Advertise with fastmoving.co.za
 
 

BUSINESS NEWS ON FASTMOVING

Subscribe to business

Sales at Truworths Africa outperform its UK business

Sales at Truworths Africa outperform its UK business

12/11/2019 - 13:24
Truworths, which was forced to write down its UK business by a third recently, said that retail sales in that country were flat in the 18 weeks to November 4, although its African operations performed better. read more
How to keep customers and make sales this Black Friday

How to keep customers and make sales this Black Friday

11/11/2019 - 12:44
Five years ago, Black Friday and Cyber Monday didn’t even exist in South Africa. Today, they’re a major cash cow for local retailers. On Black Friday last year, consumers spent a record R2.9 billion, and that number is expected to jump 30% this year, with e-commerce playing a major part in that growth. read more
Walgreens' Sefano Passina's $70bn global ambition

Walgreens' Sefano Passina's $70bn global ambition

11/11/2019 - 10:07
Any deal would be impossible without the backing of the Italian billionaire who owns 16% of the group and has China in his sights. read more
Tiger Brands considers disposing of value-added meat business

Tiger Brands considers disposing of value-added meat business

11/11/2019 - 09:22
SA’s largest food producer, Tiger Brands, is considering disposing of its value-added meat products business (Vamp), saying on Friday it had determined it was not an ideal fit in the business.  read more
Shoprite shock: Lead director resigns suddenly - just days after Wiese's re-election

Shoprite shock: Lead director resigns suddenly - just days after Wiese's re-election

07/11/2019 - 10:10
Just days after indicating that the Shoprite board will discuss the future of Christo Wiese as chair of the company in the coming months, Prof Shirley Zinn, the lead independent director of Shoprite, resigned. read more
How small businesses can take advantage of Black Friday

How small businesses can take advantage of Black Friday

06/11/2019 - 10:01
Small businesses can take advantage of Black Friday by winning customers and keep them coming back for more according to the Vice President of New Customer Acquisition, Viresh Harduth.  read more
Huawei upbeat about smartphone sales despite US bans

Huawei upbeat about smartphone sales despite US bans

06/11/2019 - 09:34
Huawei expects smartphone shipments to grow 20% in 2020 even if it is blocked from the latest Google software, suggesting the Trump administration’s efforts to contain the company’s rise may not be working. read more
Kraft Heinz reined in costs and increased prices — and it worked

Kraft Heinz reined in costs and increased prices — and it worked

05/11/2019 - 11:28
Kraft Heinz beat analyst expectations for third-quarter profit on Thursday as the packaged food company reined in costs and increased prices in the face of slowing demand for some of its key brands. read more
Direct selling punches above its weight in a tough economy

Direct selling punches above its weight in a tough economy

05/11/2019 - 10:27
The direct selling industry in SA, which comprises 31 companies, has seen a 5% decline in growth as cash-strapped consumers tighten their belts. read more
Shoprite shares in dramatic U-turn after update

Shoprite shares in dramatic U-turn after update

05/11/2019 - 09:04
Shoprite’s share price jumped by 6% in opening trading on Monday after the group reported turnover growth of more than 7% in the three months to September. But by later afternoon, its share price was down almost a percent. read more
Dis-Chem warns of sharp decline in interim earnings

Dis-Chem warns of sharp decline in interim earnings

04/11/2019 - 09:50
Discount pharmaceutical retailer Dis-Chem expects a drop in half-year earnings due to one-off costs such as a change in bonus policy and a strike by employees. read more
Shoprite investor seeks to curb Wiese power with director

Shoprite investor seeks to curb Wiese power with director

04/11/2019 - 08:49
A Shoprite Holdings Ltd. shareholder nominated a veteran retail executive to the board of Africa’s biggest grocer in an attempt to reduce the influence of Chairman Christo Wiese -- part of a wider investor pushback against the former billionaire. read more
Starbucks South Africa sold for R7m

Starbucks South Africa sold for R7m

01/11/2019 - 10:03
Taste Holdings announced that it is selling its Starbucks franchise business in South Africa for R7m. read more
Unemployment hits highest level in more than 11 years

