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RCL Foods considers a restructure of its commodity chicken component

RCL Foods considers a restructure of its commodity chicken component

29/09/2016 - 09:27
RCL Foods is considering a restructure of its commodity chicken category in response to current market conditions, which have deteriorated as a result of an increased level of dumped chicken products in the local market. read more
Cotton On Group's youth brand Supré opens in SA this October

Cotton On Group's youth brand Supré opens in SA this October

29/09/2016 - 08:47
Supré, an Australian fast fashion chain aimed at the youth market, and owned by the Cotton On Group, has announced that the opening of three stores in South Africa by November, including Cavendish Square, Centurion Mall, and Menlyn Park. read more
 Wiese: Steinhoff, Shoprite tie-up would be a 'natural development'

Wiese: Steinhoff, Shoprite tie-up would be a 'natural development'

29/09/2016 - 08:38
Cape Town - It would be a "natural development" for international retail group Steinhoff [JSE:SHF] to take over Shoprite [JSE:SHP], Africa's biggest supermarket chain, South African retail tycoon Christo Wiese told Reuters. read more
Billionaire Christo Wiese invests over R24bn more in Steinhoff

Billionaire Christo Wiese invests over R24bn more in Steinhoff

28/09/2016 - 14:19
Johannesburg - Christo Wiese, South Africa’s richest man, is investing a further $1.8bn (R24.3bn) in Steinhoff International Holdings to help finance the furniture retailer’s acquisition spree in Europe and North America. read more
 Lucid Ventures brings Jamie Oliver eatery to JHB

Lucid Ventures brings Jamie Oliver eatery to JHB

28/09/2016 - 14:06
Cape Town - The first South African restaurant in celebrity chef Jamie Oliver's signature chain Jamie's Italian will open in Melrose Arch in Johannesburg in November, according to a statement released on Wednesday. read more
Steinhoff to raise up to €2.4bn to fund acquisition spree

Steinhoff to raise up to €2.4bn to fund acquisition spree

28/09/2016 - 09:50
STEINHOFF plans to raise at least €1.89bn in a new share issue, to fund the acquisition of Mattress Firm and Poundland. read more
Clicks and Pargo partners for online shopping delivery solution

Clicks and Pargo partners for online shopping delivery solution

27/09/2016 - 14:41
Pargo and Clicks Retailers have announced a partnership that will enable online shoppers to collect and return purchases in Clicks stores countrywide, whether they shopped at Spree, BidorBuy or OneDayOnly. Through the partnership, Pargo will grow its network of pick-up points to over 1,000 stores. read more
Mr Price Group positions for future using customer engagement software by Interactive Intelligence

Mr Price Group positions for future using customer engagement software by Interactive Intelligence

27/09/2016 - 10:37
Mr Price Group realises ROI within six months of deployment; company cites improved efficiencies, a better customer experience, increased sales and significant savings read more
Woolworths appoints CE for Australian subsidiary

Woolworths appoints CE for Australian subsidiary

27/09/2016 - 10:23
RETAILER Woolworths on Tuesday announced the appointment of Scott Fyfe as CEO of its Australian subsidiary, the Country Road Group. read more
Dunkin' Donuts says Cape Town launch date is up to the customer

Dunkin' Donuts says Cape Town launch date is up to the customer

26/09/2016 - 15:42
Following on from Grand Foods' announcement that the first Dunkin' Donuts in South Africa would open in Cape Town at the end of October 2016, the American donut company and coffeehouse chain is challenging customers to participate in daily challenges in order to determine its launch date read more
Sovereign expecting a loss, whether buyback and BEE deal go ahead or not

Sovereign expecting a loss, whether buyback and BEE deal go ahead or not

26/09/2016 - 09:16
SOVEREIGN Foods, the company contesting a takeover offer from Country Bird, has posted a trading update warning of losses. read more
Pick n Pay's self-service raises job-loss fears

