic Republic of the Congo (DRC) has been met with scepticism from retail analysts who don’t believe trading in the DRC will contribute significantly to the group’s earnings.
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Weak case for 'Steinrite'
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Johannesburg - There's very little synergy between supermarket group Shoprite and furniture retailer Steinhoff should the two companies merge, said analysts on Monday, following an article in the October 8 edition of Finweek that the two groups were eyeing each other.
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Dairy - Call to boycott Nestlé goods
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Consumers should boycott Nestlé products if the firm did not stop buying milk from a dairy farm belonging to Grace Mugabe, wife of Zimbabwean President Robert Mugabe, Afriforum said yesterday.
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Clicks expects earnings growth
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Retail group Clicks Group on Wednesday advised shareholders that its diluted headline earnings per share for the year ended August 31 2009 are expected to be between 22% and 27% higher than the previous financial year.
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Pick n Pay expects earnings rise
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Johannesburg - Retailer Pick n Pay on Tuesday advised that it expects its headline and diluted headline earnings per share from continuing operations for the six months ended August 31 to increase by between 8% and 15%.
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Food retailers too strong
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Cape Town - There is sufficient evidence that retailers' purchasing power is being used at the expense of their suppliers, and in the long run this can have negative consequences leading to food shortages. And farmers will be worst hit.
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Competition Tribunal Approves Finro Acquisition
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Masscash, a division of Massmart Holdings, has been notified that the Competition Tribunal has unconditionally approved the proposed merger between Masscash and Finro Enterprises, trading as Finro Cash & Carry.
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New shoppers harder to woo
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Johannesburg - Retailers have needed to show great initiative since the economic downturn scuttled the spending boom.
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Seizing food sector 'would not cut prices'
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Nationalising the food industry would be a complex task that would not benefit the country, but greater regulation of the food industry could increase competition by limiting the dominance of a few players.
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Retail confidence at 8 year low
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Results from the latest Bureau for Economic Research (BER) Retail Survey reveal that retailer confidence declined sharply during the third quarter of 2009, falling from 47 to an eight-year low of 35 index points.
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Fruit & Veg City on expansion, downtrading and independent wholesale
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South African Grocer Fruit & Veg City Group Business Development Manager, Graeme Liebenberg, has said the company is seeking to quietly strengthen its market positioning as overall demand for retail space is decreasing, translating into falling store rents and better availability of attractive retail locations, Farmer’s Weekly reported.
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Attfund to pump R815m into Gauteng mall expansions
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Attfund, one of the country's largest privately owned property funds, is to invest a total of R815 million to expand both its Clearwater Mall on the West Rand and Woodlands Boulevard in Pretoria East into regional shopping centres.
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Online sales defy downturn
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Cape Town - Retailers' internet sales are showing strong growth despite the economic downturn. Woolworths' internet shopping turnover has in fact grown faster than that of the group's physical stores.
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Robbed by recession
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The theft of basic foodstuff has increased dramatically in the past year as cash-strapped consumers battle to cope in the recession, Beeld newspaper reported on Wednesday. Consumer Goods Council of SA director Michael Broughton said about R4.2 million in consumer goods was stolen in 2008.
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Shoprite - Zimbabwe buy considered
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Shoprite Holdings would "consider" buying businesses in Zimbabwe to expand its operations in the rest of Africa, the group said on Friday.
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MTN and Clicks scrap Musica deal
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MTN SOUTH Africa and Clicks terminated an agreement for the sale of 17 Musica stores to the cellular operator, citing certain legal conditions that could not be met, the groups said last week.
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Massmart profit dips as crisis curbs growth
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SA’s leading wholesaler Massmart might not be out of the woods yet, with an analyst saying yesterday that the group could still be headed for a tougher financial year if the economy did not recover soon.
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Woolworths full year turnover up 7.2%
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Retailer Woolworths reported on Wednesday, 26 August 2009, that its adjusted diluted headline earnings per share for the full year ended 30 June had lifted to 123.7 cents from 114.3 cents before.
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Massmart delivers solid pre-forex operating profit
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With South Africa in the midst of its first recession in 17 years, Massmart, Africa’s third largest distributor of consumer goods, today announced solid results for the period ending 28 June 2009, achieved against a backdrop of extreme currency volatility and negative real retail sales growth.
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Shoprite FY profit up, sees “challenging” new year
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SOUTH Africa’s biggest grocer, Shoprite Holdings Ltd, reported a rise in full year profit today, but said it expected trading conditions in the new year to be challenging. The company, which runs the Shoprite and Checkers supermarkets, said diluted headline earnings per share for the year to end June jumped 30,9% to 390,8 cents, in line with its own forecast of a 25-35% rise.
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Pick n Pay takes trade to townships
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Pick n Pay's franchising strategy could prove to be a winning formula for the food retailer in its effort to penetrate mass markets, particularly the Soweto market where its competitor, Shoprite, has been operating since 2000.
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Retail rally at risk
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Johannesburg - Retailers are experiencing wretched conditions, judging from the latest statistics, although the sector is one of the best performers on the JSE.
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Makro staff back at work
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Johannesburg - Makro staff returned to work on Wednesday following a wage settlement dispute declared earlier by the South Africa Commercial, Catering and Allied Workers' Union (Saccawu).
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Malls, shops draw up plan against crime
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Retailers and shopping centre managements, hard hit by the recent spate of attacks on shopping malls, have drawn up a list of security measures to be employed in all centres. It is to be refined and then distributed in the retail community.
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More Massmart workers to strike
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Union workers at Game and Dion stores are expected to join their Makro colleagues on a strike from Monday, the SA Commercial, Catering and Allied Workers' Union (Saccawu) said on Friday.
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Trade sales remain negative
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Wholesale trade sales at constant (2000) prices for June dropped by -9.9% year-on-year (y/y) after declining -10.9% in May, Statistics South Africa data showed on Thursday.
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Shoprite to defy tough conditions
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Africa's biggest grocer, Shoprite Holdings Ltd, expects to report a 25%-35% rise in fully diluted headline earnings per share for the year to end June, it said on Wednesday.
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'The corner pharmacy is dead'
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Johannesburg - Branded goods distribution businesses, specifically in the healthcare sector, must learn to compete against the giant retailers such as Dischem and Clicks to survive, said Mike Allan, CEO of AltX-listed branded goods company Bioscience Brands.
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Edcon's R1bn deal sparks hope
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Absa Capital, the investment banking division of Absa Bank, announced on Tuesday that it had raised R1.0bn for Edcon in the largest securitisation deal in the South African market since August 2008.
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Massmart downgraded again
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Massmart Holdings, South Africa's largest food and goods wholesaler, was downgraded to hold from buy at Investec yesterday, the third time the rating has been cut in the past month.
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Competition authority 'is a hammer seeking a nail'
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A "hammer looking for a nail" was how the Consumer Goods Council of SA (CGCSA) described the Competition Commission with its investigation into possible anti-competitive behaviour of the country's five major retail groups, which formally began last week.
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Famous Brands deputy in trouble
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Famous Brands deputy chairman John Halamandres may have contravened JSE rules by selling shares minutes before the company announced an acquisition.
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Option choice for retail backers
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The JSE on Monday launched equity options for retail investors.An option is a financial instrument that offers the purchaser the right but not the obligation to buy or sell an asset at a predetermined price at or before a certain date in the future, the JSE said.
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Famous grabs a cup of Mugg & Bean
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Listed fast food franchisor Famous Brands has bought the South African and African business of coffee-house Mugg & Bean for a cash consideration of R104 million, it said on Monday.
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Woolies shows signs of recovery
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Johannesburg - South African food and clothing retailer Woolworths expects to report a 30%-40% rise in earnings per share boosted by a one-off profit and sales in the fourth quarter showed signs of recovery.
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Massmart’s ethics show in performance
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IN Tuesday’s column I briefly mentioned that Massmart ’s share price had fallen after its disappointing trading update for the year ended June 30 .This comment preceded my view that share prices of retailers in general had not appeared to be affected by the Competition’s Commission investigation into anticompetitive practice in the retail sector.
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Massmart strike 'unavoidable'
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Only a miracle could stop the industrial action planned to start on Friday against Massmart Holdings' Makro, Game and Dion stores, the SA Commercial, Catering and Allied Workers Union (Saccawu) said yesterday.
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Massmart: Downgrades fell share prices
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Massmart Holdings had its biggest fall in more than three months on Friday, after RMB Morgan Stanley Research and Deutsche Bank downgraded the food and goods wholesaler.
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Retailers rapped for slow BEE deals
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Analysts last week attacked the retail industry for dragging its feet on empowerment because they were not under direct pressure from the government as their main customer was the man on the street.
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Unholy contracts must go
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The reason there is often no butcher, baker or greengrocer in shopping malls is because the supermarket chains curtail the space they are allowed or simply won't allow them to be there.
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Retail investors have ‘missed the boat’
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SOUTH African retail investors remain largely invested in cash-biased portfolios but are slowly beginning to regain confidence in equities in light of the recent improvement in stock markets and falling returns from cash-biased investments.
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The great food price rip-off
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South Africans are paying up to 30% too much for some essential foods - because of greed, dominance and waste at major companies.
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Shoprite pleases market
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Johannesburg - Food and household goods retailer Shoprite impressed analysts with a solid increase in turnover and sales volumes during the past financial year.
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Massmart 52-week sales up
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Massmart Holdings reported on Wednesday, 8 July 2009, that total sales for the 52-week period to June 28 2009 increased to R43.1 billion, a growth of 10.4% over the prior year's 52-week period, with inflation estimated at 11.4%.
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Supermarkets 'must confess'
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The Competition Commission hopes this week to start talking to retail groups about the abuse of market strength and food price-fixing.
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Two pending strikes against Massmart group
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The South African Commercial, Catering and Allied Workers' Union (Saccawu) on Monday, 6 July 2009, said that after negotiations with the management of Makro deadlocked, it was preparing for industrial action.
