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CONSUMER SPENDING NEWS ON FASTMOVING

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UK consumers spend more to meet higher food and clothing prices

UK consumers spend more to meet higher food and clothing prices

10/10/2017 - 09:40
British shoppers increased their spending in September at the fastest pace so far in 2017, excluding an Easter-related surge in April, but much of the rise reflected higher prices for food and clothing after the Brexit vote, a survey showed.  read more
Wine sales defy shrinking grape acres

Wine sales defy shrinking grape acres

21/08/2017 - 10:52
South Africa's land under tillage for grapes is on the decline, and this has presented the country's wine industry with a challenge - how to use less land while still increasing wine volumes and sales for both the domestic and international markets. read more
Truworths feels consumer pressure

Truworths feels consumer pressure

18/08/2017 - 08:51
Truworths’ share price jumped almost 5% by the close of the JSE on Thursday despite the retailer reporting a contraction in earnings and little growth in full-year profit. read more
UK economy takes a hit as consumer spending slumps further

UK economy takes a hit as consumer spending slumps further

07/08/2017 - 12:47
UK consumers cut back on spending for a third month in July as house-price growth slowed sharply, dealing yet another blow to the economy. read more
Shoppers doing more with less amid recession

Shoppers doing more with less amid recession

17/07/2017 - 12:47
Bath foam and bath salts, along with double-ply tissues, are just some of the items that have fallen off shopping lists as consumers attempt to make their money stretch in the recession. read more
UK retail has biggest June sales rise for six years

UK retail has biggest June sales rise for six years

10/07/2017 - 10:32
British shops enjoyed their biggest rise in June sales in six years, a survey showed on Friday, helped by warm weather and weak numbers in the same month last year. read more
Retail job cuts loom as spending is squeezed

Retail job cuts loom as spending is squeezed

10/07/2017 - 09:27
As retail and consumer businesses continue to see margins freeze, industry pundits warn that job losses may be on the horizon for what were once the darling stocks of the JSE. read more
Wary consumers in no rush to spend big

Wary consumers in no rush to spend big

20/06/2017 - 12:07
The South African economy has a long history of the tertiary sector (consumption side) being a resilient pillar of growth, but this long, unbroken run was shattered with the release of the GDP figures for the first quarter of the year. The numbers showed that the sector contracted by a full 2% quarter on quarter. read more
Big decline in consumer goods industry

Big decline in consumer goods industry

14/06/2017 - 13:36
Consumer goods companies have been through the mill due to a slowdown in consumer spending, with interim earnings of 13 JSE-listed companies falling an average of 15%. read more
UK consumer spending drops for first time in four years

UK consumer spending drops for first time in four years

12/06/2017 - 10:06
London - Inflation’s hold on the UK consumer is tightening and the economy is suffering as a result.  read more
UK retailers report weak sales growth in April

UK retailers report weak sales growth in April

05/05/2017 - 14:46
British retailers reported only weak growth in sales over the Easter holidays, a survey showed on Friday, adding to signs that consumer spending is losing steam as Britain gears up for a national election next month. read more
Consumers opt for bare necessities as SA heads for recession

Consumers opt for bare necessities as SA heads for recession

13/04/2017 - 10:33
Consumers may shift their spending away from luxuries and allocate it towards essentials as economic conditions worsen, says an analyst. read more
Are consumers checking out of traditional retail?

Are consumers checking out of traditional retail?

26/01/2017 - 14:18
Poor performance over the festive season suggests shoppers are spending elsewhere. read more
Jewellery outperforms other retail sectors in July

Jewellery outperforms other retail sectors in July

16/09/2016 - 12:14
Jewellery was the best-performing sector in the retail industry when it came to year-on-year growth in July, with a 7.2 per cent uptick in sales according to new research. read more
Cheaper prices likely to spur spending

Cheaper prices likely to spur spending

10/02/2015 - 09:48
Consumer spending looks set to improve in SA this year as lower inflation, cheaper food, and fuel, and stable interest rates are likely to boost sentiment. read more
Cutting edge payment tools make online start-ups easier