Pick n Pay's self-service raises job-loss fears

26/09/2016 - 09:07
The introduction of six self-service checkout counters at a Pick n Pay branch in Observatory, Cape Town, has raised fears of a future nationwide roll-out of the kiosks and thousands of cashiers potentially becoming redundant. read more
Vodacom signs R1bn deal to exploit Prasa’s fibre-optic network

Vodacom signs R1bn deal to exploit Prasa’s fibre-optic network

23/09/2016 - 15:12
VODACOM scored its second government contract in a week after it entered into a 15-year agreement worth R1bn with the Passenger Rail Agency of SA (Prasa). read more
Franchisers and franchisees will soon all have a code and an ombud

Franchisers and franchisees will soon all have a code and an ombud

22/09/2016 - 13:42
PLANS are afoot to set up an ombud to handle complaints between franchisers and franchisees, following the release in January of the draft Franchise Industry Code of Conduct by the National Consumer Protector. read more
NEWS ANALYSIS: Former Woolworths MD tipped to lead Edcon

NEWS ANALYSIS: Former Woolworths MD tipped to lead Edcon

22/09/2016 - 12:21
FORMER MD of retail at Woolworths Andrew Jennings, has been tipped as a possible contender to head the new Edcon board, which will have the near-impossible task of growing profit in one of the most hostile trading environments in the group’s 86-year history. read more
 Tiger brands Zim partner readies for bond notes

Tiger brands Zim partner readies for bond notes

22/09/2016 - 09:36
Harare – Innscor Africa Limited, which has partnerships with South African companies such as Tiger Brands in Zimbabwe, said on Wednesday that it will deal with bond notes to be introduced next month at the appropriate time although executives at the company said they were three weeks behind in foreign payments. read more
 Retail's best recognised

Retail's best recognised

21/09/2016 - 10:08
Johannesburg - Two high-profile industry achievement awards were announced recently at the 20th Annual SA Council of Shopping Centres’ (SACSC) Congress, acknowledging the exceptional contributions of the retail industry’s top talent. read more
Fournews acquires share in Portuguese brands

Fournews acquires share in Portuguese brands

21/09/2016 - 10:02
Johannesburg - Franchise group Fournews announced on Tuesday that it has acquired a significant share in the Calisto’s Portuguese Restaurant and Senhor Calisto’s fast food outlets. read more
Bain Capital to sell Edcon in debt-to-equity deal

Bain Capital to sell Edcon in debt-to-equity deal

21/09/2016 - 09:57
Johannesburg - Bain Capital plans to sell Edcon Holdings in a debt-to-equity deal, according to Edcon CEO Bernard Brookes. read more
Cyril Ramaphosa selling McDonald’s SA to foreign firm

Cyril Ramaphosa selling McDonald’s SA to foreign firm

21/09/2016 - 09:53
Cape Town - McDonald’s South Africa confirmed on Tuesday that there was a “process” under way to replace Deputy President Cyril Ramaphosa as the current developmental licensee of the fast food chain’s operations in South Africa. read more
Unilever buys eco-conscious US brand Seventh Generation

Unilever buys eco-conscious US brand Seventh Generation

20/09/2016 - 16:21
THE HAGUE - Dutch food and cosmetics giant Unilever said on Monday it was acquiring eco-conscious US cleaning products group Seventh Generation, expanding its range of environmentally friendly brands. read more
Lewis Stores credit ruling a win for consumers

Lewis Stores credit ruling a win for consumers

20/09/2016 - 15:38
Cape Town - The tough ruling against Lewis Stores is a clear warning that illegal practices in the credit industry will not be tolerated, according to Debt Rescue CEO Neil Roets. read more
 Swiss watch exports fall for fourteenth straight month

Swiss watch exports fall for fourteenth straight month

20/09/2016 - 11:31
Zurich - Swiss watch exports fell in August as demand weakened from Japan to the US, extending the industry’s slump to fourteen months. read more
 Online retail is on the rise

Online retail is on the rise

19/09/2016 - 08:33
South Africans, and especially men, are increasingly clicking and buying, but our online shopping industry still doesn’t come close to that of the UK and the US. read more
Jewellery outperforms other retail sectors in July