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Online shopping for the credit card-less
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There is general growth in South African e-commerce, and online stores are set to benefit from the new users entering the market. That said, the pool of online users is still relatively small, and to make matters worse, of those who do have access to the internet, only 18% actually make purchases online. However, proudly South African virtual cash equivalent MiMoney is changing that by giving credit card-less individuals the ability to make purchases online.
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Woolworths should say eggsactly what it means
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Woolworths has always prided itself on leading the local pack of supermarket retailers when it comes to embracing all things green and good. But now it's being henpecked over an ethical inconsistency to do with its eggs.
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Woolworths suffers forex loss
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Johannesburg - Retail group Woolworths (WHL) on Wednesday said a non-cash, unrealised foreign exchange loss of R79m would be recognised in the income statement for the year ended June 30 2009.
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Food democracy gets a boost from Woolworths
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Food democracy, the growing trend whereby consumers are flexing their muscles and influencing decisions made by big food retailers and producers, is finding a foothold in South Africa.
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New Clicks: Odd lot offer implemented
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The odd lot offer to Clicks shareholders that held less than 100 ordinary shares in Clicks on Friday had been implemented, JSE-listed New Clicks advised shareholders yesterday.
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New Clicks: Odd lot offer implemented
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The odd lot offer to Clicks shareholders that held less than 100 ordinary shares in Clicks on Friday had been implemented, JSE-listed New Clicks advised shareholders yesterday.
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New PnP board appointed
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Retail group Pick n Pay has announced the appointment of Richard van Rensburg as an independent non-executive director and Suzanne Ackerman-Berman and Jonathan Ackerman as alternate directors of the group.
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Spar 'has nothing to hide'
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Supermarket group Spar has "nothing to hide," it said on Monday.
This followed an announcement from the Competition Commission that it had initiated an investigation into major South African supermarket chains for possible contraventions of the Competition Act.
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All change at Clicks
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Johannesburg - JSE-listed New Clicks Holdings changed both its name and sector on Monday - the latter to Clicks Group Limited, and the former from general retailer to food and drug retailer.
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Retailers lag on empowerment - survey
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The number of privately held businesses in South Africa that support black economic empowerment (BEE) is falling, according to an annual survey by international accounting firm Grant Thornton.
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Far-reaching legal changes for franchises
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Owners of franchise businesses who failed to comply with the Consumer Protection Act could end up facing fines of up to R1m when the act became active in October next year, Simone Monty, a director of Routledge Modise in association with Eversheds, said in Johannesburg last week.
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Pick n Pay to outearn inflation
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Pick n Pay expected full-year revenue growth to be higher than the country's inflation rate this year, the food retailer said last week.
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Pick n Pay sick of food price claims
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Pick n Pay chairman Raymond Ackerman said he was sick and tired of the criticism levelled against supermarkets by the National Agricultural Marketing Council (NAMC) and pointed to the group's shrinking profit margins to prove it had not been involved in any collusion to push up prices.
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Pick n Pay claims 50% of Soweto
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Cape Town - Supermarket giant Pick n Pay was heading towards a 50% market share in Soweto, CEO Nick Badminton told shareholders at an annual general meeting on Friday.
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Supermarket shelf shock
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The National Agricultural Marketing Council has urged the competition commission to conduct a full-scale investigation into SA's big four supermarket chains for abuse of "market power", particularly in their dealings with the suppliers of food products.
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Retailers 'do not coin money'
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South African retailers do not make excessive profits and will exert even more pressure on suppliers to keep prices low, said an analyst.
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Stuttafords to reduce outlets
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The project is part of its big departmental store strategy to be carried out over the next three years to position Stuttafords as a leading retailer selling internationally branded products.
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Selling luxury by invite only
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South African shoppers may be holding on to their purses as recession bites, but this hasn't stopped Arnd Herrmann from starting an online shop selling luxury branded goods.
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Save by shopping online
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Consumers are turning to the Internet to cut shopping costs. This is according to a study by the consumer division of Neotel, the second national fixed-line telecoms network operator.
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New Freshstop shops on cards
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Chevron South Africa and retailer Fruit & Veg City yesterday announced a 10-year strategic alliance to roll out Freshstop convenience stores across a national network of Caltex service stations.
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Customers flock to new Edcon shops
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Edcon, which has been delisted following its acquisition by Bain Capital, had acquired more customers buying on credit after opening 92 new stores, lifting the total number of stores to 1 233, the retail chain said yesterday.
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Retailers: 'Investigate us'
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Johannesburg - Retailing giants Pick n Pay and Shoprite said on Tuesday they will welcome any investigation into uncompetitive behaviour in South Africa's food chain.
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Massmart deal blocked
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Johannesburg - South Africa's Competition Commission has recommended to the Competition Tribunal that the proposed merger between Masscash Holdings and Finro Enterprises, trading as Finro Cash & Carry, be prohibited.
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Famous Brands pricing policy hits margins
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CASUAL dining group Famous Brands took pressure on its margins in the year to February as it held back from passing on higher prices to keep feet coming through its doors.
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Retail in his blood
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Johannesburg - Robin Wainwright of Fruit & Veg City Food Lovers Market is the winner of the Franchising Association of South Africa's (Fasa's) best entrepreneur award.
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Massmart total sales up 11.8% to R36.7bn
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South African wholesaler Massmart said on Tuesday, 12 May 2009, that for the 44 weeks to 3 May total sales increased 11.8% to R36.7 billion over the prior period, and comparable store sales grew 9.7%. Inflation for the period is estimated at 11.8%.
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Weak outlook for SA retailers
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Fitch Ratings says the outlook for South Africa's retail sector remains weak as the economy continues to contract in 2009. Fitch believes a sustained recovery for the broad retail sector is unlikely before 2010.
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Spar braces for pressure on turnover
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FOOD retailer Spar expects pressure on turnover in the second half with consumer spending still soft.CEO Wayne Hook said yesterday inflation was coming off, but this was not likely to translate immediately into volume growth.
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Spar makes the most of tough times
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Despite the current economic turmoil and consumers' shrinking disposable income, the Spar Group performed well, the listed grocery distributor said on Tuesday.
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New Clicks - name change on table again
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Shareholders in New Clicks Holdings will be asked on May 29 to approve a return to the company's old name of Clicks on June 22, when the company moves from the general retailers sector to the food and drug retailers sector on the JSE.
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Spar - 22% profit increase on the cards
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Despite the economic downturn and credit squeeze, Spar expects its operating profit and interim headline earnings a share will be up to 22 percent higher than at the same time last year, according to a report the supermarket group released yesterday. Spar could not comment further, as it was in the closed period before announcing its interim results next week.
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Retailers raise food prices
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Retailers have defended themselves against claims that they have not passed on the benefits of lower producer prices to consumers, but experts said South Africans are being held to ransom by the stores.
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Steel price spike hurts food suppliers
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Food retailer Pick n Pay said yesterday it would back any of its suppliers who wanted to lodge a complaint with the competition authorities over the recent steep hike in steel prices.
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Pick n Pay flies on results
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Johannesburg - Shares in food retailer Pick n Pay jumped almost 7% on Thursday after the company said its headline profits rose 18.1% to 230.6c/share for the year to end-February 2009. The shares closed 195c, or 6.71%, higher at 3 100c.
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Pick n Pay boss: Support Zuma
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In anticipation of the election results, Pick n Pay Group chairperson Raymond Ackerman said that South Africans should abandon their cynicism and support "whoever is elected president".
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Working together on going green
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A TRIPARTITE alliance between retailers, consumers and packaging manufacturers has a role to play in developing environmentally friendly packaging.
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CGCSA announces new board appointments
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The Consumer Goods Council SA is pleased to announce the appointment of Mncane Mthunzi as its new Chief Executive Officer. Mthunzi will be taking over the new role with effect from 1 June 2009.
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Retail sales decrease in February
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RETAIL sales decreased in February, Statistics SA said today. Sales dipped an annual 4.5 percent compared with a revised 1,2% gain in January, the Pretoria-based agency said. February’s decrease came in spite of rate cuts by the SA Reserve Bank to encourage consumer spending. "Rate cuts may have added an initial boost but as confidence has deteriorated and as workers have been retrenched, this downward trend is likely to continue," said Nedbank economist Carmen Altenkirch.
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Strike hits suppliers
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The current road freight sector strike is affecting several of the Shoprite Group's suppliers, the retailer said on Wednesday.
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NGO criticises Shoprite
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Food and furniture retailer the Shoprite Group has been rapped on the knuckles by nongovernmental organisation Bench Marks Foundation for running outlets that do not give back to the local economy.
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Not on the list? The truth about impulse buying
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For years, retailers and manufacturers of consumer products have taken for granted the notion that attractive presentation and a bit of whimsy profoundly influence most shoppers’ purchasing decisions.
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Transport strike could threaten food supplies
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An indefinite strike by members of SA's four major transport unions was likely to cripple SA's biggest food chain store, Kevin Korb, director of food merchandise at Pick n Pay, said yesterday, 13 April 2009.
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Smaller malls feel the pinch
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Smaller community and neighbourhood shopping centres are feeling the economic pinch much more than regional shopping centres due to their tenant mix.
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Game wins national award for AmaLunchbox campaign
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Game Stores was awarded a silver medal in the corporate social responsibility category of the 2009 PRISA PRISM Awards for excellence in public relations and communication management by the Public Relations Institute of South Africa (PRISA) at Silverstar Casino in Krugersdorp on March 31.
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PMI falls to 36,0 in March Reuters
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PURCHASING managers index (PMI)dropped to a record low of 36,0 in March on a seasonally adjusted basis from 39,2 in February, sponsor Investec said today.
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Massmart eyes 'difficult' 2010
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Massmart Holdings, Africa's third-biggest retailer, may face shrinking profit margins in fiscal 2010 as food inflation slows and sales growth will likely deteriorate before any improvement, its CEO said.