Unemployment hits highest level in more than 11 years

30/10/2019 - 11:38
South Africa's unemployment rate has worsened to 29.1%, the highest level in more than 11 years. read more
Tesco to power stores with roof-mounted solar panels and wind farms

Tesco to power stores with roof-mounted solar panels and wind farms

30/10/2019 - 08:50
Tesco has signed up for a project that will see it source green electricity directly from wind farms, solar farms and solar panels on its own stores. read more
Evolving shopping landscape echoes the anxieties of our age

Evolving shopping landscape echoes the anxieties of our age

29/10/2019 - 10:48
People have less disposable income. Self-learning robots and algorithms are taking over menial jobs once held by a human being. Large informal business sectors across Africa are giving malls a run for their money. These are, indeed, anxious times for the shopping centre industry. Its greatest purpose today is to figure out how to evolve to these dynamic changes. read more
Consumer watchdog laments understaffing as it tackles Ford, unsafe meat, timeshare cases

Consumer watchdog laments understaffing as it tackles Ford, unsafe meat, timeshare cases

25/10/2019 - 11:50
As far as it is able, the National Consumer Commission will try to make sure suppliers of unsafe goods are fined and losses to consumers are recovered - despite being understaffed by some 50%, members of Parliament heard. read more
A new SA cloud market emerging

A new SA cloud market emerging

25/10/2019 - 10:53
Thanks to the arrival of Microsoft Azure data centres in South Africa, it is expected that more born-in-the-cloud organisations will start taking root here. And with smaller companies now finding it easier to migrate to an online environment, these are exciting times for solutions providers. read more
To spend or not to spend, that is the brand question

To spend or not to spend, that is the brand question

24/10/2019 - 14:54
During a downturn brands should reinforce the attributes that make them appealing and differentiated in the eyes of existing customers. read more
Clicks eyes further market share amid double-digit sales growth

Clicks eyes further market share amid double-digit sales growth

24/10/2019 - 10:00
Medicine and beauty products retailer Clicks said it was successfully weathering an increasingly tough environment for consumers and would spend R718m on its stores over the next financial year in order to pursue additional market share. read more
Pick n Pay is now offering insurance

Pick n Pay is now offering insurance

24/10/2019 - 08:46
Despite a difficult trading environment, the group said that trading profit in its core South African business was up 16.4%, with trading profit margin up from 2.5% to 2.8% of turnover. read more
Why SA retailers continue to build brick-and-mortar stores

Why SA retailers continue to build brick-and-mortar stores

23/10/2019 - 11:42
Advisory firm Accenture suggests that traditional retailers in South Africa are putting most of their efforts into their core brick-and-mortar stores as they find online operations expensive to maintain and often unprofitable.  read more
A water continuity strategy in Africa is critical to economic success

A water continuity strategy in Africa is critical to economic success

22/10/2019 - 13:48
The world’s sources of water supply are under immense stress and the impact of water shortages is debilitating cities, organisations, and communities every day. It is estimated by 2025, no fewer than 25 of the 48 countries that are expected to be facing water shortages will be African. According to Mannie Jnr. Ramos, CCO of Abeco Tanks, the world’s first bank for water, “This means that around 230 Million Africans will be living in water-scarce areas, with another 460 Million in water-stressed areas.” read more
How your company culture directly impacts your bottom line

How your company culture directly impacts your bottom line

22/10/2019 - 13:33
Company culture plays a vital role in the overall performance of a business. It can directly affect a company’s bottom line as employees respond to negative environments differently. If they’re not seeking new opportunities, they’re despondent and delivering low quality work.  read more
Providing full visibility and insight for an improved CX journey

Providing full visibility and insight for an improved CX journey

22/10/2019 - 11:13
Although South Africa has just avoided a recession, the outlook for the economy is less optimistic. With subdued investment levels and consumer spending being curbed, there is no doubt that local businesses face an uphill battle. Notably, the latest Absa Purchasing Manager's Index (PMI) data shows weaker levels of private sector activity and a pessimistic outlook on future business conditions.  read more
Coty explores sale of professional beauty unit

Coty explores sale of professional beauty unit

22/10/2019 - 10:40
Coty, under pressure to turn its business around, is considering a sale of its professional hair and nail products unit that includes the brands Wella, Clairol, and OPI. The shares surged the most in more than five months. read more
Double-digit profit growth for Pick n Pay as turnaround plan pays off