Cutting edge payment tools make online start-ups easier

28/01/2015 - 09:35
Recent advances in payment gateways mean it’s becoming easier for businesses to get online shopping websites, where both store owner and customer can be assured payment and credit card details are always secure.  read more
Mixed benefits from falling fuel prices

Mixed benefits from falling fuel prices

23/01/2015 - 10:03
While lower global oil and domestic fuel prices are being seen as a saving grace for consumer spending, limited job creation and household debt will mean another year of so-so retail sales. read more
PC market faces eighth consecutive quarterly slump

PC market faces eighth consecutive quarterly slump

11/04/2014 - 09:38
Global personal computer shipments fell in the first three months of 2014, the eighth straight quarter of decline, although the industry got a boost from companies replacing aging computers, according to two market research firms on Wednesday. read more
Nigerian consumers have appetite for unique, quality products, research

Nigerian consumers have appetite for unique, quality products, research

11/04/2014 - 09:00
Consumer behaviour in Nigeria has revealed some interesting unique traits about the most lucrative market in Africa, a research by Nielsen, world’s leading market research company, has shown.  read more
Samsung smartphone sales take a knock

Samsung smartphone sales take a knock

09/04/2014 - 08:17
Samsung Electronics Co Ltd on Tuesday said it is on track to post its second straight quarter of profit decline, as slowing smartphone sales growth continued to weigh on earnings. read more
More petrol pain for consumers

More petrol pain for consumers

01/04/2014 - 08:59
The price of 95 Octane petrol is set to rise by seven cents per litre, while 93 Octanes will go up five cents a litre from next Wednesday, the energy department has said. read more
Weetabix East Africa investment to double

Weetabix East Africa investment to double

26/03/2014 - 12:17
Cereal manufacturer Weetabix East Africa plans to double its investment in the region to Sh200 million this year. Speaking during a media tour at the Weetabix plant in Nairobi, managing director Ahsan Manji said the demand of cereals has increased tremendously to 8.5 million kilograms this year from 1.5m kilograms last year. He said they have an 81 per cent control of the Kenyan market with a 99 per cent spontaneous recall rate on brand awareness. read more
Business confidence index improves

Business confidence index improves

07/03/2014 - 08:24
Johannesburg - Sacci's Business Confidence Index (BCI) improved by 1.4 index points from 90.5 in January to 91.9 in February, the SA Chamber of Commerce and Industry said on Thursday.  read more
Shoprite’s R4 million e-toll bill

Shoprite’s R4 million e-toll bill

26/02/2014 - 10:28
South African retailer Shoprite says that the direct e-toll cost for its own fleet is R4 million, which will raise the price of food for the Gauteng consumer. read more
Tesco plans to reduce exposure to Turkey

Tesco plans to reduce exposure to Turkey

26/02/2014 - 09:26
London - British retailer Tesco, under pressure to turn around declining sales in its domestic market, is considering reducing its exposure to Turkey, the Financial Times reported on Friday read more
Study: Mobile payments account for 19.5% of global transactions

Study: Mobile payments account for 19.5% of global transactions

25/02/2014 - 10:28
Amsterdam, Netherlands -- Mobile payments accounted for 19.5% of all transactions worldwide in December 2013, a growth of 55% year-over-year, up from 12.6% the previous December. The third Adyen Mobile Payments Index, covering the period September to December 2013, also shows that mobile transaction volume in retail has risen by a third, up to 23%. read more
Choppies supermarket chain leads BSE in January 2014

Choppies supermarket chain leads BSE in January 2014

24/02/2014 - 11:47
Leading Batswana retailer, Choppies Supermarket, was the best performing counter at the Botswana Stock Exchange (BSE) in January, with its share price gaining 25% in yet another milestone for the chain store.  read more
Carlsberg shares leap as strong Russian sales support earnings

Carlsberg shares leap as strong Russian sales support earnings

21/02/2014 - 08:23
Stockholm - Carlsberg reported earnings that beat analyst estimates as the fourth-biggest brewer gained market share in Russia by selling more premium beer. The stock rose the most in two years.  read more
Botswana retail set for growth says analyst