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Mall profits under pressure
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Johannesburg - Investors are no longer making big bucks on shopping centres, with total returns for retail property down to a level last seen in 2002. This is according to the SAPOA/IPD SA Property Index released on Tuesday.
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Woolworths gears up for 2010 with its Winter 2009 marketing campaign
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With about 15 months to go until the start of the 2010 soccer world cup, Woolworths has designed a marketing campaign for Winter 2009 aimed at reminding South Africans of all the reasons there are to believe in ourselves and to remember what we can accomplish when we put our minds to it.
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Toy, luxury stores ordering for 2009 with caution
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Determined not to repeat last year's holiday season, when US retailers amassed so much stock they offered rampant discounts to clear it out, stores are leaning toward more practical and lower-priced items.
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Ackerman still has ambitions to fulfil
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AT FIRST glance, Raymond Ackerman doesn’t look like the sort of chap who would follow you home. But he’s bound to tell his driver to “follow that car” if it’s full of Shoprite bags.The Pick n Pay founder is so passionate about his brand that he has followed housewives in a bid to change their minds about where they shop, and during our interview he served only house biscuits while sharing his ups and downs.
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Online shoppers on the up
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Online retailers dealing with discretionary items are suffering from the muted economic climate - but the overall online retail market is growing, albeit at a slower pace.
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Retail giant's green energy solution
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Pick n Pay has launched a new phase in its effort to achieve energy independence with a small "wind farm" in the heart of Port Elizabeth.The stars of the show, three 12-metre e300 Kestrel turbines built at Eveready's Port Elizabeth factory, were operating at top speed in Wednesday's howling south-westerly.
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On a shopping spree
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Independent retailers generate half the sales in SA's R250bn grocery market and service three-quarters of the population. "Only a quarter of the population is serviced by the formal sector," says Massmart CEO Grant Pattison. "And the lower-end consumer is still in good shape, though this may change."
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Cashbuild adds 456 jobs as it defies contraction
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Low-income building materials retailer Cashbuild added 456 jobs in the year to December, the group said yesterday, after announcing that buoyant sales growth had continued in the eight weeks since then.
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Pick n Pay leads the way in renewable energy sources
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Pick n Pay’s conservation commitment is a 20% reduction in electricity usage by 2012, and the retailer is today launching the pilot phase of a wind turbine project at their regional offices in Port Elizabeth in the Eastern Cape, in a further commitment to this goal.
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SA goods hit shelves in Zimbabwe shops
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Zimbabwe’s manufacturers are being undermined by a wave of foreign products being dumped in their back yard — particularly from South Africa — as “dollarisation” of the economy opens up a supply chain into the battered country.
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Supermarket prices 'soaring'
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Cape Town - Supermarket prices are continuing to soar despite recent drops in the fuel price, according to trade union Solidarity.
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Pick n Pay pinched at top end
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Interim food retail results from Shoprite and Woolworths this week have shown a change in momentum in the jostling to attract higher-income earners, leading to speculation on how Pick n Pay's strategy to claw back its share of this market is faring.
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Woolies food chain keeps its eye on quality
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Woolworths' premium food chain faced a challenge to manage the demands of increasingly price-conscious consumers in the depressed economy, but would stick to its "quality" product offering, chief executive Simon Susman said yesterday.
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Shoprite wants half its revenue from Africa
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AFRICA’s largest retailer, Shoprite, said yesterday it would continue to invest in Africa for future growth despite concerns over the continent’s reliance on mineral wealth, as it aimed to split its revenue sources evenly between SA and the rest of Africa.
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Retail sales fall better than expected
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RETAIL sales declined less than expected in December in their best performance in eight months, lessening expectations for an emergency meeting to cut interest rates.
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Shoprite profits fly
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Johannesburg - Trading profit at food retailer Shoprite has risen by almost 40% as its supermarket chains attract price-sensitive consumers.
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Shoppers look for ‘rewards'
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An increasing number of cash-strapped consumers is seeing value in making use of loyalty reward programmes offered by retailers.
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Organic sales stay strong
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The global market for organic food and beverages has more than doubled in five years, and even with the current world financial crisis is still growing. Market research firm The Nielsen Co. notes that most people who purchase organic foods are very committed.
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UBS tempers exuberance over imminent recovery in retail
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UBS has cautioned against exuberance about a recovery at furniture and clothing retailers, saying that history showed that the bottom of the sector's profit cycle lagged the start of interest rate cuts by up to three years.
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Shoprite’s move into Africa pays dividends
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THE expansion of Africa’s largest retailer, Shoprite, into the continent is paying off as it said yesterday it expected earnings to improve at least 35% in the six months to December.
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Shoprite sees higher earnings
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Shoprite Holdings expects to report a 35-45% jump in earnings per share and headline earnings per share, the retailer said today.
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Retail sales set to stagnate as growth falters
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Retail sales in the semi-durable and durable sector are not expected to pick up meaningfully before the first quarter of next year, when cumulative rate decreases should really be felt by cash-strapped consumers.
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Massmart achieves Level Five BBBEE rating
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Massmart Holdings has achieved a Level Five Broad Based Black Economic Empowerment (BBBEE) contributor status from ratings agency Empowerdex, following a comprehensive audit of the Group’s BBBEE performance.
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Woolworths cuts prices of food
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In what one analyst described as a move prompted by loss of market share, Woolworths announced yesterday that it had reduced the prices of 245 food lines, with sunflower oil getting the largest cut — 29%.
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Pick n Pay suppliers in food prices blame game
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Pick n Pay’s suppliers — under pressure from the retailer to curb price increases for foodstuffs — yesterday in turn blamed their own suppliers for high prices, suggesting that monopolistic practices were the real culprits behind stubbornly high food prices.
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New Clicks delists 21.5 million ordinary shares
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Retailer New Clicks (NCL) reported on Wednesday, 4 February 2009, that it has cancelled and delisted 21.5 million ordinary shares, but that this would have no financial impact on headline earnings per share.
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Outcome of the meeting held between Pick n Pay and its major suppliers on food pricing
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“The meeting was both constructive and engaging. It gave us an opportunity to illustrate to our suppliers the intense consumer pressure we are facing and at the same time, gave them an opportunity to provide a good insight into what is currently driving food prices, although these differ widely from product to product and category to category.
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Pick n Pay price move welcomed
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Johannesburg - KwaZulu-Natal agriculture MEC Mtholephi Mthimkhulu has commended Pick n Pay for organising a meeting to discuss the issue of high food prices.
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Shoprite takes lead on costs
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FOOD and furniture retailer Shoprite, which has boasted of its commitment to put R27m in fuel savings back into consumers’ pockets, is not the only retailer passing on savings.
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Inflation to take shine off grocers
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Cape Town - Supermarket groups would lose some of their shine as food inflation came down this year, but nervous investors were expected to hold on to their shares in grocers because of the earnings certainty they provided, analysts said this week.
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Settlement drains Wooltru
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Retailer Wooltru announced on Wednesday that it's interim results for the six-month period ended 31 December 2008 are expected to show a loss of 0.3 cents per share for both earnings and headline earnings compared to a profit of 0.3 cents per share for both earnings and headline earnings a year earlier.
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Woolies earnings seen 8% - 13% higher
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Woolworths expects headline earnings per share (HEPS) for the interim period ended December to be between 8% and 13% higher than the same time a year ago, it said on Tuesday, 20 January 2009.
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November retail sales slide further
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Growth in retail sales fell further in November, Statistics South Africa said on Wednesday, indicating continued strain in consumption activity.
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Green is the new black at Pick n Pay
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In Pick n Pay’s latest initiative to reduce use of plastic bags, the company once again called on consumers to switch to more sustainable shopping bags. In the interests of the environment, as well as fun and fashion, Pick n Pay launched a web-based design competition in November last year, and invited budding designers to submit designs for a new and stylish eco-friendly Pick n Pay bag.
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Clicks' festive trading 'robust'
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Festive trading was 'robust' at New Clicks Holdings flagship Clicks stores, the retail group said on Monday in a trading update for the four months ended December 2008.During the period under review, retail sales increased by 11.1 percent.
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Woolworths embraces the future of IT
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Woolworths is implementing a range of measures to minimise the impact that its information technology (IT) products and equipment have on the environment. I
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Luxury goods sales drop
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THE sales of luxury goods and jewellery have dropped, Cie. Financiere Richemont SA said today in a management statement for the three months ended December 31, 2008.
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Shoprite's turnover races 27% higher
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Cape Town - Shoprite's first-half turnover powered ahead by 27.3 percent to nearly R30 billion as its positioning at the bottom end of the market continued to help it defy the downturn, analysts said yesterday.
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US group votes Pick 'n Pay tops
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Pick n Pay has been voted the world's best retailer by international retail organisation, the National Retail Federation.The American-based NRF made the announcement at their annual convention and EXPO in New York and NRF president and chief executive officer, Tracy Mullin, presented the award to Pick 'n Pay boss Nick Badminton during an international retail industry function in New York on Tuesday.
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Shrinking income will lead to vacancies in malls
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Cape Town - The contraction in disposable income would lead to a rise in vacancies in shopping malls and high streets, Jonathan Yach, the managing director of Colliers International Western Cape, said last week.
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Resilient consumers amaze retailers
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Retailers Pick n Pay and Massmart yesterday issued separate upbeat trading updates, with Pick n Pay saying it had been amazed at the resilience of cash-strapped customers who splurged on quality electronic gifts and food.
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Pick n Pay upbeat about profit
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Johannesburg - South African supermarket group Pick n Pay said on Thursday 15% full-year headline earnings per share growth was not impossible and that Christmas sales beat expectations thanks to food price inflation.
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Festive spending wilts as fear of future bites
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Cape Town - Consumers cut discretionary Christmas purchases and many chose to stay at home over the festive season as they braced themselves for a tough year, retailers and analysts have said.
