Advertise with fastmoving.co.za
 
 

RETAILER NEWS

Subscribe to Retailer News

New retail report reveals South Africa's most customer-centric retailers

New retail report reveals South Africa's most customer-centric retailers

26/04/2017 - 12:20
A recent survey conducted by the global leaders in customer science, dunnhumby, titled the Customer-Centricity Index (CCI) reveals that South Africa’s most successful apparel retailers are those with a high focus on ‘customer-centricity’ defined as focusing on creating a positive customer experience by placing your customer in the centre of your retail decisions. According to the recent study, the local retailers that scored the highest on their overall customer-centricity score include Fabiani, Woolworths, H&M, Miladys, Markham, Cotton On and Mr Price.  read more
Woolworths celebrates 10 years of the Good Business Journey

Woolworths celebrates 10 years of the Good Business Journey

26/04/2017 - 10:37
Woolworths Holdings Limited (WHL) is pleased to announce the 10th anniversary of its Good Business Journey (GBJ), a flagship South African sustainability programme that was launched in 2007 by Simon Susman, now Chairman of WHL, as a commitment by Woolworths to make a difference to people, communities and the environment.  read more
Below-forecast earnings erode Pick n Pay shares

Below-forecast earnings erode Pick n Pay shares

25/04/2017 - 11:25
While local grocers have in general seen a decline in their share prices in the past month, Pick n Pay has been hit the hardest. read more
Downgrades clip Pioneer’s wings

Downgrades clip Pioneer’s wings

24/04/2017 - 14:01
The food and beverage manufacturer’s expansion into Africa and other territories would have allowed for growth, says analyst.  read more
Africa is Pick n Pay’s second engine of growth

Africa is Pick n Pay’s second engine of growth

24/04/2017 - 09:04
Pick n Pay planned to open its first stores in Nigeria and Ghana within the next two years, the company said this week. read more
Christmas sales boost Clicks results

Christmas sales boost Clicks results

24/04/2017 - 08:46
Christmas trading helped boost Clicks’ turnover, which was up 13.1%. read more
Cashbuild updates on 3rd quarter operations

Cashbuild updates on 3rd quarter operations

21/04/2017 - 11:05
Cashbuild [JSE:CSB] said in its third quarter operational update that revenue for the company was down by 1% on the third quarter of the prior financial year.  read more
Hospital front shops help Clicks grow its footprint

Hospital front shops help Clicks grow its footprint

21/04/2017 - 09:35
Taking over the front shops in Netcare hospitals helped Clicks grow its flagship brand to 600 stores at the end of February, the retail group said in its interim results statement on Friday morning. read more
Instability doesn't bode well for trading, says Massmart

Instability doesn't bode well for trading, says Massmart

20/04/2017 - 15:58
Retail giant Massmart warned that increasing policy uncertainty in South Africa would have negative consequences for the economy. read more
Pick n Pay’s Zim partner shows strong earnings growth

Pick n Pay’s Zim partner shows strong earnings growth

20/04/2017 - 15:21
Harare - TM Supermarkets, the Zimbabwe-based associate of Pick n Pay [JSE: PIK], recorded strong performance for the 52 weeks ended February 26, 2017.  read more
Woolworths tops 2016 Customer Satisfaction Index with most satisfied customers

Woolworths tops 2016 Customer Satisfaction Index with most satisfied customers

20/04/2017 - 14:00
Supermarket loyalty tested in tough economic times  read more
Nestlé sales beat analysts' estimates

Nestlé sales beat analysts' estimates

20/04/2017 - 11:42
Nestlé SA reported first-quarter revenue growth ahead of analysts’ estimates and an uptick in pricing, a signal of possible improvement in a sluggish food and beverage market.  read more
Pick n Pay profit rises as grocer adds fresh produce

Pick n Pay profit rises as grocer adds fresh produce

19/04/2017 - 16:50
Johannesburg - Pick n Pay reported a 17% increase in full-year profit as the supermarket chain extended its fresh-produce range, opened stores and focused on keeping prices low amid weak consumer spending. read more
Refurbishing disrupts Pick n Pay’s revenue growth