Double-digit profit growth for Pick n Pay as turnaround plan pays off

22/10/2019 - 09:12
Pick n Pay has continued to reap the benefits of its turnaround strategy, positing double-digit profit growth in the six months to end-September after an intensive focus on supply costs. read more
Protecting retail investments with Uninterrupted Power Supply

Protecting retail investments with Uninterrupted Power Supply

22/10/2019 - 08:47
With the increasing dominance of retail chains, small and medium-sized retail businesses are struggling to stay competitive. To protect investments and remain in business, they have to consider all costs and thoroughly assess possible risks and related losses. For example, while it is common to forecast losses due to food spoilage, assessing problems caused by electricity failure is more complicated. read more
The tug-of-war between physical and digital shopping

The tug-of-war between physical and digital shopping

21/10/2019 - 10:59
In March of 2019, Soumen Ghosh, a visiting US professor of operations and supply chain management, delivered one of the business world’s more earth-shattering lectures on disruptive technologies at the Gordon Institute of Business Science in Johannesburg. read more
Local entrepreneur turns her small business into a food garden

Local entrepreneur turns her small business into a food garden

21/10/2019 - 10:11
After getting married in 1996, Esther Masekoameng (60) moved from Phalaborwa to Mathibaskraal in Limpopo, but she was shocked by the level of poverty in her new hometown.  read more
SA retailers likely to lose out if they avoid e-commerce

SA retailers likely to lose out if they avoid e-commerce

21/10/2019 - 08:14
Traditional retail businesses in SA could stand to lose out on the value of e-commerce due to their reluctance to embrace online business, according to a report by global management consultancy Accenture. read more
SA "Black Friday" sales expected to rise 30% year-on-year

SA "Black Friday" sales expected to rise 30% year-on-year

18/10/2019 - 12:50
South African businesses have begun preparing for what looks to be another bumper Black Friday trading day, with sales predicted to be up 30 percent from last year, online largest payment service provider PayGate said. read more
Gearing for growth with online reviews

Gearing for growth with online reviews

18/10/2019 - 09:17
Improving online review ratings is a strategic necessity for franchises and multi-location brands as more customers engage with them via online listings – and expect a response.  read more
Diageo opens £6.4m innovation and research centre in Scotland

Diageo opens £6.4m innovation and research centre in Scotland

16/10/2019 - 12:37
Diageo has inaugurated a new Innovation and Research Centre in Scotland as part of its investment in the sustainable growth of the distilling industry. read more
Pioneer shareholders give nod to PepsiCo deal

Pioneer shareholders give nod to PepsiCo deal

16/10/2019 - 08:25
Shareholders of Pioneer Foods, the owner of brands such as Sasko bread and Ceres juices, have voted almost unanimously in favour of delisting the company, after a $1.7bn bid by PepsiCo. read more
Data management in a digital world

Data management in a digital world

15/10/2019 - 14:02
Data management plans (DMPs) are evolving as the technology that enables organisations to better analyse their data become more powerful and innovative. But what impact does this have on operations and the efficiency of managing the complexities of data in a changing regulatory environment? read more
How to attract and retain the best employees

How to attract and retain the best employees

14/10/2019 - 11:15
Finding the right employee can be a time-consuming process – especially when you’re looking to hire the best candidate for the job. But there are simple steps one can take to find employees who are best suited for your culture and the future success of your business.  read more
Securing your brand is a C-suite challenge

Securing your brand is a C-suite challenge

11/10/2019 - 14:37
Brand value is a key component of a company’s success and it takes several years to establish by implementing a brand strategy that supports the business. However, in today’s digital environment, brand value can be compromised in a matter of minutes and negatively affect the brand and company. As such, brand security is an issue that needs constant attention to minimise possible reputational damage to the brand and the associated risk of losing customers.  read more
Understanding workforce management in security

Understanding workforce management in security

10/10/2019 - 15:08
In an increasingly connected business environment, decision-makers need to more effectively leverage the human resources they have at their disposal. According to dormakaba South Africa, this is where a good workforce management system that can manage personnel as a strategic asset becomes imperative. read more
Temporary employment services offer a dynamic staffing solution to help the retail sector cater for the seasonal peak

