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Ackermans launches futuristic concept store

Ackermans launches futuristic concept store

16/10/2019 - 16:17
Ackermans, one of South Africa’s longest-standing value retailers, launched its first technology-driven concept store in Sandton City, Johannesburg. read more
Pioneer shareholders give nod to PepsiCo deal

Pioneer shareholders give nod to PepsiCo deal

16/10/2019 - 08:25
Shareholders of Pioneer Foods, the owner of brands such as Sasko bread and Ceres juices, have voted almost unanimously in favour of delisting the company, after a $1.7bn bid by PepsiCo. read more
CBD oil product launching countrywide in Clicks and Dis-Chem

CBD oil product launching countrywide in Clicks and Dis-Chem

15/10/2019 - 14:43
South Africa’s top health and beauty retailers, Clicks and Dis-Chem, are both rolling out the Elixinol range of CBD full-spectrum extract products in October.  read more
Checkers launches long-awaited rewards programme

Checkers launches long-awaited rewards programme

15/10/2019 - 12:20
The wait is over - Checkers Xtra Savings is here! Africa’s largest supermarket group has introduced its latest initiative that shows their loyalty to customers, and not the other way around.  read more
Hyde Park Corner celebrates 50 fabulous years with customers

Hyde Park Corner celebrates 50 fabulous years with customers

14/10/2019 - 15:20
Hyde Park Corner is celebrating its golden anniversary with '50 & Fabulous’ celebrations that include exciting events, lucky draws, prizes, special offers, opportunities to give back, milestone exhibits and a whole lot more in October and November.  read more
Retail apocalypse narrative might be over-exaggerated

Retail apocalypse narrative might be over-exaggerated

14/10/2019 - 13:55
There are two sectors on the JSE that have fallen out of favour - Property and Retail.  read more
Big Black Friday plans for Dion Wired, Builders and Game in 2019

Big Black Friday plans for Dion Wired, Builders and Game in 2019

11/10/2019 - 11:11
Black Friday has grown to be an incredibly important ‘shopping holiday’ for South African retailers with Game and Builders reporting a 24% and 33% sales increase over the period in 2018.  read more
Rising feed costs clip Astral’s wings

Rising feed costs clip Astral’s wings

11/10/2019 - 09:06
Astral Foods, SA’s largest poultry producer, said that rising feed costs and disappointing consumer spending patterns would crop its earnings in the year to end June. read more
Shoprite makes significant positive impact

Shoprite makes significant positive impact

10/10/2019 - 11:01
The Shoprite Group’s significant positive impact in the countries and communities in which it operates have seen it subsidise staple products to the value of R141 million, donate surplus food and goods to the value of R60.4 million and serve more than 20 million meals to communities in need in the 2019 financial year.  read more
Game announces brand refresh and new positioning

Game announces brand refresh and new positioning

09/10/2019 - 10:47
Game has unveiled its reinvigorated brand and new positioning, including a new pay-off line, You’ve Got Game. The refresh aims to reconnect customers with this iconic home-grown brand in a highly engaging and relatable way, while more accurately reflecting the business as it is today – says Katherine Madley, brand and customer director. read more
Clicks riding high on growth profits

Clicks riding high on growth profits

09/10/2019 - 09:32
Pharmaceutical health and beauty retailer Clicks rose to its highest level on the JSE after the group revised up its earlier guidance to investors, saying that it now expected double-digit growth in profits for the year to end August.  read more
Makro has major plans for Black Friday 2019

Makro has major plans for Black Friday 2019

09/10/2019 - 09:11
With Black Friday set to fall on 29 November 2019, a number of South Africans have already begun planning their purchases. read more
Shoprite works to prevent childhood stunting

Shoprite works to prevent childhood stunting

08/10/2019 - 09:46
The Shoprite Group has announced investment in several specific interventions to prevent childhood stunting which leaves one in four South African children under the age of five with lifelong cognitive, educational and employment challenges.  read more
From a rubbish dump to a thriving community garden

