The wholesale division operates a fine picking wholesale business. It has three contributors to turnover: 1) Dis-Chem, 2) Independent pharmacies and 3) TLC. Dis-Chem has 129 stores across the country, with its predominant exposure in Gauteng, including three stores in Namibia. The group operates from three store formats: 1) Big box format, 2) Alternative format and 3) Dis-Chem The Local Choice. Dis-Chem is positioned to be a destination store, where consumers can shop a full basket of products from our dispensary, personal care and beauty, healthcare and nutrition, baby care and other categories.
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Contraction in economy looms in the first quarter
17/05/2019 - 09:16
Weak performances in the retail, mining and manufacturing sectors, which bore the brunt of the most severe power cuts the country has experienced yet, indicates that the economy contracted in the first quarter of the year.
Richemont lifts dividend 5% as online platforms boost sales
17/05/2019 - 08:52
Richemont chair John Rupert says group sales rose 27%, 'reflecting growth across all business areas and distribution channels.'
Taking stock of fashion's $210bn inventory problem
16/05/2019 - 11:08
Fashion retailers are faced with a dilemma: to keep up with the demands of 'fast fashion' they need rapid stock turnover. But what do they do with the surplus?
Retail sector barely budged in March
16/05/2019 - 09:54
Consumers were under pressure in March with a 74c/l hike in the petrol price and slightly higher inflation.
Dischem's employee strike costs it more than 75m
16/05/2019 - 08:31
Dis-Chem Pharmacies says a strike by employees that lasted nearly five months shaved up to R76.4m off its profits in the year to end-February.
Sorbet chain boosts Brian Joffe's Long4Life in year to February
15/05/2019 - 15:08
Brian Joffe’s Long4Life says its Sorbet beauty and grooming business boosted profits in the year to end-February as the chain’s salons for male customers gained traction.
Spar lifts dividend after 'strong' interim performance
15/05/2019 - 08:53
Spar Group has hiked its half-year payout to shareholders by 5.2% on the back of “a strong performance” in the six months to end-March.
Against all odds: how a Shoprite supported small food garden feeds a whole community
14/05/2019 - 14:32
Started by five local women from the Tumahole township on the outskirts of Parys in the Free State, Phahamang Basadi food garden has been providing fresh and affordable vegetables to the community since 2017.
Pepkor says half-year earnings rose up to 54.1%
14/05/2019 - 08:48
Pepkor, previously Steinhoff Africa Retail, said that its half-year earnings rose by up to 54.1%.
Steinhoff report reveals maelstrom of conflicts of interest
13/05/2019 - 11:30
Steinhoff International was for many years run by a board of tight-knit people, many of whom had done business together for decades. Just how close they were became apparent with the release of Steinhoff’s 2017 annual report which identified a plethora of related-party transactions that the company now says weren’t properly disclosed according to best corporate governance practice.