Advertise with fastmoving.co.za
 
 

RETAILER NEWS

Subscribe to Retailer News

Cashbuild key to success is in lower end

Cashbuild key to success is in lower end

20/01/2017 - 10:10
Cashbuild’s meteoric rise since 2009 came just as stock exchanges around the world imploded into the global financial crisis. read more
Shoprite wins as consumers seek cheap food to beat inflation

Shoprite wins as consumers seek cheap food to beat inflation

19/01/2017 - 11:47
Johannesburg - South African shoppers with limited spending money are turning to low-cost supermarket chains such as Shoprite Holdings for cheaper food and eschewing new clothes to counter accelerating inflation. read more
Black Friday provides boost for SA retail sales

Black Friday provides boost for SA retail sales

19/01/2017 - 09:28
Johannesburg – Following a short-lived boost, retail sales may slow down in the first half of 2017 because of increased consumer pressures in the coming months, say analysts. read more
KPMG survey details what online shoppers really want

KPMG survey details what online shoppers really want

18/01/2017 - 08:33
A new report by KPMG International analyses the online shopping preferences and behaviours of more than 18,000 consumers in 51 countries, by geography, generation and product category. read more
African businesses help boost Shoprite turnover by 14%

African businesses help boost Shoprite turnover by 14%

18/01/2017 - 08:17
Cape Town - The Shoprite Group increased its turnover by 14.0% from R62.5 billion to R71.3 billion for the six months to December 2016, the Group said in a note to shareholders.  read more
Trade mark registration: Truworths no longer has "the look"

Trade mark registration: Truworths no longer has "the look"

17/01/2017 - 11:46
Ackermans has recently been successful in a precedent setting trade mark dispute against Truworths which was heard by the Supreme Court of Appeal. The trade mark at the centre of the dispute was “THE LOOK”. read more
Grinch steals Mr Price’s Christmas cheer

Grinch steals Mr Price’s Christmas cheer

17/01/2017 - 11:22
Budget clothing retailer Mr Price suffered a 0.5% decline in sales to R6.1bn over the Christmas quarter even before taking into account high product inflation of 10.8%. read more
2017 retail predictions

2017 retail predictions

17/01/2017 - 08:43
As the new year gets underway, it’s time to look forward to the changes and trends 2017 will bring. For retailers, that includes some new consumer behaviours, in addition to the always-expected technological advances. read more
Shoprite and Steinhoff release full of hot air

Shoprite and Steinhoff release full of hot air

17/01/2017 - 08:22
Great excitement on the day before the day that marks the last working day of the year for many of us; on December 14, Shoprite and Steinhoff released a Sens statement entitled "joint detailed cautionary announcement relating to the establishment of an African retail champion". read more
TFG shares shoot up as retailer provides a rare bright spot in the sector

TFG shares shoot up as retailer provides a rare bright spot in the sector

16/01/2017 - 15:51
TFG’s share price shot up more than 6% in midday trade after the retailer said its Christmas sales exceeded expectation. read more
How being sceptical paid off for Massmart

How being sceptical paid off for Massmart

16/01/2017 - 10:33
The company says its cautious strategy in the rest of Africa is proving to be the right approach. read more
Truworths 26-week sales rise 21% but earnings drop marginally

Truworths 26-week sales rise 21% but earnings drop marginally

16/01/2017 - 08:29
On Thursday Truworths International reported a 21% rise in retail sales to R10.2bn for the 26-week period that ended on Christmas Day. read more
Woolworths pre-update trade in shares queried

Woolworths pre-update trade in shares queried

13/01/2017 - 08:40
A number of investors have raised suspicions about possible irregularities in Woolworths share trading ahead of the release of its worst interim trading update in recent memory. read more
Richemont reports Christmas boost on watch rebound

Richemont reports Christmas boost on watch rebound

12/01/2017 - 10:37
Zurich - Richemont, the maker of Cartier necklaces and IWC Schaffhausen timepieces, reported an unexpected gain in Christmas-season revenue, boosted by demand for luxury jewellery and a rebound in watch sales at its own stores. read more
Woolworths’ nightmare after Christmas

