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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
 Rupert’s luxury watch chief at Richemont resigns

Rupert’s luxury watch chief at Richemont resigns

14/07/2017 - 11:20
Richemont’s head of watchmaking, marketing and digital resigned with immediate effect, Johann Rupert’s luxury goods group announced on Friday. read more
Battle of the brands as popular clothing stores shut down in SA

Battle of the brands as popular clothing stores shut down in SA

14/07/2017 - 09:10
All standalone Mango clothing stores and Nine West shoe stores have closed down, while other international groups such as River Island are busy shutting down as well. read more
 Atterbury’s Pemba Shopping development opens in Mozambique

Atterbury’s Pemba Shopping development opens in Mozambique

13/07/2017 - 09:22
Leading property developer and investor Atterbury has successfully completed the first-phase development of the USD20 million Pemba Shopping in Mozambique’s north-eastern port city of Pemba, the capital city of the Cabo Delgado province. read more
Woolworths and other SA retailers under increasing pressure

Woolworths and other SA retailers under increasing pressure

12/07/2017 - 08:52
Dreary results are expected from two of South Africa’s major listed clothing stores, Woolworths and Truworths, in the coming weeks, due to poor local conditions. In addition, local retailers are facing greater competition from overseas retailers, as they expand into South African territory. read more
Retail job cuts loom as spending is squeezed

Retail job cuts loom as spending is squeezed

10/07/2017 - 09:27
As retail and consumer businesses continue to see margins freeze, industry pundits warn that job losses may be on the horizon for what were once the darling stocks of the JSE. read more
TFG, Truworths look offshore for growth

TFG, Truworths look offshore for growth

07/07/2017 - 10:23
TFG, the retailer that owns Foschini, @Home and Totalsports is in talks to acquire British womenswear brand Hobbs, a UK press report says. read more
Few cheers from the market for Clover’s new structure

Few cheers from the market for Clover’s new structure

06/07/2017 - 10:27
Food producer Clover’s share price fell 4% to R16.30 on Thursday morning after it announced it had completed moving control of its milk trading arm to dairy farmers. read more
H&M to open six more stores in SA

H&M to open six more stores in SA

06/07/2017 - 09:09
Swedish retailer H&M plans to open another six stores in SA before the end of 2017 as it extends its reach in the country. read more
TFG to fight back over club charges

TFG to fight back over club charges

05/07/2017 - 12:40
Clothing retailer The Foschini Group (TFG) is the latest of a number of retailers to come under the spotlight of the National Credit Regulator (NCR) for allegedly charging a club fee on its credit agreements with the group having been referred to the National Consumer Tribunal. read more
Richemont sells Shanghai Tang as China prefers foreign swank

Richemont sells Shanghai Tang as China prefers foreign swank

05/07/2017 - 09:01
Geneva - Richemont has sold Hong Kong-based dressmaker Shanghai Tang, showing that a Chinese name still doesn’t have the same ring to luxury shoppers as a French or Italian one. read more
Foschini in breach of credit act - NCR

Foschini in breach of credit act - NCR

04/07/2017 - 14:08
The National Credit Regulator (NCR) on Tuesday referred Foschini to the National Consumer Tribunal (NCT) for being in breach of the National Credit Act. read more
Niche eateries and shops flourish

Niche eateries and shops flourish

04/07/2017 - 11:44
Small and medium-sized enterprises (SMEs) in the restaurant and retail sector should be funded despite the recession as these businesses will be engines for growth. read more
Richemont snips less than stellar luxury brand

Richemont snips less than stellar luxury brand

04/07/2017 - 09:32
Richemont has parted ways with Chinese luxury brand Shanghai Tang, after owning it for 19 years — the last nine as the 100% shareholder. read more
Carrefour plans assault on Shoprite territory

Carrefour plans assault on Shoprite territory

03/07/2017 - 10:27
Shoprite's biggest rival on the continent may not be a local business, but a French company, the world's second-largest retailer, as Carrefour carefully plans its expansion into Eastern and Southern Africa. read more
Supermarket chains fight for share of the market

Supermarket chains fight for share of the market

03/07/2017 - 09:03
Competition among food retailers is hotting up, with the big operators trying to grab market share from one another. read more
H&M outpaces its slower rivals

H&M outpaces its slower rivals

30/06/2017 - 09:48
Swedish fashion chain H&M continued its winning streak in SA, growing interim sales 32% in rand terms. read more
Nestlé gives an inch on share buybacks but Loeb wants more