From a rubbish dump to a thriving community garden

03/10/2019 - 15:55
Due to the care and dedication of a group of local women, what was once a rubbish dump behind Sediba-Thuto Primary School in Mapetla, Soweto has been transformed into a thriving vegetable garden the size of a soccer field. read more
“Fashion King” David Tlale launches bespoke proudly SA shoe collection

“Fashion King” David Tlale launches bespoke proudly SA shoe collection

03/10/2019 - 15:19
Global fashion maestro, David Tlale — feted around the world for his bold and elaborate designs — has teamed up with iconic shoe brand, Crockett & Jones, to produce a must-have collection of stylish and sophisticated formal footwear for young and trendy men.  read more
Minister lauds Massmart supplier programme

Minister lauds Massmart supplier programme

03/10/2019 - 11:28
Economic development minister Ebrahim Patel has applauded retailer Massmart’s programme to procure products from small, local suppliers, which has reached the R1bn mark. read more
De Beers diamond sales fall 39% in a year

De Beers diamond sales fall 39% in a year

03/10/2019 - 09:28
De Beers’s diamond buyers continued to take the rare opportunity to reject stones from the biggest supplier as the company extended almost unprecedented flexibility to ease a growing crisis. read more
NetFlorist gears up for Black Friday

NetFlorist gears up for Black Friday

03/10/2019 - 08:41
Black Friday falls on 29 November 2019 and NetFlorist is offering consumers extraordinary Black Friday deals and Cyber Monday specials. This is an ideal time to buy Christmas gifts, household appliances, back-to-school items and more.  read more
Smart Shopper named SA’s favourite loyalty programme for seven years running

Smart Shopper named SA’s favourite loyalty programme for seven years running

02/10/2019 - 13:03
Pick n Pay’s Smart Shopper loyalty programme has been named South Africa’s favourite loyalty programme for yet another year.  read more
Markus Jooste dealt a blow in R740m court case

Markus Jooste dealt a blow in R740m court case

02/10/2019 - 10:27
Disgraced Steinhoff CEO Markus Jooste was dealt a blow in the high court in Cape Town on Monday – and now, for the first time, will have to put his case to the court. read more
Some 'farm-fresh milk' in South Africa is actually imported from Poland - Here's how to tell

Some 'farm-fresh milk' in South Africa is actually imported from Poland - Here's how to tell

02/10/2019 - 09:15
Garden-Route-based Woodlands Dairy is reportedly importing some of its milk from Poland to South Africa to be sold under its popular “farm-fresh” long life First Choice milk brand. read more
Rules on production of processed meat will protect consumers, say authorities

Rules on production of processed meat will protect consumers, say authorities

01/10/2019 - 16:09
New regulations to protect local consumers against health and safety risks posed by the production of processed-meat products will come into effect in October. read more
Woolworths CEO receives R190m since disastrous deal Down Under

Woolworths CEO receives R190m since disastrous deal Down Under

01/10/2019 - 09:22
Despite spearheading an ill-fated foray into Australia, Woolworths CEO Ian Moir pocketed R23m in the past year. This brings his total earnings over the past five years to R191m.  read more
Community champions help rural orphans

Community champions help rural orphans

01/10/2019 - 09:14
In 2004, when Charmaine and Andre Krugel were asked by community members of the Huntington Trust in Bushbuckridge, Mpumalanga, to help orphans and vulnerable children in the village, they couldn’t say no. read more
Checkers Hyper reveals world-class flagship store in Sandton City

Checkers Hyper reveals world-class flagship store in Sandton City

26/09/2019 - 14:17
Checkers Hyper revealed its state-of-the-art flagship store in Sandton City, complete with chocolatier bar, an open-flame pizza oven, an in-store Kauai and an extensive range of innovative new products. read more
Pick n Pay runs trial Black Friday deals

Pick n Pay runs trial Black Friday deals

26/09/2019 - 11:22
Ahead of Black Friday 2019, Pick n Pay will run its “Black Friday Trial Run” deals tomorrow. These will test the new systems Pick n Pay has put place to make sure customers can take full advantage of its big deals on Black Friday at the end of November.  read more
Shoprite tackles youth unemployment head-on