Refurbishing disrupts Pick n Pay’s revenue growth

19/04/2017 - 10:00
Retailer says profit grew faster than sales despite restricting its selling price inflation to 6.1% for the year, well below published food inflation of 11%. read more
Hyper-functional foods booming in the FMCG market

Hyper-functional foods booming in the FMCG market

13/04/2017 - 10:04
Consumer interest in the relationship between diet and health has increased as consumers become more informed about how to get the most out of their daily food intake. read more
Shoprite looks beyond Africa to Eastern Europe

Shoprite looks beyond Africa to Eastern Europe

13/04/2017 - 09:52
Africa’s biggest grocery retailer Shoprite is considering a push into South America and Eastern Europe, where it will leverage off its former suitor Steinhoff International which already has operations in the region, its new CEO told Reuters. read more
Naspers invests more in Takealot, SA's biggest eCommerce website

Naspers invests more in Takealot, SA's biggest eCommerce website

12/04/2017 - 16:06
Naspers, Africa's biggest eCommerce and digital company, has just invested R960-million (about $69.4-million) into Takealot Online, South Africa's largest eCommerce company. read more
H&M unveils new brand as it seeks to revive profit

H&M unveils new brand as it seeks to revive profit

12/04/2017 - 14:50
Hennes & Maurita announced the addition of its first new store brand in three years as the Swedish fashion retailer seeks to revive sales in key European markets. read more
Kidswear continues to boom

Kidswear continues to boom

12/04/2017 - 09:22
One clothing trend which seems to be following a steep upward growth curve is the kidswear category. read more
Retailers shift away from Africa expansion

Retailers shift away from Africa expansion

12/04/2017 - 09:02
African expansion is just not something most retailers are speaking of, says EY read more
Sovereign moves back into the spotlight

Sovereign moves back into the spotlight

11/04/2017 - 12:55
Sovereign Foods moved back into the spotlight last week when its share price shot back towards its all-time high of 950c on large volume trade. read more
Pick n Pay anticipates improved performance

Pick n Pay anticipates improved performance

11/04/2017 - 10:10
Pick n Pay [JSE:PIK] advised that Pick n Pay Stores is in the process of finalising its 2017 financial results for the 52 weeks ended 26 February 2017, which are expected to be published on 19 April 2017.  read more
Apparel Retail dressed for sales success

Apparel Retail dressed for sales success

10/04/2017 - 14:35
Local clothing outlets are feeling the effects of foreign chains’ attraction for SA consumers. read more
Retailers beware - Robbers are planning to cash in over Easter too

Retailers beware - Robbers are planning to cash in over Easter too

10/04/2017 - 11:31
As you prepare to take a break this Easter‚ criminals are getting busy.  read more
Is product reformulation food and beverage’s best kept secret?

Is product reformulation food and beverage’s best kept secret?

07/04/2017 - 08:58
Food and beverage manufacturers may be embracing cleaner ingredients, but they’re a little more hesitant when it comes to talking about it. read more
Bidcorp secures 90% stake in Spanish company Guzmán

Bidcorp secures 90% stake in Spanish company Guzmán

06/04/2017 - 11:12
Bid Corporation (Bidcorp) has secured a 90% stake in Spanish company Guzmán, to expand into regions that offer growth in the out-of-home foodservice market. read more
H&M pledges to use 100% recycled materials by 2030

H&M pledges to use 100% recycled materials by 2030

05/04/2017 - 10:14
The H&M Group has made a landmark pledge to use 100 percent recycled or sustainably sourced materials in its products by 2030. read more
Nestlé SA and Department of Small Business Development sign MOU for Enterprise Development

Nestlé SA and Department of Small Business Development sign MOU for Enterprise Development

04/04/2017 - 11:21
Nestlé South Africa and the Department of Small Business Development signed a Memorandum of Understanding (MOU) with the commitment to source and develop micro-distributors primarily located in townships and rural areas. The signing ceremony which took place at the annual Proudly South African Summit was attended by the Minister of Small Business Development, Honourable Lindiwe Zulu, senior government officials and business representatives.  read more
Lancôme speeds its mobile site with Google’s progressive web apps