Woolworths’ nightmare after Christmas

12/01/2017 - 09:09
Retailer blames the exclusion of Boxing Day from the first half figures for its 2017 financial year for part of its lacklustre sales growth figures read more
Market sells on tie-up news as Shoprite takes bigger hit

Market sells on tie-up news as Shoprite takes bigger hit

12/01/2017 - 08:27
The deal is to be priced slightly in favour of Steinhoff, share prices suggest read more
Top baby-boomer shopping habits retailers can’t afford to ignore

Top baby-boomer shopping habits retailers can’t afford to ignore

11/01/2017 - 15:16
Millennials grab most of the attention from brand marketers, but baby boomers still have greater disposable income and far more purchasing clout.  read more
The sad state of the luxury handbag industry

The sad state of the luxury handbag industry

11/01/2017 - 08:50
New York - Handbag makers are busy battling waning demand and markdowns at stores, and that may have diverted their attention from what could make them successful in the long run: creativity. read more
McDonald’s sells China stake for $1.7bn

McDonald’s sells China stake for $1.7bn

10/01/2017 - 09:37
Hong Kong - McDonald’s agreed to sell a controlling stake in its China and Hong Kong operations to a group of investors for about $1.7bn, a key component of the fast-food giant’s reorganisation in a market where it’s struggling to catch up with more nimble rivals. read more
After a decade iPhone keeps making waves

After a decade iPhone keeps making waves

10/01/2017 - 09:05
Putting the internet in people’s pockets, and on tablet computers, has profoundly changed the way people watch films, get news, socialise and work read more
The future of retail: Robots to replace people?

The future of retail: Robots to replace people?

10/01/2017 - 08:39
Johannesburg – More retail stores are downsizing and some are even closing as e-commerce becomes more popular among consumers. read more
7 trends set to define grocery retail in 2017

7 trends set to define grocery retail in 2017

09/01/2017 - 09:40
Online grocery, last-mile shipping, social media marketing, product transparency and differentiated shopping experiences will highlight the year ahead. read more
Coca-Cola heads for tricky AB Inbev deal

Coca-Cola heads for tricky AB Inbev deal

09/01/2017 - 09:01
Competition analysts believe it will involve another year of detailed engagements with competition regulators in many African countries read more
Tiger Brands bosses cash in after failure

Tiger Brands bosses cash in after failure

09/01/2017 - 08:49
Months after taking a R2.2bn write-down on its disastrous Nigerian acquisition, Tiger Brands’ remuneration committee raised the fees of the directors who had overseen the decision to invest in the value- destroying Dangote Flour Mills. read more
 Danone sales growth to miss target

Danone sales growth to miss target

19/12/2016 - 13:45
Zurich - Danone, the world’s biggest yogurt maker, said sales growth will be slightly below its target for 2016 as its fresh dairy business shrinks for a third year, hurt by weak demand in Spain and a slower-than-expected revamp of the Activia yogurt brand across Europe. read more
Woolworths launches free Wi-Fi in 85 stores

Woolworths launches free Wi-Fi in 85 stores

15/12/2016 - 13:50
Woolworths said on Thursday it had launched free Wi-Fi in 85 stores nationally, as customers continue to shift to online and mobile shopping platforms this festive season. read more
Steinhoff’s African units to merge with Shoprite to become Retail Africa

Steinhoff’s African units to merge with Shoprite to become Retail Africa

14/12/2016 - 15:03
Shoprite and the African operations of Steinhoff are to be merged into a new group called Retail Africa, major shareholders of both retailers Christo Wiese and the Public Investment Corporation (PIC) announced on Wednesday. read more
SA malls brace for festive season spending

SA malls brace for festive season spending

14/12/2016 - 14:40
Tough macro-economic conditions have little effect on consumer spend – economist  read more
R1bn supermall opens in Thohoyandou August 2017

R1bn supermall opens in Thohoyandou August 2017

14/12/2016 - 14:34
Thohoyandou in Limpopo will have its first fully enclosed, double-storey, air-conditioned regional mall when it opens on 24 August 2017. Thavhani Mall, a R1bn project will have over 134 shops, restaurants and service outlets in a 50,000sqm development. read more
No trimmings on this year's festive budget

