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Remgro sells minority interest in Unilever SA

Remgro sells minority interest in Unilever SA

22/09/2017 - 17:01
Investment conglomerate Remgro has agreed to exchange its minority shareholding in Unilever SA for Unilever’s Spreads business in Southern Africa and R4.9bn in cash. read more
Luxury goods group Richemont sharpens online focus with two new appointments

Luxury goods group Richemont sharpens online focus with two new appointments

22/09/2017 - 09:18
Luxury goods retailer Richemont has signalled a shift in focus with the creation of a new role — chief technology officer. read more
Energy drinks on the rise in SA

Energy drinks on the rise in SA

21/09/2017 - 10:16
Television ads are pushing up the sales of energy drinks‚ which are the highest-growing market in the beverage sector. read more
Steinhoff Africa soars on JSE debut

Steinhoff Africa soars on JSE debut

21/09/2017 - 09:23
In Africa's biggest IPO this year, Star rockets on its first day of trading, as investors ignore allegations of accounting fraud at its European parent read more
No paying via bitcoin just yet, says Pick n Pay

No paying via bitcoin just yet, says Pick n Pay

20/09/2017 - 13:18
Pick n Pay said on Monday it was unlikely to roll out the bitcoin payment platform until there was a regulatory framework for managing risks associated with cryptocurrencies. read more
How Holdsport group grew sales 8.1%

How Holdsport group grew sales 8.1%

20/09/2017 - 10:10
Sports retailer Holdsport expects interim core headline earnings per share excluding the effect of foreign exchange adjustments — to be between 3% lower and 1% higher than in the previous period. read more
Toys ‘R’ Us falls into bankruptcy

Toys ‘R’ Us falls into bankruptcy

19/09/2017 - 09:28
Toys ‘R’ Us, the largest US toy store chain, filed for bankruptcy protection late on Monday. read more
Bitcoin now accepted at Pick n Pay

Bitcoin now accepted at Pick n Pay

18/09/2017 - 14:30
In what its backers are calling “potentially a world first for a major grocery retailer”, shoppers will for a “limited time” be able to pay for their groceries using bitcoin at a Pick n Pay retail store in Cape Town. read more
Woolworths reintroduces rBST-free labelling on their milk packaging

Woolworths reintroduces rBST-free labelling on their milk packaging

15/09/2017 - 15:00
Woolworths has reintroduced rBST-free labelling onto their milk packaging, starting with all of their fresh Ayrshire milk products. read more
Steinhoff raises R15.4bn for Star ahead of listing

Steinhoff raises R15.4bn for Star ahead of listing

15/09/2017 - 14:21
Steinhoff International said on Friday it had raised at least R15.4bn for its African retail assets, which it plans to list separately on the JSE on Wednesday. read more
PIONEER FOODS: Shake-up spooks the market

PIONEER FOODS: Shake-up spooks the market

14/09/2017 - 15:58
As the food group faces a tough second half, uncertainty around the CEO’s sudden resignation has also taken a toll. read more
Some positives in tough year for Clover

Some positives in tough year for Clover

13/09/2017 - 13:19
Clover Industries was savaged on all fronts in the year to June. Prolonged drought was followed by a wetter, cooler summer, which affected beverage sales. At the same time, rand volatility was compounded by SA’s ugly political environment. read more
Asia remains Richemont’s main sales driver

Asia remains Richemont’s main sales driver

13/09/2017 - 10:03
Asia was again the main driver of sales growth at Richemont, the world’s second-biggest luxury goods group said in a trading update on Wednesday, ahead of its AGM. read more
Prolonged drought and volatile rand squeeze Clover

Prolonged drought and volatile rand squeeze Clover

12/09/2017 - 17:18
Dairy and foods group Clover reported a dismal set of results, as expected after last week’s trading update, with sharp drops in profit at almost all levels. read more
Rex Trueform feels the pinch

Rex Trueform feels the pinch

11/09/2017 - 14:37
Operating margins were ripped to shreds at Rex Trueform — the owner of niche fashion retailing chain Queenspark — in the year to end-June. read more
 FreshStop and Food Lover’s Market represent SA at the 2017 International Convenience Retailer of the Year Awards