Jewellery outperforms other retail sectors in July

16/09/2016 - 12:14
Jewellery was the best-performing sector in the retail industry when it came to year-on-year growth in July, with a 7.2 per cent uptick in sales according to new research. read more
Pick n Pay tests self-service till

Pick n Pay tests self-service till

16/09/2016 - 10:22
A PICTURE of a self-service check-out machine at one of retailer Pick n Pay’s stores has caused a mix of both horror and glee, much of which was expressed on social media. read more
Spree develops app-first mobile shopping experience

Spree develops app-first mobile shopping experience

15/09/2016 - 15:39
Understanding that the future of online shopping lies in mobile devices, and seeing a constant increase in the contribution of mobile traffic to total traffic, the online fashion retailer recently implemented a mobile app-first approach to improve the overall mobile user experience thereby driving engagement and shopping on mobile devices, ultimately increasing the mobile conversion rate. read more
Cornubia Shopping Mall to open next September

Cornubia Shopping Mall to open next September

15/09/2016 - 09:19
Cornubia Shopping Mall, currently being developed on the north coastal development corridor of Durban, is set to open in September 2017. The 85,000m² mall is rising from the old cane fields alongside the M41 at Flanders Road. read more
Tribunal wants audit of all Lewis credit deals

Tribunal wants audit of all Lewis credit deals

15/09/2016 - 08:33
IN ITS first substantial ruling against a listed company, the National Consumer Tribunal has ordered Lewis Stores to oversee an independent audit of all the credit agreements it has entered into since 2007. read more
Investors grill Mr Price management on poor quarterly performance

Investors grill Mr Price management on poor quarterly performance

14/09/2016 - 08:50
MR PRICE Group’s management fielded tough questions from incensed investors on Tuesday evening after the release of a dismal quarterly trading update from the retailer in August. read more
Grand Parade Investments weathers ‘perfect storm’ for consumers

Grand Parade Investments weathers ‘perfect storm’ for consumers

13/09/2016 - 11:32
GRAND Parade Investments (GPI), the casino operator that is diversifying into the food sector with brands such as Burger King, reported headline earnings per share (HEPS) of 1.99c for the year to end-June, down from 10,53c a year ago. read more
Clover reports pedestrian growth as operating costs soar

Clover reports pedestrian growth as operating costs soar

13/09/2016 - 09:36
CLOVER Industries on Tuesday reported single-digit growth in full-year net profit as the dairy products and beverages group battled higher operating costs. read more
Starbucks new tea line chases China’s $9.5bn tea market

Starbucks new tea line chases China’s $9.5bn tea market

13/09/2016 - 08:56
Shanghai - Starbucks Corporation plans to increase its global tea business to $3bn over the next five years as its starts selling its new line of tea drinks, known as Teavana, across the Asia Pacific region Monday following the products’ entry in China last week. read more
AVI improves its margins in the face of rising costs

AVI improves its margins in the face of rising costs

12/09/2016 - 12:26
CURRENCY hedges and a focus on cost containment helped consumer brands group AVI limit the damage of rand weakness in the year to June and continue to improve its profit margins. read more
Starbucks model improving with every outlet, says CEO

Starbucks model improving with every outlet, says CEO

12/09/2016 - 12:24
TASTE Holdings CEO Carlo Gonzaga says bringing Starbucks coffee into SA could yet prove a masterstroke for the company he founded, with Taste having recently refined the business model at its Starbucks stores. read more
Have retailers jumped the gun with mobile platforms?

Have retailers jumped the gun with mobile platforms?