Lancôme speeds its mobile site with Google’s progressive web apps

04/04/2017 - 09:05
The L’Oréal Paris cosmetics brand launched a mobile website that operates like an app and powered a 16% increase in mobile sales. read more
Pick n Pay cuts Smart Shopper rewards

Pick n Pay cuts Smart Shopper rewards

04/04/2017 - 08:49
Pick n Pay has overhauled its Smart Shopper loyalty programme, halving the value of the cash rewards but saying it is making the rewards more personal and easier to access. read more
 Social media taking precedence for retailers

Social media taking precedence for retailers

03/04/2017 - 09:14
Social media is becoming increasingly influential for retailers to target their customers. read more
H&M sales rise in SA bad news for local retailers

H&M sales rise in SA bad news for local retailers

31/03/2017 - 11:40
The retailer's sales increased 39% in rand terms from the nine stores it has in operation read more
RSA Group responds to Competition Commission fresh produce allegations

RSA Group responds to Competition Commission fresh produce allegations

30/03/2017 - 15:46
The RSA Group is one of nine firms targeted by the Competition Commission in a number of search and seizure operations carried out at fresh produce markets across the country on the 23rd and 24th of March 2017. read more
Retailers must do more to tackle childhood obesity, say UK MPs

Retailers must do more to tackle childhood obesity, say UK MPs

28/03/2017 - 10:07
The Commons Health Committee has published a new report which accuses last year’s childhood obesity strategy of not going far enough, pushing for ministers to introduce new legislation that prevents supermarkets discounting unhealthy food. read more
Multinational retailers hungry for space in SA’s shopping malls

Multinational retailers hungry for space in SA’s shopping malls

28/03/2017 - 08:26
Retailers with globally recognised brands attract shoppers and please landlords read more
Retailers square off in Zimbabwe

Retailers square off in Zimbabwe

27/03/2017 - 08:41
Zimbabwe’s economy may be down and out, but new investment by Pick n Pay, OK Zimbabwe and Botswana-based Choppies points to a fierce battle for retail market share read more
Instagram to roll out shopping feature after successful trial

Instagram to roll out shopping feature after successful trial

24/03/2017 - 16:11
Instagram has announced plans to roll out its shopping options within the image-sharing app. read more
Woolworths set to unify Country Road Group and David Jones

Woolworths set to unify Country Road Group and David Jones

24/03/2017 - 13:38
Woolworths is combining its Australian subsidiaries Country Road Group and David Jones into one group called WHL Australasia.  read more
Nike eCommerce growth slows in Q3

Nike eCommerce growth slows in Q3

23/03/2017 - 15:18
The footwear maker and multichannel retailer's 18% increase in digital sales in fiscal Q3 is less than half of the 40%+ year-over-year growth rates in recent quarters. read more
Busby to close down Nine West and Mango

Busby to close down Nine West and Mango

23/03/2017 - 08:26
All free-standing stores under both these brands will close their doors by the end of March. read more
Pick n Pay invests R500m to cut prices of everyday food items

Pick n Pay invests R500m to cut prices of everyday food items

22/03/2017 - 14:38
Johannesburg – In a move that could be seen as a bid to lure shoppers away from its rivals, Pick n Pay is investing R500 million in making food items cheaper. read more
Seven in ten retailers to invest in IoT technologies to revolutionise customer experience

Seven in ten retailers to invest in IoT technologies to revolutionise customer experience

22/03/2017 - 12:41
By 2021, smart technologies to provide shoppers with new levels of personalisation, speed and convenience read more
‘Bricks and Mortar’ retailers with no omnichannel strategy face closure

‘Bricks and Mortar’ retailers with no omnichannel strategy face closure

15/03/2017 - 13:43
Brands and ‘bricks and mortar’ retailers need to leverage their in-store assets and move into the world of e-commerce with an effective multichannel approach to sales that offers a seamless shopping experience to customers - both physical and online or face serious sales declines or closure.  read more
The collective voice of today’s dynamic digital consumer is growing louder