Nestlé gives an inch on share buybacks but Loeb wants more

28/06/2017 - 13:42
Nestlé made its first concession to activist investor Dan Loeb, announcing on Tuesday a $21bn share buyback plan to boost its stock price. Don’t expect Loeb’s Third Point to stop there. read more
SACSC appoints Michael Horne as new president

SACSC appoints Michael Horne as new president

28/06/2017 - 10:41
Group CEO of Broll Property Group, Malcolm Horne has been appointment President of the South African Council of Shopping Centres (SACSC) at a recent Annual General Meeting. read more
L'Oreal finalises sale of The Body Shop

L'Oreal finalises sale of The Body Shop

27/06/2017 - 12:54
French beauty products giant L'Oreal said Tuesday it has a signed a contract to sell The Body Shop, which it has owned for over a decade, to Brazil's Natura Cosmeticos for one billion euros. read more
Luxury retail sector feeling the pinch

Luxury retail sector feeling the pinch

27/06/2017 - 09:09
Conventional wisdom has had it that luxury retail — including clothes, shoes and accessories — is immune to movements in the economy, especially the downward kind. read more
Foreign brands feel the pinch in tough times

Foreign brands feel the pinch in tough times

26/06/2017 - 09:38
Last year, Australia-based retailer Cotton On opened its largest flagship store in the world at Mall of Africa in Johannesburg. read more
Abraaj plans Libstar IPO - source

Abraaj plans Libstar IPO - source

23/06/2017 - 11:19
Abraaj Group is planning an initial public offering of South African food and personal care maker Libstar, which may value the firm at as much as $1bn, according to people familiar with the matter. read more
Woolworths faces fight on many fronts

Woolworths faces fight on many fronts

22/06/2017 - 12:39
Shares in Woolworths, once regarded as a recession-proof retailer, are trading close to three-year lows as the company finds itself stuck between SA’s stalling economy, the cash-guzzling turnaround of its David Jones acquisition in Australia and an impending competitive onslaught from Shoprite, which is moving up-market. read more
Dis-Chem sale pumps up RECM and Calibre

Dis-Chem sale pumps up RECM and Calibre

22/06/2017 - 09:16
Long-term investment company RECM and Calibre (RACP) — headed by asset-management personalities Piet Viljoen and Jan van Niekerk — easily outsprinted the JSE in the year to March. read more
Shoprite aims to double its high-end convenience foods offering

Shoprite aims to double its high-end convenience foods offering

20/06/2017 - 11:11
As SA slides into recession and households have less and less to spend, Shoprite is adopting an unlikely strategy: pushing upmarket. read more
H&M short sellers double bets as investors wear 18% drop

H&M short sellers double bets as investors wear 18% drop

20/06/2017 - 08:47
Hennes & Mauritz shareholders have seen the value of their investment slump 18% so far this year. Short sellers are betting the stock has more to go. read more
Consumer goods companies take strain

Consumer goods companies take strain

18/06/2017 - 14:04
CONSUMER goods companies have shown greater margin compression than growth in the most recent six-month reporting period. read more
Why BAT is confident of market gain

Why BAT is confident of market gain

15/06/2017 - 12:52
Cigarette group British American Tobacco (BAT) says it expects robust volume growth and further market share gains in the half-year to June. read more
The death of Stuttafords

The death of Stuttafords

15/06/2017 - 11:52
Grand old Stuttafords, once the Harrods of SA, will be shutting up shop on August 1, representing perhaps SA’s largest corporate failure in recent years. The tragedy is that its demise could have been avoided had it not been for the apparent bad blood between the two main shareholders, the Ellerines and the Rubensteins. read more
Big squeeze on malls

Big squeeze on malls

15/06/2017 - 09:40
The demise of Stuttafords and the looming closure of a number of Edcon stores will bite into the earnings of shopping mall owners, who increasingly face rising vacancies and falling rentals. read more
Big decline in consumer goods industry

Big decline in consumer goods industry

14/06/2017 - 13:36
Consumer goods companies have been through the mill due to a slowdown in consumer spending, with interim earnings of 13 JSE-listed companies falling an average of 15%. read more
Wiese's Brait seeks growth in Asia as SA and UK wilt