No trimmings on this year's festive budget

14/12/2016 - 09:42
Shoppers likely to trim their budgets instead of opting for all the trimmings this festive season, according to research conducted for South African Council of Shopping Centres (SACSC) by Urban Studies. The survey gauged expectations of landlords, retailers and financiers for the season's Christmas shopping. read more
R250m centre for Constantia

R250m centre for Constantia

13/12/2016 - 10:39
Cape Town's upmarket suburb of Constantia is poised to get a new shopping centre and two traffic circles. read more
South African Hyperli launches new online deal marketplace

South African Hyperli launches new online deal marketplace

12/12/2016 - 11:57
7 December 2016, Cape Town: Fast on the heels of Groupon’s exit from the South African market, newly formed Hyperli is set to take the online deal marketplace by storm. Hyperli has honed its offering and today launches a newly curated online marketplace focused on delivering relevant deals to South African consumers. read more
Steinhoff adds R42bn in market value in two days

Steinhoff adds R42bn in market value in two days

12/12/2016 - 11:03
The rally was sparked by Steinhoff's report of 20.3% growth in its constant currency quarterly retail sales. read more
Mall monopolies keep rivals away

Mall monopolies keep rivals away

12/12/2016 - 08:55
There are cracks emerging in the grocery retail ­sector from the practice of established players trying to keep competition out by entering into “exclusive leases”. read more
Retail trends for the 2016 festive shopping season

Retail trends for the 2016 festive shopping season

09/12/2016 - 15:17
As the festive fever finally begins to take hold, retailers that can connect more to their customers while still offering world-class products and services will find themselves in high demand. read more
Christo Wiese has no regrets even after Brexit burn

Christo Wiese has no regrets even after Brexit burn

09/12/2016 - 11:59
Johannesburg/London — South African billionaire Christo Wiese navigated the upheavals of apartheid and the creation of a free nation over more than five decades to build a $6bn personal fortune. read more
Christmas cheer lifts JSE retailers

Christmas cheer lifts JSE retailers

09/12/2016 - 11:14
The JSE’s general retailers gained 4% on Thursday as punters bet on strong Christmas sales. But mixed signals from Asian markets on Friday morning made it unclear its the bourse could end the week on a high note. read more
Low spending hits Shoprite credit

Low spending hits Shoprite credit

09/12/2016 - 11:02
The lending arm of Africa’s largest retailer sees a decline in credit sales for the first time since listing read more
Steinhoff clams up on tie-up

Steinhoff clams up on tie-up

08/12/2016 - 14:59
Steinhoff CEO Markus Jooste shot down speculation that the company could be looking for acquisitions in South America but danced around the question concerning a long-rumoured tie-up with Shoprite. read more
Puratos to buy half of Bidcorp Bakery

Puratos to buy half of Bidcorp Bakery

08/12/2016 - 09:17
Bid Corporation (Bidcorp), the food services conglomerate, announced on Wednesday the sale of half of its subsidiary Bidcorp Bakery Solutions (BBS) to Brussels-based Puratos Group. read more
Greenacres R420m revamp to be completed midyear

Greenacres R420m revamp to be completed midyear

08/12/2016 - 08:43
VA International Architects are nearing completion of the mammoth two-year, R420m upgrade of the Greenacres Shopping Centre. read more
R300k penalty for Premium Brand

R300k penalty for Premium Brand

08/12/2016 - 08:35
Cape Town - Premium Brand has been ordered to pay an administrative penalty of R300 500 relating to prohibited practice, the Competition Tribunal said on Wednesday.  read more
Richemont offers to scale back plan to cut watchmaking jobs

Richemont offers to scale back plan to cut watchmaking jobs

08/12/2016 - 08:32
Zurich - Richemont offered to reduce a job-cut plan by about 20%, though worker representatives still demanded more concessions from the Swiss luxury-goods maker as they protested near the headquarters of its Piaget and Vacheron Constantin brands. read more
Mondelez initiative to enhance capacity of cocoa farmers

Mondelez initiative to enhance capacity of cocoa farmers

07/12/2016 - 15:47
As production of cocoa has failed to keep pace with world demand, prices have steadily been rising for several years. Fortunately, manufacturers such as Mondelez International are taking steps to help cocoa farmers boost production. read more
Zando reports increase in mobile shopping

