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Nestlé gives an inch on share buybacks but Loeb wants more

Nestlé gives an inch on share buybacks but Loeb wants more

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

SACSC appoints Michael Horne as new president

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

L'Oreal finalises sale of The Body Shop

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

Luxury retail sector feeling the pinch

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

Foreign brands feel the pinch in tough times

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

Abraaj plans Libstar IPO - source

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

Woolworths faces fight on many fronts

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

Dis-Chem sale pumps up RECM and Calibre

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

Shoprite aims to double its high-end convenience foods offering

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

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

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

Consumer goods companies take strain

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

Why BAT is confident of market gain

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

The death of Stuttafords

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

Big squeeze on malls

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

Big decline in consumer goods industry

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

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

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

The numbers and trends behind Father's Day spending

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

Stronger rand takes bite out of Brait’s dividend

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

Robots & Retail: Going beyond the supply chain

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

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

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

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

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

Africa makes winning case for Steinhoff

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

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

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

Spree announces first image search shopping feature in Africa

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

Shoprite introduces R5 meals

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

Steinhoff reports increase in first-half operating profit

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

Jewellers play catch-up with online sales tactics

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

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

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

Regulator to challenge Lewis victory in club fees battle

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

Retailers seek growth outside saturated cities

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

Bounty Brands on track for listing

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

Taste could spend R328m on Starbucks expansion

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

Tiger gets territorial in SA

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

Club charges trip up Mr Price

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

Another fighting chance for Stuttafords

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

TFG expansion: Major boost for SA clothing manufacturing industry

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

Spar cuts dividend despite rising profit and revenue

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

Mr Price increases dividend despite drop in profit

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

Clover drops after earnings warning

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

Edcon shuts stores in bid to save sales

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

Checkers Little Shop mini collectibles are back by popular demand

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

Jewellery sales beat food sales at Starbucks agent Taste Holdings

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

Famous Brands earnings drop after shopping spree

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

Grant Pattison to lead Edcon from June

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

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

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

Tiger Brands to be vigilant on continent

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

Edcon stuck between rocky loans and a hard trading place

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

Massmart disappointed by H1 sales trends so far

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

TFG to buy Australian menswear group

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

DIS-CHEM: Off to a healthy start

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

Lewis feels impact of economic climate

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

International business weighs on Tiger Brands

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

Woolworths appoints CEO for Australasia

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

Verimark more than doubles its full-year profit

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

Rupert's Richemont bets on duty-free

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

Nod for Steinhoff Africa assets spin-off

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

Flagship Rebosis mall celebrates robust growth

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

Lewis’s shares rise despite profit warning

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

Famous Brands shares fall 2.96%

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

Steinhoff plans Africa spin-off after R40bn expansion

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

Dis-Chem to pay a maiden dividend

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

Clicks up there amongst the coolest

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

Hush-hush Shoprite deal stuns investors

15/05/2017 - 08:45
Back in 2011, when critics got into a flap about the R595m that former Shoprite CEO Whitey Basson made when he exercised a chunk of the share options he’d received as part of his remuneration package, chairman Christo Wiese told the Financial Mail: "I would pay R1bn in the middle of the night for another Whitey." read more
Richemont's profit plummets on low sales

Richemont's profit plummets on low sales

15/05/2017 - 08:38
Swiss luxury goods group, Richemont’s profit plummeted by 46% according to the 2017 financial report released on Friday. read more
Township retail booms

Township retail booms

12/05/2017 - 11:37
Forget a sluggish national economy. Township retail is booming as major brands invest amid stalled CBD and suburban growth.  read more
Maerua Mall to extend shopping hours

Maerua Mall to extend shopping hours

11/05/2017 - 10:34
The digital revolution has touched and changed every aspect of society, including, very significantly, shopping. For many people, it’s just not worth the time, trouble and expense of making a trip to a bricks-and-mortar mall when everything they might desire is available literally at their fingertips in the virtual world. read more
Edcon to fight back over fees

Edcon to fight back over fees

11/05/2017 - 08:53
Consumer tribunal’s ruling a big blow for struggling retailer — but regulator says it will oppose any appeal.  read more
Consumers still like shopping in stores — when the experience is right