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SA 'spending more wisely'
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Johannesburg - South Africans may have less money at their disposal for the nice-to-haves, but that hasn't stopped them from giving their loved ones gifts and stocking up for a good time over the festive season.
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Retailers feeling the pinch
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The slowdown in spending is hurting retailers around the world this Christmas, which means shopping centre rentals are likely to come under pressure.
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M&R, Aveng make way for Pick n Pay and Growthpoint
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Pretoria - South Africa's two largest construction groups, Murray & Roberts (M&R) and Aveng, have been removed from the Top40 index following a decline in their market capitalisation after their share prices slumped.
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Going cheap
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Aggressive pricing and pre-Christmas markdowns are the ways that retailers are hoping to survive what is likely to be a tough Christmas period.
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Farewell plastic bags
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On the face of it, plastic bags and dinosaurs don't have much in common. But they soon will, thanks to Pick n Pay, who through a series of exciting and accessible initiatives, plans to relegate plastic bags to the same status as T-Rex.
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Shoprite extends travel services
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In its bid to continuously find innovative ways in which to provide its customers with value-added offerings that cost them less, the Shoprite group has, right on time for the holiday season, extended its travel service with the introduction of bookings for holiday packages, hotels and flight tickets from all local airlines, available from its Computicket facility in-store and online.
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Wholesaler faces strike
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Massmart Holdings, South Africa’s largest food and goods wholesaler, faced a strike at its Makro chain over changes to working hours, the SA Commercial, Catering and Allied Workers’ Union said yesterday.
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BP and PnP Launch Convenience Store
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The new partnership between BP and Pick n Pay materialised when the first Pick n Pay Express store was opened at a BP service station in Hout Bay, Western Cape, yesterday.
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Strike could ruin retailers
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The supply of food and clothes to retailers could grind to a halt early next year if a strike by 60000 road freight industry workers goes ahead.
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Retailers expect a bleak Xmas
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Johannesburg - Less than half of South African retailers polled in a survey think conditions for better sales over the festive seasons are satisfactory, with sales expectations being the second-lowest since 1992.
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Saccawu wins Woolworths recognition
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The SA Commercial Catering and Allied Workers’ Union (Saccawu) emerged victorious after a joint membership verification process with Woolworths, which showed that the union has 30.29percent membership compared with less than 15percent in November 2007.
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Pick n Pay weathers financial crisis well
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Cape Town - Fitch had affirmed Pick n Pay's credit rating, noting the "defensive nature of the food retail business" and highlighting the group's consistent sales growth, the ratings agency said last week.
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Rand volatility not a worry for Edcon Holdings
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Edcon Holdings' operating cash flows and borrowing facilities remained "more than sufficient" to service its off-shore debt and other cash needs for the "foreseeable future", the private equity-owned retailer said yesterday.
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Acsa gets King Shaka retail bids rolling
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Durban - Airports Company South Africa (Acsa) will begin as early as next week to call for bids from potential retail suppliers, which will occupy the 6 445m2 space at the new King Shaka International Airport.
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Spar bullish on dividends with profit up 30%
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Cape Town - Spar had introduced a more expansive dividend policy and store owners would add another 5 percent trading space, the grocery distribution group said in an upbeat results presentation yesterday.
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Retail sales to remain in doldrums
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Retail sales in South Africa are likely to remain in the doldrums in the months to come given a generally challenging economic and financial environment, says Standard Bank group economics in a research note today.
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Liquor outlets warned
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Vaal police on Thursday warned Gauteng liquor store owners to trade within the law.
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More success in store
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New Clicks' management team has reached an important milestone in the turnaround of the business: the group's return on equity (ROE) increased from 24.7% to 32.8%, easily above the 30% target set for this year.
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Avusa awards for retailers
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Gauteng's top retailers were honoured last night at the inaugural annual Retail Awards ceremony at Constitution Hill in Johannesburg.
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Shoprite's sales grow 26% thanks to inflation
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Shoprite sales in the quarter to September were up 25.9 percent as it sold more groceries and was helped by a doubling in internal food inflation, the supermarket group said yesterday.
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Woolworths making a big difference in South African schools
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For the past 9 years, Woolworths has been the major retail partner in MySchool, an innovative social investment programme that involves consumers in raising much-needed funds for South African schools. In late 2007 the South African retailer announced that they were widening the reach of this successful programme to include selected charities and environmental organisations with the launch of MyVillage and MyPlanet.
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Woolies, union at CCMA
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The five-week long strike by the South African Commercial Catering and Allied Workers' Union against Woolworths is about to end.
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Game improves shopping experience with interactive stores
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Mass Discounters has launched its Gameactive in-store brand-building promotional service for Game stores around the country. It aims to help companies promote their products in Game stores and simultaneously give customers one-on-one assistance with all products.
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Shoprite reports strong turnover growth in first quarter
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In the three months to end September the Shoprite Group continued to grow turnover satisfactorily. Total sales increased by 25,9%, identical to the rate of growth recorded in the same period last year. This enabled the group to grow market share in South Africa by 1,5%.
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'Theatre of food' opens in Edenvale
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Fruit & Veg City¹s exciting concept in food retail has come to Edenvale with the opening of the new Food Lover¹s Market store on 23 October.
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Woolworths reaches another milestone with the opening of its 400th store
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The opening of the new Woolworths Wonderboom Junction on 23 October marks another important milestone for South Africa’s leading quality retailer. The store, in Annlin Ext 43, Pretoria, is Woolworths 400th and opens just one week shy of 77 years after the first Woolworths store opened in Cape Town on 30 October 1931.
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Woolies strike ends
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South African Commercial Catering and Allied Workers Union and Woolworths have agreed to end the strike that had lasted four weeks.
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Ackerman is a step closer to fuel retailing
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The new ANC leadership had expressed "a certain amount of interest" in loosening control of petrol prices, Raymond Ackerman, the executive chairman of Pick n Pay, said yesterday, after moving a step closer to fulfilling his 33-year dream to become a national fuel retailer.
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Pick n Pay shows good performance at the half year
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Turnover for the Pick n Pay group for the six months ended 31 August 2008 increased 16.4% to R23.6 billion. Trading profit grew 16.7% with the trading profit margin remaining at 2.9% for the six months.
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Pick n Pay, BP announce partnership in pilot scheme
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South Africa’s leading food retailer, Pick n Pay, and leading petroleum company, BP, have combined forces in a pilot programme set to change the face of petroleum retailing and convenience shopping in South Africa.
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Woolworths spread wings at OR Tambo
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In response to passenger demand, Airports Company SA (Acsa) will early next year open a fully fledged Woolworths store at OR Tambo International Airport.
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Slump good for franshising?
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Johannesburg - The franchise sector may be an unlikely beneficiary of the economic downturn, says one expert.
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Woolworths strike talks stall on union verification
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Negotiations have stalled between retail giant Woolworths and the South African Commercial, Catering and Allied Workers' Union (Saccawu) due to conflicting views on theduration of verifying the number of workers belonging to the union.
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Woolworths proposes solution
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Retailer Woolworths has proposed that the South African Commercial, Catering and Allied Workers' Union (Saccawu) show the representation it claims through an agreed process, it said on Thursday.
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PnP profit 15% to 20% higher
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Johannesburg - Grocer retailer Pick n Pay (PIK) expects diluted headline earnings per share from continuing operations for the six months ended August to be between 15% and 25% higher than the same period last year, it said on Tuesday.
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Woolworths granted interdict by labout court
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The Labour Court on Friday granted retail giant Woolworths an interdict after the South African Commercial, Catering and Allied Workers' Union (Saccawu) breached picketing rules.
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Just for mums and the little people (and the oldies too)
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Woolworths has launched an extension to its successful ‘world of difference' loyalty program aimed specifically at mothers-to-be and parents (and grandparents) of under 7s. ‘littleworld' offers all the benefits of membership in the ‘world of difference' along with special benefits just for moms and moms-to-be, from expert advice to pampering gifts.
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Supermarket reaps benefits from electronic shelf labelling
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MCC SUPERSPAR, one of the leading supermarkets in Klerksdorp, has reported multiple benefits, including reduced costs, since the introducing Pricer's electronic shelf labelling system, supplied and installed by XON company Skydirect in February this year.
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Pre-festive revamp at Taste
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FRANCHISE group Taste Holdings will revamp five stores and open 10 new stores in the second half-year before the Christmas spending season begins.
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New Clicks Holdings Limited - Trading Statement
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New Clicks’ shareholders are advised that the group’s diluted headline earnings per share for the year ended 31 August 2008 is expected to be between 25% and 30% higher than the previous financial year.
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Chief's pay falls as profit declines
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Woolworths chief executive Simon Susman's pay fell by 15 percent in the last financial year as profit declined, the clothing retailer said yesterday.
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New Clicks fights beast with beauty
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Cape Town - New Clicks expected steady annual earnings growth as it continued to benefit from the defensive beauty category in the economic downturn, the retailer said yesterday.
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Busa to intervene in Woolworths dispute
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Business Unity South Africa (Busa) will try to help resolve the dispute between Woolworths and the South African Commercial, Catering and Allied Workers' Union (Saccawu), the union said on Friday.
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Shoprite buys land for growth in Africa
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Cape Town - Shoprite has bought land in Nigeria, Angola and the Democratic Republic of Congo as store expansion outside South Africa was hamstrung by a shortage of malls, the retailer says in its 2008 annual report.
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Absa gets Woolworths Financial Services
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Woolworths advised its shareholders today that all the conditions precedent relating to the acquisition by Absa of 50% plus one share of the issued ordinary share capital of Woolworths Financial Services have now been fulfilled.
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Unions vows to target CCMA and Woolworths
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The Commission for Conciliation, Mediation and Arbitration was reluctant to exercise its powers in its dispute with Woolworths, the South African Commercial, Catering and Allied Workers' Union (Saccawu) said on Tuesday.