Temporary employment services offer a dynamic staffing solution to help the retail sector cater for the seasonal peak

10/10/2019 - 14:56
As we head into the final stretch of the year it is time to start gearing up for the added demands of the summer season. From factories and warehouses to retail outlets, the entire retail chain is under added pressure during this seasonal time of high demand. Temporary employment services (TES) can help all areas of the retail sector to cater to this peak with additional and flexi staff exactly when and where they are needed, with the right skills for the job, and none of the administrative headache of hiring permanent or contract staff.  read more
Business sentiment takes a turn for the better in September

Business sentiment takes a turn for the better in September

09/10/2019 - 15:34
Business sentiment, as measured by the SA Chamber of Commerce and Industry (Sacci) business confidence index, took a positive turn in September. read more
Game announces brand refresh and new positioning

Game announces brand refresh and new positioning

09/10/2019 - 10:47
Game has unveiled its reinvigorated brand and new positioning, including a new pay-off line, You’ve Got Game. The refresh aims to reconnect customers with this iconic home-grown brand in a highly engaging and relatable way, while more accurately reflecting the business as it is today – says Katherine Madley, brand and customer director. read more
Clicks riding high on growth profits

Clicks riding high on growth profits

09/10/2019 - 09:32
Pharmaceutical health and beauty retailer Clicks rose to its highest level on the JSE after the group revised up its earlier guidance to investors, saying that it now expected double-digit growth in profits for the year to end August.  read more
Bringing marketing to the boardroom table

Bringing marketing to the boardroom table

08/10/2019 - 11:16
The Nedbank IMC 2020, in association with the Marketing Association of SA and endorsed by the IAB, will take place on March 19, 2020, in Sandton. The big debate next year will centre on the fact that with intangible brand assets being valued at trillions of dollars globally, marketing should be sitting at the table with the grown-ups – but it isn’t. To get marketing to where it needs to be – at the boardroom table – marketers will need to provide concrete evidence that it boosts the bottom line. To this end, the conference theme is “Marketing Works. Work it”.  read more
Managing a multi-generational workforce

Managing a multi-generational workforce

08/10/2019 - 09:18
Each generation has different work expectations. How can organisations address this challenge effectively without compromising on its core values? Nicol Myburgh, Head of the HR Business Unit at CRS Technologies, believes that while a standardised approach is ill-advised, there are other opportunities to become more attentive to the requirements of a multi-generational workforce. read more
Ted Baker shares battered after Chief Executive flags dire retail climate

Ted Baker shares battered after Chief Executive flags dire retail climate

03/10/2019 - 15:00
Shares in Ted Baker shed more than a third of their value on Thursday, after the British fashion retailer’s second profit warning in four months on the back of what new boss Lindsay Page called the worst business conditions in decades. read more
Unlocking the holy grail on Consumer data: data, transparency and value

Unlocking the holy grail on Consumer data: data, transparency and value

03/10/2019 - 11:17
Consumer data has become a sought-after asset for every kind of business, from financial services to FMCG. For a long time, retailers have been investing millions (and millions) of Rands trying to understand their consumer’s spending habits. All retailers want to be consumer-centric, to create behavioural change in a consumer’s life cycle and to maximise business-efficiency at every point in the value chain. We all want that. read more
How online reviews are shaping buyer decision-making

How online reviews are shaping buyer decision-making

03/10/2019 - 10:38
An effective strategy for responding to online reviews is good for business and can help companies enhance their reputation and improve operations. read more
De Beers diamond sales fall 39% in a year

De Beers diamond sales fall 39% in a year

03/10/2019 - 09:28
De Beers’s diamond buyers continued to take the rare opportunity to reject stones from the biggest supplier as the company extended almost unprecedented flexibility to ease a growing crisis. read more
Big business urges reforms to help SA economy

Big business urges reforms to help SA economy

02/10/2019 - 13:17
Big business has called on President Cyril Ramaphosa to act urgently and implement short- and medium-term reforms and prioritise growth-enhancing policies to kickstart the economy. read more
Bidcorp to sell UK food logistics business to Tesco