FreshStop and Food Lover’s Market represent SA at the 2017 International Convenience Retailer of the Year Awards

11/09/2017 - 14:19
South Africa was well represented at the prestigious NACS Insight International Convenience Retailer of the Year Award 2017 as two of our most prominent SA brands, FreshStop and Food Lover’s Market, were among the 10 finalists from nine different countries.  read more
AVI’s full-year HEPS rise in line with guidance

AVI’s full-year HEPS rise in line with guidance

11/09/2017 - 11:17
Food producer AVI has reported a 9.4% rise in full-year headline earnings per share (HEPS) to R5.08, which was in line with its recent guidance. read more
Walvis Bay's Dunes Mall set to open in October

Walvis Bay's Dunes Mall set to open in October

08/09/2017 - 14:50
A desert oasis of shopping and entertainment for the people of Walvis Bay, the new 27,500m2 Dunes Mall is in the final stages of completion, with its doors set to open to shoppers on October 26.  read more
Clover lowers earnings outlook, on effects of drought and rand

Clover lowers earnings outlook, on effects of drought and rand

07/09/2017 - 13:23
Food, beverage and dairy group Clover has warned that earnings will be worse than previous guidance, as it reels from the after-effects of the 2015-16 drought and volatility in the rand, which inflated input costs. read more
Beauty remains the best performing direct selling sector

Beauty remains the best performing direct selling sector

07/09/2017 - 10:23
The internet has changed the way women think about beauty and cosmetics but not, it seems, the value of personal face-to-face advice. read more
New era at Shoprite as Wiese and Steinhoff take full control

New era at Shoprite as Wiese and Steinhoff take full control

06/09/2017 - 13:45
Steinhoff and Christo Wiese are to emerge as the outright controlling shareholders of Shoprite after Shoprite shareholders’ backed the repurchase of 8.7-million shares from former CEO Whitey Basson. read more
Steinhoff offers chunk of Star

Steinhoff offers chunk of Star

06/09/2017 - 08:54
Retailer Steinhoff International was offering investors up to 23.2% of its African arm, Steinhoff Africa Retail (Star), which it aimed to list on the JSE on September 20, the company said on Monday. read more
Shoprite investors approve R1.7bn repurchase of Whitey Basson’s shares

Shoprite investors approve R1.7bn repurchase of Whitey Basson’s shares

05/09/2017 - 14:43
Shoprite shareholders voted in favour of the purchase of about R1.75bn of shares from former CEO Whitey Basson, enabling Africa’s largest food retailer to buy at a discount to the current share price. read more
Thavhani Mall opens for business

Thavhani Mall opens for business

05/09/2017 - 12:46
The new 50,000sqm regional mall introduced the biggest selection of shopping and leisure retail in the region with almost 140 stores. read more
Pioneer shares plummet in the wake of CEO's exit

Pioneer shares plummet in the wake of CEO's exit

05/09/2017 - 10:10
The share price of consumer brands conglomerate Pioneer Foods plunged on Friday on news that highly rated CEO Phil Roux would retire in October. read more
No incentive payments for Woolworths executives

No incentive payments for Woolworths executives

04/09/2017 - 13:17
The Woolworths top management will not receive Christmas bonuses as the retailer failed to achieve profit targets. read more
Food and drink giants setting their own ethical standards

Food and drink giants setting their own ethical standards

04/09/2017 - 10:34
From cocoa to tea food and drink giants are setting their own standards for ethical sourcing of raw materials and moving away from third party labels such as Fairtrade. read more
Mr Price wins in battle against slowdown

Mr Price wins in battle against slowdown

04/09/2017 - 08:18
Retailer Mr Price’s short-term strategic response to tough, low-growth market conditions picked up momentum in the half-year to August, a trading update showed on Friday. read more
Canal Walk welcomes Ackermans re-located, new look store

Canal Walk welcomes Ackermans re-located, new look store

01/09/2017 - 15:16
Ackermans relocated and re-opened its doors in one of Africa’s leading retail, leisure and entertainment destinations, Canal Walk shopping centre, today 1 September.  read more
Mr Price says clothing division is stealing back market share