Shoprite tackles youth unemployment head-on

26/09/2019 - 09:58
More than two thirds (68%) of the Shoprite Group’s workforce is under the age of 34, and this together with the Group’s focus on skills development and training illustrates its commitment to addressing the scourge of youth unemployment in South Africa. read more
Pick n Pay debt jumps after accounting changes

Pick n Pay debt jumps after accounting changes

26/09/2019 - 09:44
Retailer Pick n Pay said its total debt had increased to R17bn from R1.6bn for the 53 weeks ended March 3, as a result of accounting changes. read more
Ackermans uplifts the community one leather sandal at a time

Ackermans uplifts the community one leather sandal at a time

24/09/2019 - 12:39
The retail sector, with its footprint in both urban and rural areas, has the potential to create more sustainable jobs in South Africa, given the unemployment rate. It is with this in mind that Ackermans, one of the country’s longest-standing retailers, has partnered with footwear importer and distributor, Universal Footwear, to locally design, source and produce its leather sandals. read more
Coca-Cola continues reaching new heights

Coca-Cola continues reaching new heights

24/09/2019 - 10:20
The Coca-Cola Company is the leading global manufacturer, retailer and marketer of non-alcoholic beverages.  read more
Brands leave R34 bn in lost sales on the e-commerce table - report

Brands leave R34 bn in lost sales on the e-commerce table - report

22/09/2019 - 13:19
By 2021, over 20-million South Africans will shop online. read more
Pick n Pay rolls out R4 lifetime reusable bag made from recycled plastic bottles

Pick n Pay rolls out R4 lifetime reusable bag made from recycled plastic bottles

20/09/2019 - 14:14
Pick n Pay is rolling out its new budget green People n Planet reusable bag nationally after a successful trial with customers earlier this year. The bag is expected to be in all stores by mid-October.  read more
Shoprite targets rivers on World Cleanup Day

Shoprite targets rivers on World Cleanup Day

19/09/2019 - 14:59
The Shoprite Group has partnered with the South African Department of Water and Sanitation to host river cleanups on World Cleanup Day (21 September 2019) and everyone’s invited to join in. read more
Zara launches online store in South Africa

Zara launches online store in South Africa

19/09/2019 - 11:58
Zara has launched its online sales in SA through its dedicated website zara.com/za. This marks an important milestone in the expansion of Zara’s integrated store and online platform into markets where it already has a store presence. read more
Pick n Pay launches collectable Rugby Super Cards

Pick n Pay launches collectable Rugby Super Cards

19/09/2019 - 11:28
Local sports fans can once again feel part of the upcoming rugby tournament thanks to the launch of Pick n Pay’s new Rugby Super Cards.  read more
The V&A Waterfront’s Victoria Wharf is SA’s greenest shopping centre

The V&A Waterfront’s Victoria Wharf is SA’s greenest shopping centre

19/09/2019 - 09:13
The V&A Waterfront’s far-reaching waste management and recycling practices has earned the property a prestigious Green Buildings Council of SA (GBCSA) 5 Star Green Star Existing Building Performance v1 certification (EBP v1) for the popular Victoria Wharf Shopping Centre – the highest rating for any existing shopping centre in South Africa. read more
Pepkor loses its bid for leave to appeal against Tekkie Town ruling

Pepkor loses its bid for leave to appeal against Tekkie Town ruling

17/09/2019 - 15:14
Steinhoff International subsidiary Pepkor has lost yet another round against its former Tekkie Town executives for the control of the sneaker maker after the Western Cape High Court refused its application for leave to appeal against a court order granted in April. read more
Clover, Milco merger puts 657 jobs on the line

Clover, Milco merger puts 657 jobs on the line

17/09/2019 - 10:05
A total of 657 existing jobs will be on the line at Clover Industries in the next two years if the R4.8 billion merger between the JSE-listed dairy company and Israel-based Milco is approved by the Competition Tribunal.  read more
Rhodes Food Group's turnover rises amid healthy international growth

