Advertise with fastmoving.co.za
 
 

NEWS - Africa's FMCG Retail Authority

SAB close to acquiring Smirnoff drinks range

SAB close to acquiring Smirnoff drinks range

19/07/2019 - 11:27
South African Breweries (SAB) is a step closer to acquiring the Smirnoff ready-to-drink (RTD) range of products, mostly ciders, and mixes, after the Competition Commission announced the approval of the acquisition from Diageo South Africa.  read more
Sugar importers bitter about consumer prices

Sugar importers bitter about consumer prices

19/07/2019 - 10:57
Sugar importers want to know why the industry is subsidised to the extent that consumers are being forced to pay about double the world price. read more
Food and beverages giant PepsiCo makes offer to acquire Pioneer Foods

Food and beverages giant PepsiCo makes offer to acquire Pioneer Foods

19/07/2019 - 10:18
In a vote of confidence about SA’s long-term prospects, New York-based food and beverages giant PepsiCo has made an offer to buy Pioneer Food Group, which makes Sasko breads and Ceres juices, in a deal worth at least R25.4bn. read more
AB InBev offloads Australian unit for $11.3bn

AB InBev offloads Australian unit for $11.3bn

19/07/2019 - 09:03
Anheuser-Busch InBev (AB InBev), which shelved plans to list its Asia Pacific business in Hong Kong, said it will sell Australian subsidiary Carlton & United Breweries (CUB) to Japan’s Asahi Group for about $11.3bn (R157bn). read more
SAFW competitions offers entry into fashion industry

SAFW competitions offers entry into fashion industry

19/07/2019 - 08:41
It opened the door for David Tlale to showcase his designs at New York Fashion Work, Mmuso Maxwell to supply his garments to retail giant Woolworths and Clinton Lotter to take his work to the UK. Now, South African Fashion Week (SAFW) is once again looking to grow the fashion and creative industry by opening it to emerging designers. read more
US retail sales rise as households spend more

US retail sales rise as households spend more

18/07/2019 - 14:16
US retail sales increased more than expected in June, pointing to strong consumer spending, which could help to blunt some of the hit on the economy from weak business investment. read more
Takealot and Superbalist to launch new annual event - The Ultimate Checkout

Takealot and Superbalist to launch new annual event - The Ultimate Checkout

18/07/2019 - 14:01
In line with international trends and following on the success of Black Friday, the Takealot Group is once again leading the charge with a first-of-its-kind shopping event in South Africa. read more
Strong Asia growth boosts Richemont’s first-quarter sales

Strong Asia growth boosts Richemont’s first-quarter sales

18/07/2019 - 13:38
The luxury-goods company reports a 9% year-on-year increase at constant exchange rates. read more
Refinery celebrates diversity with new fashion campaign

Refinery celebrates diversity with new fashion campaign

18/07/2019 - 11:39
Local fashion retailer Refinery is set to make waves across the local industry with its new spring campaign which embraces diversity, encouraging others to be unashamedly, authentically themselves.  read more
Nestlé finds a new way to sweeten chocolate without added sugar

Nestlé finds a new way to sweeten chocolate without added sugar

18/07/2019 - 10:13
Nestlé SA has found a way to create chocolate without adding any sugar, relying on leftover material from cocoa plants for sweetening as consumers look for natural and healthier fare. The food company is using a patented technique to turn the white pulp that covers cocoa beans into a powder that naturally contains sugar. read more
Amazon offers $10 to Prime Day shoppers for access to their data

Amazon offers $10 to Prime Day shoppers for access to their data

18/07/2019 - 09:53
Amazon.com has a promotion for US shoppers on Prime Day, the 48-hour marketing blitz that started recently: earn $10 of credit if you let Amazon track the websites you visit. read more
Retail sales jump in May ahead of expected rate cuts

Retail sales jump in May ahead of expected rate cuts

18/07/2019 - 09:24
South Africa’s retail sales rose more than expected in May as sales of household goods, furniture and appliances expanded quickly, a hint that pressure on consumers was easing ahead of an expected lending rate cut that may further support spending. read more
Johnson & Johnson certain it will prevail in baby powder and opioid lawsuits

Johnson & Johnson certain it will prevail in baby powder and opioid lawsuits

17/07/2019 - 14:00
Johnson & Johnson (J&J) said that the healthcare conglomerate will come out on the winning side of thousands of legal claims over its baby powder and opioid products.  read more
Large businesses can have life-changing impact on SMEs

Large businesses can have life-changing impact on SMEs

17/07/2019 - 10:11
It is now widely accepted that South Africa’s potential to create jobs and drive prosperity will most likely be unleashed if the small and medium enterprise (SME) sector is nurtured and flourishes.  read more
Broll’s latest SA Retail Snapshot puts the spotlight on cashless payment systems and contactless connectivity

Broll’s latest SA Retail Snapshot puts the spotlight on cashless payment systems and contactless connectivity

17/07/2019 - 09:56
Shopper spending habits and how consumers purchase goods and services have changed significantly especially over the last few decades with the advent of cashless payment systems and contactless connectivity. read more
SA investment in marketing communications is sound

SA investment in marketing communications is sound

17/07/2019 - 09:45
SA’s investment in marketing communications stands at 2.7% of marketing spend related to turnover – just 0.2% lower than that of the UK and a healthy sign for SA’s marketing industry as a whole. This is according to the 2018 Agency Scope analysis, which analyses input from approximately 2,500 marketers in 12 countries globally.  read more
Libertas appoints new cellar-master at Nederburg

Libertas appoints new cellar-master at Nederburg

17/07/2019 - 09:25
Seasoned, award-winning winemaker Lizelle Gerber is joining Nederburg Wines in Paarl as its new cellar-master, from 1 August.  read more
Cancer drugs help Johnson & Johnson raise sales outlook