Zando reports increase in mobile shopping

07/12/2016 - 12:07
Zando reported an increase of orders by the factor of 11, compared to an average day in 2016 on Black Friday, 25 November. This is a record for Zando's Black Friday sales, especially as most purchases were made through the online retailer's mobile app. read more
Surge in phone shopping requires retailer strategy, says Nielsen

Surge in phone shopping requires retailer strategy, says Nielsen

07/12/2016 - 09:01
Nielsen says in order to win more customers; retail owners will need to use different tactics to cater to the different mobile-shopper needs read more
TFG to use Uber-like delivery model

TFG to use Uber-like delivery model

06/12/2016 - 08:56
The retailer takes on game-changers with its ‘deliver 2 me’ service for online fashion purchases read more
Woolworths shareholders rebel

Woolworths shareholders rebel

05/12/2016 - 09:36
Woolworths’ shareholders latched on to two of the most controversial issues in corporate governance when substantial numbers voted against the reappointment of the auditors and also against the remuneration policy at Wednesday’s annual general meeting. read more
IDC retail insights: Top 10 predictions for global retail

IDC retail insights: Top 10 predictions for global retail

01/12/2016 - 10:25
The need for digital transformation, more integrated IT and operations, business security, and rethinking the future of work are among the themes that dominate IDC Retail Insight’s top 10 predictions for worldwide retail 2017. read more
South Africans take advantage of ‘Cyber Monday’ deals

South Africans take advantage of ‘Cyber Monday’ deals

30/11/2016 - 16:39
South Africans took advantage of the "Cyber Monday" discounts offered by a range of retailers, with online store Takealot expecting to beat its performance last year. read more
Quantum plans to extend buyback

Quantum plans to extend buyback

29/11/2016 - 16:08
Shareholders approve the repurchase of Quantum shares in ‘the cheapest investment for the company’ read more
Zim supermarkets reject new bond notes in early trade

Zim supermarkets reject new bond notes in early trade

28/11/2016 - 15:30
Harare – Zimbabwean supermarkets rejected the newly-introduced bond notes in early trade on Monday, despite banks offering the local currency to depositors and excitement on the streets of Harare.  read more
Constitutional Court rules on Pick n Pay's mall exclusivity case

Constitutional Court rules on Pick n Pay's mall exclusivity case

28/11/2016 - 14:52
The Constitutional Court on Friday refused to give Pick n Pay Retailers an interdict to stop Masstores' Game store from trading as a supermarket at the Cape Gate shopping centre, despite Pick n Pay having an exclusive right to do so. read more
Grand Parade bails out of Spur deal

Grand Parade bails out of Spur deal

28/11/2016 - 09:52
Empowerment group Grand Parade Investments (GPI) – which is rolling out the Burger King franchise in SA — has cancelled its premium-priced order for a huge helping of Spur Corporation shares. read more
Retailers oppose debt-relief plan

Retailers oppose debt-relief plan

28/11/2016 - 09:24
MP criticises clothing companies for making credit too easily available to consumers read more
Pick n Pay fails in bid to block Game trading

Pick n Pay fails in bid to block Game trading

28/11/2016 - 08:46
Retail giant Massmart staved off an attempt by rival retailer Pick n Pay to prevent one of its subsidiaries, Game, from operating as a supermarket at a Western Cape shopping centre. read more
Shoprite expands into West Africa as urbanisation gathers pace

Shoprite expands into West Africa as urbanisation gathers pace

28/11/2016 - 08:30
Harare – Shoprite's expansion in West Africa has provided a growth pad for Zambian meat processing company Zambeef, which is running in-store butcheries in partnership with the SA grocer in the region. read more
Johann Rupert's job cuts at Richemont shock Swiss watchmakers

Johann Rupert's job cuts at Richemont shock Swiss watchmakers

25/11/2016 - 13:41
Geneva - Richemont’s plan to slash 210 watchmaking jobs in Switzerland is sending shockwaves from Geneva to some of the country’s remote mountain villages, the cradle of high-end watch manufacturing. read more
Masstores' Game wins ConCourt battle against Pick n Pay