Bidcorp to sell UK food logistics business to Tesco

02/10/2019 - 10:37
Food services firm Bidcorp has agreed to sell its UK logistics business Best Foods to a subsidiary of Tesco, for an undisclosed amount. read more
Four tips for optimising agile marketing

Four tips for optimising agile marketing

02/10/2019 - 10:01
The original business concept of “agility” stems from the 2001 Manifesto for Agile Software Development, put together by 17 software developers at a meeting at Utah in the USA. The need for an agile manifesto was aimed at the Silicon Valley start-up world, envisaging a less micro-managed world in order to action changes faster. It resulted in different Agile software methodologies evolving, many of which have now been adapted and embraced by industries outside of the IT world.  read more
Stock weakness hits most of SA's listed retailers hard

Stock weakness hits most of SA's listed retailers hard

02/10/2019 - 08:23
South Africa's lacklustre economy, coupled with high unemployment, low business, and consumer confidence, is curbing household spending and wiping off billions in value for some of the country's listed retailers. read more
Brands need zeitgeist of compassion

Brands need zeitgeist of compassion

01/10/2019 - 13:03
Brands are seen to have an ever-greater responsibility to bring a degree of stability to what has become a sharply polarised world, and that sentiment is more prevalent in SA than in any other market. read more
Shortlisted finalists for the 2019 Financial Mail AdFocus Awards announced

Shortlisted finalists for the 2019 Financial Mail AdFocus Awards announced

01/10/2019 - 11:32
The shortlisted finalists for the 2019 Financial Mail AdFocus Awards have been announced. read more
Woolworths CEO receives R190m since disastrous deal Down Under

Woolworths CEO receives R190m since disastrous deal Down Under

01/10/2019 - 09:22
Despite spearheading an ill-fated foray into Australia, Woolworths CEO Ian Moir pocketed R23m in the past year. This brings his total earnings over the past five years to R191m.  read more
Forever 21 to close almost 180 outlets in the US

Forever 21 to close almost 180 outlets in the US

01/10/2019 - 08:55
Fashion retailer Forever 21 filed for bankruptcy last week, as it joined a growing list of brick-and-mortar players who have succumbed to the onslaught of e-commerce companies such as Amazon.com. read more
Working towards better data management

Working towards better data management

24/09/2019 - 13:13
Big data is seeing organisations becoming more mindful of aligning their data management practices with newer paradigms such as data lakes, elastic and cluster computing, and real-time data. As such, the cloud provides an environment capable of managing the volume and scale required to do so. read more
How to attract and retain the best employees

How to attract and retain the best employees

24/09/2019 - 12:54
Finding the right employee can be a time-consuming process – especially when you’re looking to hire the best candidate for the job. But there are simple steps one can take to find employees who are best suited for your culture and the future success of your business.  read more
AB InBev to float Asian business in 2019’s second biggest IPO

AB InBev to float Asian business in 2019’s second biggest IPO

22/09/2019 - 10:14
AB InBev will kick off a second attempt to spin off its Asian business in Hong Kong with the launch of an initial public offering (IPO) worth up to $6.6bn that could be the world’s second-largest flotation in 2019. read more
Samsung and KOO win big at the 21st Sunday Times Top Brands Awards

Samsung and KOO win big at the 21st Sunday Times Top Brands Awards

20/09/2019 - 15:12
Samsung and KOO have been announced as South Africa’s Overall Favourite Brands, winning the Grand Prix Awards in the respective Business and Consumer sectors of the 21st Sunday Times Top Brands Survey.  read more
Embracing workforce transformation in a digital world

Embracing workforce transformation in a digital world

20/09/2019 - 13:53
Workforce transformation affects all aspects of business and companies must plan for the impact it is having and will continue to have on operations. Nicol Myburgh, Head of the HR Business Unit at CRS Technologies, says the evolving business landscape means companies must start thinking now about the skills they need for the future. read more
Digital marketing: multi-touch attribution