Consumers still like shopping in stores — when the experience is right

10/05/2017 - 16:51
Even in a digital age, consumers still enjoy shopping in stores — if the shopping experience meets their expectations. One of the biggest turnoffs: long lines. read more
Online retailing in SA has plenty of room for growth

Online retailing in SA has plenty of room for growth

10/05/2017 - 15:00
A Nielsen survey indicates that SA consumers are open to the idea of online shopping, with online grocery shopping still the ‘holy grail’ for retailers. read more
Retailers opt for local poultry

Retailers opt for local poultry

10/05/2017 - 09:02
Large chains tell hearing of limited chicken imports. read more
Groceries keep stores alive in digital age – research

Groceries keep stores alive in digital age – research

09/05/2017 - 10:31
Despite growing popularity of online shopping, there is still a future for bricks and mortar in the retail industry, a survey by Nielsen revealed. read more
Sally Williams offers a growth lesson for the whole food sector

Sally Williams offers a growth lesson for the whole food sector

08/05/2017 - 16:56
Mark Sack, the managing director of one of South Africa’s most famous brands and a speaker at The Food Forum 2017, the conference for Africa’s Big 7 reveals why expansion was a two-year challenge. read more
Mall of Africa: Big, and it may get bigger

Mall of Africa: Big, and it may get bigger

08/05/2017 - 15:26
Tills keep ringing at Mall of Africa despite the oversupply of retail space that has hampered some other centres.  read more
Premier Foods agrees deal with Mondelēz to renew Cadbury marketing license

Premier Foods agrees deal with Mondelēz to renew Cadbury marketing license

08/05/2017 - 13:06
Premier Foods has revealed an agreement with Mondelēz International to renew the company’s licence to produce and market Cadbury branded goods in new potential markets in the likes of China, India and Japan. read more
Takealot CEO on what shapes e-commerce in SA

Takealot CEO on what shapes e-commerce in SA

08/05/2017 - 11:55
More and more South Africans are accepting e-commerce as a valid retail channel, according to Kim Reid, CEO of Takealot. read more
Shoprite interest up as Whitey Basson sells stock

Shoprite interest up as Whitey Basson sells stock

08/05/2017 - 09:34
The unprecedented move will add about R144m to Shoprite’s annual interest bill. read more
Pioneer mum on nixed deal

Pioneer mum on nixed deal

05/05/2017 - 14:19
There is speculation about the details of a potential deal that did not materialise after SA’s credit rating was downgraded.  read more
Legal fees hit Sovereign earnings

Legal fees hit Sovereign earnings

04/05/2017 - 09:31
Fight to stave off Country Bird hostile bid results in headline loss read more
Tribunal finds the club fee charged by Edcon to be unlawful

Tribunal finds the club fee charged by Edcon to be unlawful

03/05/2017 - 12:30
The National Consumer Tribunal handed down judgment against Edcon on Tuesday that the club fee charged by Edcon to its credit customers was unlawful and in contravention of the National Credit Act (NCA). read more
Why Pick n Pay lags Shoprite

Why Pick n Pay lags Shoprite

02/05/2017 - 14:14
Activity galore at Pick n Pay but lack of sales growth has analysts concerned. read more
Mall of Africa celebrates 1st birthday

Mall of Africa celebrates 1st birthday

02/05/2017 - 08:40
Waterfall - Attacq recently celebrated the first birthday of the Mall of Africa. read more
Woolworths celebrates 10 years of the Good Business Journey

Woolworths celebrates 10 years of the Good Business Journey

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

Below-forecast earnings erode Pick n Pay shares

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

Downgrades clip Pioneer’s wings

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

Africa is Pick n Pay’s second engine of growth

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

Christmas sales boost Clicks results

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

Cashbuild updates on 3rd quarter operations

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

Hospital front shops help Clicks grow its footprint

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

Instability doesn't bode well for trading, says Massmart

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

Pick n Pay’s Zim partner shows strong earnings growth

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

Woolworths tops 2016 Customer Satisfaction Index with most satisfied customers

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

Nestlé sales beat analysts' estimates

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

Pick n Pay profit rises as grocer adds fresh produce

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

Refurbishing disrupts Pick n Pay’s revenue growth

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

Hyper-functional foods booming in the FMCG market

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

Shoprite looks beyond Africa to Eastern Europe

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

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

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

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

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

Kidswear continues to boom

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

Retailers shift away from Africa expansion

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