Wiese's Brait seeks growth in Asia as SA and UK wilt

14/06/2017 - 09:32
Brait, the investment company owned by South African billionaire Christo Wiese, plans to expand its Virgin Active gym chain in the Asia Pacific as it battles difficult operating conditions in its biggest markets, including South Africa and Britain. read more
The numbers and trends behind Father's Day spending

The numbers and trends behind Father's Day spending

13/06/2017 - 15:16
Some might think that the general spend in South Africa for Father’s Day gifts lags behind Mother’s Day but they would be mistaken.  read more
Stronger rand takes bite out of Brait’s dividend

Stronger rand takes bite out of Brait’s dividend

13/06/2017 - 14:47
Brait cut its dividend by 42.65% to 78.15c as a stronger rand against the pound and tough retail conditions in the UK took their toll on its net asset value. read more
Robots & Retail: Going beyond the supply chain

Robots & Retail: Going beyond the supply chain

13/06/2017 - 10:01
Retail has historically been one of the most technically advanced industries, particularly in warehouses and the last mile. The industry is no stranger to automation as fast and efficient supply chains are the foundation of a strong retail operation in a competitive environment. Over the past few decades, increasing automation at the supply chain level has directly impacted both revenue and the bottom line.  read more
Clothing retailers at the sharp end of SA's political and economic turmoil

Clothing retailers at the sharp end of SA's political and economic turmoil

12/06/2017 - 10:12
Results from apparel retailers in the past month have made it abundantly clear that South African household consumption is slowing down. read more
Retailing’s ‘big four’ under scrutiny by Competition Commission

Retailing’s ‘big four’ under scrutiny by Competition Commission

09/06/2017 - 15:45
The "big four" grocery retail stores should no longer be allowed to have divisions selling a variety of unrelated products, says Panichi Gundo‚ the founder of Soweto Brands. read more
Africa makes winning case for Steinhoff

Africa makes winning case for Steinhoff

09/06/2017 - 12:06
Steinhoff’s African and East European assets outperformed the group’s operations elsewhere. The performance of the African assets, in particular, highlighted the case for a separate listing to unlock shareholder value. read more
Mr Price: what went wrong at SA's retail darling

Mr Price: what went wrong at SA's retail darling

09/06/2017 - 09:43
When Mr Price posted its full-year results last week, its share price rose nearly 4% — and spiked to an even higher level in the course of the day. This was in spite of it posting a 12% drop in earnings. read more
Spree announces first image search shopping feature in Africa

Spree announces first image search shopping feature in Africa

08/06/2017 - 14:46
Spree announces first image search shopping feature in Africa and is the first online fashion retailer in Africa to offer this innovative technology that identifies clothing or footwear seen in photos and images and finds you something similar in their app.  read more
Shoprite introduces R5 meals

Shoprite introduces R5 meals

07/06/2017 - 14:31
Hard-pressed consumers in the current difficult economic climate can now buy meals from Shoprite stores countrywide for just R5 or less. These discounted convenient meals have been introduced to help consumers’ money go further, especially amongst students. read more
Steinhoff reports increase in first-half operating profit

Steinhoff reports increase in first-half operating profit

07/06/2017 - 12:25
Global retailer Steinhoff reported on Wednesday that interim operating profit to end-March rose 13% to €903m. read more
Jewellers play catch-up with online sales tactics

Jewellers play catch-up with online sales tactics

06/06/2017 - 11:05
Traditional diamond jewellery outlets in the US have to find ways to innovate their sales strategies using online platforms as smaller sellers use the medium to great effect, according to the Rapaport Monthly Report. read more
Township shops ‘bear brunt of unfair practices’ by dominant SA retailers

Township shops ‘bear brunt of unfair practices’ by dominant SA retailers

06/06/2017 - 10:02
SA’s top retailers were accused of anticompetitive behaviour in townships at the Competition Commission’s first public hearings on the retail market in Pretoria on Monday. read more
Regulator to challenge Lewis victory in club fees battle

Regulator to challenge Lewis victory in club fees battle

06/06/2017 - 09:16
The Consumer Tribunal has dismissed the National Credit Regulator’s (NCR’s) complaint against Lewis Stores relating to the retailer’s club fees and extended warranties. read more
Retailers seek growth outside saturated cities

Retailers seek growth outside saturated cities

05/06/2017 - 10:57
As the urban retail space reaches saturation point, South African developers are benefiting from rural and peri-urban markets as the new areas for growth. read more
Bounty Brands on track for listing