Digital marketing: multi-touch attribution

19/09/2019 - 13:43
The effective tracking of digital marketing campaigns is not as easy as initially thought. One question that often pops up is: at what point did consumer conversion take place? During a campaign, it’s difficult to attribute this correctly, especially with multiple touchpoints such as display and native advertising, sponsored social posts, video ads on mobile or paid-for search results all running consecutively. read more
Working towards better data management

Working towards better data management

17/09/2019 - 11:31
Big data is seeing organisations becoming more mindful of aligning their data management practices with newer paradigms such as data lakes, elastic and cluster computing, and real-time data. As such, the cloud provides an environment capable of managing the volume and scale required to do so. read more
Clover, Milco merger puts 657 jobs on the line

Clover, Milco merger puts 657 jobs on the line

17/09/2019 - 10:05
A total of 657 existing jobs will be on the line at Clover Industries in the next two years if the R4.8 billion merger between the JSE-listed dairy company and Israel-based Milco is approved by the Competition Tribunal.  read more
The changing UX and CX landscape

The changing UX and CX landscape

13/09/2019 - 16:16
An exceptional customer experience (CX) builds a foundation of loyalty and trust. Similarly, a positive user experience (UX) encourages brand connections with people wanting to come back for more. And yet, local organisations must learn to embrace these more effectively to differentiate themselves from their competitors. read more
The role of the stokvel in the organisation

The role of the stokvel in the organisation

13/09/2019 - 10:14
South Africans are well-known for their participation in stokvel saving schemes where members contribute a fixed monthly amount that is paid out to a specific member on a specified date. Nicol Myburgh, Head of the HR Business Unit at CRS Technologies, says employers can integrate these payments into existing processes to make it safer and more convenient for those members.  read more
Improving your restaurant's ambience with these 5 tips

Improving your restaurant's ambience with these 5 tips

13/09/2019 - 09:44
Owning a restaurant is much more than ensuring that your guests are well-fed. It is about the experience you offer your customers. For instance, have you ever been to a restaurant where everything is just right? And by everything, we mean the decor, lighting, food, and music. This is the first impression you should aim to achieve as a restaurant owner.  read more
Footgear gets go-ahead to buy Edcon's footwear brands

Footgear gets go-ahead to buy Edcon's footwear brands

13/09/2019 - 09:24
Footgear, the South African retailer of branded and non-branded footwear, on Thursday received the green light to purchase the assets and business associated with Edcon Limited’s Edgars Active and High Key brands. read more
Make your contact centre your epicentre for e-commerce

Make your contact centre your epicentre for e-commerce

12/09/2019 - 11:47
Many companies realize the opportunity to develop and leverage their e-commerce prospects, but in fact, there is an even greater opportunity to make the contact centre the ‘central command’ behind e-commerce and bring this revenue-building stream into the customer experience line of fire. read more
British American tobacco to cut more than 2000 jobs

British American tobacco to cut more than 2000 jobs

12/09/2019 - 10:28
British American Tobacco plans to cut 2 300 jobs around the world, the company announced. read more
Online shopping business to shake up retail sector

Online shopping business to shake up retail sector

12/09/2019 - 09:40
Allsale Club is a members-only online shopping business that aims to save consumers money on everything from everyday branded items to luxury items.  read more
Alibaba set for new era as flamboyant Jack Ma departs

Alibaba set for new era as flamboyant Jack Ma departs

11/09/2019 - 09:33
Alibaba chair Jack Ma has stepped down from the Chinese group, leaving his handpicked successor a daunting task of steering the $460bn juggernaut at a time when the market for its core e-commerce business has slowed sharply. read more
Business models for the digital age

Business models for the digital age

11/09/2019 - 08:25
Gearing up for digital transformation is daunting for any business owner. Taking a business model that has proven to be successful and moving it into the online space involves challenging the status quo, questioning assumptions, and taking an honest look at what works and what doesn’t if a business wants to maintain its competitive edge.  read more
Massmart partners with Walmart’s global sourcing team to help local suppliers export to Walmart markets

Massmart partners with Walmart’s global sourcing team to help local suppliers export to Walmart markets

10/09/2019 - 09:28
Representatives from Walmart’s Global Sourcing team are in Johannesburg to meet with 18 of Massmart’s South African suppliers who are interested in exploring opportunities to export their products to Walmart markets. read more
How to introduce a customer-centred business strategy

