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Retail News
Up one levelPick n Pay workers challenge dismissal
Sixteen Pick n Pay cashiers in Vryheid have taken the chain store to the CCMA to challenge their “unfair dismissal”.
Pick n Pay's Raymond Ackerman says goodbye
Retail colossus Raymond Ackerman bid his team an official farewell this morning, after over 40 years at the helm of supermarket group Pick n Pay.
Pick n Pay leaders win global social responsibility award
Pick n Pay’s new chairman, Gareth Ackerman, and head of transformation, Suzanne Ackerman, have been recognized by the global organization Young Presidents Association as one of the winners of the 2010 Corporate Social Responsibility Award.
Woolworths supports SA National Water Week: 15 – 19 March 2010
At least 60% of our country’s water is used in farming irrigation, and Woolworths, as a major supplier of fresh produce, has to play a role in water conservation. We are deeply committed to being part of the solution and have a long history of working with our suppliers to influence change.
Management changes at Woolworths
Johannesburg - Retail chain Woolworths Holdings has announced changes to its senior management structure.
Woolworths: Rich consumers to boost stock
Woolworths was raised to "neutral" from "underperform" at Credit Suisse Standard Securities yesterday, as spending by higher-income consumers improves.
Massmart results defy slump
Wholesale retailer Massmart delivered a robust operational performance for the 26 weeks to December 27, posting a 6.1 percent increase in sales to R24 billion, but analysts warned that a slower-than-expected recovery in consumer spending could mar profits slightly at year-end.
Massmart delivers satisfactory results in tough market conditions
Massmart, Africa’s third largest distributor of consumer goods, has demonstrated its resilience, delivering a robust operational performance for the 26 weeks ending 27 December 2009, amid the toughest market conditions the group has faced since listing in 2000.
Recession ‘a fantastic time’ for Shoprite
Shoprite Holdings, SA’s largest retailer, had a good recession. Its low-end supermarkets had strengthened their reputation for price and Checkers had established itself as an upmarket rival to Pick n Pay and Woolworths, CEO Whitey Basson said.
SA banks aid Shoprite growth
Johannesburg - Pan-African food retailer Shoprite Holdings has said its difficulties in finding trading sites elsewhere on the continent are abating, thanks to the willingness of South African banks to finance property development.
Shoprite lifts first-half profit, cautious on outlook
Shoprite, Africa's biggest grocer, posted a 13,3% rise in first-half profit as recession-hit consumers flocked to its discount stores.
Woolworths lifts H1 profit, sales up 9.3%
South African retailer Woolworths posted a 40 percent rise in first-half profit, bolstered partly by foreign exchange gains as consumers battling job losses and high debt levels rein in spending.
Our hands our tied by Fifa – Pick n Pay
Retail giant Pick n Pay is defending itself against criticism that it is stocking Chinese-manufactured 2010 merchandise on its shelves.
Massmart achieves Level Four BBBEE rating
The Massmart Group of companies has achieved a Level Four Broad Based Black Economic Empowerment (BBBEE) contributor status, two years earlier than planned. Massmart achieved a score of 66.14% from ratings agency Empowerdex, following a comprehensive audit of the Group’s BBBEE performance.
Spar Q1 turnover up 9.2 percent on volume growth
South African grocery chain Spar Group boosted first-quarter turnover by 9.2 percent to R8.8 billion but said on Tuesday the quarter to end-December was challenging.