Cancer drugs help Johnson & Johnson raise sales outlook

17/07/2019 - 08:41
Johnson & Johnson raised its full-year sales forecast as demand for its cancer drugs Darzalex and Imbruvica helped it exceed estimates for second-quarter profit on Tuesday. read more
Burberry's new logo-strewn design is a surprise hit

Burberry's new logo-strewn design is a surprise hit

16/07/2019 - 14:49
Strong demand for designer Riccardo Tisci’s new fashion ranges helped revenue at British label Burberry grow faster than expected in the first quarter, sending its shares soaring as a high stakes overhaul showed early signs of promise. read more
Nintendo shares jump on imminent launch of Switch Lite

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. read more
Footgear quick off the mark with acquisition of Edgars Active and High Key from Edcon

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.  read more
Cannabis investors may be in for an unpleasant surprise

Cannabis investors may be in for an unpleasant surprise

16/07/2019 - 08:38
Cannabis investors banking on profitability in the second half of the year may have another thing coming: More losses at best, and maybe a surprise stack of write-downs. read more
The Foschini Group - the notable exception in SA

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. read more
Technology is fundamentally altering the relationship between brands and consumers

Technology is fundamentally altering the relationship between brands and consumers

15/07/2019 - 16:44
Both businesses and societies that have accelerated their digital transformation efforts have been rewarded with faster growth. In fact, digital transformation has the potential to unlock the value of about R5-trillion across multiple industries in the next decade, potentially moving the needle of economic growth in SA. So said Wayne Hull, MD of Accenture Digital, at the annual IAB Summit earlier this year. read more
Woolies, Anglo, Sappi stock in demand

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.  read more
Cape Town vs Johannesburg- where are retailers really winning?

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. read more
Constant sales promotions can harm retailers in the long run

Constant sales promotions can harm retailers in the long run

15/07/2019 - 10:24
Cash-strapped consumers have become addicted to sales promotions, and retailers worry whether they will get the right price for their products. read more
Walmart must hire someone who can stop the bleeding at its online business

Walmart must hire someone who can stop the bleeding at its online business

15/07/2019 - 09:55
Walmart has a hole to fill at its online unit, and whoever assumes the role faces a big challenge ahead. read more
SAB appoints new vice president corporate affairs, Zoleka Lisa

SAB appoints new vice president corporate affairs, Zoleka Lisa

12/07/2019 - 09:53
South African Breweries (SAB) announced that it has appointed Zoleka Lisa as its vice president corporate affairs for South Africa, from 01 July 2019. read more
Poultry body defends call for 82% chicken tariffs

Poultry body defends call for 82% chicken tariffs

12/07/2019 - 08:50
The South African Poultry Association (Sapa) has defended its decision to call for a hike in chicken imports tariffs to 82 percent, up from the current 37 percent. read more
Manufacturing output remained tepid in May

Manufacturing output remained tepid in May

11/07/2019 - 15:56
SA's manufacturing sector grew a marginal 1% year on year in May but failed to hold onto a surge experienced in April, when the sector rebounded after being hit by load-shedding in first quarter of 2019. read more
Woolworths shares hit six-month high on solid sales growth

Woolworths shares hit six-month high on solid sales growth

11/07/2019 - 13:57
The retailer’s food business has bolstered results amid an upturn in the fashion, beauty and home segment. read more
Brait's struggling UK retailer New Look turning a corner

Brait's struggling UK retailer New Look turning a corner

11/07/2019 - 11:30
Investment holding company Brait says its UK high-street retailer New Look, which was largely responsible for the dismal performance it reported in June, is now better positioned to turn the corner. read more
Unemployed KwaMashu matriculants' garden project bears much fruit

Unemployed KwaMashu matriculants' garden project bears much fruit

11/07/2019 - 10:29
“We believe that by cultivating the soil we can uplift our community," says Sabelo Mdlalosi, a founding member of the Iqabungelihle garden project in Kwamashu near Durba read more
Nestlé Waters teams up with Ocean Legacy for plastic waste clean-up

Nestlé Waters teams up with Ocean Legacy for plastic waste clean-up

11/07/2019 - 09:44
Nestlé’s bottled water division Nestlé Waters, owner of Perrier and Vittel, says it will team up with Canada’s Ocean Legacy Foundation to help to clean up plastic pollution. read more
Naspers's Superbalist eyes R1bn in annual private-label sales

Naspers's Superbalist eyes R1bn in annual private-label sales

11/07/2019 - 09:31
Superbalist, the SA online fashion retailer owned by Naspers, expects to generate more than R1bn in annual revenue from its private-label, or in-house products, within the next three years. read more
SA trade conditions remain under pressure - index

SA trade conditions remain under pressure - index

10/07/2019 - 16:11
Trade conditions in South Africa remained under pressure in June 2019, according to the South African Chamber of Commerce and Industry (Sacci). read more
Libstar launches world-class par-bake facility

Libstar launches world-class par-bake facility

10/07/2019 - 14:51
Libstar, a leading producer and marketer of high-quality products in the consumer packaged goods (CPG) industry, has further increased its competitiveness by expanding one of its facilities to meet key client requirements offering par-baked goods by converting a section of the group’s Amaro Foods’ facility in Epping, Cape Town, into a world-class par-bake facility.  read more
Hisense’s new B2B offering gains traction as business in Africa booms

Hisense’s new B2B offering gains traction as business in Africa booms

10/07/2019 - 10:54
Hisense, supplier of affordable and high-quality electronic goods, is rapidly gaining traction across the continent’s business-to-business market and is poised to become a significant player in Africa, where it is already a leader within the consumer goods category.  read more
Collaborative planning, forecasting, and replenishment in the retail supply chain

Collaborative planning, forecasting, and replenishment in the retail supply chain

10/07/2019 - 08:56
Grocery retailers often find themselves facing the challenges of overstocking, understocking, missed sales and expired stock. Collaborative planning, forecasting, and replenishment (CPFR) is a framework that has been developed to address these challenges.  read more
Aldi launches new Vegan brand

Aldi launches new Vegan brand

10/07/2019 - 08:30
The first product in the range is a high-protein quarter pounder burger which costs £1.99 for a pack of two. It is made with soya and pea protein and flavoured with smoked salt to give a chargrilled flavour. read more
PepsiCo's decision to sell smaller cans pays off

PepsiCo's decision to sell smaller cans pays off

10/07/2019 - 08:19
Beverage sales rise as new packaging strategy helps company attract more consumers. read more
How digitalisation is changing the job market - Is South Africa prepared?