Mr Price says clothing division is stealing back market share

01/09/2017 - 10:34
Clothing and homeware retailer Mr Price says it is making headway in its attempt to regain market share lost by its clothing units, MRP Apparel and Milady’s. read more
Steinhoff shares surge after update

Steinhoff shares surge after update

01/09/2017 - 08:54
Retail group Steinhoff’s shares had one of its best days on Thursday since transferring its primary listing to Frankfurt in December 2016. read more
South Africans take to online delivery service

South Africans take to online delivery service

31/08/2017 - 08:44
South Africa’s unreliable, slow and theft-prone postal service has provided an opportunity to a company that enables South Africans to buy products from stores located almost anywhere in the world. read more
Cashbuild’s earning growth slows as tough conditions bite

Cashbuild’s earning growth slows as tough conditions bite

29/08/2017 - 10:54
Building material retailer Cashbuild on Tuesday reported slower earnings growth in the year to end-June, reflecting a tough trading environment. read more
DRC temporarily bans import of key consumer goods

DRC temporarily bans import of key consumer goods

29/08/2017 - 08:49
Authorities have banned imports of several popular consumer products in the west of the Democratic Republic of Congo for six months to fight smuggling, Trade Minister Jean-Lucien Busa said on Monday.  read more
New venture may shake up shopping malls

New venture may shake up shopping malls

28/08/2017 - 11:13
Steinhoff Retail Africa, along with partner Shoprite, is set to disrupt the retail market, if they implement plans to own shopping centres. read more
Shoprite sets its sights on Eastern Europe

Shoprite sets its sights on Eastern Europe

28/08/2017 - 08:31
On the drive to Shoprite's new distribution centre at Cilmor in Brackenfell, Cape Town, two Shoprite trucks are seen heading for Langa and Nyanga townships, two of the many emerging-market communities that form part of the group's largest market. read more
Woolworths expands food division but clothing remains biggest profit driver

Woolworths expands food division but clothing remains biggest profit driver

25/08/2017 - 11:58
Woolworths’ clothing division remains its biggest profit centre, despite flat sales and squeezed margins. read more
TFG performs better than its peers ahead of full-year results

TFG performs better than its peers ahead of full-year results

25/08/2017 - 09:29
TFG CEO Doug Murray says the company’s diversification strategy has served it well in the past three years allowing the group to perform better than its peers. read more
Shoprite powers ahead in tough conditions

Shoprite powers ahead in tough conditions

24/08/2017 - 14:55
Shoprite’s result for the financial year to July 2 contained good news for everyone except its competitors. For management and shareholders, the good news included a 12% rise in diluted headline earnings and a 11.5% increase in dividends. read more
Sandton City introduces five stylish performancewear brands

Sandton City introduces five stylish performancewear brands

24/08/2017 - 13:59
Athleisure, which embraces performancewear as everydaywear, is trendsetting and growing in prominence with no signs of slowing down. South Africans will soon be kitted out more stylishly than ever before, with five exciting athleisure and activewear brands opening new stores at Sandton City. read more
Shares in Astral Foods suffer after it warns that bird flu costs have risen

Shares in Astral Foods suffer after it warns that bird flu costs have risen

24/08/2017 - 12:51
The share price of Astral Foods fell 4% to R148.16 on Thursday morning after it warned shareholders that outbreaks of bird flu at two of its poultry breeding farms had cost it about R50m — double an initial estimate announced on August 2. read more
Liberty Promenade bucks major retail trend

Liberty Promenade bucks major retail trend

24/08/2017 - 11:27
Understanding your shopper is paramount to getting the right tenant mix, and putting that theory into practice gives Liberty Promenade, Mitchells Plain’s regional shopping centre, the edge.  read more
Massmart profit falls in first half — one of ‘the most difficult in recent memory’

Massmart profit falls in first half — one of ‘the most difficult in recent memory’

24/08/2017 - 08:35
General retailer Massmart has reported a 10.7% drop in first-half net profit to R337.1m, which it attributed to a tough macro economic situation putting pressure on consumer spending. read more
Sea Harvest triples first-half headline earnings

Sea Harvest triples first-half headline earnings

23/08/2017 - 14:00
Sea Harvest has tripled its first-half headline earnings as a result of the improved performance in its South African operations. read more
Shoprite’s full-year results tell a story of growth in a tough environment

Shoprite’s full-year results tell a story of growth in a tough environment

22/08/2017 - 08:29
Shoprite, with a staff of 143,802 people, is SA’s largest private sector employer, the grocery chain claimed in its results for the 52 weeks to July 2 released on Tuesday morning. read more
H&M increases local footprint

H&M increases local footprint

21/08/2017 - 10:27
Swedish clothing retailer H&M is expanding rapidly in South Africa – it is set to open six more stores by the end of November, and is also scheduled to launch more outlets next year, H&M SA country manager Par Darj told City Press in Cape Town. read more
Are retailers' boards in need of new blood?