How to introduce a customer-centred business strategy

09/09/2019 - 10:14
Introducing a customer-centred business strategy is not an overnight process. First and foremost, it’s one that requires buy-in from the C-suite with specific, focused and action-orientated objectives put in place. In addition, the value and relevance of the project need to be clearly outlined and communicated to stakeholders to encourage their support at the “launch” thereof and throughout the process of change. read more
AVI earnings slip as consumer spending remains constrained

AVI earnings slip as consumer spending remains constrained

09/09/2019 - 09:33
Consumer goods group AVI, whose brands include footwear retailer Spitz and Five Roses tea, trimmed its final dividend 4% in the year to end-June as it continued to feel the pinch from a constrained consumer environment. read more
Shopping centres need to adopt an integrated holistic and fluid strategy to drive performance - Clur report

Shopping centres need to adopt an integrated holistic and fluid strategy to drive performance - Clur report

05/09/2019 - 10:36
Shifting local and international approaches to lifestyle, health, wellness, environment, work, and community living are increasingly dictating the need for Southern African shopping centres to adopt an integrated holistic and fluid strategy to drive performance.  read more
Libstar aims to up its exports

Libstar aims to up its exports

05/09/2019 - 08:47
Libstar wants to increase contribution from its exports to as much as 20% in a move that will mitigate the subdued consumer spending and weak retail environment.  read more
Zara denies its Hong Kong stores were closed due to protests

Zara denies its Hong Kong stores were closed due to protests

04/09/2019 - 09:37
Fast-fashion company Zara says store closures in Hong Kong were not related to anti-Beijing protests in the city, after speculation on Chinese social media that the retailer’s employees were supporting the demonstrators. read more
SA beekeepers are declining despite robust honey demand

SA beekeepers are declining despite robust honey demand

03/09/2019 - 10:10
The number of professional beekeepers is declining as many of them are going out of business voluntarily or due to the drought, according to Professor Martin Villet from Rhodes University’s Department of Zoology and Entomology.  read more
RCL Foods swings into a loss as sugar tax bites

RCL Foods swings into a loss as sugar tax bites

02/09/2019 - 12:44
RCL Foods, which owns Rainbow Chicken and Selati Sugar, said that difficulties in its sugar and chicken business contributed to shaving off R1bn in profits in the year to end-June. read more
Customer loyalty – It’s a dog’s life

Customer loyalty – It’s a dog’s life

02/09/2019 - 11:05
Acquiring today’s customer is a lot like getting a dog. They provide an endless amount of value and the feel-good sense of confidence that you’re doing a good job. read more
Steinhoff revenue up 4% despite ongoing challenges

Steinhoff revenue up 4% despite ongoing challenges

30/08/2019 - 07:56
International retailer Steinhoff said on Thursday it had continued to grow overall revenue despite the ongoing challenges facing the group, with net sales from continuing operations in the nine-month period to June 30 increasing by four percent to €10.113 billion. read more
Makro and Game’s owner suffers big loss as shoppers opt for cut-price goods

Makro and Game’s owner suffers big loss as shoppers opt for cut-price goods

29/08/2019 - 09:20
Walmart-controlled Massmart, owner of Makro, Game, Builders Warehouse and Dion Wired, has suffered a headline loss of R550 million for the six months to end-June – after earning a profit of more than R200 million in the same period last year. read more
Distell says rest of Africa offset lower volumes in SA

Distell says rest of Africa offset lower volumes in SA

28/08/2019 - 09:23
Alcoholic drinks company Distell, whose brands include Nederburg wines and Klipdrift brandies, says its rest-of-Africa business made up for lower sales volumes in SA in the year to end-June. read more
Twelve new categories included in the 21st Sunday Times Top Brands Survey

Twelve new categories included in the 21st Sunday Times Top Brands Survey

28/08/2019 - 09:15
Now in its 21st year, the annual Sunday Times Top Brands Survey has expanded with the addition of 12 new categories across both the Business and Consumer sections of the survey. The survey, conducted by research firm Kantar on behalf of the Sunday Times, is considered the leading barometer of consumer sentiment towards brands in South Africa. read more
Can AI solve the killer question?

