H&M on the mend after outcry over racist advert
BusinessLive - Oct 9th 2018, 14:23
The Human Rights Commission says the retailer co-hosted a workshop with the Anti-Racism Network of SA to develop a deeper understanding of the offence the garment provoked.
The South Africa Human Rights Commission (SAHRC) says fashion retailer H&M is making significant strides in rectifying its wrongs after an outcry over a clothing item that featured the words “coolest monkey in the jungle”.
The international clothing company caused a stir in January when it showed a black child wearing the green hoodie in an advert. Amid a public outcry‚ the brand was accused of racism and was forced to shut more than a dozen of its South African outlets after calls for boycotts and the trashing of some of its stores.
H&M later removed the clothing and issued a public apology. SAHRC provincial manager Buang Jones said the company was "making substantial progress on its commitments to the commission in correcting the offence caused".
"Since the commission's intervention‚ the retailer has co-hosted a workshop with the Anti-Racism Network of SA to develop a deeper understanding of the offence the garment advertised and sold‚ provoked‚" Jones said.
"H&M‚ in collaboration with another civil society organisation‚ the Institute for Justice and Reconciliation (IJR)‚ developed a training programme for all office and store managers‚ which was implemented in May and August. H&M and the commission are currently engaged in discussions for 2019 training programmes‚" he added.
H&M had also appointed a global transformation leader to ensure that diversity and inclusiveness were strengthened in the company.
"It is the commission's hope that H&M and other enterprises understand that they do not operate within a vacuum‚ immune to the respect and attainment of human rights. The commission will continue in its endeavours to protect‚ promote and monitor the attainment of human rights throughout all facets of society‚ including business‚" Jones said.
Nintendo shares jump on imminent launch of Switch Lite
16/07/2019 - 11:38
Shares in Japan’s Nintendo Co rose more than 4 percent last week after the company said it would soon launch Nintendo Switch Lite, a cheaper, handheld version of its hugely popular Switch games.
Footgear quick off the mark with acquisition of Edgars Active and High Key from Edcon
16/07/2019 - 10:19
Footgear – backed by Old Mutual Private Equity (OMPE) announced that it has acquired the Edgars Active and High Key chain stores, divisions of the Edcon Group, and leading retailers of branded sport and lifestyle footwear, clothing and accessories. The transaction remains subject to conditions precedent, including regulatory approvals.
The Foschini Group - the notable exception in SA
16/07/2019 - 08:23
The Investment Analyst Society recently presented an Analysts Masterclass with an emphasis on the retail and consumer goods sector of the JSE. Much insight was provided by veteran analysts Syd Vianello and Chris Gilmour, featured on the panel discussion. They unpacked several topics like the size and diversity of the sector, the impact of foreign players, consumer behaviour, and retail companies venturing offshore, and notably into Australia, often terminating these ventures in the graveyard.
Woolies, Anglo, Sappi stock in demand
15/07/2019 - 16:26
Woolworths Holdings' (Woolies') share price gained a solid 12.8 percent last week after it announced a turnaround at its fashion, beauty and home business this year. The group, one of many local retailers to struggle in Australia and which also trades in 11 countries in sub-Saharan Africa, still relies on its home market for 71 percent of operating profit.
Cape Town vs Johannesburg- where are retailers really winning?
15/07/2019 - 16:11
New global research by Vend, a cloud-based retail software platform for independent retailers, has found that Cape Town independent stores enjoy average transaction values up to 49% higher than retailers in Johannesburg.