Are retailers' boards in need of new blood?

21/08/2017 - 09:40
The average age of the 12 board members of the world's second-largest fashion retailer, Sweden's H&M, is 52. read more
Edcon returns to profit in June quarter

Edcon returns to profit in June quarter

21/08/2017 - 08:36
SA’s largest clothing and footwear retailer Edcon swung into a trading profit in the first quarter of its new financial year despite a deterioration of the operating environment, says CEO Bernie Brookes. read more
Retail sales grow more than expected in June

Retail sales grow more than expected in June

18/08/2017 - 14:56
June’s retail sales grew 2.9% from the same month in 2016, taking its growth for the second quarter to 2.2%, Statistics SA reported on Wednesday. read more
Spree wins CXA Digital Innovator Award for first image search shopping feature in Africa

Spree wins CXA Digital Innovator Award for first image search shopping feature in Africa

18/08/2017 - 10:18
The judges for the 2017 Customer Experience Awards (CXA) recently announced that online fashion retailer, Spree has won the Digital Innovator Award for its launch of the first image search shopping feature in Africa.  read more
Truworths feels consumer pressure

Truworths feels consumer pressure

18/08/2017 - 08:51
Truworths’ share price jumped almost 5% by the close of the JSE on Thursday despite the retailer reporting a contraction in earnings and little growth in full-year profit. read more
 Forecourt convenience retail sector in SA grows despite tough trading conditions

Forecourt convenience retail sector in SA grows despite tough trading conditions

17/08/2017 - 13:59
As the outlook for the local mainstream retail sector continues to deteriorate, expansion in the forecourt convenience retail industry continues.  read more
Ice-cream market on thin ice

Ice-cream market on thin ice

16/08/2017 - 14:36
The global ice-cream market is under pressure, with a dramatic drop in sales as consumers turn to more healthy alternatives. In SA, however, ice cream remains the ‘it’ dessert read more
Analysts predict some upside for Richemont

Analysts predict some upside for Richemont

15/08/2017 - 08:43
As the JSE flirts with new highs, analysts are divided as to whether one of its top performers, Richemont, can continue to support the market into the last quarter of 2017. read more
Managing theft in the food industry

Managing theft in the food industry

14/08/2017 - 14:00
While nobody wants to believe their staff might be stealing from them, it does happen. In the food industry, the opportunities for theft are many, whether they involve giving away food and drinks without getting authorisation, taking food home or consuming food on the premises writes Sally J’arlette Joy, CEO of Sandwich Baron.  read more
BAT raises $17.25bn in bond issue

BAT raises $17.25bn in bond issue

10/08/2017 - 14:24
British American Tobacco (BAT) said on Thursday it had raised $17.25bn via a bond issue. read more
New Pick n Pay app gets 10 000 downloads in 1 day

New Pick n Pay app gets 10 000 downloads in 1 day

10/08/2017 - 11:33
Retailer Pick n Pay app exceeds 10 000 downloads within first 24 hours of its release, with numbers continuing to grow. Retail giant last week released the latest version of its mobile app for Android. read more
Japanese fast-fashion retailer Miniso enters SA's crowded market

Japanese fast-fashion retailer Miniso enters SA's crowded market

10/08/2017 - 09:32
Japanese fast-fashion retailer Miniso has entered the local market, adding a fresh challenge in the competitive sector. read more
Education fund may smooth way for Shoprite’s Basson repurchase

Education fund may smooth way for Shoprite’s Basson repurchase

08/08/2017 - 15:01
The establishment of an R84m fund to educate previously disadvantaged individuals might help to secure sufficient shareholder support for Shoprite’s plan to repurchase R1.7bn worth of shares from former CEO Whitey Basson. But analysts say minorities will be reluctant to back the proposal. read more
Premier Foods in court fight over use of name