Masstores' Game wins ConCourt battle against Pick n Pay

25/11/2016 - 13:19
Johannesburg- Walmart-owned Masstores has succeeded in its appeal at the Constitutional Court to have the right to operate as a supermarket that sells fresh foods at a Western Cape shopping centre. read more
Sovereign Foods swings into first-half loss

Sovereign Foods swings into first-half loss

24/11/2016 - 12:24
Sovereign Foods buckled under the pressure from rising feed costs and increased poultry imports as it swung into a loss in the six months to end-August. read more
Mega Menlyn mall expects 2m visitors in December

Mega Menlyn mall expects 2m visitors in December

24/11/2016 - 09:07
Johannesburg – The newly redeveloped Menlyn Park Shopping Centre is the largest mall in Africa and 2m people are expected to visit the mall in December, say developers.  read more
Edcon aims to win hearts and reap rewards in peak season

Edcon aims to win hearts and reap rewards in peak season

24/11/2016 - 09:02
The season, which runs from October to December, is driven by holiday and back-to-school shopping. Edcon has historically generated a third of its annual sales in this quarter.  read more
Malls set to enjoy fair trade this festive season

Malls set to enjoy fair trade this festive season

23/11/2016 - 16:25
Johannesburg - This holiday season is likely to ring in fair festive retail sales despite 2016’s frail and fickle economy. read more
Tiger Brands’ profit trebles after ditching the Dangote millstone

Tiger Brands’ profit trebles after ditching the Dangote millstone

23/11/2016 - 15:39
Tiger Brands reported aftertax profit of R3.3bn for the year to end-September — 3.5 times higher than the previous year’s R942m, which was dragged down by a R2.2bn write-down of its Nigerian acquisition Dangote Flour Mills. read more
Pick n Pay introduces tap and go technology to speed up service at its tills

Pick n Pay introduces tap and go technology to speed up service at its tills

23/11/2016 - 12:23
Pick n Pay has introduced tap-and-go technology in its stores‚ and the JSE-listed retailer says this will significantly reduce queues at tills. read more
Black Friday back & bigger at Checkers, up to 50% off on everyday products

Black Friday back & bigger at Checkers, up to 50% off on everyday products

23/11/2016 - 10:23
The world’s biggest sales promotion is back at Checkers on Friday, 25 November. Checkers was the first food retailer to bring Black Friday to South Africa in 2014, and this year it is again discounting prices by up to 50% on everyday products that were carefully selected with consumers’ shopping needs in mind. read more
Edcon returns to profit after Bain cedes control

Edcon returns to profit after Bain cedes control

23/11/2016 - 08:37
Edcon returned to profit in the second quarter after debt repayment costs eased following the exit of US private equity firm Bain Capital, while the retailer cleared unwanted stock to boost sales over the busy festive period. read more
A case for retaining customers during shopping centre redevelopment

A case for retaining customers during shopping centre redevelopment

22/11/2016 - 11:49
Successfully redeveloping a shopping centre involves myriad considerations, not least of which is how to look after existing customers during the chaos of construction. Olive Ndebele, GM of Menlyn Park Shopping Centre in Pretoria, tells us how they did it. read more
Retail security trends for 2017 - 'servification' and DNA protection

Retail security trends for 2017 - 'servification' and DNA protection

22/11/2016 - 10:01
With constant security threats like robberies, theft, and burglaries, and increasing concern, Monica Hallin, CEO of Vindico Group, identifies three of the most prominent trends in retail security for 2017. read more
Rhodes and Pioneer warn over drought

Rhodes and Pioneer warn over drought

22/11/2016 - 09:56
Strain could be felt in 2017, food producers say as country swings to importing white maize  read more
Malls gear up for Black Friday

Malls gear up for Black Friday

21/11/2016 - 15:31
The countdown to Black Friday has begun. And retailers across the country are preparing for an influx of shoppers on the busiest shopping day of the year. read more
Danone dumps Chinese purified water company

Danone dumps Chinese purified water company

21/11/2016 - 10:14
Danone has offloaded its Chinese purified water company, Robust Co. Ltd., to local company Win Holding for an undisclosed fee. read more
Retailers slow to adopt real-time payment systems