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Real retail sales fall by annual 4.6%
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Real retail sales fell 4.6 percent year on year in July, the worst performance in more than five years, Statistics SA said on Tuesday.In the three months to July real sales, which strip out inflation, were down 3.4 percent, the official statistics agency said. Sales including inflation were up 11 percent over the same period.
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Woolworths takes action to enforce picketing rules
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Woolworths had no alternative but to obtain an interdict yesterday against the South African Commercial, Catering and Allied Workers' Union (Saccawu) for deliberately breaking the picketing rules agreed at the CCMA.
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Shoprite shares jump 9%
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Johannesburg - Retailer Shoprite jumped more than 9% on Monday after it joined the JSE Top-40 following a rejig of the blue-chip index.
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Pick n Pay to test small-shop format
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Cape Town - Pick n Pay is opening a small-format store today as part of its renewed bid to entice suburban convenience shoppers away from rivals Spar and Woolworths.
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Woolworths protest to go on, says union
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Saccawu members will continue striking at Woolworths, the union said on Monday."Workers unanimously resolved to continue with the strike until a satisfactory response from the company," the SA Commercial Catering and Allied Workers Union said in a statement.
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Pick n Pay launches new store format
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Small is the new big, as Pick n Pay opens the first of its new format Daily stores. The first store, opening at the “Worldwear Centre”, on Beyers Naude Drive in Fairland, Johannesburg, on 23 September, is the result of extensive consumer research and examination of big retailers around the world, most of which have a convenience store format.
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Metropolitan’s Cover2go and Shoprite Unveil Cash-Back Funeral Insurance
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Metropolitan Cover2go, a division of Metropolitan, has created a product that practically addresses the ongoing challenge of universal access and financial empowerment in the form of the Cashback Funeral Policy from Metropolitan Cover2go. The policy pays customers all their premiums back if there is no claim on the life of the policy owner within the five-year term of the policy. It’s the easiest funeral cover yet, available exclusively at Shoprite supermarkets nationwide.
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PnP workers get R410 increase
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Johannesburg - Pick n Pay and the South African Commercial, Catering and Allied Workers Union (Saccawu) have reached agreement on a two-year remuneration deal, following recent wage negotiations.
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Woolworths to face five-day strike
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Workers at South African retailer Woolworths will embark on a nationwide strike for five days from Wednesday, demanding union recognition, the union and company said today, Tuesday 16 September.
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Woolies workers 'don't want union'
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Listed retailer Woolworths maintains that a vast majority of its employees do not wish to belong to a union, the Woolworths press office said on Tuesday.
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Woolies: Strike impact minimal
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Johannesburg - Retailer Woolworths said on Friday that the impact of the strike at its Cape Town stores is minimal and that all its stores are open.
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Cheaper broadband to give online retailers hope
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Running a business on the Internet in South Africa is looking increasingly promising, with the cost of broadband access expected to become more affordable with the laying of new undersea cables and the recent shake-up in network licensing by the Independent Communications Authority of SA, the telecoms regulator.
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New emporium devoted to food-lovers
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New hospitality development, Epicurean Food Emporium, is set to launch in late 2008. This universal concept is a first for South Africa, Cape Town, and aims to set a new benchmark in the food hospitality and retail market.
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Osizweni Score converts to PnP family store
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Graduate of the Pick n Pay Retail Academy, Mlungisi Maziya, and PnP veteran Conrad Thatcher, who started his career with the retail group in Newcastle 20 years ago, have joined forces to own and manage the group's first family franchise store in Osizweni, KwaZulu-Natal.
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Mr Price expands home store footprint
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Mr Price was continuing to grow its overall Mr Price Home store footprint, despite closing some unprofitable stores, joint managing director Steve Ellis said yesterday.
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Shoprite could list fund to expand in Nigeria
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Shoprite could list a pan-African property fund to raise capital for expansion in oil-rich Nigeria, where a shortage of retail properties was holding back store openings, analysts said last week.
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Organic consumers drive the new world marketplace
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The boom of the natural and organic industry worldwide signals a huge shift in marketing and manufacturing. Big brands - products and stores traditionally don't really embrace change; most prefer to tweak existing models with a percentage move to the left or right. They prefer to implement a new PR spin or design an “improved” package. Those days are over!
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Massmart exec leaves SA
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Johannesburg - The managing director of Massmart's Builders Warehouse, Aubrey Cimring, is leaving the company to relocate to Canada.
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PnP braces for another strike
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Johannesburg - Workers at retailer Pick n Pay (PIK) have applied for a strike after the last round of wage talks - under the auspices of the CCMA - deadlocked, union leaders said on Thursday.
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Usave's 1000 stores no threat - Shoprite
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Comparable annual sales at Shoprite Holdings' Usave chain were up 30.5 percent, indicating that the group could stomach 1 000 of the no-frills stores without eating into its core Shoprite chain, chief executive Whitey Basson said yesterday.
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A fresh breeze for Fruit & Veg City
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During the course of next week, Fruit & Veg City will be flighting their new television commercial, the first in their history to focus exclusively on the Fruit & Veg City brand. The commercial is part of a wider campaign which aims to position Fruit & Veg City as the leading fresh produce chain in the country with regards to value for money, as well as the quality of food on offer.
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Shoprite: Food prices easing
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Johannesburg - Whitey Basson, the CE of food and furniture retailer Shoprite Holdings, expects food inflation to fall into single-digit territory in 2009.
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Shoprite is reaping rewards: Basson
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Johannesburg - Shoprite's turnover grew 22.3 percent and trading profit was 43.7 percent higher for the year ending June, the company said on Tuesday.
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Strong performance from Shoprite
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Johannesburg - South African supermarket group Shoprite on Tuesday reported a 54.1% increase in diluted headline earnings per share to 298.6c for the year ended June 2008 from 193.8c a year ago.
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Woolworths launches contemporary womenswear brand for summer
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Woolworths enlisted international experts – visionary brand man Joe Mimran and fashion designer Paul Sinclaire – to help develop this exclusive new brand. Twist will complement Woolworths existing womenswear offering with an exciting new take on affordable, contemporary fashion.
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Pick n Pay: Business as usual
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Johannesburg - Pick n Pay stores will be "open for business as usual," in spite of Friday's planned strike, the retailer said.
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Shopping still brisk in malls
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Johannesburg - SA consumers may well have shunned smaller retail centres but they are still shopping up a storm in the bigger malls, results released on Wednesday by Growthpoint Properties show.
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Woolworths protest moves to Durban
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SA Commercial, Catering and Allied Workers’ Union (Saccawu) members will march in Durban on Friday against the alleged anti-union stance of Woolworths
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Pick n Pay: Protests planned
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Johannesburg - The SA Commercial, Catering and Allied Workers' Union (Saccawu) will stage protests in four major cities against listed retailer Pick n Pay, the union said on Friday.
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Massmart's food retail appetite grows
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Cape Town - Massmart has acquired a bite of the R125 billion independent food retail market, arguing that the traditional supermarket groups had achieved limited success in luring shoppers from independent retailers and spaza shops.
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Africa, new format for Massmart
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Johannesburg - General merchandise retailer Massmart is considering the rollout of more Game stores in Africa, and a new wholesale-retail hybrid store model for SA's central business districts, rural areas and taxi ranks.
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Woolies Foods loses market share
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Johannesburg - Retailer Woolworths says it has recently lost market share in its food segment as consumers made a "flight to value" amid accelerating food price inflation, said CEO Simon Susman.
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Woolies wary of uncertain climate
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Johannesburg - Clothing and grocer retailer Woolworths (WHL, Woolies) on Thursday reported a 10% decline in diluted headline earnings per share to 112.c for the six months ended June 2008 compared with 125.5c a year ago.
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Woolies, Pick n Pay face strikes
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Johannesburg - Workers at the retail chain Woolworths' Gauteng branches will embark on a one-day strike on Thursday, demanding union recognition, union leaders said on Wednesday.
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Consumers still feel the pain, say analysts
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Despite consumer relief after interest rates were left on hold, trading in the discretionary retail sector is expected to remain tough for another six months, according to analysts.
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Analysts await Woolworths, Massmart news
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WITH retail sales having fallen for the fourth month running in June, analysts said on Friday it would be interesting to see how retail groups Massmart and Woolworths — which release their results this week — have withstood the consumer spending downturn.
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Game wheelchair drive tops R7.2 million
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Hundreds of disabled school children with physical disability throughout Southern Africa received the gift of mobility with the donation of 455 brand new wheelchairs worth R1,5 million by Game Stores and Vodacom this month.
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Annual profit to grow as much as 27%
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Annual profit at Massmart Holdings was expected to have risen as much as 27 percent, the listed consumer goods wholesaler and retailer said in a trading update yesterday.
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Smaller tenants plead for rental relief
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SMALLER tenants struggling to make their rental payments are starting to ask landlords for reductions.It appears this is taking place more in smaller community shopping centres of less than 20000m², which are less defensive in difficult economic times than at larger regional centres.
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Strike at Pick n Pay supplier ends in arrests
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Recent media reports of a strike at Pick n Pay were incorrect, the company said on Monday. “The strike is at a Pick n Pay supplier and does not involve any Pick n Pay workers" said Tamra Veley, spokesperson for the listed retail giant.
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Clicks invests in courier group
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Johannesburg - New Clicks Holdings (NCL) said on Monday it has acquired a 60% stake in courier pharmacy business Direct Medicines for a cash payment of R13.2m.
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Woolies workers amped to strike
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Johannesburg - Workers at retailer Woolworths are at an advanced stage of preparing for a protracted strike, their trade union said late on Thursday.
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Clicks offers support for women this Women's Day
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In support of the women of South Africa this Women's Day, August 9, 2008, Clicks is offering all women, health and well-being special offers and clinic services, as well as some useful advice to ensure that the women of this country maintain optimal health in order to successfully raise and nurture our next generation.