Premier Foods in court fight over use of name

08/08/2017 - 08:46
Premier Foods, in which investment group Brait has a majority stake, is taking Premier Food & Fishing (PFF) to court over the company’s name. read more
 Steinhoff in renewed bid for R35.5bn stake in Shoprite

Steinhoff in renewed bid for R35.5bn stake in Shoprite

08/08/2017 - 08:34
Steinhoff’s merger plans with Shoprite may have fallen through, but the international retail holding company still plans to acquire a stake in the retailer through its African business unit.  read more
Brave new world of retail bad for workers

Brave new world of retail bad for workers

07/08/2017 - 16:39
South African grocery retailers are taking their cue from global players, and as a result, the retail workforce may be under threat as technology continues to rattle the sector. read more
Stuttafords saga: Lessons to be learnt

Stuttafords saga: Lessons to be learnt

07/08/2017 - 13:15
Stuttafords officially closed its doors on Monday, July 31 after 159 years of operating in the South African retail market. read more
Big job cuts at Pick n Pay 'just running repairs'

Big job cuts at Pick n Pay 'just running repairs'

07/08/2017 - 12:19
Significant job losses at Pick n Pay, with more expected to come, are considered a necessary structural shift at the country's second-largest food retailer to make it more competitive in a tough economy. read more
 The new face of SA clothing

The new face of SA clothing

07/08/2017 - 11:21
TCI Apparel chair and CEO Herman Pillay, at the age of just 41, is arguably the face of the new generation of South Africa’s clothing and textile executives who are reviving the clothing sector – one factory at a time – and providing local fashion designers with a platform to showcase their work. read more
Steinhoff could get stake in Shoprite in new setup

Steinhoff could get stake in Shoprite in new setup

07/08/2017 - 09:44
Steinhoff's African assets will list separately on the JSE by the end of next month in a deal that may also result in Steinhoff acquiring a 22.7% stake in Shoprite. read more
Pick n Pay Coachmans Crossing gets Pricer electronic labels to feed just-in-time stocking

Pick n Pay Coachmans Crossing gets Pricer electronic labels to feed just-in-time stocking

04/08/2017 - 10:50
Pick n Pay Coachmans Crossing has deployed more than 11 000 refurbished Pricer electronic shelf labels (ESL) from XON Retail.  read more
Italtile gets deadline for elusive Ceramic deal

Italtile gets deadline for elusive Ceramic deal

03/08/2017 - 14:47
Italtile and its shareholders will know by September 30 whether a planned acquisition of Ceramic, for a consideration of R3.61bn, will get the go-ahead from competition authorities. read more
Loyalty cards surge as hard times bite

Loyalty cards surge as hard times bite

03/08/2017 - 10:05
People are going mad for loyalty programmes whose cash-back and discount benefits are helping to reduce the sting of hard times. read more
TFG raises R2.5bn through new share issue

TFG raises R2.5bn through new share issue

02/08/2017 - 11:50
Retailer TFG said on Tuesday it had raised R2.5bn through an accelerated bookbuild process. read more
Restructuring fails to breathe life into Ellies

Restructuring fails to breathe life into Ellies

02/08/2017 - 08:37
The 2017 financial was "one of the toughest if not the toughest" in the history of Ellies Holdings, according to CEO Wayne Samson. read more
L'Oréal posts 4.3% sales growth in H1

L'Oréal posts 4.3% sales growth in H1

31/07/2017 - 14:37
L'Oréal’s performance for the first half of 2017 shows ‘solid’ organic growth of 4.3% compared to the same period last year, while operating profit increased by 7.1%. read more
What’s driving the share price surge at Sovereign?

What’s driving the share price surge at Sovereign?