How digitalisation is changing the job market - Is South Africa prepared?

08/07/2019 - 15:05
It goes without saying that digital disruption is changing how we work, live and play. On the one hand, technology and the digital ecosystem are exciting, opening up new frontiers of convenience and connectivity (among other benefits). On the other hand, it’s a scary place for job seekers either already in the workforce or, who are just leaving school or tertiary institutions to enter for the first time. read more
Cyril Ramaphosa wants SA to embrace 4IR

Cyril Ramaphosa wants SA to embrace 4IR

08/07/2019 - 14:49
President Cyril Ramaphosa said South Africa must embrace the Fourth Industrial Revolution (4IR) and harness the opportunities it offers in order to eradicate the biggest challenges society faces.  read more
Chinese pork output expected to expand again after 2020, says UN report

Chinese pork output expected to expand again after 2020, says UN report

08/07/2019 - 13:58
Production is projected to fall 5% this year as the country struggles to recover from African swine fever, but some say this figure is likely to be higher. read more
Business confidence edges higher in June

Business confidence edges higher in June

08/07/2019 - 10:12
The SA business chamber, which represents 20,000 small, medium and large enterprises has urged President Cyril Ramaphosa to swiftly implement his promised reforms. read more
Africa Automation Fair sheds light on the 4IR in SA industry

Africa Automation Fair sheds light on the 4IR in SA industry

08/07/2019 - 09:47
It is no surprise, we are living in a connected society where most people have access to smart mobile devices. Having quick access to information has become an extension of our existence. We have begun to see internet access, among other things, becoming cheaper and far more accessible than ever before. Technology is spawning autonomous vehicles; processes and we are even seeing a rise in Artificial Intelligence (AI) in everyday devices. read more
Steinhoff CFO to step down

Steinhoff CFO to step down

08/07/2019 - 09:29
Finance boss Philip Dieperink will be replaced by operations director Theodore de Klerk. read more
Finalists in the Sunday Times Lifestyle Beer Awards announced

Finalists in the Sunday Times Lifestyle Beer Awards announced

08/07/2019 - 09:05
The Sunday Times Lifestyle Beer Awards in partnership with Makro announced the finalists across five categories in this inaugural competition. The Awards celebrate the creators and retailers of local and internationally crafted beers and will present as a guide to the best beers on the market. read more
Government reviewing its policy on single-use plastics

Government reviewing its policy on single-use plastics

05/07/2019 - 15:26
The government is reviewing its policy on single-use plastics and intends to complete this process by the end of this financial year. read more
Shoprite Group spreads joy among East Rand preschoolers

Shoprite Group spreads joy among East Rand preschoolers

05/07/2019 - 14:55
“Thank you, Checkers, for building our school from the inside out.” read more
Unilever's former chief moves on with plan to fix the world

Unilever's former chief moves on with plan to fix the world

05/07/2019 - 09:26
Paul Polman, the Dutchman who ran Unilever for almost a decade with a social slant, will push further in that direction now that he’s leaving - creating a group to help combat poverty and climate change. read more
Embracing a new UX and CX journey

Embracing a new UX and CX journey

05/07/2019 - 09:10
User experience (UX) and customer experience (CX) are vital business elements that have evolved significantly in recent years thanks to the availability of more innovative technology. This has also impacted how organisations are embracing their approaches to customer engagement. read more
Sky City Mall opens and there’s more to come this year

Sky City Mall opens and there’s more to come this year

04/07/2019 - 15:31
The R155 million first phase of the new Sky City Mall, catering for the residents of Waterval, Palm Ridge, and Kathlehong some 35km south east of Johannesburg in Gauteng’s Ekurhuleni Metro, is trading well since opening its doors to scores of shoppers on 18 April.  read more
Comparison tools lead the way for price transparency in e-commerce

Comparison tools lead the way for price transparency in e-commerce

04/07/2019 - 15:09
Online shopping has become increasingly popular amongst South African consumers. Convenience, competitive pricing, and a wide choice of products make online purchasing a no-brainer for tech-savvy shoppers, but retailers need to stay ahead of the curve when it comes to standing out against the competition. read more
JD Sports counters retail gloom with global expansion

JD Sports counters retail gloom with global expansion

04/07/2019 - 09:40
JD Sports, Britain’s biggest sportswear retailer, bucked retail sector gloom yet again, as it predicted full-year profit will meet expectations on strong sales from new stores and growing demand for gym wear by trendy youngsters. read more
SA retail 'squandering' sales growth - client experience expert

SA retail 'squandering' sales growth - client experience expert

04/07/2019 - 09:18
Local business leaders could be losing out on significant bottom-line gains for not paying attention to customer service. read more
Sainsbury's reports another decline in quarterly sales

Sainsbury's reports another decline in quarterly sales

04/07/2019 - 08:27
British supermarket group Sainsbury’s reported a third consecutive quarter of declining underlying sales, hurt by weak clothing and general merchandise markets. read more
Truworths falls 6% on JSE after restructure call

Truworths falls 6% on JSE after restructure call

03/07/2019 - 15:32
Truworths fell more than 6 percent on the JSE after it told investors that it had approached lenders to embark on steps to restructure the R801 million debt of its UK-based Office shoe brand, whose operational performance has continued to deteriorate. read more
Global share gains wane on concern about world economy