The collective voice of today’s dynamic digital consumer is growing louder

15/03/2017 - 10:32
The collective voice of today’s dynamic digital consumers is growing louder, compelling goods and services providers to respond with enhanced organisational agility across their entire businesses. This means connecting the dots throughout the business by aligning digital capabilities with operations, technology and strategy. read more
HomeChoice increases its revenue despite challenging year

HomeChoice increases its revenue despite challenging year

14/03/2017 - 16:03
Home-shopping and digital retailer HomeChoice International declared a dividend of 87c per share on Tuesday in the release of its financial statements for the year to end-December. read more
Queenspark interim profit plummets

Queenspark interim profit plummets

13/03/2017 - 09:32
Clothing retailer Queenspark reported interim profit of R3m for the six months to end-December — a fifth of the matching period’s R15m — but hopes online sales via Zando and Spree websites will improve its fortunes. read more
Truworths Zim posts 40.8% half-year sales drop

Truworths Zim posts 40.8% half-year sales drop

10/03/2017 - 16:33
Harare - With the Zimbabwean government now predicting a 3.7% GDP growth rate in 2017, the story is completely different at one of the country’s leading clothing retailers, Truworths. read more
Pioneer mum on transaction

Pioneer mum on transaction

09/03/2017 - 11:27
Cautionary update warns of deal, but CEO says group is in talks and details will follow after the board’s approval read more
Food labelling – Is it true, misleading or an outright lie?

Food labelling – Is it true, misleading or an outright lie?

09/03/2017 - 08:48
The increase in questionable labelling claims to differentiate products has become an issue of concern for academics, regulators, and consumers around the world. A walk through the aisles of a local supermarket will reveal some interesting marketing claims made on product packaging – some valid, some spurious at best. read more
Pick n Pay's Zim partner mulls delisting

Pick n Pay's Zim partner mulls delisting

08/03/2017 - 13:34
Harare – Zimbabwean conglomerate Meikles Limited is mulling delisting from the Zimbabwe Stock Exchange (ZSE) and is planning an offer to minority shareholders, it said in a cautionary last Wednesday. read more
Lindt profit misses estimates as US market shrinks

Lindt profit misses estimates as US market shrinks

08/03/2017 - 08:38
Zurich - Lindt & Sprungli reported full-year profit slightly below analysts’ estimates as the US market shrank and the world’s biggest maker of premium chocolate revamped Russell Stover’s portfolio to make it less seasonal. read more
Competition Commission places conditions on Pakco deal with Rhodes Food

Competition Commission places conditions on Pakco deal with Rhodes Food

07/03/2017 - 15:06
The Competition Commission placed conditions on two food-group-related deals: Belgian confectioner Puratos’s acquisition of half of Bidcorp’s bakery division, and Rhodes Food’s acquisition of instant mix maker Pakco. read more
South Africans opt for the ease and efficiency of online shopping

South Africans opt for the ease and efficiency of online shopping

07/03/2017 - 13:07
South African consumers are increasingly turning to e-commerce platforms when looking for, comparing and purchasing a variety of items. 26% of respondents from a recent survey made their very first online purchase in June 2015 – a massive recent uptake when compared to the total number of new online shoppers for the period July 2015 - June 2016 (14%). read more
Rooibos helps AVI brew up solid results

Rooibos helps AVI brew up solid results

07/03/2017 - 08:29
Groceries fare well but Green Cross is still struggling read more
Accenture reveals Generation Z to switch majority of purchases to retailers providing newest digital tools, channels

Accenture reveals Generation Z to switch majority of purchases to retailers providing newest digital tools, channels

06/03/2017 - 14:10
Young consumers seek voice-activated ordering, curated subscriptions and automatic replenishment shopping models. read more
Nestlé and Danone team up to create PET bottle from biomass

Nestlé and Danone team up to create PET bottle from biomass

03/03/2017 - 15:47
Nestlé Waters has teamed up with Danone and US startup Origin Materials to develop a PET plastic bottle made from 100% renewable and sustainable biomass materials. read more
Ferrero ranked most reputable food company in the world