12/09/2016 - 11:33
New research has shown that retailers may have their priorities wrong when it comes to mobile platforms. read more
Spur sales up to R7bn

Spur sales up to R7bn

12/09/2016 - 11:26
Cape Town – Spur Corporation delivered what it terms another robust trading performance in the year to June 2016 as total restaurant sales across its local and international operations grew by 12.9% to R6.97bn.  read more
Retail's 8 most powerful women

Retail's 8 most powerful women

12/09/2016 - 10:17
Fortune's "Most Powerful Women 2016" list features 51 amazing women, including eight notable females from the retail industry. These are the women that call the shots, and are currently building billion-dollar brands, as well as much more. read more
Mall of Africa wins Spectrum Award for Best Retail Development

Mall of Africa wins Spectrum Award for Best Retail Development

09/09/2016 - 15:05
The winners of the annual Retail Design and Development Awards (RDDA) were announced on Wednesday, 7 September at the 20th Annual Congress of the South African Council of Shopping Centres (SACSC) currently under way at the Sandton Convention Centre. read more
 SA’s top retail developments, designs announced

SA’s top retail developments, designs announced

09/09/2016 - 08:22
Johannesburg - Mall of Africa in Midrand, Gauteng has been named the winner of the Spectrum Award for the best retail development at the South African Council of Shopping Centre’s (SACSC) Annual Retail Design and Development Awards (RDDA). read more
Apple debuts iPhone 7 amid investor concern

Apple debuts iPhone 7 amid investor concern

08/09/2016 - 12:31
Apple rolled out updated products and new features on Wednesday that mostly relied on an old strategy. The most valuable technology company is targeting pent-up appetite for new iPhones to reignite sales growth amid mounting investor concern that its pace of innovation is slowing. read more
vida e caffè opens up on Africa expansion

vida e caffè opens up on Africa expansion

08/09/2016 - 10:22
For a local business to tackle the continent is not easy. Understanding new target markets, competitors, local culture, labour and skills development, the political environment, and currency are a number of the issues faced by the bold and courageous who take the leap. In last year's Brand Africa 100 survey, it was found that African brands accounted for 23% of the most valuable brands on the continent, with South Africa's MTN and DSTV topping the list in first and second place. That being said Nigeria held 6 of the top ten spots. read more
Spur results underline pressure on consumers as food inflation bites

Spur results underline pressure on consumers as food inflation bites

08/09/2016 - 10:04
FOOD franchise group Spur Corporation’s results for the year to June suggest the pressures facing consumers are being felt most acutely in the lower end of the market. read more
Fitbit leads wearables, Apple Watch sales slip: survey

Fitbit leads wearables, Apple Watch sales slip: survey

08/09/2016 - 08:34
WASHINGTON - Fitbit extended its lead in the market for connected wearables in the second quarter amid a sharp drop in Apple Watch sales, a survey showed Tuesday. read more
 Pick n Pay makes changes to group executive

Pick n Pay makes changes to group executive

07/09/2016 - 15:08
Cape Town - Pick n Pay announced changes to its group executive on Wednesday. read more
 Steinhoff buys Tekkie Town as profit jumps 20%

Steinhoff buys Tekkie Town as profit jumps 20%

07/09/2016 - 12:13
Johannesburg - Steinhoff International Holdings said it sees further opportunities for growth in its main markets as the acquisitive South African clothing and furniture retailer announced its latest purchase and reported a 20% rise in full-year profit.  read more
Retailer Steinhoff posts surge in revenue as market share increases

Retailer Steinhoff posts surge in revenue as market share increases

07/09/2016 - 10:28
FRANKFURT-and JSE-listed retailer Steinhoff has reported a 33% surge in revenue for the year to June, to €13.1bn, and a 32% increase in operating profit to €1.5bn. read more
 Taste in no hurry to open more Starbucks stores in SA

Taste in no hurry to open more Starbucks stores in SA

06/09/2016 - 11:19
Johannesburg – Starbucks South Africa subsidiary owner, Taste Holdings, is focusing on delivering a “quality” Starbucks experience and is in not going to add any “pressure” on itself to churn out more Starbucks stores for the time being.  read more
FreshStop adds three new fast food lines

FreshStop adds three new fast food lines

05/09/2016 - 13:06
FreshStop has added three new fast food lines to its in-house offerings - Hooked On Fish, Mr Brown's and Grill to Go. read more
Retailers lose bid to delay Massmart exclusivity complaint