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Pep uses cellphones to target youngsters
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Cash retailer Pep, traditionally targeted at parents, was opening stand-alone cellphone stores in order to better capture the youth market, the company said yesterday.
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Edcon rating slips
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PRIVATE equity-owned Edcon has kept a fairly low profile in the financial press since delisting last year. Its stores include CNA, Boardmans, Edgars and Jet.
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Mass appeal
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MASS retailer Massmart’s building division, which houses Builders Warehouse, Builders Express and Builders Trade Depot brands, is suffering from the malaise in the local economy.
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Ackerman honoured
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Raymond Ackerman has received the Woodrow Wilson Award for Corporate Citizenship. This marks the first time that the award has been granted to an African. The Awards were established in honour of Woodrow Wilson, the only American president to have held a doctorate.
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Pick n Pay braces for strike
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Cape Town - Retail giant Pick n Pay has come under fire from union officials and corporate activist Theo Botha in the space of a few days.
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Shoprite's Tanzanian business faces wage dispute
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A wage dispute at Shoprite's loss-making Tanzanian business was continuing, but staff had returned to work following a one day illegal strike, Whitey Basson, the chief executive, said on Thursday.
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Retailers rally on rates outlook
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Cape Town - The buoyant investor market for cyclical retailers continued on Friday and even a "substantial deterioration" in trading conditions at Woolworths did not prevent shares in the company rallying 5.05 percent.
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Fujitsu Siemens and Makro team up to dispose of e-waste
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Fujitsu Siemens Computers and Makro have partnered in a joint initiative to provide consumers and businesses with a safe and environmentally-sensitive method of recycling electronic waste (e-waste). E-waste poses a potential environmental threat and this initiative underlines Fujitsu Siemens Computers and Makro’s commitment to protect the environment for the future.
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Clicks spreads in-store wings
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Despite a tight consumer environment, retailer Clicks' roll-out of pharmacies in its health and beauty stores is continuing apace. The retailer yesterday launched its 150th in-store pharmacy with the opening of a dispensing section in its Hyde Park store. Another five to six stores are set to be opened within the next month, before the company's financial year-end.
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Retail sales fall fastest in nine years
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Retail sales fell by an annual rate of 3,6% in May — its steepest fall in nine years — backing evidence that consumer spending has slowed sharply and weakening the case for another interest rate hike this year.
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Woman of the Year Award 'is just a PR exercise'
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On the eve of the Woman of the Year Award, co-sponsor Shoprite Checkers has been criticised for treating women staff badly by an organisation that monitors corporate social responsibility.
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The Piazza pulls in leading retailers
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ALTHOUGH retailers are struggling in an economic slowdown, there is strong demand for retail space at Melrose Arch’s R2,27bn mixed-use node, The Piazza.
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SACSC awards glowing regional stores
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The 2008 Western Cape Special Star Awards gala event took place on Tuesday, 22 July, at the Grand West Casino in Cape Town. This evening of glitz and glamour was a huge success and showed off the best that shopping centres in the Cape have to offer. The South African Council of Shopping Centres (SACSC) introduced the Special Star Awards to each region of South Africa in 2006.
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Shopping centre customers live close to home says NAB
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The latest growth of shopping centres in Mpumalanga has ensured that Purchase Decision Makers (PDMs) in their direct catchment area now don't have to travel miles for a good dose of retail therapy, says John Bowles, Joint Managing Director of the Newspaper Advertising Bureau (NAB).
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Woolworths customers feel spending pinch
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THE corrosive effects of spiralling inflation and food prices were confirmed on Friday when retail giant Woolworths confirmed middle-income earners had been pushed to the wall by the rising cost of living.
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Crime: Mall shops more worried
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Johannesburg - Crime has a devastating effect on the profitability and viability of many small enterprises, according to the findings of a Small Business Project survey released on Wednesday.
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Woolworths cuts down on sugar
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In the most recent step in its Good Food Journey, Woolworths has announced that it has reduced the amount of sugar in its chilled 100% fruit juices and nectars. This follows the reduction in sugar across their entire yoghurt range earlier this year and is in line with World Health Organisation directives1 as well as Woolworths own commitment to offering better food choices.
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Mr Price cuts bosses' pay as growth in profit slows
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Cape Town - Mr Price Group chief executive Alastair McArthur took a 34 percent cut in pay in financial 2008 to earn R6.24 million, even as the company squeezed out 14 percent profit growth in the tough discretionary goods sector.
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Building supplier widens its market
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Hardware Warehouse, the Eastern Cape building materials retailer that targets the bottom end of the market, had bought a higher-end retail business to reduce its reliance on the mass market, the firm said yesterday.
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Wiese resigns from UK retailer
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Johannesburg - The SA retail tycoon Christo Wiese has resigned as non-executive chairperson of the UK variety store group Instore Plc, the news service Thomson Financial reports.
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Massmart boosts sales
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Johannesburg - Retailer Massmart said on Thursday that total sales for the 53-week period to June 29 increased 14.7% over the prior year to R39.8bn, with inflation estimated at 7.5%.
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BEE dairy trust turns scepticism into gratitude
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The Grasslands Development Trust (GDT) has brought meaningful change to the lives of its benficiaries."When we started with the project, we (as beneficiaries) were very sceptical," Nelson Awu, a long-serving employee of the Grasslands Group and beneficiary of the trust , said on Wednesday.
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NPA welcomes Musica court ruling
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The National Prosecuting Authority (NPA) on Wednesday welcomed a Pretoria specialised commercial crimes court ruling that found retailer Musica guilty of trading in counterfeit goods.
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Shoprite weathers tough climate
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Johannesburg - Retail group Shoprite Group said in a trading update on Monday that for the 12 months to end June 2008 it increased total turnover by 22,3% to about R47.7bn.
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Shoprite Holdings Ltd releases Trading Update
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For the 12 months to end June 2008 the Shoprite Group increased total turnover by 22,3% to about R47,7 billion. Growth on a like-for-like basis was 18,0%. During this period internal food inflation rose to 10,6 % compared to less than 6% during the corresponding 12 months.
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Retailers need to adapt to tighter times
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Retailers will have to undergo a change in “lifestyle” to make it through the tightening economic cycle, commentators say. Cost cuts and risk reviews are in order.
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Durban retailers in the running for the Revolution
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Twenty-four retailers operating at Gateway Theatre of Shopping in Umhlanga have been nominated for national awards in the new annual Retail Revolution competition, it was announced at the official ceremony held at the shopping centre yesterday, 2 July 2008. The competition covers some 2,000 shops in major retail complexes managed by Old Mutual Investment Group Property Investments.
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Stealing consumers now going for food
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Many Western Cape retailers have experienced an increase in shoplifters stealing household products and everyday items instead of luxury goods, the security departments of major local supermarket and retail chains say.
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Pick n Pay revamps convenience
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Cape Town - Sales of Pick n Pay's new top-end house brand prepared meals were up 50 percent from a year ago, it said yesterday, after it had spruced up its offering in a bid to win back up-market customers.
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No relief in sight for retail sector
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DESPITE a slight recovery in confidence among retailers in the second quarter, trading conditions are not expected to improve in the second half and retailers should batten down.
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Dis-Chem plans franchises
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Dis-Chem, South Africa's largest privately owned retailer, is planning to franchise stores for the first time in its 30-year history and is considering listing on the JSE.
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Pick n Pay's structure of discontent
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Governance at Raymond Ackerman's Pick n Pay is under the spotlight after the retail doyen came under pressure at last week's AGM to dismantle the structure through which his family controls the company.
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"Eggs, milk and a blood test, please..."
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The Pick n Pay Pharmacy in the new Woodmead Hypermarket recently launched a new concept of a primary care clinic. As a departure from the conventional pharmacy clinic, the retailer has partnered with the Medical Nutritional Institute and a pathology group, Drs. Du Buisson, Bruinette and Kramer, to create a range of services.
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Edcon takes revision in stride
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CLOTHING retailer Edcon was “not surprised” international rating agency Standard & Poor’s revised its outlook on the company from stable to negative.
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Retailers warn on public holidays
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Retailers have warned that acceding to suggestions that stores be closed on certain public holidays would hamper sales growth and the economy.
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PnP: Cash to curb inflation
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Cape Town - Retail giant Pick n Pay Stores would rather invest its free cash in warehousing capabilities to curb rampant food inflation than embark on a share buy-back exercise.
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House brands still mean second-rate to shoppers
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Although the proportion of house brand sales at most major supermarkets was rising, local fast-moving consumer goods had failed to change the perception of poor quality about "private labels", market researcher Nielsen South Africa has said.
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Pick n Pay launches two new in-store environmental initiatives
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First Pick n Pay did its bit for saving electricity, when it implemented a range of energy-efficiency measures in its stores, then it began selling energy-efficient lightbulbs at a hugely competitive price. Now the retailer is about to launch two new initiatives – in-store recycling bins for spent energy-efficient bulbs as well as used batteries.
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Retailers need to target crime - not budget for it
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Theft is one of the major concerns facing the retail industry today, a fact that was highlighted during the recent Retail Loss Prevention Conference, held last month at the Southern Sun conference centre in Sandton.
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Credit: Store cards rank as most popular
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South African consumers most commonly access credit through retail store cards. Carel van Aardt, a research professor at the Bureau of Market Research at Unisa, said more than 16 percent of South Africans - about 5 million - used store cards.
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Edcon still ahead of debt collector
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Edcon Holdings staved off an interest squeeze in the year to March, generating sufficient cash to meet hefty repayments arising from its leveraged buyout by Bain Capital last year.
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Mr Price's lower market plan pays off
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Mr Price's focus on the bottom end of the retail market helped it withstand a tough economic climate and lift profit 15 percent to R551 million in the year to March.
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Woolies joins world of podcasts
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Woolworths Financial Services has launched a podcast designed to help customers manage their money better, making it one of the first South African brands to explore the benefits of new media in this way.