Global share gains wane on concern about world economy

03/07/2019 - 09:02
Stocks eked out meagre gains amid worries the global economy was faltering after data showed manufacturing activity slowed last month, weakening appetite for risk. read more
Parliament's new finance chair promises to wrap up Steinhoff, VBS probes

Parliament's new finance chair promises to wrap up Steinhoff, VBS probes

03/07/2019 - 08:51
Newly-elected chairperson of Parliament's standing committee on finance, Joe Maswanganyi, says the Steinhoff and VBS sagas will "reach a conclusion" under his watch as committee head. read more
To drive consumer behaviour, you need to address the entire supply chain

To drive consumer behaviour, you need to address the entire supply chain

03/07/2019 - 08:33
Changing consumer behaviour and creating loyalty throughout the supply chain are areas every FMCG manufacturer is trying to achieve. read more
Rising income inequality a threat to growth in SA, warns Moody’s

Rising income inequality a threat to growth in SA, warns Moody’s

03/07/2019 - 08:23
Moody’s Investors Service, the last remaining credit ratings agency to hold SA at investment grade, has warned that rising income inequality could curtail growth, potentially compromising a country’s credit profiles.  read more
AB InBev maker hopes to raise $10bn in Hong Kong IPO

AB InBev maker hopes to raise $10bn in Hong Kong IPO

02/07/2019 - 14:47
The company that makes Stella Artois and Budweiser hopes to raise almost $10bn by listing on the Hong Kong stock exchange, marking what would be the world’s biggest initial public offering (IPO) this year, a report said.  read more
Coty slides as turnaround plan includes $3bn writedown

Coty slides as turnaround plan includes $3bn writedown

02/07/2019 - 13:34
Cosmetics maker Coty will take a $3bn write-down as its aging mass-market brands face new competition from savvy upstarts in the booming beauty industry. read more
Boots confirms plan to shut 200 stores

Boots confirms plan to shut 200 stores

02/07/2019 - 12:54
Boots has confirmed that it plans to close 200 stores over the next 18 months, equal to just under 10% of the health & beauty chain’s standalone outlets.  read more
Winning the hearts of consumers through local relevance

Winning the hearts of consumers through local relevance

02/07/2019 - 11:18
DNA Brand Architects recently won the SA Campaign of the Year prize at the Prism Awards for a five-part digital series it had created for Lion Lager. In response to the challenge of reintroducing an “old” brand to a young audience and making it relevant, this agency chose a culturally relevant concept that would resonate with the target audience: the payment of lobola. read more
With large chunk of debt looming, Truworths’s UK business seeks a workaround

With large chunk of debt looming, Truworths’s UK business seeks a workaround

02/07/2019 - 10:40
Truworths International says its UK subsidiary, Office, is considering a debt restructuring ahead of a hefty repayment due in late 2020. read more
Builders blooms at SANA Awards

Builders blooms at SANA Awards

01/07/2019 - 14:37
The winter chill has set in, but the garden centres at Builders are blooming. The home improvement, DIY and building material retailer has, once again, scooped a basketful of awards at the Annual South African Nursery Association (SANA) Convention held from 13 June 2019.  read more
Walmart aims to list minority stake in Japan unit Seiyu

Walmart aims to list minority stake in Japan unit Seiyu

01/07/2019 - 14:29
Walmart said it aims to list its Japanese supermarket unit Seiyu while keeping a majority stake in the business, amid on-and-off speculation the US retail giant was looking to exit Japan where it has struggled to grow. read more
Pick n Pay trials nude fruit and vegetable wall

Pick n Pay trials nude fruit and vegetable wall

01/07/2019 - 11:23
Pick n Pay has launched a ‘nude’ fruit and vegetable produce wall – a dedicated plastic and packaging-free zone in 13 stores across the country as part of a trial to measure customers’ readiness to switch from pre-packaged food to loose products.  read more
Inducing consumer paralysis: how retailers bury customers in an avalanche of choice

Inducing consumer paralysis: how retailers bury customers in an avalanche of choice

01/07/2019 - 10:35
Do you think you are paying more than you should for energy, banking, insurance, internet, and phone services? You are not alone, and you are probably right.  read more
Dis-Chem profit margins down, so is executive pay

Dis-Chem profit margins down, so is executive pay

01/07/2019 - 10:22
Dis-Chem Pharmacies has paid its chief executive Ivan Saltzman a total remuneration package of R12.84million for the year to end-February, declining by 21.87 percent compared with R16.43m in 2018, with the group stating profit targets were not met during the year. read more
Slow growth expected to knock SA's exports

Slow growth expected to knock SA's exports

01/07/2019 - 08:15
SA’s trade balance will remain volatile in 2019 as the global growth slowdown takes a toll on the country’s exports. read more
Jack's Paint bucks the recessionary trend with new stores

Jack's Paint bucks the recessionary trend with new stores

28/06/2019 - 11:01
Tough economic conditions are encouraging more independent retailers to seek the protection of a strong franchise. That’s the experience of paint and hardware company Jack’s Paint, which has opened two stores in the past six months, bringing the number of outlets to just under 100. read more
Entries are open for the 2019 Financial Mail AdFocus Awards

Entries are open for the 2019 Financial Mail AdFocus Awards

28/06/2019 - 10:47
Entries have opened for the 2019 Financial Mail AdFocus Awards.  read more
Public Investment Corporation pressured by union to rescue Edcon

Public Investment Corporation pressured by union to rescue Edcon

28/06/2019 - 10:29
South Africa’s biggest labour union federation Cosatu signaled a "massive fight" with the ANC if state-owned fund manager the Public Investment Corporation failed to rescue the country’s second-largest clothing retailer, Edcon Holdings.  read more
Amazon launches new in-store pickup option with Rite Aid as first partner