31/07/2017 - 14:14
The share price of Sovereign Food Investments shot to a high of R13 on Friday after its cautionary announcement of talks that if successful could have a material effect on the share price. read more
Pick n Pay profit slumps as retailer forks out for retrenchment plan

Pick n Pay profit slumps as retailer forks out for retrenchment plan

31/07/2017 - 11:47
Pick n Pay said it expects half-year headline earnings per share (Heps) to be down over 20%, after a voluntary severance programme in April 2017 saw the retailer cut back 10% of its roles and functions. read more
Edgars dishes up shopper bait at new in-store café

Edgars dishes up shopper bait at new in-store café

31/07/2017 - 10:46
Edcon's Edgars brand has partnered with Famous Brands to test the waters in quick dining with the launch of a new café concept inside the Edgars store in Eastgate mall in Johannesburg, called MADE. read more
Dis-Chem succession 'in works'

Dis-Chem succession 'in works'

31/07/2017 - 09:28
Before taking a family picture at the Dis-Chem AGM on Friday, Lynette Saltzman fixed her son Saul's collar. He is the 36-year-old group executive of the pharmaceutical retailer Dis-Chem, and has been punted as the next CEO as the family talks succession planning. read more
Adidas jumps as sneaker, sportswear sales drive profit upgrade

Adidas jumps as sneaker, sportswear sales drive profit upgrade

31/07/2017 - 08:49
Adidas shares rose after the German sneaker maker increased its revenue and profit forecasts, helped by strong sportswear sales and a brand streamlining that includes a disposal of the CCM hockey business.  read more
Stuttafords prepares to close its doors, ending an era in SA retail history

Stuttafords prepares to close its doors, ending an era in SA retail history

28/07/2017 - 10:30
Department store Stuttafords, the 159-year-old "Harrods of SA", is in the process of closing down, victim of a global shift to online retail and a domestic economic slump that has put brands such as Ted Baker and Gap beyond its customers’ reach. read more
Lindt & Sprüngli sees group sales rise 3.1% in first half

Lindt & Sprüngli sees group sales rise 3.1% in first half

27/07/2017 - 16:15
Confectionery firm Lindt & Sprüngli has posted a group sales increase of 3.1% to CHF 1.55 billion in the first half of its financial year. read more
Nestlé outlook for weakest sales in 20 years gives Loeb ammo

Nestlé outlook for weakest sales in 20 years gives Loeb ammo

27/07/2017 - 12:16
Nestlé SA warned that sales growth this year will be the weakest in at least two decades, giving activist investor Dan Loeb ammunition for his campaign to spur the world’s largest food company to rejuvenate its businesses.  read more
BAT complains illegal cigarette trade is hurting sales in SA

BAT complains illegal cigarette trade is hurting sales in SA

27/07/2017 - 10:41
British American Tobacco (BAT) complained of "the growth in illicit trade" causing its South African cigarette sales and profits to decline. read more
Why Long4Life's sweetened offer hit share price

Why Long4Life's sweetened offer hit share price

26/07/2017 - 09:13
Long4Life’s share price took a slide on Tuesday as the newly listed investment group increased its offer to acquire sports retailer Holdsport. read more
Long4Life shares slide after new bid for Holdsport

Long4Life shares slide after new bid for Holdsport

25/07/2017 - 14:57
Long4Life’s raised bid for Holdsport announced on Tuesday morning appears to have been too generous, with its share price falling 20% while Holdsport’s jumped 7%. read more
 Stuttafords Saga: How Nenegate brought down the store

Stuttafords Saga: How Nenegate brought down the store

24/07/2017 - 15:09
It all came tumbling down for Stuttafords the day former finance minister Nhlahla Nene was fired. The rand's decline in the days that followed the shock axing signalled the end of a 150-year-old empire, says chief executive Robert Amoils.  read more
Pick n Pay launches online distribution centre in Gauteng

Pick n Pay launches online distribution centre in Gauteng

24/07/2017 - 12:14
This week, Pick n Pay launched its online distribution centre in Gauteng, the first of its kind in the Province. This follows the opening of its Cape Town online distribution centre, which made it the first major brick and mortar grocery retailer in South Africa to serve its online consumer customer base with a dedicated fulfillment centre.  read more
Sovereign bosses go the route of sacrifice

Sovereign bosses go the route of sacrifice

24/07/2017 - 11:25
Sovereign Foods’s executive committee members have voluntarily agreed to waive their rights to a R6.1m incentive that helped to stir up a shareholder revolt, which led to last year’s hostile bid by Country Bird. read more
Labour Court lifeline gives retrenched Edcon staff hope