Rhodes Food Group's turnover rises amid healthy international growth

16/09/2019 - 11:14
The international turnover of Rhodes Food Group, which makes Bull Brand corned meat and Bisto gravies, rose 13.4% in the 10 months to end-July, boosted by a weaker rand and exports of fruit snacks to the US. read more
Footgear gets go-ahead to buy Edcon's footwear brands

Footgear gets go-ahead to buy Edcon's footwear brands

13/09/2019 - 09:24
Footgear, the South African retailer of branded and non-branded footwear, on Thursday received the green light to purchase the assets and business associated with Edcon Limited’s Edgars Active and High Key brands. read more
Steinhoff receives record FSCA fine

Steinhoff receives record FSCA fine

12/09/2019 - 13:26
Embattled Steinhoff International's share price fell below R1 for the first time in almost a month on Thursday, after the Financial Sector Conduct Authority (FSCA) slapped it with record R1.5bn fine for misrepresenting its finances to the market. read more
Ackermans launches A-list  Summer collection

Ackermans launches A-list Summer collection

12/09/2019 - 11:08
With winter’s icy grip on the country, it's hard to believe that summer is around the corner. The onset of warmer days means that it’s almost time to ditch the winter wardrobe and embrace a lighter, brighter one. However, selecting a summer wardrobe can be a daunting experience, as consumers are spoilt for choice and simply don’t have the time to sift through the top trends - particularly when on a budget. read more
Shoprite boosts support for small-scale farming in local communities

Shoprite boosts support for small-scale farming in local communities

12/09/2019 - 10:48
“Siya Kolisi” enthralls spectators in the streets of Langa, Cape Town, with his tackles and accurate passes, but this is not the 28-year-old Springbok captain. It is in fact 13-year-old Luxolo Ntsholo who has adopted the moniker. read more
British American tobacco to cut more than 2000 jobs

British American tobacco to cut more than 2000 jobs

12/09/2019 - 10:28
British American Tobacco plans to cut 2 300 jobs around the world, the company announced. read more
Online shopping business to shake up retail sector

Online shopping business to shake up retail sector

12/09/2019 - 09:40
Allsale Club is a members-only online shopping business that aims to save consumers money on everything from everyday branded items to luxury items.  read more
Fabric softener brand ordered to change name after Sta-Soft complaint

Fabric softener brand ordered to change name after Sta-Soft complaint

12/09/2019 - 09:01
A local fabric softener brand has been ordered to change its labelling after the advertising regulatory board found that its use of the word "soft" was imitating rival brand Sta-Soft. read more
Community champions help rural orphans

Community champions help rural orphans

10/09/2019 - 11:32
In 2004, when Charmaine and Andre Krugel were asked by community members of the Huntington Trust in Bushbuckridge, Mpumalanga, to help orphans and vulnerable children in the village, they couldn’t say no. read more
Massmart partners with Walmart’s global sourcing team to help local suppliers export to Walmart markets

Massmart partners with Walmart’s global sourcing team to help local suppliers export to Walmart markets

10/09/2019 - 09:28
Representatives from Walmart’s Global Sourcing team are in Johannesburg to meet with 18 of Massmart’s South African suppliers who are interested in exploring opportunities to export their products to Walmart markets. read more
SA may suffer from food wastage, not insecurity

SA may suffer from food wastage, not insecurity

09/09/2019 - 15:55
South Africa should review the legislation regulating the use-by and sell-by dates of food, the Tiger Brands Foundation said. read more
Shoprite continues march into Kenya with opening of third store

Shoprite continues march into Kenya with opening of third store

09/09/2019 - 14:29
Further strengthening its position in the East African market, the Shoprite Group launched its third supermarket in Kenya and the first outside Nairobi. read more
Multi-million rand Rustenburg Mall underway