Amazon launches new in-store pickup option with Rite Aid as first partner

28/06/2019 - 10:14
Amazon.com has steadily added options for customers to receive their packages including in car trunks, inside home garages and potentially by drone.  read more
Woolworths partners with Government to launch their first intake from the YES youth initiative programme

Woolworths partners with Government to launch their first intake from the YES youth initiative programme

28/06/2019 - 09:21
Woolworths is pleased to announce the official launch of its first intake of candidates from the Youth Employment Services (YES) programme, a government-led partnership with business, labour and civil society which aims to empower one million young South Africans by offering paid, quality work experience.  read more
German retailer Metro says €5.8bn takeover bid is too low

German retailer Metro says €5.8bn takeover bid is too low

27/06/2019 - 09:22
Metro said that an unsolicited offer by two prominent investors to take over the German retailer substantially undervalues it and advised shareholders to hold off on taking action until management comments further.  read more
How the Crazy Store manages to buck the retail trend

How the Crazy Store manages to buck the retail trend

27/06/2019 - 08:59
Walk into virtually any shopping mall in SA, and it seems you'll find a Crazy Store. From humble beginnings, the discount retailer has become a 374-chain - and counting. read more
Old Mutual Trophy Spirits Show - A spirited start

Old Mutual Trophy Spirits Show - A spirited start

27/06/2019 - 08:42
With judging completed at the inaugural Old Mutual Trophy Spirits Show (OMTSS), it is clear that the competition – the first of its kind in South Africa – has been a resounding success. Attracting 210 entries across a wide range of categories and classes, the OMTSS brought together an extraordinary line-up of spirits, aperitifs, digestives, and liqueurs.  read more
Pick n Pay's surprise clothing dash leaves local shopper smiling all the way to the bank

Pick n Pay's surprise clothing dash leaves local shopper smiling all the way to the bank

26/06/2019 - 14:42
Whatever clothing you can put on in 52 seconds is free. This was the challenge put to Arisha Soodhin yesterday, 25 June 2019, when she was shopping with her mom in the Pick n Pay Pavilion Clothing Store in Westville, KwaZulu-Natal.  read more
Cannabis beauty products broaden appeal of cannabis investment

Cannabis beauty products broaden appeal of cannabis investment

26/06/2019 - 10:48
Cannabis beauty products broaden the appeal of South Africa investing in legitimate cannabis cultivation as it adds to the multi-billion rand market for cannabis medical products.  read more
SA’s fastest growing convenience retail brand, FreshStop, turns 10

SA’s fastest growing convenience retail brand, FreshStop, turns 10

26/06/2019 - 10:36
It’s hard to imagine that just 10 years ago, the consumer’s experience of shopping in a forecourt convenience store (c-store) was completely different. In the 2000’s, forecourt convenience retail was still dominated by garage stores that specialised in the 5c’s – cigarettes, chips, chocolates, instant coffee and cool drinks. However, the industry was about to change dramatically as new players entered the fray.  read more
The strategic readiness of a team

The strategic readiness of a team

26/06/2019 - 09:53
In the business world, a strategy is only as good as the team responsible for implementing it. All too often a strategy is presented with great fanfare, yet a few months down the line it will not have been activated as set out in the original plan. The first step in finding out what went wrong is to look at the variables at play before the strategy was revealed. read more
How to hyper-personalise your digital communications

How to hyper-personalise your digital communications

26/06/2019 - 09:46
There was a time, not all that long ago, when personalising digital communications simply meant addressing your customers by name. We’ve come a long way since then. Today’s customers expect to receive communications that are relevant, arrive at the right time, and via the channel, they’re most comfortable using.  read more
Transforming the customer retail experience with future fit technology

Transforming the customer retail experience with future fit technology

26/06/2019 - 09:19
Although the South African retail sphere is currently hindered by a slow economy and weak consumer confidence, technology is presenting opportunities to radically transform the customer experience and boost bottom line sales.  read more
New Look losses mount as Brexit, rain keeps shoppers away

New Look losses mount as Brexit, rain keeps shoppers away

26/06/2019 - 09:03
British fashion chain New Look reported a bigger annual pretax loss, hurt by a large charge, while Brexit woes and rainy weather kept many shoppers out of its stores.  read more
Consumers relying more on credit to survive

Consumers relying more on credit to survive

26/06/2019 - 08:38
Consumers are increasingly relying on their credit cards and personal loans for daily survival, the latest statistics from one of the major credit bureaus reveal. read more
Gen Next: Micro-influencers offer authentic engagement

Gen Next: Micro-influencers offer authentic engagement

25/06/2019 - 15:31
Today’s youth consumes a collective $44bn of spending power. However, traditional advertising appeals less to today’s youth than to previous generations. In this environment, influencer marketing has shown exponential growth in recent years. read more
SA’s growth prospects pick up a little in April

SA’s growth prospects pick up a little in April

25/06/2019 - 14:26
The Reserve Bank’s leading indicator signals activity increased slightly in April from March, with more building plans approved and more jobs advertised. read more
Pick n Pay and FoodForward SA aim for 2 million meals with Mandela Day Food Drive

Pick n Pay and FoodForward SA aim for 2 million meals with Mandela Day Food Drive

25/06/2019 - 12:57
Pick n Pay and FoodForward SA have launched their third annual Mandela Day Food Drive and invite all South Africans to contribute towards the ambitious goal of collecting 500 tonnes of food – enough to produce two million meals. read more
Woolworths Beauty goes 100% vegan

Woolworths Beauty goes 100% vegan

25/06/2019 - 09:08
Woolworths is driving the vegan lifestyle into the mainstream in South Africa with its announcement that its WBeauty ranges are 100% vegan. This is in step with worldwide trends, where more and more consumers are turning to veganism, which excludes the consumption of all animal products and products with animal-derived ingredients, as a more ethical lifestyle that is gentler on the Earth.  read more
Kit Kat Group team members join forces to give hope to local communities