Can AI solve the killer question?

27/08/2019 - 15:37
Artificial intelligence (AI) may be super clever but, asks Regenesys Business School chair Marko Saravanja, does it have judgment? If, in an emergency, a self-driving car is going to hit either an elderly couple or a young woman with a baby, which of them does it aim at? read more
Retail stocks: Look out for the potholes and opportunities

Retail stocks: Look out for the potholes and opportunities

26/08/2019 - 16:22
Retailers and wholesalers on the JSE have been clobbered since their respective 2018 financial results. read more
Customer led digital innovation strategies for sustainable growth

Customer led digital innovation strategies for sustainable growth

26/08/2019 - 15:24
Global economies are under pressure and leaders are constantly on the search for ways to improve customer experience, innovation, and growth. read more
Factors to consider when choosing a group benefits plan for startup business

Factors to consider when choosing a group benefits plan for startup business

26/08/2019 - 08:35
For a startup owner, having perks for your employees will benefit your business. Although you might be on a shoestring budget, employees are more likely to stay where they feel appreciated. So, why not consider a group benefits plan for your employees.  read more
Italtile plans to open more store despite weak trading conditions

Italtile plans to open more store despite weak trading conditions

23/08/2019 - 14:56
JSE-listed supplier of ceramic tiles Italtile said it planned to open more stores in South Africa and abroad, despite the subdued economy, which has constrained consumer spending. read more
Australian retailer Coles reports jump in online sales

Australian retailer Coles reports jump in online sales

23/08/2019 - 10:31
Australian retailer Coles Group reported a jump in online sales and a special dividend that cheered investors, sending its shares near their biggest one-day gain in two months.  read more
Franchises reap the rewards of tech-enabled local marketing strategies

Franchises reap the rewards of tech-enabled local marketing strategies

22/08/2019 - 11:26
One of the great challenges facing franchise businesses is to maintain their group brand identity while enabling Local Marketing Strategies at branch level. Those that do, grow at a rate of about three times than that of their competitors. read more
Shoprite earnings take knock on non-SA operations

Shoprite earnings take knock on non-SA operations

20/08/2019 - 10:39
Shoprite’s shares fell to their worst level in more than three years after Africa’s largest food retailer reported a 20% drop in earnings and said it saw no immediate prospects of its troublesome non-SA operations returning to profitability. read more
Truworths reports steady performance

Truworths reports steady performance

20/08/2019 - 10:04
Truworths International reported lower earnings for the year to June 2019 as Truworths posted a steady performance in the weak domestic retail market while the profitability of the Office chain was severely impacted by the depressed United Kingdom (UK) trading conditions. read more
Estee Lauder forecasts robust fiscal 2020

Estee Lauder forecasts robust fiscal 2020

20/08/2019 - 09:47
Estee Lauder forecast full-year revenue and profit above Wall Street expectations, putting to bed concerns of slowing demand in China due to trade tensions and Hong Kong protests as sales of its luxury skincare products soared, propelling its shares to a record high. read more
Why poor customer service is killing your brand (and how to fix it)

Why poor customer service is killing your brand (and how to fix it)

20/08/2019 - 09:18
South African businesses are faced with an exceedingly difficult task. They have to find ways to survive in the face of ongoing political uncertainty, fast eroding business and investor confidence, and declining consumer spend.  read more
Alibaba results beat estimates on cloud, e-commerce growth

Alibaba results beat estimates on cloud, e-commerce growth

19/08/2019 - 14:08
China’s Alibaba Group Holding Ltd reported better-than-expected quarterly revenue and profit, aided by growth in its e-commerce and cloud computing businesses. read more
#WomensMonth: The art of brewing with a woman’s touch

#WomensMonth: The art of brewing with a woman’s touch

19/08/2019 - 13:36
SAB which boasts 57% of women brewers in South Africa, believes Women’s Month provides the perfect opportunity for our country to reflect on how far we have come in changing the perception of women and beer. Since prehistoric times, the important responsibility of brewing beer was almost always undertaken by women in a community, but since the industrial revolution in the 18th Century, it has become more of a male-dominated industry. Now is the time for women to take their power back and reassume their rightful place as society’s leading brewmasters. read more