Ferrero ranked most reputable food company in the world

03/03/2017 - 10:25
Ferrero is the world’s most reputable company in the food industry, according to the 2017 Global RepTrak 100. read more
Pick n Pay celebrates 50th year in business

Pick n Pay celebrates 50th year in business

02/03/2017 - 12:12
In his own words, “10% capital and 90% guts” is what it took for Raymond Ackerman to start Pick and Pay on March 1st, 1967. 50 years later we’re a little older, a little wiser and still doing what we do best. Serving you, South Africa. With our hearts, we create a great place to be. With our minds, we create an excellent place to shop. read more
H&M renews global multi-year contract with Nedap

H&M renews global multi-year contract with Nedap

02/03/2017 - 11:46
Nedap has renewed the global agreement with Hennes & Mauritz (H&M), one of the world's largest fashion retailers, for the supply of intelligent article surveillance systems. The multi-year contract encompasses the supply and installation of Nedap’s !Sense hardware and tags for new stores and refurbishments. read more
Unilever to be charged for cartel activity

Unilever to be charged for cartel activity

01/03/2017 - 17:11
The Competition Commission wants Unilever to pay a fine of 10% of its annual turnover in a cartel case. read more
The state of African eCommerce analysed at the eCommerce MoneyAfrica Confex last week

The state of African eCommerce analysed at the eCommerce MoneyAfrica Confex last week

01/03/2017 - 10:39
The 3rd Annual eCommerce MoneyAfrica Confex took place at the Cape Town International Convention Centre in Cape Town on 22nd and 23rd of February 2017. read more
South Africa’s retail future with Daniel Silke and the SACSC

South Africa’s retail future with Daniel Silke and the SACSC

01/03/2017 - 09:48
Daniel Silke is regarded as one of the South Africa’s leading political analysts and futurists. With over 15 years’ experience as a political analyst and futurist, it comes as no surprise that he is often interviewed to share his thoughts and opinions on the country’s leading television news and radio talk shows. read more
Clover caught between drought and embattled consumers

Clover caught between drought and embattled consumers

01/03/2017 - 09:22
Dairy products group says rising raw milk prices and constrained consumers put it under pressure during the first half of its financial year. read more
Steinhoff to continue on growth trend

Steinhoff to continue on growth trend

01/03/2017 - 09:15
Johannesburg – International retailer Steinhoff’s revenue increased 45%, according to its latest quarterly report. read more
Spar denies wittingly employing undocumented migrants after police arrest 63

Spar denies wittingly employing undocumented migrants after police arrest 63

28/02/2017 - 10:55
The Spar retail group has responded to allegations by the Department of Home Affairs, saying that it does not wittingly employ undocumented migrants read more
Checkers takes aim at Woolies’ convenience market

Checkers takes aim at Woolies’ convenience market

27/02/2017 - 11:43
Shoprite wants to beat the market leader at its own game. read more
Gloomy outlook for SA’s retail sector

Gloomy outlook for SA’s retail sector

27/02/2017 - 10:53
The food and drug retailers index rallied just under 9% last week following the release of better-than-expected results from grocery giant Shoprite. read more
Whitey Basson leaves behind ‘excellent’ team

Whitey Basson leaves behind ‘excellent’ team

24/02/2017 - 16:44
The Shoprite icon delivers the last results under his watch, with numbers blowing past expectations and operations thriving in the rest of Africa.  read more
Tiger Brands ‘solid’ but Pioneer sees profit drop

Tiger Brands ‘solid’ but Pioneer sees profit drop

24/02/2017 - 14:49
Drought hits Pioneer’s earnings, while a ‘solid domestic market’ saves Tiger Brands from weak trading conditions across Africa. read more
Dumping of chicken hit group’s performance, says RCL Foods CEO

Dumping of chicken hit group’s performance, says RCL Foods CEO

24/02/2017 - 12:28
The company had to impair R142m of plant and equipment related to the decision to reduce commodity chicken volumes.  read more
Christo Wiese says he'll learn from failed merger talks