Multi-million rand Rustenburg Mall underway

09/09/2019 - 11:07
Rustenburg shoppers can look forward to a brand new shopping centre – Rustenburg Mall – set to introduce its first phase in April 2021. read more
AVI earnings slip as consumer spending remains constrained

AVI earnings slip as consumer spending remains constrained

09/09/2019 - 09:33
Consumer goods group AVI, whose brands include footwear retailer Spitz and Five Roses tea, trimmed its final dividend 4% in the year to end-June as it continued to feel the pinch from a constrained consumer environment. read more
Foschini launches all-woman concept store

Foschini launches all-woman concept store

06/09/2019 - 08:26
Fashion group Foschini has opened an All Woman concept store in the newly renovated Fourways Mall. read more
Pick n Pay Smart Shoppers can now spend their points on fuel at participating BP service stations

Pick n Pay Smart Shoppers can now spend their points on fuel at participating BP service stations

05/09/2019 - 12:53
Pick n Pay Smart Shoppers can now spend their points on fuel at participating BP service stations across the country. read more
Shopping centres need to adopt an integrated holistic and fluid strategy to drive performance - Clur report

Shopping centres need to adopt an integrated holistic and fluid strategy to drive performance - Clur report

05/09/2019 - 10:36
Shifting local and international approaches to lifestyle, health, wellness, environment, work, and community living are increasingly dictating the need for Southern African shopping centres to adopt an integrated holistic and fluid strategy to drive performance.  read more
Libstar aims to up its exports

Libstar aims to up its exports

05/09/2019 - 08:47
Libstar wants to increase contribution from its exports to as much as 20% in a move that will mitigate the subdued consumer spending and weak retail environment.  read more
Levi's launches Made & Crafted premium collection in SA

Levi's launches Made & Crafted premium collection in SA

05/09/2019 - 08:31
Levi’s has released a Made & Crafted premium collection in South Africa.  read more
The owner of Foschini grabs market share

The owner of Foschini grabs market share

04/09/2019 - 11:41
Clothing group TFG says cash turnover has grown solidly in the first 21 weeks of its 2020 financial year, but credit extension remained almost flat in Africa due to reduced consumer spending. read more
Foschini's cash sales climb, but credit is under pressure

Foschini's cash sales climb, but credit is under pressure

03/09/2019 - 13:58
The JSE-listed clothing retailer the Foschini Group [JSE:TFG] announced a 14.1% increase in cash sales in its South African operations in the first 21 weeks of 2020, while sales on credit only rose 0.9%. read more
Cashbuild flags tough environment amid rationalisation strategy

Cashbuild flags tough environment amid rationalisation strategy

03/09/2019 - 12:51
Building materials retailer Cashbuild weathered a tough trading environment to deliver 3% growth in operating profit for the year to end-June, boosted by an extra trading week and the addition of 11 new stores.  read more
Ackermans victorious for the third time running at 10th annual AskAfrica Icon Brands Survey Awards

Ackermans victorious for the third time running at 10th annual AskAfrica Icon Brands Survey Awards

03/09/2019 - 09:02
South Africa’s most loved brands were announced recently at the AskAfrika Icon Brands Survey awards in Johannesburg. Value retailer, Ackermans, was awarded the top honour in the Clothing Retail: Children’s category, for a third time in a row, and was further announced as a Platinum Brand Icon. read more
Steinhoff seeks fresh start, nominates new auditor

Steinhoff seeks fresh start, nominates new auditor

02/09/2019 - 15:58
Steinhoff International Holdings NV nominated Mazars as its new auditor as the South African retailer looks for a fresh start after an accounting scandal almost destroyed the company. read more
Woolworths trials innovative 'circular economy' inspired paper shopping bags

Woolworths trials innovative 'circular economy' inspired paper shopping bags

02/09/2019 - 14:30
In its ongoing commitment to phase out single-use plastic shopping bags by 2020, Woolworths has announced its first trial of specially-designed paper bags for fashion, beauty and homeware purchases. read more
RCL Foods swings into a loss as sugar tax bites