Labour Court lifeline gives retrenched Edcon staff hope

24/07/2017 - 09:41
Edcon's legal battle with more than 1,800 of its former employees is yet another hurdle for the beleaguered retailer after the Labour Court gave the green light for the employees to proceed with a case against the company over a series of retrenchments. read more
Choppies struggles to make its mark in tough SA conditions

Choppies struggles to make its mark in tough SA conditions

20/07/2017 - 15:56
Botswana-based Choppies may be a well-established grocery retail chain in many parts of sub-Saharan Africa, but the company has found the going tough in SA. read more
Dis-Chem and Clicks remain attractive

Dis-Chem and Clicks remain attractive

20/07/2017 - 15:01
While the general retailers’ index has sunk 27% from its April 2015 peak, two shares in the sector appear to be proving the so-called "lipstick theory". read more
No bonuses for Pick n Pay executives

No bonuses for Pick n Pay executives

20/07/2017 - 11:26
Pick n Pay’s remuneration committee may have set the scene for a tougher approach to executive rewards in the besieged retail sector with its decision not to pay a short-term bonus for the year to end-February 2017. read more
Taste halts sale of luxury business

Taste halts sale of luxury business

20/07/2017 - 09:41
Taste Holdings has suspended the auction of its jewellery and high-end watch business after failing to find a buyer willing to pay an asking price of as much as R400m, according to two people familiar with the matter. read more
J&J raises full-year profit forecast on quarterly earnings

J&J raises full-year profit forecast on quarterly earnings

19/07/2017 - 13:42
On Tuesday, Johnson & Johnson (J&J) raised its full-year profit forecast and reported better-than-expected quarterly earnings, helped by strong demand for its newer products. read more
Shoprite sales edge forward

Shoprite sales edge forward

19/07/2017 - 10:06
The Shoprite share price slumped almost 2% after the company released a trading update that pointed to a disappointing performance in the six months to July 2 2017. read more
Steinhoff raises R12bn in Europe

Steinhoff raises R12bn in Europe

19/07/2017 - 08:45
Consumer industry conglomerate Steinhoff International, which moved its primary listing from the JSE to the Frankfurt Stock Exchange in 2015, has taken advantage of low interest rates in Europe to raise R12bn in the eurobond market. read more
Long4Life acquires spa group Sorbet

Long4Life acquires spa group Sorbet

18/07/2017 - 15:40
Brian Joffe’s new brainchild Long4Life has bought 100% of beauty therapy franchise Sorbet for a maximum R116m, to be settled through a combination of cash and Long4Life shares. read more
Direct selling rakes in R12.9bn

Direct selling rakes in R12.9bn

18/07/2017 - 09:39
Listed retail may be having a tough time, but direct sellers are coining it. Results from the Direct Selling Association of SA show that the direct selling industry experienced double-digit growth, generating sales of R12.9bn in 2016. read more
Massmart’s sales slow as SA slips into recession

Massmart’s sales slow as SA slips into recession

17/07/2017 - 16:41
Retailer Massmart reported a sharp slowdown in half-year sales growth on Monday as SA slipped into recession. read more
H&M poised to open giant Canal Walk store as it settles in for long haul after finding its feet

H&M poised to open giant Canal Walk store as it settles in for long haul after finding its feet

17/07/2017 - 14:30
As consumer confidence plumbs depths not seen since 1982, Swedish fashion giant H&M is set to open a 4,600m², two-level temple to shopping in Canal Walk in November as part of six more store openings before year-end. That will take it to 17 stores in just two years’ operation in SA. Business Day asked H&M South Africa country manager Pär Darj if the retailer is overextending itself. read more
Trading conditions squeeze Woolworths’ growth hopes

Trading conditions squeeze Woolworths’ growth hopes

17/07/2017 - 08:40
Investors are lowering their expectations for Woolworths as the outlook for the local retail sector deteriorates. read more
Inquiry seeks data on informal retail

Inquiry seeks data on informal retail

14/07/2017 - 14:01
The four big national supermarket chains will be fighting hard to ensure the Competition Commission inquiry into the grocery retail sector includes detailed figures for the informal and formal segments of the sector. read more