Christo Wiese says he'll learn from failed merger talks

24/02/2017 - 10:43
Johannesburg - Shoprite chairperson Christo Wiese said Africa’s biggest grocer had learned from failed merger talks with Steinhoff International and there are still ways the retailers can work together.  read more
BAT sells more cigarettes in 2017 driven by Rothmans’ brand appeal

BAT sells more cigarettes in 2017 driven by Rothmans’ brand appeal

24/02/2017 - 10:36
Rothmans appears to be the group’s best-performing brand, increasing volumes sold almost 37% driven by sales in Russia, Italy, and Nigeria, among others. read more
Cost control keeps Massmart buoyant

Cost control keeps Massmart buoyant

24/02/2017 - 10:30
Africa’s second-largest retailer manages to fend off tough trading conditions in the year to end-December with tight cost control. read more
Shoprite changes growth compass as Steinhoff talks fail

Shoprite changes growth compass as Steinhoff talks fail

24/02/2017 - 10:18
Johannesburg - Shoprite Holdings will focus on expansion outside Africa after talks with Steinhoff International Holdings to create the continent’s biggest retailer fell apart. read more
Make your category strategy stand out

Make your category strategy stand out

21/02/2017 - 11:02
Most in our industry would agree that, in theory, a good category strategy is of real value. By this, I mean a clear point of view on how a category can be grown that identifies a few key drivers and priority actions for each. But with most companies now having category strategies, and many of them looking similar, they can sometimes fail to get traction with key stakeholders.  read more
Shoprite’s interims a fitting sendoff for Whitey Basson

Shoprite’s interims a fitting sendoff for Whitey Basson

21/02/2017 - 10:03
The retailer says the drought and its effect on agricultural production, along with the high replacement cost of basic food imports, pushed up internal inflation. read more
Steinhoff calls off negotiations with Shoprite over merger

Steinhoff calls off negotiations with Shoprite over merger

21/02/2017 - 08:53
Shoprite’s share price jumped 7% and Steinhoff’s 6% after the retailers called off their proposed merger. read more
South Africans ditch cash and queues for online shopping

South Africans ditch cash and queues for online shopping

20/02/2017 - 16:31
South Africans are fast getting over their cyber anxiety‚ as more and more are choosing to ditch cash and queues for online shopping.  read more
Buffett’s Walmart sell-off is bad news for retailers

Buffett’s Walmart sell-off is bad news for retailers

20/02/2017 - 15:16
Billionaire investor Warren Buffett has dumped 90% of his Walmart shares, worth $900m. read more
Grocery stores to get rid of ‘sell by’ dates on food

Grocery stores to get rid of ‘sell by’ dates on food

20/02/2017 - 10:42
In an effort to cut down on confusion about labels on food items, grocery manufacturers and retailers are being urged to get rid of terms like 'sell-by' and 'best before'. read more
Slump hurts Truworths most

Slump hurts Truworths most

20/02/2017 - 09:27
Truworths has reported the worst decline in interim sales volumes of all the listed retailers on the JSE. read more
 Danone to cut costs as sales growth slows

Danone to cut costs as sales growth slows

20/02/2017 - 09:08
Paris - French dairy giant Danone unveiled a $1.1bn cost-cutting programme as it said that sales growth slowed last year. read more
Can lagging luxury brands stage a comeback in 2017?

Can lagging luxury brands stage a comeback in 2017?