Retailers slow to adopt real-time payment systems

21/11/2016 - 08:28
Integrated payment systems result in improved efficiency, reduced risk and costs for consumers, merchants and banks, so what's stopping retailers from making the shift? read more
Spar brand in Zim transfers to new entity

Spar brand in Zim transfers to new entity

21/11/2016 - 08:20
Harare – The Spar brand will still be available in Zimbabwe, despite South Africa’s Spar Group's move to stop its distribution business in the country as the licence for the brand has now been transferred to a new entity, Spar Zimbabwe. read more
Dis-Chem Pharmacies dips on market debut

Dis-Chem Pharmacies dips on market debut

18/11/2016 - 12:36
Chemist chain Dis-Chem made its debut on the JSE on Friday, with its shares opening at R23.26 and valuing it at around R20bn. read more
High-spirited Spar has a big year

High-spirited Spar has a big year

17/11/2016 - 10:38
Spar Group has reported a 12% surge in full-year operating profit, largely defying the malaise in the local retail sector and the Brexit-inspired dip in Europe’s consumer confidence. read more
Dis-Chem’s share issue provokes retail outrage

Dis-Chem’s share issue provokes retail outrage

17/11/2016 - 09:51
Retail investors, many of whom are loyal Dis-Chem customers, are up in arms because they received no shares in the placement of 236.8-million Dis-Chem shares ahead of Friday’s listing on the JSE. read more
Pioneer Foods aqcuires a strategic stake in Weetabix East Africa

Pioneer Foods aqcuires a strategic stake in Weetabix East Africa

16/11/2016 - 16:08
Pioneer Foods Group Limited announced today that it would acquire a 49.8% stake in major FMCG manufacturer Weetabix East Africa Limited for an undisclosed amount. This will establish a strategic beachhead for Pioneer Foods in East Africa and the opportunity to build a significant cereal position in the region. read more
Expansion into Switzerland lifts Spar

Expansion into Switzerland lifts Spar

16/11/2016 - 10:55
Group says the performance of Build It continues to defy pressure on consumer spending, with retail sales and same-store growth both increasing  read more
 Weaker Mr Price pins hope on Christmas sales

Weaker Mr Price pins hope on Christmas sales

15/11/2016 - 09:01
Cape Town – A difficult trading environment and a late start to the winter have put pressure on Mr Price Group’s financial results posted for the 26 weeks ended 1 October 2016.  read more
Rhodes Food Group advises on likely increases

Rhodes Food Group advises on likely increases

14/11/2016 - 15:26
Johannesburg - Rhodes Food Group advised shareholders on Monday that it expects certain increases in earnings for the year ended September 25, 2016. read more
Mr Price’s home division offsets slump in clothing sales

Mr Price’s home division offsets slump in clothing sales

14/11/2016 - 09:52
Retailer Mr Price managed to offset some of the slump in clothing sales with better performance by its other divisions. read more
Woolworths pins its hopes on summer sales

Woolworths pins its hopes on summer sales

11/11/2016 - 11:53
Summer sales might offer a helpful fillip for clothing retailer Woolworths after a poor winter start to the first 19 weeks of this financial year. read more
Clicks clears hurdle to run Netcare pharmacies

Clicks clears hurdle to run Netcare pharmacies

11/11/2016 - 09:41
Cape Town – The Competition Tribunal announced on Thursday that it has approved – with conditions – the merger between Clicks and Netcare’s in-hospital “front shops”. read more
TFG crosses R1bn mark in interim headline earnings

TFG crosses R1bn mark in interim headline earnings

11/11/2016 - 08:53
Apparel retailer TFG’s interim headline earnings exceeded R1bn for the first time — a result that CEO Doug Murray said was achieved through diversification, international expansion, discipline and cost control. read more
Google Shopping expected to significantly shift the e-commerce landscape in SA

Google Shopping expected to significantly shift the e-commerce landscape in SA

10/11/2016 - 11:23
Google Shopping has delivered excellent results for global brands and with a South African launch immanent, global search and digital marketing specialists, Clicks2Customers looks at what local brands should be doing to ensure they are not left behind when the virtual doors open. read more
No basis for grocer probe, says Pick n Pay