Retailers lose bid to delay Massmart exclusivity complaint

05/09/2016 - 09:21
Cape Town - The Competition Tribunal announced on Friday that it has rejected the bid of a group of retailers to delay a hearing into an application brought by Massmart objecting to exclusivity in lease agreements concerning its Game stores. read more
Retailers lose their bid to halt Massmart bringing its exclusivity case

Retailers lose their bid to halt Massmart bringing its exclusivity case

02/09/2016 - 15:50
THE Competition Tribunal has rejected an application by retailers Shoprite Checkers, Pick n Pay Retailers and Spar Group to delay a hearing into an application brought by Massmart objecting to exclusivity in lease agreements with landlords, with regard to its Game stores. read more
Ocean Basket comes out tops in the SA Customer Satisfaction Index for Restaurants

Ocean Basket comes out tops in the SA Customer Satisfaction Index for Restaurants

02/09/2016 - 14:13
The latest South African Customer Satisfaction Index (SAcsi) for Restaurants indicates that South Africans are highly satisfied with local restaurant brands, with Ocean Basket topping the list. read more
River Island partners with Snapchat in a first for UK retail

River Island partners with Snapchat in a first for UK retail

01/09/2016 - 14:52
Leading high street fashion retailer River Island is set to break new ground this season with their new Snap and Share campaign in partnership with Snapchat. read more
Steers company buys UK burger chain for R2.1bn

Steers company buys UK burger chain for R2.1bn

01/09/2016 - 12:00
Johannesburg - Fast food group Famous Brands bought Britain's Gourmet Burger Kitchen (GBK) for R2.1bn, saving nearly a fifth on the price due to the weaker pound in the wake of Brexit, the firm said on Thursday. read more
Limpopo’s new R1 billion Thavhani Mall to open in August 2017

Limpopo’s new R1 billion Thavhani Mall to open in August 2017

01/09/2016 - 09:59
The highly-anticipated R1 billion Thavhani Mall at Thavhani City in Thohoyandou will officially open on 24 August 2017, bringing world-class shopping to this bustling Limpopo town. read more
Famous Brands announces largest deal in its history

Famous Brands announces largest deal in its history

01/09/2016 - 09:17
FAMOUS Brand's latest acquisition — and the largest in its history — is UK chain Gourmet Burger Kitchen for £120m (about R2.1bn), the restaurant franchisor said on Thursday morning. read more
Mr Price shares dive on tough winter season

Mr Price shares dive on tough winter season

01/09/2016 - 08:58
Johannesburg – Mr Price retail sales increased by a mere 1%, according to its trading update for the 18 weeks ended 6 August 2016.  read more
Steinhoff operating profit jumps 32%

Steinhoff operating profit jumps 32%

01/09/2016 - 08:49
Cape Town - Retailer Steinhoff [JSE:SHF] reported a 33% increase in revenue to €13.1bn for the 12 months ended June 30 2016, it announced in an unaudited trading update on Wednesday. read more
Masstores and Pick n Pay trade blows in Constitutional Court

Masstores and Pick n Pay trade blows in Constitutional Court

31/08/2016 - 12:40
WALMART-owned retailer Masstores took its battle with Pick n Pay Retailers to the Constitutional Court on Tuesday. read more
Central Square at Menlyn Maine opens on 21 September

Central Square at Menlyn Maine opens on 21 September

31/08/2016 - 12:06
Developed to be one-of-a-kind in South Africa, the iconic new Central Square will open in Pretoria at Menlyn Maine on 21 September 2016. read more
Pick n Pay's Super Animals app hits 200,000 downloads

Pick n Pay's Super Animals app hits 200,000 downloads

31/08/2016 - 10:57
The Pick n Pay's Super Animals app, which has been on the Top 10 download list since the launch of the Super Animals campaign in mid-July, has reached the 200,000 download mark within six weeks. read more
HomeChoice’s operating profit up 9.8% to R280m

HomeChoice’s operating profit up 9.8% to R280m

31/08/2016 - 08:52
DIRECT shopping retailer HomeChoice managed to pull growth from its hat as revenue rose 15.8% to R1.52bn, despite the constrained consumer environment in which it trades. read more
RCL Foods opts to cut dividend as earnings fall