RCL Foods swings into a loss as sugar tax bites

02/09/2019 - 12:44
RCL Foods, which owns Rainbow Chicken and Selati Sugar, said that difficulties in its sugar and chicken business contributed to shaving off R1bn in profits in the year to end-June. read more
HomeChoice launches state-of-the-art e-commerce platform

HomeChoice launches state-of-the-art e-commerce platform

02/09/2019 - 12:31
HomeChoice International PLC, a leading provider of innovative Retail and Financial Services products, and the largest home-shopping retailer in Southern Africa have partnered with Oracle, to launch a new eCommerce website hosted on Oracle Cloud Commerce (OCC). OCC is a new commerce platform from Oracle, built as a cloud-based software-as-a-service platform from its popular on-prem solutions, ATG and Endeca search.  read more
Shoprite and Checkers introduce locally designed African doll range

Shoprite and Checkers introduce locally designed African doll range

30/08/2019 - 08:11
Born from the need to celebrate African children and their natural beauty, husband-and-wife team Thabo and Mpumi Motsabi have just launched a range of dolls available exclusively in Shoprite and Checkers supermarkets throughout South Africa. read more
Steinhoff revenue up 4% despite ongoing challenges

Steinhoff revenue up 4% despite ongoing challenges

30/08/2019 - 07:56
International retailer Steinhoff said on Thursday it had continued to grow overall revenue despite the ongoing challenges facing the group, with net sales from continuing operations in the nine-month period to June 30 increasing by four percent to €10.113 billion. read more
Makro and Game’s owner suffers big loss as shoppers opt for cut-price goods

Makro and Game’s owner suffers big loss as shoppers opt for cut-price goods

29/08/2019 - 09:20
Walmart-controlled Massmart, owner of Makro, Game, Builders Warehouse and Dion Wired, has suffered a headline loss of R550 million for the six months to end-June – after earning a profit of more than R200 million in the same period last year. read more
Woolworths cuts final dividend by a quarter as CEO moves to Australia

Woolworths cuts final dividend by a quarter as CEO moves to Australia

29/08/2019 - 09:13
Woolworths has cut its final dividend to shareholders by a quarter after a write-down against troubled Australian chain David Jones dragged the high-end retailer to another annual loss.  read more
Dis-Chem reports double-digit sales growth

Dis-Chem reports double-digit sales growth

28/08/2019 - 09:28
Dis-Chem Pharmacies says sales grew 13.5% to R9.9bn in the first five months of its 2020 financial year, thanks partly to better wholesale revenues. read more
Retail stocks: Look out for the potholes and opportunities

Retail stocks: Look out for the potholes and opportunities

26/08/2019 - 16:22
Retailers and wholesalers on the JSE have been clobbered since their respective 2018 financial results. read more
Shoprite plans smaller stores, closer to shoppers – and more shops in containers

Shoprite plans smaller stores, closer to shoppers – and more shops in containers

26/08/2019 - 13:48
In an effort to gear up growth, Shoprite wants to move to smaller stores, closer to where its customers are. read more
Italtile plans to open more store despite weak trading conditions

Italtile plans to open more store despite weak trading conditions

23/08/2019 - 14:56
JSE-listed supplier of ceramic tiles Italtile said it planned to open more stores in South Africa and abroad, despite the subdued economy, which has constrained consumer spending. read more
Africa’s biggest mall welcomes Ackermans’ 800th store

Africa’s biggest mall welcomes Ackermans’ 800th store

23/08/2019 - 09:52
One of South Africa’s longest-standing value retailers, Ackermans, opened its 800th store in Africa’s biggest shopping centre Fourways Mall, in the north of Johannesburg. read more
Tough economy put a chill on Mr Price retail sales

Tough economy put a chill on Mr Price retail sales

23/08/2019 - 09:24
A tough economic climate has put pressure on Mr Price's fashion retail sales, as customer spending remained constrained, the company said in a trading statement for the first four months of its financial year ended March 28. read more
LiquorShop extends its low price promise to customers with the opening of its 500th store

