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Retail sales grow more than expected in June

Retail sales grow more than expected in June

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

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

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

Truworths feels consumer pressure

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

Forecourt convenience retail sector in SA grows despite tough trading conditions

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

Ice-cream market on thin ice

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

Analysts predict some upside for Richemont

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

Managing theft in the food industry

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

BAT raises $17.25bn in bond issue

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

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

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

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

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

Education fund may smooth way for Shoprite’s Basson repurchase

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

Premier Foods in court fight over use of name

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

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

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

Brave new world of retail bad for workers

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

Stuttafords saga: Lessons to be learnt

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

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

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

The new face of SA clothing

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

Steinhoff could get stake in Shoprite in new setup

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

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

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

Italtile gets deadline for elusive Ceramic deal

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

Loyalty cards surge as hard times bite

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

TFG raises R2.5bn through new share issue

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

Restructuring fails to breathe life into Ellies

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

L'Oréal posts 4.3% sales growth in H1

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

What’s driving the share price surge at Sovereign?

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

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

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

Edgars dishes up shopper bait at new in-store café

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

Dis-Chem succession 'in works'

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

Adidas jumps as sneaker, sportswear sales drive profit upgrade

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

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

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

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

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

Nestlé outlook for weakest sales in 20 years gives Loeb ammo

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

BAT complains illegal cigarette trade is hurting sales in SA

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

Why Long4Life's sweetened offer hit share price

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

Long4Life shares slide after new bid for Holdsport

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

Stuttafords Saga: How Nenegate brought down the store

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

Pick n Pay launches online distribution centre in Gauteng

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

Sovereign bosses go the route of sacrifice

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

Labour Court lifeline gives retrenched Edcon staff hope

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

Choppies struggles to make its mark in tough SA conditions

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

Dis-Chem and Clicks remain attractive

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

No bonuses for Pick n Pay executives

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

Taste halts sale of luxury business

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

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

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

Shoprite sales edge forward

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

Steinhoff raises R12bn in Europe

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

Long4Life acquires spa group Sorbet

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

Direct selling rakes in R12.9bn

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

Massmart’s sales slow as SA slips into recession

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

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

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

Trading conditions squeeze Woolworths’ growth hopes

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

Inquiry seeks data on informal retail

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

Rupert’s luxury watch chief at Richemont resigns

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

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

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

Atterbury’s Pemba Shopping development opens in Mozambique

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

Woolworths and other SA retailers under increasing pressure

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

Retail job cuts loom as spending is squeezed

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

TFG, Truworths look offshore for growth

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

Few cheers from the market for Clover’s new structure

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

H&M to open six more stores in SA

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

TFG to fight back over club charges

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

Richemont sells Shanghai Tang as China prefers foreign swank

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

Foschini in breach of credit act - NCR

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

Niche eateries and shops flourish

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

Richemont snips less than stellar luxury brand

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

Carrefour plans assault on Shoprite territory

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

Supermarket chains fight for share of the market

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

H&M outpaces its slower rivals

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

Nestlé gives an inch on share buybacks but Loeb wants more

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

SACSC appoints Michael Horne as new president

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

L'Oreal finalises sale of The Body Shop

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

Luxury retail sector feeling the pinch

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

Foreign brands feel the pinch in tough times

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

Abraaj plans Libstar IPO - source

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

Woolworths faces fight on many fronts

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

Dis-Chem sale pumps up RECM and Calibre

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

Shoprite aims to double its high-end convenience foods offering

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

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

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

Consumer goods companies take strain

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

Why BAT is confident of market gain

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

The death of Stuttafords

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

Big squeeze on malls

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

Big decline in consumer goods industry

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

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

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

The numbers and trends behind Father's Day spending

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

Stronger rand takes bite out of Brait’s dividend

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

Robots & Retail: Going beyond the supply chain

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

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

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

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

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

Africa makes winning case for Steinhoff

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

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

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

Spree announces first image search shopping feature in Africa

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

Shoprite introduces R5 meals

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

Steinhoff reports increase in first-half operating profit

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

Jewellers play catch-up with online sales tactics

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

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

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

Regulator to challenge Lewis victory in club fees battle

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

Retailers seek growth outside saturated cities

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

Bounty Brands on track for listing

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

Taste could spend R328m on Starbucks expansion

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