RCL Foods opts to cut dividend as earnings fall

31/08/2016 - 08:48
DIVERSIFIED food producer RCL Foods has slashed its annual divided almost a third after the worst drought in a century deflated its profit growth. read more
 Cashbuild cashes in, sees strong rise in earnings

Cashbuild cashes in, sees strong rise in earnings

31/08/2016 - 08:44
CASHBUILD is cashing in on being Southern Africa’s largest retailer of building materials and associated products, selling directly to cash and card-paying customers through 284 stores in SA, Namibia, Lesotho, Botswana, Swaziland, and Malawi. read more
Global CEO study underlines retailers' risk on running store, online operations separately

Global CEO study underlines retailers' risk on running store, online operations separately

30/08/2016 - 16:10
The growing omni-channel fulfilment costs are forcing a significant number of retailers to increase minimum order values and home delivery costs, as few are running their store and online operations collectively. These findings are highlighted in CEO Viewpoint 2016: The Journey to Profitable Omni-Channel Commerce. read more
Checkers receives stamp of approval from Top SA Chefs

Checkers receives stamp of approval from Top SA Chefs

30/08/2016 - 16:00
The South African Chefs Association (SACA) has put its stamp of approval on Checkers’ new range of Ready-To-Cook convenience meals as well as its butcher’s premium pork and matured beef ranges, making it the only supermarket to enjoy this coveted badge of honour. read more
To inspire customer loyalty, retailers uncover a new moment of truth

To inspire customer loyalty, retailers uncover a new moment of truth

30/08/2016 - 09:05
Customer experience is now the critical differentiator brands can’t afford to ignore. Maximizing satisfaction with a customer’s entire journey has the potential to increase customer satisfaction by 20% and lift revenue by up to 15%.The retailers that pull ahead of the pack will be those who deliver a premium experience from beginning to end.  read more
This is what grocery shoppers value the most

This is what grocery shoppers value the most

29/08/2016 - 16:07
Fresh produce comes out on top as the most important feature to customers in their grocery store experience. read more
How can retailers tackle the £19 billion waste problem?

How can retailers tackle the £19 billion waste problem?

29/08/2016 - 08:49
Retailers in all sectors are coming under increasing pressure to reduce the amount of waste they produce.  read more
Whistleblowers raise more alarms at Lewis

Whistleblowers raise more alarms at Lewis

29/08/2016 - 08:37
Cape Town - Whistleblowers at Lewis Group [JSE:LEW] have raised more alarms about alleged dubious practices at the furniture retailer, Dave Woollam, a director of consumer watchdog Summit Financial Partners, told Fin24 on Friday. read more
Retailers break online retention rates record

Retailers break online retention rates record

26/08/2016 - 15:28
A new study by IMRG and Capgemini has revealed that online retailers are prioritising retaining customers over acquiring new ones.  read more
Customer service eclipses products, services as number one customer consideration

Customer service eclipses products, services as number one customer consideration

26/08/2016 - 11:23
Businesses used to compete against one another on one of three fronts: price, quality of product or service, or superior marketing. In the digital age, these factors are taking a back seat to something that is altogether more difficult to define, and that is customer experience. read more
Flora Blend Bar opens at The Zone@Rosebank

Flora Blend Bar opens at The Zone@Rosebank

26/08/2016 - 11:07
A new pop-up store, Flora Blend Bar, has opened at The Zone@Rosebank offering consumers a free taste of Flora margarine, blended onsite with varying seeds to create new flavours. In addition to a variety of Flora-inspired tapas, the menu showcases a wide variety of culinary uses for spreading, cooking and baking with the product. read more
Woolworths to cut food prices in tight year

Woolworths to cut food prices in tight year

26/08/2016 - 10:26
UPMARKET food and clothing retailer Woolworths will focus on bringing its prices down in certain categories after it forecast another hellish year for consumers. read more
Woolworths earnings beat estimates as food, clothing sales rise