No basis for grocer probe, says Pick n Pay

10/11/2016 - 11:03
Pick n Pay does not believe there is a basis for the inquiry into the grocery retail sector. In its nonconfidential submission prepared by law firm Nortons to the panel overseeing the process, the retailer says there is a relatively clear difference between the formal and informal grocery retail trade. read more
Home and décor speciality mall set for Johannesburg

Home and décor speciality mall set for Johannesburg

10/11/2016 - 08:57
Speciality malls might not be the norm in SA, but a new one in Johannesburg focused on home and décor might offer a boost for small businesses. read more
Lewis more than halves its interim dividend

Lewis more than halves its interim dividend

09/11/2016 - 10:27
Furniture retailer Lewis more than halved its interim dividend to R1 from the matching period’s R2.15. read more
 Checkers first major SA supermarket to develop private label, banting-friendly range

Checkers first major SA supermarket to develop private label, banting-friendly range

09/11/2016 - 09:59
Checkers is the first major South African supermarket to develop an exclusive, banting-friendly product range specifically with consumers’ needs in mind. read more
South African retail industry gears up for the holiday season

South African retail industry gears up for the holiday season

09/11/2016 - 09:46
Data released by Statistics South Africa in mid-September shows that the pace of retail sales growth eased in July, rising just 0.8% year-on-year (y-o-y). The July growth rate was well down on the 1.4% posted the previous month, though retail sales rose overall 2% y-o-y in the three months through to the end of July. read more
Clothing, textile and footwear showcased

Clothing, textile and footwear showcased

09/11/2016 - 09:33
Cape Town - The 18th International Apparel, Textile and Footwear (ATF) Import Trade Exhibition takes place in the Cape Town International Convention Centre (CTICC) until Thursday, November 10. read more
Dunkin' Donuts SA launch exceeds sales targets by 100%

Dunkin' Donuts SA launch exceeds sales targets by 100%

08/11/2016 - 09:16
Approximately 100,000 donuts and more than 2,500 cups of coffee were sold during the launch weekend, exceeding sales targets by 100%. This is according to Dunkin' Donuts South Africa COO Davin Berrill. read more
 Spar advises on results expectations

Spar advises on results expectations

08/11/2016 - 08:45
Johannesburg - Spar is in the process of finalising its results for the year ended 30 September 2016. read more
Nestle pays $145 million for stake in biotech firm Aimmune

Nestle pays $145 million for stake in biotech firm Aimmune

07/11/2016 - 11:25
Nestle SA’s health unit is investing $145 million for a 15 percent stake in Aimmune Therapeutics Inc., a California maker of food-allergy therapies. read more
Pick n Pay: Time to turn the retail tide

Pick n Pay: Time to turn the retail tide

07/11/2016 - 09:20
"Retailing is not complicated - it's just hard to do well." read more
Octodec urged to dispose of Killarney Mall

Octodec urged to dispose of Killarney Mall

04/11/2016 - 16:07
Now may be the time for central business district (CBD)-focused Octodec Investments to sell Killarney Mall, an asset that remains a dud in its R12.3bn property portfolio. read more
L’Oreal shares surge as demand grows for premium makeup brands

L’Oreal shares surge as demand grows for premium makeup brands

04/11/2016 - 13:56
L’Oreal SA’s shares soared the most in almost seven months after revenue beat analysts’ estimates on rising demand for the cosmetic maker’s high-end brands in North America. read more
 Richemont announces changing of the guard amid profit plunge

Richemont announces changing of the guard amid profit plunge

04/11/2016 - 11:17
Geneva - Richemont [JSE:CFR], the maker of Piaget jewelry and IWC Schaffhausen timepieces, said chief executive officer Richard Lepeu and chief financial officer Gary Saage will retire next year as it reported a decline in first-half profit. read more
FreshStop at Caltex opens its largest forecourt convenience store in South Africa

FreshStop at Caltex opens its largest forecourt convenience store in South Africa

04/11/2016 - 09:17
FreshStop, the fastest growing and largest convenience retail brand in South Africa, continues to lead the convenience retail industry with the opening of its new flagship store in Caledon in the Western Cape on the busy N2 commuter highway. As its largest convenience retail store in the country with 400m2 of retail space alone, FreshStop at Caltex Caledon’s official opening took place on Thursday, 27 October 2016.  read more