Bounty Brands on track for listing

05/06/2017 - 09:45
Bounty Brands, the acquisitive, fast-moving consumer goods conglomerate, has enticed the International Finance Corporation (IFC), a member of the World Bank Group, to become a strategic investor ahead of a listing in London and the JSE in April 2018. read more
 Taste could spend R328m on Starbucks expansion

Taste could spend R328m on Starbucks expansion

05/06/2017 - 09:10
Taste Holdings could spend as much as R328 million on building up to 41 more Starbucks shops in Johannesburg, Pretoria, Durban and Cape Town by February 2020, Taste CEO Carlo Gonzaga said this week. read more
Tiger gets territorial in SA

Tiger gets territorial in SA

02/06/2017 - 11:41
The country’s biggest food producer is turning its attention to the local market to regain ground it lost to competitors read more
Club charges trip up Mr Price

Club charges trip up Mr Price

02/06/2017 - 08:41
The National Credit Regulator (NCR) has accused Mr Price Group of contravening sections of the National Credit Act, an allegation the retailer denies. read more
Another fighting chance for Stuttafords

Another fighting chance for Stuttafords

01/06/2017 - 10:57
Stuttafords will live to fight another day as its creditors have approved the latest round of amendments to its rescue plan even though the future of the department chain looks increasingly precarious. read more
TFG expansion: Major boost for SA clothing manufacturing industry

TFG expansion: Major boost for SA clothing manufacturing industry

31/05/2017 - 15:26
TFG, SA’s leading retail investor in local textile and clothing production, officially opened its newly expanded and revamped Prestige Clothing factory in Caledon. read more
Spar cuts dividend despite rising profit and revenue

Spar cuts dividend despite rising profit and revenue

31/05/2017 - 12:43
Grocery chain Spar cut its interim dividend by 6% to R2.40 from the matching period’s R2.55, despite growing revenue and profit. read more
Mr Price increases dividend despite drop in profit

Mr Price increases dividend despite drop in profit

30/05/2017 - 12:12
Retail group Mr Price opted to shield its shareholders from its drop in sales and profit by raising its final dividend to match the previous year’s total. read more
Clover drops after earnings warning

Clover drops after earnings warning

30/05/2017 - 09:38
The company's higher input costs are behind the expected 65% decline. read more
Edcon shuts stores in bid to save sales

Edcon shuts stores in bid to save sales

29/05/2017 - 15:35
Edcon shuts some doors to ward off retail cannibalisation. read more
Checkers Little Shop mini collectibles are back by popular demand

Checkers Little Shop mini collectibles are back by popular demand

29/05/2017 - 11:34
Heeding calls from customers as well as educational and remedial institutions, Checkers has launched an all new collection of Little Shop 2 mini collectibles which will be available in stores from Friday, 26 May 2017. read more
Jewellery sales beat food sales at Starbucks agent Taste Holdings

Jewellery sales beat food sales at Starbucks agent Taste Holdings

29/05/2017 - 10:22
Jewellery sales beat food sales for Taste Holdings during the year to end-February, and profits from its Arthur Kaplan and NWJ jewellery stores managed to mitigate losses contributed by Starbucks and Domino’s Pizza. read more
Famous Brands earnings drop after shopping spree

Famous Brands earnings drop after shopping spree

29/05/2017 - 09:01
Africa’s largest branded food services franchisor Famous Brands [JSE:FBR] on Monday posted a 33% increase in revenue on the back of a robust acquisition spree and the successful integration into the business. read more
Grant Pattison to lead Edcon from June

Grant Pattison to lead Edcon from June

26/05/2017 - 15:34
Current CEO Bernie Brookes’s contract, which was to expire in September, has been extended until the end of January 2018. read more
Retailers urged to follow Woolworths’ lead and remove sweets from checkout points

Retailers urged to follow Woolworths’ lead and remove sweets from checkout points

26/05/2017 - 12:20
The health department has urged retailers to follow Woolworths' lead and remove sweet treats from their checkout points‚ saying consumers need all the help they can get to make healthier food choices. read more
Tiger Brands to be vigilant on continent

Tiger Brands to be vigilant on continent

26/05/2017 - 10:49
CEO says pursuit of diversification led to loss of focus.  read more
Edcon stuck between rocky loans and a hard trading place