Kit Kat Group team members join forces to give hope to local communities

25/06/2019 - 08:58
Helping needy local communities has become a cornerstone of the Kit Kat Group’s annual outreach. This year, for the tenth consecutive year, the group has donated blankets that its staff members have handed out to local community members, hospitals and schools. Over 700 blankets are donated annually each winter, providing much-needed warmth to recipients. read more
Sainsbury's opens UK's first meat-free butchers

Sainsbury's opens UK's first meat-free butchers

24/06/2019 - 15:35
Launched during World Meat Free Week, the pop shop is a traditional style butchers offering customers a range of cuts, joints and sausages derived from plant-based alternatives such as mushroom, jackfruit, and pea protein. read more
France's Carrefour takes steps to exit China with Suning.com deal

France's Carrefour takes steps to exit China with Suning.com deal

24/06/2019 - 15:02
Carrefour, Europe’s largest retailer, took a decisive step on Sunday towards a full exit of the Chinese market by selling a majority stake of its activities in the country to Suning.com. read more
Pernod Ricard acquires Italian gin brand Malfy

Pernod Ricard acquires Italian gin brand Malfy

24/06/2019 - 13:34
Pernod Ricard’s stand-alone gin brand The Gin Hub has confirmed its purchase of Italian gin brand Malfy. The Gin Hub claims the resultant increased portfolio breadth will drive growth in the Super-Premium Gin category. read more
Amazon's phenomenal brand value growth

Amazon's phenomenal brand value growth

24/06/2019 - 08:34
With little sign of a growth slowdown, Amazon has become the world’s most valuable brand, according to the 2019 BrandZ Top 100 Most Valuable Global Brands ranking.  read more
10 new rules of retail, according to a trend analyst

10 new rules of retail, according to a trend analyst

24/06/2019 - 08:24
From clothing rentals to shops on demand, retail trends are changing fast, says Dion Chang, trend analyst and founder of Flux Trends. read more
Key insights into the African melon market

Key insights into the African melon market

21/06/2019 - 09:24
IndexBox recently published a new report, the Africa - Melons - Market Analysis, Forecast, Size, Trends, and Insights. Here is a summary of the report's key findings. read more
Laying the groundwork for SA's emerging farmers

Laying the groundwork for SA's emerging farmers

20/06/2019 - 14:27
Smallholder farmers have called on the government to address issues bedevilling the sector to grow the embattled economy. Specifically, they want Thoko Didiza, minister of the newly reconfigured agriculture, land reform & rural development department, to champion their struggles. read more
R600m retail boost on the cards for Port Elizabeth's Boardwalk Precinct

R600m retail boost on the cards for Port Elizabeth's Boardwalk Precinct

20/06/2019 - 13:50
Boardwalk Mall will include the latest shopping and leisure trends.  read more
Foodie experiment using legumes now a Pick n Pay listed business

Foodie experiment using legumes now a Pick n Pay listed business

20/06/2019 - 11:15
Plant-based eating is all the craze of late but two young ecopreneurs knew the potential four years ago when they developed a legume pasta in their home kitchen.  read more
Tesco says no timetable for 'finest' store launch

Tesco says no timetable for 'finest' store launch

20/06/2019 - 09:10
Tesco, Britains biggest retailer, said it is considering a trial of an upmarket convenience store under the 'Tesco finest' banner but has not disclosed when or where the pilot will be launched. read more
Inflation accelerates slightly in May

Inflation accelerates slightly in May

19/06/2019 - 11:24
Inflation accelerated slightly to 4.5% in May, giving impetus to calls for an interest cut in July. read more
HEINEKEN SA sows seeds for greater economic participation through barley farming

HEINEKEN SA sows seeds for greater economic participation through barley farming

19/06/2019 - 11:17
By 2021, HEINEKEN South Africa intends to reduce their South African malt imports significantly, as the barley that the local HEINEKEN brewery requires will be locally grown, through the company’s Barley Emerging Farmers Economic Development (BE-FED) project. read more
Pick n Pay's Fresh Living magazine now available in Braille

Pick n Pay's Fresh Living magazine now available in Braille

19/06/2019 - 09:59
Pick n Pay’s Fresh Living magazine is now available in Braille, making it the first supermarket in South Africa to offer this to its customers.  read more
The impact of compliance on cloud and the payroll

The impact of compliance on cloud and the payroll

19/06/2019 - 09:38
At a time when so much attention is placed on the General Data Protection Regulation (GDPR) of the European Union and the Protection of Personal Information Act (Popia) in South Africa, companies must consider a plethora of permutations when it comes to the hosting of their data. Ian McAlister, General Manager of HR (human resources) and payroll specialists CRS Technologies South Africa, believes this is especially critical when it comes to sensitive HR and payroll data.  read more
Carrefour franchisee to open first Ugandan store

Carrefour franchisee to open first Ugandan store

19/06/2019 - 09:13
Carrefour will open its first store in Uganda this year, expanding in the region after a successful launch in neighbouring Kenya, the Dubai-based operator of the French retailer’s outlets said. read more
Steinhoff announces a near 20bn loss for 2018

Steinhoff announces a near 20bn loss for 2018

19/06/2019 - 08:59
Steinhoff posted a loss of €1.19bn (R19.35bn at current exchange rates) for the year ended September 2018.  read more
H&M’s sales growth fails to ease investors concerns about margin pressure

H&M’s sales growth fails to ease investors concerns about margin pressure

18/06/2019 - 15:41
Fashion retailer H&M reported sales grew for a fourth straight quarter, but also hinted it had needed to invest more to boost its online business, disappointing investors already concerned about margin pressure. read more
Fashion house Chanel parades its independence as profits rise

Fashion house Chanel parades its independence as profits rise

18/06/2019 - 12:49
Luxury fashion group Chanel, whose star designer Karl Lagerfeld died in February, reported higher annual sales and profits and once again reaffirmed its independence, stating it was not for sale. read more
A Woolworths window display wins big in London