LiquorShop extends its low price promise to customers with the opening of its 500th store

23/08/2019 - 08:58
LiquorShop, the Shoprite Group’s chain of stand-alone liquor outlets, marked a major milestone with the opening of its 500th store at the Philippi Plaza Shopping Centre in Cape Town. read more
Builders Warehouse Strubens Valley gets an uber-makeover

Builders Warehouse Strubens Valley gets an uber-makeover

22/08/2019 - 13:16
Builders Strubens Valley is the latest store in the Builders group to get a grand revamp as South Africa’s leading DIY and buildings material retailer strives to meet the demands of customers who want a seamless, slick integrated shopping experience. read more
Shoprite-supported school garden feeds young minds and stomachs

Shoprite-supported school garden feeds young minds and stomachs

22/08/2019 - 10:04
The Johan Hus Primary School is a small school situated at the foot of the picturesque Tsitsikamma Mountains in Humansdorp in the Eastern Cape. Here learners not only learn about the environment in a hands-on manner, but the crops they grow are also used in the school kitchen to feed all the pupils. read more
Shoprite's debt shocker

Shoprite's debt shocker

22/08/2019 - 08:57
Debt-leery investors, spooked by one local corporate car crash after another, have found another share to dump: mighty Shoprite. read more
Woolworths customer wins R1 million grand prize

Woolworths customer wins R1 million grand prize

21/08/2019 - 10:43
Woolworths Financial Services (WFS) is pleased to announce the winner of its Woolies Millionaire competition. The lucky winner received R1 million in a campaign that ran from 10 May to 30 June 2019, targeted at both new and existing credit card customers.  read more
The race for reach is on - Shoprite Group CEO

The race for reach is on - Shoprite Group CEO

21/08/2019 - 09:43
The race for reach is on, according to Shoprite Group CEO Pieter Engelbrecht. read more
Steinhoff’s legal woes leave little for those holding stock

Steinhoff’s legal woes leave little for those holding stock

21/08/2019 - 09:24
Steinhoff International Holdings may have about €15bn (R255.1bn) of assets and stakes in profitable companies such as Pepkor Holdings, but you will not see that reflected in the share price. read more
Steinhoff and Pepkor blocked from selling Tekkie Town shares

Steinhoff and Pepkor blocked from selling Tekkie Town shares

21/08/2019 - 08:44
The Western Cape High Court has prevented Steinhoff and its subsidiary, Pepkor Holdings, from selling or dealing in the shares of shoe retailer Tekkie Town, in a ruling handed down on Tuesday. read more
Brian Joffe’s Long4Life warns of lower half-year earnings

Brian Joffe’s Long4Life warns of lower half-year earnings

20/08/2019 - 12:59
Brian Joffe’s Long4Life says half-year earnings will probably fall partly because of lower trading profits from Chill Beverages, which makes the Fitch & Leedes drinks brand. read more
Shoprite earnings take knock on non-SA operations

Shoprite earnings take knock on non-SA operations

20/08/2019 - 10:39
Shoprite’s shares fell to their worst level in more than three years after Africa’s largest food retailer reported a 20% drop in earnings and said it saw no immediate prospects of its troublesome non-SA operations returning to profitability. read more
Truworths reports steady performance

Truworths reports steady performance

20/08/2019 - 10:04
Truworths International reported lower earnings for the year to June 2019 as Truworths posted a steady performance in the weak domestic retail market while the profitability of the Office chain was severely impacted by the depressed United Kingdom (UK) trading conditions. read more
Yamamay launches first retail store in SA

Yamamay launches first retail store in SA

20/08/2019 - 09:04
Trendy Italian underwear, clothing and swimwear brand, Yamamay has launched its first South African store at Menlyn Park Shopping Centre in Pretoria.  read more
Ackermans, Truworths and Pep lead in customer satisfaction rankings