Woolworths earnings beat estimates as food, clothing sales rise

25/08/2016 - 15:52
Johannesburg - South African retailer Woolworths Holdings reported full-year profit that beat analyst estimates after food and clothing sales rose. read more
 Fruit and Veg gets approval for Glen Aire takeover

Fruit and Veg gets approval for Glen Aire takeover

25/08/2016 - 11:42
Cape Town - A bid by Fruit and Veg to take ownership of Glen Aire Butchery Businesses has received the nod from the Competition Tribunal on Wednesday. read more
The Body Shop expands to Chile

The Body Shop expands to Chile

25/08/2016 - 10:58
The Body Shop is continuing its expansion in Latin America with a new store set to open in Chile. read more
Abercrombie & Fitch expanding global footprint through wholesale deal

Abercrombie & Fitch expanding global footprint through wholesale deal

25/08/2016 - 10:47
Shoppers in select foreign markets have a new way to purchase goods from Abercrombie & Fitch. read more
Lewis court case depicts frequent bad debt frenzy

Lewis court case depicts frequent bad debt frenzy

25/08/2016 - 10:26
COURT papers in the unprecedented legal battle between furniture retailer Lewis Group and shareholder Dave Woollam provide details of the extremes to which management allegedly went to hide the grim reality of the group’s poor performance. read more
TFG on track over growth goals

TFG on track over growth goals

25/08/2016 - 10:19
TFG says it is quietly optimistic about the future and is confident about reaching its medium-and long-term growth targets. read more
 Massmart profit rises as food sales grow

Massmart profit rises as food sales grow

25/08/2016 - 10:06
Johannesburg - Massmart Holdings, the South African retailer controlled by Wal-Mart Stores, said first-half profit rose 19% as increased food and liquor sales offset slower growth in its general merchandise and DIY offering. read more
Nestlé posts sluggish first half profits

Nestlé posts sluggish first half profits

24/08/2016 - 15:10
GENEVA - Nestlé, the world's largest food company, on Thursday reported a 9.1 percent fall in profits through the first six months of 2016, but said its sluggish performance should be reversed in a strong second half. read more
Parmalat escapes prosecution for bonuses

Parmalat escapes prosecution for bonuses

24/08/2016 - 15:01
The Competition Commission has decided not to prosecute a complaint that it had initiated against Parmalat SA for alleged abuse of dominance. read more
Shopping centre industry gathers at annual congress

Shopping centre industry gathers at annual congress

24/08/2016 - 12:43
Johannesburg - The 20th Congress of the SA Council of Shopping Centres (SACSC) will take place at the Sandton Convention Centre from September 7 to 9 2016. read more
The Wiese touch as Shoprite eyes markets outside Africa?

The Wiese touch as Shoprite eyes markets outside Africa?

24/08/2016 - 12:36
Johannesburg - Shoprite Holdings would consider expanding outside Africa as the continent’s largest food retailer seeks additional fast-growing markets, chief executive officer Whitey Basson said. read more
SA’s favourite brands announced at 18th annual Sunday Times Top Brands Awards

SA’s favourite brands announced at 18th annual Sunday Times Top Brands Awards

24/08/2016 - 09:08
Johannesburg, 23 August 2016: The results of the 18th Sunday Times Top Brands survey were announced at an awards event in Sandton, recognising those brands that had earned top consumer sentiment in South Africa over the past twelve months. The Sunday Times Top Brands survey, conducted by TNS, remains the leading barometer of consumer sentiment in the country. read more
Sorbet's Ian Fuhr hits the nail on the head when it comes to brand loyalty

Sorbet's Ian Fuhr hits the nail on the head when it comes to brand loyalty

23/08/2016 - 08:39
With over 265,000 loyalty members to date, Sorbet Group's CEO Ian Fuhr recently shared insights on the subject of developing brand loyalty at Business of Design in Johannesburg. There he explained why Sorbet's service culture is its competitive advantage in an industry that is first and foremost about the customer. read more
 Shoprite profit rises 17% amid tough retail conditions

