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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.

Nike to slash jobs, cut sneaker styles in shakeup
20/06/2017 - 10:22
Nike wants to be more nimble on its feet. The sneaker maker said that it plans to sell more shoes directly to customers online as part of a restructuring in which it plans to cut about 1 400 jobs.

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.

Amazon retains crown for most valuable retail brand
14/06/2017 - 15:56
Amazon has kept its title as the world’s most valuable retail brand, with an estimated value of $139.3 billion (£109.38 billion).

Walmart tests grocery ATM
09/06/2017 - 13:00
Walmart is testing a new way to appease online grocery shoppers that prefer self-service. The retail giant has rolled out an automated kiosk in Oklahoma City that allows shoppers to pick up groceries any day or time.