Ackermans, Truworths and Pep lead in customer satisfaction rankings

19/08/2019 - 08:36
Consulta has released its latest South African Customer Satisfaction Index (SA-csi), showing which clothing stores have the highest customer satisfaction ratings. read more
Truworths profit at nine-year low as profit plunges over 70%

Truworths profit at nine-year low as profit plunges over 70%

16/08/2019 - 11:52
Shares in Truworths slumped to a nine-year low on Friday morning after the fashion retailer reported a 74% slide in profits amid difficult trading environments in SA and the UK. read more
UnionPay cards - the largest card scheme in the world - now accepted at all Pick n Pay stores across SA

UnionPay cards - the largest card scheme in the world - now accepted at all Pick n Pay stores across SA

16/08/2019 - 11:11
UnionPay International (UPI) has announced significant progress in the South African retail payments market through their co-operation with Pick n Pay and Absa Bank. Through a tripartite co-operation agreement, Pick n Pay, a major food, clothing, and general merchandise retailer, is now enabled to accept UnionPay cards at all of its till points across its approximately 1,800 stores countrywide.  read more
RCL Foods slumps 10% as sugar tax does big damage

RCL Foods slumps 10% as sugar tax does big damage

15/08/2019 - 14:02
RCL Foods, which owns Rainbow Chicken and Selati Sugar, fell as much as 10.5% after warning it had written down its sugar unit by R761.9m as a result of a bigger than expected impact from the imposition of the government's sugar tax. read more
With banana leaf lamps, H&M backs firms promising social change

With banana leaf lamps, H&M backs firms promising social change

15/08/2019 - 10:31
With lampshades made by Indian women and trays from East Africa, H&M said that it had become the latest retail giant to back businesses with a mission to do good, as pressure mounts to end throwaway consumerism.  read more
We need to rethink our food system to tackle climate change

We need to rethink our food system to tackle climate change

15/08/2019 - 09:19
The way we produce, consume and discard food is no longer sustainable. read more
Kit Kat goes solar at Benoni Cash & Carry site

Kit Kat goes solar at Benoni Cash & Carry site

15/08/2019 - 09:11
In a bid to reduce its carbon footprint, mitigate load shedding and become less reliant on the national grid, the Kit Kat group has completed a solar power installation at its Benoni Cash & Carry store. read more
Choppies to exit SA market, chair to step down

Choppies to exit SA market, chair to step down

15/08/2019 - 09:03
Botswana-based grocery retailer, Choppies, has announced that it will be exiting the South African market, four years after expanding into the country. read more
Steinhoff says restructuring exercise complete

Steinhoff says restructuring exercise complete

14/08/2019 - 12:15
International retailer Steinhoff said its subsidiaries Steinhoff Europe AG (SEAG) and Steinhoff Finance Holding GmbH (SFHG) had successfully completed the implementation of an exercise which restructured their financial indebtedness and changed the group's European corporate holding structure. read more
Product mix boosts revenue of Denny owner Libstar

Product mix boosts revenue of Denny owner Libstar

13/08/2019 - 08:36
Consumer goods group Libstar said it managed solid volume growth for its core product offerings in the six months to end-June, but accounting changes will weigh somewhat on its interim headline earnings per share (Heps) growth.  read more
Mtuba Mall harnesses power of the sun

Mtuba Mall harnesses power of the sun

08/08/2019 - 11:32
With Eskom’s stability looking far from certain, businesses are searching for cheaper and more reliable alternatives to generate electricity.  read more
Steinhoff considers IPO of Pepkor Europe

Steinhoff considers IPO of Pepkor Europe

07/08/2019 - 08:23
Steinhoff International Holdings is considering an initial public offering of Pepkor Europe, its fastest-growing unit, as the scandal-hit retailer seeks funds for the next phase of its recovery plan, people familiar with the matter said. read more
Shoprite basks in sales glory

Shoprite basks in sales glory

02/08/2019 - 10:19
The Shoprite Holdings share price surged more than 10 percent after Africa's biggest retailer reported a strong half performance in sales for the 52 weeks to end June, mainly driven by its core market, the Supermarkets RSA.  read more