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APPARAL NEWS ON FASTMOVING

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Mr Price set to attract US investors

Mr Price set to attract US investors

03/07/2012 - 11:20
The share price of Mr Price rose to a record high yesterday after it announced the appointment of New York-based financial services company, BNY Mellon, as the depositary bank for its American depositary receipt programme. read more
Canadian grocer launches apparel line to compete with Walmart, Target

Canadian grocer launches apparel line to compete with Walmart, Target

03/04/2012 - 08:56
Loblaw's Joe Fresh, Canada's biggest grocer, opened a flagship store last week on Manhattan's Fifth Avenue, but instead of meat and produce, it's selling $29-women's dresses and $12-men's shirts, according to Bloomberg.  read more
Gap Inc. expands into Africa with first stores in South Africa

Gap Inc. expands into Africa with first stores in South Africa

20/03/2012 - 15:14
SAN FRANCISCO – March 20, 2012 – Continuing to execute on its global expansion strategy, Gap Inc. (NYSE: GPS) announced today the opening of its first free-standing stores in South Africa – the largest apparel retail market in Africa – via its franchise channel. Six months after the successful launch of the company’s first stores on the continent, these store openings mark Gap Inc.’s entry into a third country in Africa - after Egypt and Morocco – and its first in sub-Saharan Africa.  read more
Clothing, footwear sales boost retail confidence

Clothing, footwear sales boost retail confidence

16/03/2012 - 07:45
The first quarter of this year saw improved levels of confidence among retailers, as solid clothing and footwear sales growth bolstered sentiment, the latest Ernst & Young/Bureau for Economic Research survey on Thursday revealed. read more
Bytes replaces 8 000 POS units at Pick n Pay

Bytes replaces 8 000 POS units at Pick n Pay

07/03/2012 - 08:16
Bytes Managed Solutions has been awarded a contract, worth over R100 million in total, to refresh the existing point-of-sale (POS) hardware infrastructure at all Pick n Pay stores over a two-year period. read more
Edcon mulls debt, JSE listing

Edcon mulls debt, JSE listing

02/03/2012 - 09:23
SA’s biggest clothes retailer, Edcon, may return to the JSE as early as next year as the company seeks to repay debt owed to bondholders by 2014. read more
Retail sales grew 5.97% in 3Q 2011

Retail sales grew 5.97% in 3Q 2011

02/03/2012 - 09:21
Nominal retail sales grew 5.97% in the third quarter of 2011, compared on a year-on-year basis. This is the word from property management group Broll , based on its quarterly Retail Barometer. read more
Cotton price and labour costs weigh on H&M's profitability

Cotton price and labour costs weigh on H&M's profitability

31/01/2012 - 09:06
Hennes and Mauritz, Europe's second-largest clothing retailer, continues to struggle to counter the cost of making garments after reporting a fifth consecutive drop in quarterly profit. read more
Charming Shoppes shakes up supply chain leadership

Charming Shoppes shakes up supply chain leadership

27/01/2012 - 09:06
Charming Shoppes, a company which runs 1,929 retail stores in 48 US states, has revealed details of a shakeup of its senior procurement staff.  read more
Truworths dives on below-forecast sales

Truworths dives on below-forecast sales

19/01/2012 - 12:03
Johannesburg - Shares in Truworths International [JSE:TRU] fell more than 3% in early trade on Wednesday, after the clothing retailer released a trading update that one fund manager said fell short of estimates.  read more
Mr Price third quarter sales growth 15.9%

Mr Price third quarter sales growth 15.9%

12/01/2012 - 10:15
Mr Price Group has recorded sales growth of 15.9% for the third quarter over the comparable period in the prior year. read more
Woolies continues bull run

Woolies continues bull run

09/12/2011 - 08:50
South Africa's Woolworths continues its bull run, jumping 2 percent to 40.84 rand. read more
Edcon sales up; expansion on the cards

Edcon sales up; expansion on the cards

01/12/2011 - 09:03
In an effort to accelerate growth, SA's biggest clothing retailer, Edcon will embark on an aggressive expansion plan, which will see trading space inch up 4% in the fiscal year ahead.  read more
China factory unrest flares as global economy slows

China factory unrest flares as global economy slows

25/11/2011 - 08:45
In factory towns across China's export powerhouse in the Pearl River Delta, a vicious cycle of slowing orders from the West and increasing wage pressures has led to a series of major strikes that could reverberate through the economy. read more
Truworths ups sales

Truworths ups sales

11/11/2011 - 08:25
Johannesburg - Retailer Truworths International [JSE:TRU] on Thursday said group retail sales for the first 19 weeks - from June 27 until November 6 2011 of the 2012 financial period - rose by 9.3% to R 3.0bn, relative to the corresponding period in the 2011 financial period. read more
Marks & Spencer Falls Out of Fashion With Britain’s Big Spenders

Marks & Spencer Falls Out of Fashion With Britain’s Big Spenders

27/10/2011 - 10:06
British grandmothers may still be buying underwear and sweaters at Marks & Spencer Group Plc. Their daughters are spending their money elsewhere.  read more