Edcon stuck between rocky loans and a hard trading place

26/05/2017 - 10:10
Credit sales have dwindled to 35% of total sales, down from 51% five years ago — and there is little hope on the horizon as consumers feel the pinch read more
Massmart disappointed by H1 sales trends so far

Massmart disappointed by H1 sales trends so far

26/05/2017 - 08:51
Massmart [JSE:MSM] provided a brief sales and performance update for the group in a Sens statement on Thursday. read more
TFG to buy Australian menswear group

TFG to buy Australian menswear group

25/05/2017 - 10:27
Holding company of fashion chain Foschini is acquiring Retail Apparel Group for up to R3bn. read more
DIS-CHEM: Off to a healthy start

DIS-CHEM: Off to a healthy start

25/05/2017 - 09:57
The pharmacy franchise has done very well in its first year of listing and is on an aggressive store roll-out. read more
 Lewis feels impact of economic climate

Lewis feels impact of economic climate

25/05/2017 - 09:31
Lewis Group [JSE:LEW] posted its final audited results for the year ended March 31, 2017, on Wednesday. It reported a gross margin of 41.6%, an operating margin of 10.1% and headline earnings per share of 400.1 cents. read more
International business weighs on Tiger Brands

International business weighs on Tiger Brands

25/05/2017 - 08:29
Fast moving consumer goods group Tiger Brands on Thursday reported a 7% increase in interim headline earnings per share (HEPS) to R10.36 for the period to end-March. read more
Woolworths appoints CEO for Australasia

Woolworths appoints CEO for Australasia

24/05/2017 - 09:28
Woolworths [JSE:WHL] advised shareholders that John Dixon, currently CEO of David Jones, will assume the role of CEO for WHL Australasia, with effect from September 1 2017. read more
Verimark more than doubles its full-year profit

Verimark more than doubles its full-year profit

23/05/2017 - 11:43
South Africa’s market leading direct retail group, Verimark, today announced that despite the tough trading environment in the country, it delivered substantially improved results for the year ended 28 February 2017. A significantly higher dividend has been declared amounting to 11.3 cents per share, compared to 3.7 cents last year. The dividend yield at the year-end share price equates to 18,5%.  read more
Rupert's Richemont bets on duty-free

Rupert's Richemont bets on duty-free

22/05/2017 - 13:10
Johann Rupert, the billionaire who controls Cartier owner Richemont, envisions a future in which humans are displaced by robots in the workplace and have all the time in the world to travel. read more
Nod for Steinhoff Africa assets spin-off

Nod for Steinhoff Africa assets spin-off

19/05/2017 - 09:35
There is a chance to unlock value for shareholders ‘assuming new ListCo will be priced at valuations similar to Southern Africa peer group’ read more
Flagship Rebosis mall celebrates robust growth

Flagship Rebosis mall celebrates robust growth

18/05/2017 - 15:50
Baywest Mall performance indicates strong consumer appetite for larger shopping centres.  read more
Lewis’s shares rise despite profit warning

Lewis’s shares rise despite profit warning

18/05/2017 - 11:09
Furniture retailer Lewis warned shareholders on Wednesday that its earnings were expected to fall by as much as 66% — which appears to have been less severe than investors expected because its share price jumped 3% on Thursday morning. read more
Famous Brands shares fall 2.96%

Famous Brands shares fall 2.96%

18/05/2017 - 10:31
The owner of Steers, Debonairs and Tashas warns headline earnings for the year will be between 15% and 25% lower. read more
Steinhoff plans Africa spin-off after R40bn expansion

Steinhoff plans Africa spin-off after R40bn expansion

18/05/2017 - 08:55
Steinhoff International Holdings plans to list its African assets separately as the acquisitive retailer seeks a new prize for shareholders following this year’s failed merger talks with Shoprite Holdings. read more
Dis-Chem to pay a maiden dividend

Dis-Chem to pay a maiden dividend

17/05/2017 - 10:48
Investors who participated in the initial public offering (IPO) of pharmacy chain Dis-Chem in November will receive a maiden 7.35c per share dividend for the year to end-February. read more
Clicks up there amongst the coolest

Clicks up there amongst the coolest

15/05/2017 - 16:29
Clicks has been named the coolest Specialist Health, Beauty & Accessory Store in the Sunday Times Generation Next Youth Survey, held at the Sandton Convention Centre last week. Second was Woolworths, followed by Avon, Dis-Chem and American Swiss. read more