Shoprite profit rises 17% amid tough retail conditions

23/08/2016 - 08:27
Cape Town – Shoprite’s full-year profit rose to 17% due to its focus on giving the lowest prices while also subsidising the price of basic foodstuffs. read more
Activists abandon #BoycottWoolworths campaign

Activists abandon #BoycottWoolworths campaign

19/08/2016 - 16:41
Johannesburg – Activists said on Friday they were ending the #BoycottWoolworths campaign to broaden the campaign to target all Israeli products in any store. read more
Estee Lauder forecast trails estimates as skincare struggles

Estee Lauder forecast trails estimates as skincare struggles

19/08/2016 - 16:11
New York - Estee Lauder Companies forecast full-year profit that trailed analysts’ estimates as restructuring costs and softer sales of skin-care products weigh on earnings. read more
Rondebosch Village Shopping Centre acquired for R20.2m

Rondebosch Village Shopping Centre acquired for R20.2m

19/08/2016 - 13:55
The Ikon Property Group recently brokered a transaction for the sale of Rondebosch Village Shopping Centre, which was acquired by a private property fund for R20.2m. read more
Steinhoff market value can double in 5 years

Steinhoff market value can double in 5 years

19/08/2016 - 11:17
Johannesburg - Steinhoff International Holdings isn’t done with deals and has the potential to double its market value over the next five years, according to the chairperson and largest shareholder of the acquisition-hungry South African retailer. read more
Sandton City still changing the face of SA retail

Sandton City still changing the face of SA retail

19/08/2016 - 10:42
Right at the heart of one of Africa’s richest square miles lies Sandton City, a glittering beacon of commerce that has been attracting shoppers and retailers from all over the country and around the world – for more than 40 years. read more
 UK acquisition helps Truworths perform

UK acquisition helps Truworths perform

18/08/2016 - 16:06
Cape Town – Fashion retail group Truworths International increased adjusted diluted headline earnings per share (Heps) by 16.2% to 688.2 cents in the year to June 2016 as the group benefited from the acquisition of UK fashion footwear chain Office Retail Group in December read more
International brands make Menlyn Park Shopping Centre their home

International brands make Menlyn Park Shopping Centre their home

18/08/2016 - 14:49
Pretoria, 18 August 2016 – Zara, Hamleys toy store, Krispy Kreme doughnuts and H&M clothing are just four major international brands that will soon be opening their doors in Menlyn Park Shopping Centre in Pretoria. The centre, which is undergoing a R2-billion redevelopment due for completion later this year, will become the largest in Africa, with over 500 shops and a gross lettable area of 177 000 m2. read more
Nestlé revenue grows at weakest pace in seven years

Nestlé revenue grows at weakest pace in seven years

18/08/2016 - 09:36
Zurich - Nestlé reported the slowest first-half sales growth since 2009 as the world’s biggest food company struggled to raise prices. read more
Kleoss Capital acquires shareholding in Real Foods

Kleoss Capital acquires shareholding in Real Foods

17/08/2016 - 16:49
Kleoss Capital, a 100% black-owned South African private equity investment manager with a level 1 B-BBEE accreditation, has acquired a significant minority shareholding in Real Foods (owners of the Kauai, Nü Health Café and Kohu brands. read more
The FMCG products with huge growth potential in Africa

The FMCG products with huge growth potential in Africa

17/08/2016 - 12:26
No consumer market anywhere is the world is exempt from the demand for fast moving consumer goods (FMCG). In Africa, the demand for better quality and more sophisticated products and brands is increasing as populations grow and living standards improve. read more
Unilever to buy Blueair

Unilever to buy Blueair

17/08/2016 - 09:47
London - Unilever agreed to buy Blueair, a Swedish maker of household air purifiers used to remove allergens so asthma sufferers can breathe more easily. read more
 Coty profit beats analysts’ estimates

Coty profit beats analysts’ estimates

17/08/2016 - 09:37
New York - Coty, the seller of Calvin Klein fragrance and Rimmel makeup, reported fourth-quarter profit that exceeded analysts’ estimates, helped by acquisitions and higher sales of its core cosmetics brands. read more