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Pick n Pay wins top award
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Pick n Pay has been declared the Number One Company in the Food Retailers Sector in the Top 500: South Africa's Best Companies publication.
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Truworths-Expansion, price hikes lift sales 16%
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Truworths International sales climbed 16 percent in the first 47 weeks of the financial year after it increased its selling space and raised prices, South Africa's biggest clothing retailer by market value said yesterday in a statement.
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Famous Brands aims to re-enter chicken market
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Famous Brands has mastered the art of selling burgers, fries and pizzas in tough trading conditions and the company has emerged stronger with record revenue growth. Now, the group wants to try and re-enter the chicken market.
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Black middle class lifts Spar earnings
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Spar's first-half revenue was up 21.1 percent to R13.06 billion compared with a year ago, outpacing a rise by rival Pick n Pay, as competition for the shrinking consumer wallet intensified, the food distributor said yesterday.
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Massmart bucks downward trend
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Wholesaler Massmart Holdings reported on Thursday that for the 46 weeks to 11 May 2008, the Massmart Group's total sales increased to R34.5bn, a growth of 12.5% over the prior period, and comparable store sales grew 10.9%.
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Taste expects a bigger slice
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Taste Holdings expected headline earnings for the year to February to increase by between 15 percent and 25 percent, it said yesterday.
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Cashbuild cements more market share
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Cashbuild had managed to reverse declining volume sales after it "took corrective action" on core product lines, particularly cement and bricks, the chief executive, Pat Goldrick, said yesterday.
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Pick n Pay hits food price impasse
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Pick n Pay same-store volume sales were flat in the past year, a clear sign that higher food prices and interest rates have cut into better-off consumers' spending on food and toiletries.
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FMCG AND Retail Sectors seek supply chain answers to consumer spending squeeze
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For a few years now the FMCG and Retail sectors in SA have experienced appreciable growth and success. Consumer spending was on the increase locally, and the customer base has become more diverse. While this represented good market growth and profitability for the industry, it also placed pressure on the FMCG/Retail supply chain to deliver the goods that were wanted, where and when they were wanted.
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Fitch flags rise in Woolies bad debt
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Cape Town - Fitch was ''concerned'' customer bad debts at Woolworths had deteriorated further in the three months to February, the ratings agency said yesterday, but nevertheless it affirmed the retailer's credit rating.
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Retail sales growth accelerate
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RETAIL sales growth accelerated to 2,5% year-on-year in February at constant prices, from an upwardly revised 0,7% growth in January, Stats SA said today. In the three months to the end of February, retail sales increased by 0,7% over the same period the previous year, also at constant prices.
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Stores brace for bad debt
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Retailers are expected to see an increase in bad debt as rate hikes put pressure on consumers, but analysts say most retailers would have anticipated the impending debt crunch and are ready for it.
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SA retailer recognised for good business initiative
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Woolworths has received international recognition in the retail sector by being named Responsible Retailer of the Year at the World Retail Awards – held during the annual World Retail Congress. Six companies from across the globe had been short-listed for the prestigious award.
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Koo product recalled
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Johannesburg - Consumer foods group Tiger Brands is recalling all imported 2007 stock of 215g and 410g of Koo French Style Beans because they have defective can seams.
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Retail sector outlook 'bleak'
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Johannesburg - Despite the small recovery in January, consumers in general remain under pressure and the outlook for the retail sector remains bleak, said economist from Efficient Group Fanie Joubert on Friday.
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Shoprite Checkers supports the 2008 RSG/KKNK Bring Books campaign
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The 2008 RSG/KKNK Bring Books campaign, that collects books for underprivileged communities, will once again enjoy the support of Shoprite Checkers who are making a visible contribution by providing collection points in their supermarkets for books customers no longer use. The campaign was launched on-air during Oggend met RSG on Friday 21 March from the Radio Sonder Grense (RSG) stall at the Klein Karoo Nasionale Kunstefees (KKNK) in Oudtshoorn.
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Why prices are rising
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It's been almost five years since the government put an end to the free issuing of those old thin supermarket bags and forced retailers to provide thicker ones … and charge consumers for them.
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Foschini sticks to rolling out @home
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Cape Town - Although the homeware retail category that mushroomed along with the consumer boom had fallen on tough times, Foschini would not deviate from its strategy of rolling out its @home stores, it said yesterday.
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NEW CLICKS HOLDINGS - TRADING STATEMENT
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New Clicks’ shareholders are advised that the group’s diluted headline earnings per share for the six months ended 29 February 2008 (“the period”) is expected to be between 20% and 30% higher than the corresponding period last year. The comparative period includes the results of the Discom business which was sold in September 2007.
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Index points to recession for retail
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Cape Town - Confidence among retailers had plunged to its lowest level in five years, signalling the beginning of a consumer recession, the Bureau for Economic Research (BER) said yesterday.
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Saturating the East Rand's formal shopping centres
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The economically active commuter market living in Etwatwa/Daveyton, situated on Johannesburg's East Rand, sometimes travel as far as Sandton or Cresta to spend their disposable income at their favourite shopping centre, even though many of these residents have to travel by taxi to get there.
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Retail sector faces 'threat of recession'
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RETAIL confidence has plunged to a five-year low, in a sign the key sector might slip into a recession early this year, the Bureau for Economic Research (BER) warned yesterday, writes Mariam Isa.
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Controls lift profit for Cashbuild 29%
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Although Cashbuild's underlying sales growth was flat, it nevertheless registered stronger profit, the company which sells building materials to low-cost homeowners said yesterday.
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Material retailers eye big projects
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Despite a fall in big-ticket purchases like cars and furniture, building material retailers have continued to grow sales and profits, albeit at a slower pace.
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January retail sales ‘negative’
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THIS week is the calm before the storm of local inflation figures next week, but there may be gloomy news when retail sales and current account numbers are released on Wednesday.
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Trueform boosts earnings
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CLOTHING retailer and manufacturer Rex Trueform increased headline earnings per share 207% during a six-month period that proved challenging for other clothing retailers.
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Retailer rolls out environmentally friendly signage and displays
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Woolworths began using recyclable board for store signage and displays in 2006 and currently over 30% of the group's in-store signage is made from renewable raw materials and contains recycled fibres from post-industrial and post-consumer waste. The signage is a viable, ecological alternative to the standard plastic commonly used in signage.
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Edcon: Stretched
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South Africa's biggest private equity deal was last year's buyout of retail giant Edgars Consolidated Stores for R25 billion by US-based Bain Capital.
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Retailer's cosmetic range wins beauty-without-cruelty accreditation
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Woolworths' entire private label range of toiletries and cosmetics has been approved by Beauty Without Cruelty. Woolworths is now included on BWC's “White List” of companies that comply with their humane criteria. These products include all of retailers' own-label bath & body products, colour cosmetics and skin care ranges.
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Massmart fine-tunes strategy
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Cape Town - Massmart is tweaking its building materials retail strategy to follow the boom in big building projects as retail sales growth to residential consumers shows signs of slowing.
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Massmart shows resilience in a declining real retail sales growth environment
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In the current environment of declining sales growth, Massmart, Africa’s third largest distributor of consumer goods, the leading retailer of general merchandise, liquor and home improvement equipment and supplies, and the leading wholesaler of basic foods, today announced interim results ahead of expectations.
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Retailers brace for tough year
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Cape Town - Executives in the retail sector are having to make tough calls on new store openings, given that the only certainty is uncertainty about how bad the environment will get for retailers.
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Trading environment challenges Truworths
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CLOTHING retailer Truworths said its trading results for the second half of the year were expected to be worse than the first half’s, which benefited from an additional week’s trade.
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Consumers turn retail tables
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Cape Town - The contrasting half-year performances of retailers Shoprite and Woolworths confirm a trend in the economy that upper-end consumers have cut back on spending the most, while those below them are still spending for now.
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Woolies earnings drop 12%
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Johannesburg - Woolworths Holdings (WHL) on Thursday reported a 12.3% decline in diluted headline earnings per share to 55.6c for the 26 weeks ended December 2007 from 63.4c a year ago.
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Shoprite meets challenges to scale new high
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FOOD and furniture retailer Shoprite grew its trading margin to a record 4,4% in the six months to December, despite shrinking gross margins and losing ground in its furniture division.
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Cyclical retailers forecast to recover lost ground this year
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Fund managers favour general retailers, such as furniture and clothing chains, in the industrial sector over the next 12 months as they bet that interest rates will fall in the second half of the year, according to a survey by Merrill Lynch.
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Grolsch’s profit increases 19%
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Like-for-like 2007 turnover grew 5 percent and net profit excluding one-off effects rose 19 percent, Dutch brewer Grolsch said yesterday – but it warned that the British market was in sharp decline.
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Country Road takes path to SA
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Woolworths Holdings said that its stores will soon feature a selected range of clothing from its Australian sister company Country Road.
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A healthy choice of labelling
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With poor lifestyle choices, including over-nutrition, being the primary cause of growing chronic illnesses in South Africa across all demographic sectors, a scientific benchmark system is being locally adopted to identify healthier food products.
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Shoprite feasts on pricy food
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Cape Town - Shoprite's surprisingly strong profit growth had probably been largely a result of food price increases outstripping the rise in the supermarket group's monthly expenses, analysts said yesterday.
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Trade update boosts Shoprite
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Johannesburg - South African retailer Shoprite's (SHP) share price stood out from the crowd on Tuesday after it released a trading update saying its interim earnings are expected to be 50% to 60% higher. Other retailers were in the red on Tuesday afternoon.
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PIC hails promotion of women at New Clicks
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Cape Town - The Public Investment Corporation (PIC), the country's most important shareholder activist for black empowerment, yesterday welcomed New Clicks' appointment of three black women to its board, including one executive director.