A Woolworths window display wins big in London

18/06/2019 - 11:34
A Woolworths window display that incorporated milk bottles and plastic hangers has snapped up a prestigious global award.  read more
Plans to reshape the clothing industry

Plans to reshape the clothing industry

18/06/2019 - 10:19
A master plan submitted to the Department of Trade and Industry (dti) aims to improve the country's ailing clothing and textile industry.  read more
Meridian Holdings invests in Cape Wine Academy

Meridian Holdings invests in Cape Wine Academy

14/06/2019 - 14:12
This year, the Cape Wine Academy celebrates 40 years of presenting their wine courses to industry and private enthusiasts. We are also pleased to announce that as of 1 July 2019, Meridian Holdings will be the sole shareholder of the Academy committed to investing in a bright future in wine education for all for South Africans.  read more
Shoprite Angola makes substantial food donation

Shoprite Angola makes substantial food donation

14/06/2019 - 11:30
More than 2300 children across Angola recently benefited from food donations from all 14 Shoprite stores in the country. read more
Zara owner Inditex shakes off chill with strong second quarter start

Zara owner Inditex shakes off chill with strong second quarter start

14/06/2019 - 11:22
Zara owner Inditex bounced back from a weak start to 2019, when unseasonably cold weather in southern Europe stifled sales for the Spanish fashion group, with a strong performance in the first weeks of the second quarter. read more
Five things you need to know about the pharmaceutical industry

Five things you need to know about the pharmaceutical industry

14/06/2019 - 11:10
The pharmaceutical sector - both locally and globally - is following suite with general retail and going through uncertain times. More consumers are shopping the basics with baskets of necessities only. As CEO of the Shoprite Group, Pieter Engelbrecht, said in response to their interim results (which speak for the average South African), “In the external operating environment, economic conditions have left the group's core customer under significant financial pressure.” read more
Zimbabwe's farmers smell the tea and coffee

Zimbabwe's farmers smell the tea and coffee

14/06/2019 - 09:50
Farmers in Zimbabwe’s Eastern Highlands are smelling the tea and coffee.  read more
Trade body will have a bone to pick in poultry tarrif case

Trade body will have a bone to pick in poultry tarrif case

14/06/2019 - 09:30
Those with intimate knowledge of the tariff application say that ITAC's position is akin to a zero-sum game, where they may have to choose between exposing local poultry producers to cheap imports they cannot compete with, or raising consumer prices for poultry to impossibly high levels. read more
2019 Sunday Times Gen Next winners announced

2019 Sunday Times Gen Next winners announced

14/06/2019 - 09:01
Nike was once again awarded as the Uber Cool Overall winner at the 15th Sunday Times Gen Next Awards, held in Sandton. It is the fifth year in succession that Nike has maintained the top spot in the survey conducted by HDI Youth Consultancy, which polls more than seven thousand South African youths between the ages of 8 and 23 on what they find on-trend and aspirational. Nike was also awarded as the Coolest Clothing Brand, the Coolest Footwear Brand, and continues to hold the Coolest Brand Slogan. read more
SA's first citrus shipment arrives in China

SA's first citrus shipment arrives in China

13/06/2019 - 15:39
The historic shipment of 5 200 tons of citrus in a breakbulk vessel has arrived at Shanghai Port in the People’s Republic of China. read more
The problem with influencer marketing

The problem with influencer marketing

13/06/2019 - 15:16
Brands looking to embark on or develop an influencer marketing strategy need to think carefully about their choice of person and how believable the message is. That warning has been sounded by Anne Dolinschek, founder of specialist agency Nflu#ntial. read more
Increase in sales reflect stronger second quarter

Increase in sales reflect stronger second quarter

13/06/2019 - 10:41
Data from Statistics South Africa (StatsSA) showed that retail sales in April increased 2.4percent year-on-year - the strongest gain in retail trade in six months, providing further evidence that the economy began the second quarter on a firmer footing following the first quarter’s 3.2percent plunge. read more
Shoprite opens its first distribution centre in Botswana

Shoprite opens its first distribution centre in Botswana

13/06/2019 - 09:40
Shoprite Botswana recently opened its own world-class distribution centre (DC) in Taung, Gaborone. read more
British online fashion retailer Boohoo bucks subdued industry trend

British online fashion retailer Boohoo bucks subdued industry trend

13/06/2019 - 09:12
British online fashion group Boohoo bucked a tough retail market with robust sales growth in its latest quarter as its offer of cheap clothing, delivered quickly, chimed with shoppers. read more
Woolworths share price recovers on renewed optimism

Woolworths share price recovers on renewed optimism

13/06/2019 - 09:04
Shares in Woolworths have rebounded in recent weeks, thanks to a recovery in the sector and optimism that the worst may be over for the high-end retailer, whose foray into Australia has proven costly for investors. read more
Retail sales jump in April, giving hope of avoiding a recession

Retail sales jump in April, giving hope of avoiding a recession

12/06/2019 - 15:44
SA’s retail sales jumped 2.4% in April, led by clothing retailers, adding to hopes that a technical recession may be avoided in the second quarter. read more
SA stokvels collectively save R44bn annually

SA stokvels collectively save R44bn annually

11/06/2019 - 16:04
A total of R44 billion is collectively saved in 820 000 stokvels in South Africa annually, with more than 11 million South Africans being members of stokvels, according to Nedbank research. read more
DHL rolls out e-commerce platform to more African markets following initial success

DHL rolls out e-commerce platform to more African markets following initial success

11/06/2019 - 15:56
Following the success of the DHL Africa eShop app in 11 countries across Sub Saharan Africa, DHL Express has announced that its innovative mobile and desktop platform has been rolled out in nine more countries across the continent. read more
Six steps to successful customer relationship management