17/02/2017 - 15:46
Department stores’ woes have captured the headlines, but unfortunately, they’re not the only ones on the sea of troubles.  read more
IGD reveals top five food-to-go trends

IGD reveals top five food-to-go trends

17/02/2017 - 14:26
With food-to-go taking a bigger bite of grocery markets around the world, Gavin Rothwell, Senior Retail Insight Manager at grocery research organisation IGD, identifies the top five trends he believes will shape this sector in the future. read more
Local study identifies key areas in global food losses

Local study identifies key areas in global food losses

17/02/2017 - 12:27
A South African study has identified key areas of the global food supply chain where high losses occur, particularly in developing countries. Reducing food losses and waste can contribute to efforts to alleviate world hunger. read more
Woolworths sees green shoots in Australia

Woolworths sees green shoots in Australia

17/02/2017 - 10:35
Woolworths says it is beginning to see some "green shoots" in its Australian operations, with significant changes in store for David Jones and Country Road Group. read more
Michael Kors opens first store in South Africa

Michael Kors opens first store in South Africa

17/02/2017 - 09:00
Michael Kors has recently opened its first store at the V&A Waterfront Mall in Cape Town. read more
Moody’s withdrawal of ratings is ‘good news’, says Edcon CEO Bernie Brookes

Moody’s withdrawal of ratings is ‘good news’, says Edcon CEO Bernie Brookes

16/02/2017 - 16:57
Edcon CEO Bernie Brookes says Moody’s agreement to withdraw its ratings of the retailer is good news.  read more
Nestlé sees slower sales as new CEO plans restructuring

Nestlé sees slower sales as new CEO plans restructuring

16/02/2017 - 11:57
Zurich - Nestlé SA forecast 2017 sales and profitability below its long-term targets as new chief executive officer (CEO) Mark Schneider steps up restructuring efforts to reignite growth at the world’s largest food company. read more
Foreign acquisitions a factor in Steinhoff’s share price declines

Foreign acquisitions a factor in Steinhoff’s share price declines

16/02/2017 - 09:37
Steinhoff’s corporate activity unnerves European and local investors, and Christo Wiese’s proposed deal makes matters ‘more complicated’ read more
Woolworths Holdings announces interim financial results

Woolworths Holdings announces interim financial results

16/02/2017 - 09:19
Woolworths Holdings Ltd (WHL) announces results for the 26 weeks to 25 December 2016. read more
New Look drags Brait down

New Look drags Brait down

15/02/2017 - 13:31
New Look was the ugly stain in Brait’s trading update for the quarter to December 2016, as the UK clothing retailer’s valuation fell R10bn following a 42% drop in the previous quarter. read more
Moody’s withdraws all its ratings on Edcon

Moody’s withdraws all its ratings on Edcon

15/02/2017 - 08:23
Moody’s says Edcon’s capital restructuring will short investors on what the company had initially promised them. read more
SA shoppers feel the love on Valentine's Day

SA shoppers feel the love on Valentine's Day

14/02/2017 - 23:04
South African shoppers feel the love on Valentine’s Day, spending more than ever on the romantic day of the year. read more
Italtile cements 15% rise in net profit

Italtile cements 15% rise in net profit

14/02/2017 - 08:43
Cost cutting will not affect the company’s expansion plans in SA, says chief financial officer Brandon Wood read more
Could The Body Shop benefit from being sold?

Could The Body Shop benefit from being sold?

13/02/2017 - 14:21
This week cosmetics giant L’Oréal announced it was considering the sale of one of Britain’s most iconic retailers: The Body Shop. read more
Levi's records 4th consecutive year of profits

Levi's records 4th consecutive year of profits

13/02/2017 - 09:40
Denim retailer and manufacturer Levi Strauss & Co has recorded increases quarterly and yearly net revenue and income for the fourth year in a row. read more
Pinterest makes it easier to buy with ‘Shop the Look’

Pinterest makes it easier to buy with ‘Shop the Look’

13/02/2017 - 09:07
Buying merchandise on Pinterest just got even easier. read more
Dis-Chem turnover fails to move investors

Dis-Chem turnover fails to move investors

13/02/2017 - 08:59
The trading update is largely upbeat, but investor enthusiasm for the JSE’s retail sector has been tempered read more
Billionaire Wiese’s long walk to Shoprite/Steinhoff merger

Billionaire Wiese’s long walk to Shoprite/Steinhoff merger

13/02/2017 - 08:48
Johannesburg - Christo Wiese, South Africa’s fourth-richest person with a fortune of about R76.26bn, is at the centre of plans to create the continent’s largest retailer by combining the African operations of Shoprite and Steinhoff. read more