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Woolworths - The Organic Destination
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With the launch of over 100 new organic grocery lines, Woolworths has taken a major step along its Good Business Journey towards its goal of achieving organic food sales of some R1 billion per year by 2012.
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Shops plan to keep food safe
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A few readers have expressed concern about the integrity of perishables in our supermarkets, now that our power supply has become such an on-off business. So last week I posed a set of very direct questions to the four major supermarket groups around the issue of blackouts.
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Malls consider huge cost of generators
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Owners of shopping centres face massive capital outlays as well as safety considerations as they decide whether to invest in generators to keep the country's malls trading.
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Woolworths sells power savings
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Woolworths Holdings said on Friday it had set a target to reduce its energy usage across the business by 30 percent by 2012.
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SA's biggest food retailer to cut power consumption by 20%
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Pick n Pay is well-equipped to deal with the effects of load-shedding, with most major stores having their own generators to protect the cold chain and run tills, lights and security. But the company believes that what is more important is the national role it has to play by significantly cutting back on its own electricity usage.
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Retail chain launches EduPlant
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How do we live comfortably and productively within the limits of our planet? How do we sustain life on Earth now for the benefit of our children and their children? Global bodies, governments, communities and individuals are currently asking themselves these vital questions. The annual Woolworths Trust EduPlant program recognises that our schools play a vital role in exploring the answers to these questions.
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Power cuts: Shoprite jumps in
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Johannesburg - Pan-African food retailer Shoprite is in discussions with local authorities on funding solar panels to power traffic lights near its stores.
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Cashbuild lifts revenue in ‘difficult year’
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BUILDING materials retailer Cashbuild this week said revenue moved up 15% year on year during the second quarter to December, with new stores contributing 6% of the growth.
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Woolies up for retail award
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Johannesburg - SA retail group Woolworths Holdings has received international recognition in the retail sector by being short-listed for the Responsible Retailer of the Year, it said on Monday.
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Power extra concern for retailers
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Johannesburg - Retailers now don't only have the National Credit Act, higher interest rates and slower consumer spending to worry about, but also have concerns about whether they will have power to keep their stores running.
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Truworths looking sharp
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FASHION retailer Truworths International on Friday reported higher sales in the six months to December and said earnings were also expected to show gains.
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Tough year ahead for retailers
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Johannesburg - Some of South Africa's biggest retailers reported a decline in real sales growth on Thursday, indicating the sector could be in for a tough time this year.
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Home not that sweet for Mr Price
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FASHION and furniture retailer Mr Price said yesterday sales in the quarter to December rose 15%, driven by clothing purchases, but rising interest rates put the brakes on its nonclothing business.
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Woolworths' sales continue to slump
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Cape Town - Retailers Woolworths and Mr Price yesterday reported a decline in real sales at stores open for more than a year, but New Clicks reported sales growth on both basic and non-essential consumer goods.
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Decoupled or not, food retailers look good bets
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Right now the great "decoupling" theory is being tested. Proponents of this theory argue that the major downturn that is seen in the US economy, which looks like it may well become a recession, will not derail growth in emerging markets, including South Africa.
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Shoprite defies hard times with rise in sales
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Cape Town - Shoprite, South Africa's second-largest retailer by sales, reported double-digit sales growth yesterday, confirming that food mass-market retailers were the only consumer sector to escape the downturn relatively unscathed.
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Shoprite sales growth helped by inflation
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RETAILER Shoprite’s sales grew 21,8% in the six months to December, but sales in its furniture division had been hampered by high interest rates, it said yesterday.
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Home improvement gives Massmart performance muscle
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Cape Town - Sales growth at Massmart's home improvement division had outperformed its other retail units, despite signs that high interest rates were starting to bite into the home renovation market, the firm said yesterday.
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Massmart sales reflect slowdown
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Johannesburg - First-half sales have risen at Makro and Builders Warehouse parent Massmart Holdings, but slower growth shows consumers are spending less and prices are rising more quickly than before.
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Woolies backs organic cotton project
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CLOTHING and food retailer Woolworths expects about 30 tons of this year’s organic cotton needs to be met by a pilot project in Eastern Cape and Limpopo.
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PnP: Xmas sales pleasing
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Johannesburg - Food retailer Pick n Pay says festive season sales growth has been pleasing, although higher interest rates and fuel prices have seen consumers' purse strings tightened.
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Interest rates, power cuts ‘trim retail sales’
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THE effects of interest rate hikes, the National Credit Act and electricity load shedding on festive-season sales will become apparent this week as retailers start releasing sales figures.
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Woolies likely to axe weak unit - analyst
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Cape Town - Woolworths' talks are most likely about the disposal of an underperforming division as the retailer focuses on its core retail business in the tough consumer environment, according to an analyst.
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PnP: We acted in good faith
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Cape Town - Retailer Pick n Pay has refuted claims that it has been ordered to remove a "No Name Brand" evaporated milk product from its shelves, saying that the company removed the product voluntarily.
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Kagiso Trust buys into Country Foods
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A KAGISO Trust subsidiary is to take a 10% shareholding in mushroom and fruit juice company Country Foods Group. CEO Robi Casaletti said yesterday the Kagiso Enterprises Rural Private Equity Fund (Kerpef) had swapped its 30% stake in Country Foods subsidiary Midlands Mushroom Farms for a 4% stake in the holding company.
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Shoppers to tighten festive purse strings
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After five years of bumper Christmas sales, analysts expected a subdued season and warned that it would get worse early next year as consumers would feel the effects of recent interest rate hikes.
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Woolies may give up Top40 spot
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Aveng, the country's biggest builder, might replace Woolworths Holdings in the benchmark Top40 index, according to strategists at Nedcor Securities.
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Clicks Annual Report - 2007
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Clicks continues to reap the benefits of a focused merchandise strategy and produced consistent sales growth through the year, with strong Christmas gifting sales and pleasing dispensary trading over the winter period.
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Battle for instant meal market hots up
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JUST a week after Pick ’n Pay launched its new range of food, Woolworths has started to fly in UK retailer Marks & Spencer products direct from Thailand, with stickers slapped on to the packaging claiming the food is specially packed for Woolworths.
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SOUTH AFRICAN CONSUMERS VOTE “GOOD VALUE FOR MONEY” #1 INFLUENCER OF GROCERY STORE CHOICE
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South Africa, November 2007 - According to a recent survey conducted by The Nielsen Company, Good Value for Money is the most important factor in determining where consumers spend their grocery dollars. Nielsen found an overwhelming eighty-five percent of the world’s consumers ranked Good Value for Money the most important consideration when choosing a grocery store, with South Africans being among the top 10 most avid value-seekers from around the globe.
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Tiger Brands' price-fixing scandal a drop in the ocean
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The fact that items making up as much as 30 percent of the food basket are currently under investigation by the competition authorities is proof that companies that have enjoyed the benefits of market manipulation do not easily give up those benefits, according to a competition law expert.
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Tiger Brands staff to sign collusion denials
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Tiger Brands would get its managers to sign letters stating they had not spoken to competitors, following an admission that it had committed anti-competitive practices, the maker of Albany bread said yesterday.
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Woolies woos shoppers
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Top-end retailer Woolworths on Wednesday said it has added 106 more branded product lines to some of its stores, a move that could lure more shoppers through its doors as competitors beef up their convenience offerings.
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When there is more to a barcode than just a code
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Every once in a while a concept is introduced into the market place that changes the rules. thirtyfour, the brand activation specialists, have introduced the South African market to a first. Their Scan & Win ™ concept is a simple but effective marketing mechanism for FMCG Retail that rewards consumers when they purchase participating products – In the launch promotion with Checkers, once at the till, barcodes were scanned and “hidden in them” were 30 000 free products, cash, and even the chance to win the grand prize of a new Honda FRV 6-seater, valued at R 250 000. The perfect execution of the kind of instant gratification that shoppers all over South Africa have been asking for.
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Famous Brands puts Cape Franchising on its plate
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Famous Brands has entered into an agreement for the purchase of the business of Cape Franchising, successfully completing the final phase in its process of acquiring all master licenses in South Africa.
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A new dawn for Pick 'n Pay
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Pick n Pay are embarking on a mammoth re-branding campaign that is designed to align their brand, product offering and store formats with the needs of consumers. The most notable aspect of this campaign is their new logo, which is attractive and works well. However, this is not the heart of the campaign.
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MR PRICE GROUP PERFORMS WELL IN SOFTER TRADING CLIMATE
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[Johannesburg, Wednesday 14 November 2007] Value retailer Mr Price Group announced its trading results for the first half of its financial year with operating profits up 25% and earnings per share up 20% in what the retailer has termed ‘a softer’ trading environment.
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Spar Group on the Crest of a consumer spending Wave
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Driven by aggressive marketing, improved efficiencies throughout the business, a buoyant retailing environment and rising inflation, the Spar Group turned in another solid set of results for the year ended 30th September.
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Spar lifts earnings by 30%
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Grocery chain Spar Group increased headline earnings per share for the year to end-September by 30.1% to 312.3c
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Pick 'n Pay poaches three head managers
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In a bid to regain lost market share among its core top-end customers, Pick 'n Pay Stores has appointed a manager from the world's biggest retailer and two from rival Woolworths.
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Strong profit outlook lifts Spar shares
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The Spar Group expected full-year headline earnings a share to rise by between 25 percent and 35 percent, the consumer goods distributor said yesterday, boosting its shares.
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Spar profits up 25-35%
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Johannesburg - South African grocer Spar on Tuesday said it expects full-year headline earnings per share to rise between 25% and 35%.
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Ellerine's focus on staff productivity pays off
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Ellerine Holdings, South Africa's second-largest furniture retailer, posted an 11 percent increase in second-half profit as employee productivity improved and the company added and revamped stores.
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Massmart sales up 12,5%
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RETAILER Massmart Holdings said today that for the 14 weeks to end last month, total group sales grew 12,5% with comparable store sales growth of 10,7%.
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