Six steps to successful customer relationship management

11/06/2019 - 15:24
More than ever, businesses are looking for powerful ways to promote their goods and activate more sales. This should include beefing up customer relationship management (CMR) systems to streamline communication with potential clients and encourage more sales. Here are six steps to sprucing up your CRM and captivating customers at every touch point along the way.  read more
Brand champions, ambassadors and advocates

Brand champions, ambassadors and advocates

11/06/2019 - 14:55
Paying people to promote brands has long been a contentious – and confusing – issue in the industry. There is confusion around the terminology, what they’re actually called, and controversy and cynicism about whether it’s an effective way to market a brand or not. read more
Shoprite Group takes on youth upskilling

Shoprite Group takes on youth upskilling

11/06/2019 - 10:22
Recognising the sacrifices South Africa’s youth continue to make to improve their education, even as youth unemployment reaches 55.2%, the Shoprite Group continues to upskill thousands of people every year.  read more
Weak economy set to affect pension savings

Weak economy set to affect pension savings

10/06/2019 - 16:06
The 3.2 percent contraction in South Africa’s economy in the first quarter of this year will have a negative impact on retirement fund members, particularly if it becomes entrenched, financial services provider Momentum Corporate said. read more
All systems go for Atteridgeville R1.2bn Capital Mall

All systems go for Atteridgeville R1.2bn Capital Mall

10/06/2019 - 15:48
The much-anticipated R1.2 billion Capital Mall in Atteridgeville will go ahead despite efforts to halt its construction on the basis that it would “cannibalise” smaller shopping centres in the vicinity.  read more
Zimbabwe retailers forge ahead despite systemic constraints

Zimbabwe retailers forge ahead despite systemic constraints

10/06/2019 - 15:36
Zimbabwe’s biggest retail operator, OK Zimbabwe is revamping its outlets and plans to open more stores, riding on the back of a 37 percent revenue increase and limited exposure to foreign currency woes afflicting other operators and industries in the country. read more
SA’s weak economic growth will weigh on local banks in 2019, Moody’s says

SA’s weak economic growth will weigh on local banks in 2019, Moody’s says

10/06/2019 - 15:30
SA’s weak economic growth prospects will weigh on the performance of local banks in 2019, but this situation will be manageable, Moody’s Investors Service said. read more
More entrepreneurs making the migration to online

More entrepreneurs making the migration to online

10/06/2019 - 15:23
Naseema Adams has had enough. She has decided to close her women’s clothing store after four years. read more
TymeBank nearly at 500,000 clients, ARC Investments says

TymeBank nearly at 500,000 clients, ARC Investments says

10/06/2019 - 15:15
TymeBank is on track to have 500,000 clients within the next three weeks, according to parent company African Rainbow Capital Investments (ARC Investments). read more
FedEx to end Amazon contract for air delivery service

FedEx to end Amazon contract for air delivery service

10/06/2019 - 15:04
FedEx says it has decided to not renew its contract with Amazon.com for US cargo delivery through FedEx Express, the unit that delivers packages on planes.  read more
Foschini, Clicks offering good returns

Foschini, Clicks offering good returns

10/06/2019 - 14:55
Prospects for retail sector companies on the JSE had withered this year in line with the slumping economy, but there were outliers, such as Foschini and Clicks, providing good returns for shareholders in the sector, analysts said. read more
Walmart worries that US tariffs will raise Mexican fresh produce prices

Walmart worries that US tariffs will raise Mexican fresh produce prices

10/06/2019 - 14:40
Walmart CEO Doug McMillon says the retailer is concerned that fresh produce prices would rise if tariffs are placed on imports from Mexico.  read more
Blockchain’s appeal is limited for retail banks

Blockchain’s appeal is limited for retail banks

10/06/2019 - 14:19
Retail banks have been slower to embrace blockchain technology and face greater challenges in reaping its potential benefits than their more adventurous counterparts in the investment-banking world, according to new research from McKinsey & Co. read more
Woolworths appoints former Alfred Dunhill CEO as a director

Woolworths appoints former Alfred Dunhill CEO as a director

10/06/2019 - 14:10
High-end retailer Woolworths has appointed Christopher Colfer, a former CEO of Richemont’s Alfred Dunhill business, as an independent non-executive director, with effect from July 1. read more
Steinhoff, Tongaat woes raise auditor scrutiny

Steinhoff, Tongaat woes raise auditor scrutiny

10/06/2019 - 13:57
Steinhoff's [JSE:SNH] financial scandal and sugar maker Tongaat Hulett’s [JSE:TON] admission it may need to restate results is spurring South African auditors to weigh tougher measures for the profession. read more
Digital disruptors: these are the threats and challenges in SA fintech

Digital disruptors: these are the threats and challenges in SA fintech

10/06/2019 - 13:30
Access RMB’s analysis of 2019’s most influential and disruptive financial services companies in the SA fintech space. read more
Pick n Pay's Richard Brasher earned R32m in year to March

Pick n Pay's Richard Brasher earned R32m in year to March

10/06/2019 - 13:09
Pick n Pay CEO Richard Brasher, the former head of Tesco in the UK who is credited with turning around the SA grocery retailer since joining in 2013, was paid R32m for the group’s 2019 financial year. read more
Sainsbury’s ditches plastic bags in fruit & veg and bakery aisles

Sainsbury’s ditches plastic bags in fruit & veg and bakery aisles

07/06/2019 - 14:21
Sainsbury’s has announced its latest moves to reduce the amount of plastic it uses. This includes the retailer removing the plastic bags in its stores used for loose fruit, vegetables, and bakery items. read more
Ackermans receives top nod in new kids category at 2019 Beeld Reader’s Choice Awards

Ackermans receives top nod in new kids category at 2019 Beeld Reader’s Choice Awards

07/06/2019 - 10:23
South Africa’s leading value retailer Ackermans has been announced as the Platinum winner in the Children’s Clothing Store category at the 2019 Beeld Reader’s Choice Awards. read more