Botswana retail set for growth says analyst

18/02/2014 - 11:51
Botswana has emerged to be the best new market for global retailers in Sub-Saharan Africa; and the retail sector is expected to witness modest growth and more competition in 2014. read more
Bulawayo mall hangs in the balance

Bulawayo mall hangs in the balance

04/02/2014 - 08:57
BULAWAYO - The much-vaunted Bulawayo City Council project where popular Basch Street Terminus is supposed to be upgraded into a regional public transport hub hangs in the balance as the South African contractor, who won the tender, is yet to sign the contract. read more
Philips knocked by emerging market struggles

Philips knocked by emerging market struggles

29/01/2014 - 12:03
Philips forecast a slow start to 2014 as it grapples with currency volatility in Turkey, Argentina, Indonesia and other emerging markets and weak orders for healthcare equipment. read more
Retail shares hit by weak sales

Retail shares hit by weak sales

20/01/2014 - 11:22
Johannesburg - Shares in retailers Shoprite and Truworths fell on Friday after their latest sales figures disappointed investors, rekindling concerns about the prospects for some of Johannesburg's most expensive stocks. read more
Richemont slides on ‘precarious’ comments

Richemont slides on ‘precarious’ comments

04/12/2013 - 08:24
Cape Town - Cie. Financiere Richemont SA, the owner of the Cartier brand, fell the most in more than two months after chairman Johann Rupert said he’s very concerned that the global economy is in a precarious position. read more
 Pick n Pay’s Zimbabwean partner bullish about prospects

Pick n Pay’s Zimbabwean partner bullish about prospects

03/12/2013 - 09:35
Harare - John Moxon, the chairman of Zimbabwe’s Meikles Africa, which runs TM Supermarkets jointly with South African grocer Pick n Pay, is bullish about future prospects in the country’s retail industry, saying the company has adopted a robust expansion plan to capitalise on the expected shift for the better in consumer spending patterns.  read more
ShopperTrak: Store traffic up 2.8% on Thanksgiving and Black Friday, United States

ShopperTrak: Store traffic up 2.8% on Thanksgiving and Black Friday, United States

03/12/2013 - 09:23
Chicago -- Shoppers visited more stores and spent more money across the days of Thanksgiving Day and Black Friday (Nov. 28 and 29) than they did last year, according to ShopperTrak. read more
SA’s most-used mobile money platforms

SA’s most-used mobile money platforms

02/12/2013 - 09:10
New research finds banking group Absa’s CashSend to be the most popular mobile money system in South Africa. read more
First interest rate hike predicted

First interest rate hike predicted

22/11/2013 - 08:36
Johannesburg - The first interest rate hiking by the South African Reserve Bank (Sarb) will most likely only be in 2015, according to John Loos, FNB's household and property sector strategist. read more
No rate hike expected - poll

No rate hike expected - poll

19/11/2013 - 08:22
Johannesburg - The South African Reserve Bank (Sarb) will probably keep interest rates steady when it ends its final policy meeting of the year this week and is likely to stay on hold until at least late 2014, a Reuters poll showed on Monday. read more
Consumption forecast growth drives mall mania, Report, Gabarone

Consumption forecast growth drives mall mania, Report, Gabarone

18/11/2013 - 10:21
There is a proliferation of shopping malls in Gaborone, in the last decade, raising questions of whether locals have the spending power to sustain the malls, economically. Property developers concede that the retail property market is subdued but remains one of the most viable business propositions to date. read more
Manufacturing confidence low

Manufacturing confidence low

15/11/2013 - 08:12
Business confidence in the manufacturing sector was weak in the third quarter of this year, according to a Manufacturing Circle survey. read more
SA retail sales growth at 0.2%

SA retail sales growth at 0.2%

14/11/2013 - 11:07
Johannesburg - Retail sales grew at a sluggish 0.2% in September compared with the same month last year, after expanding by a revised 3.2% in August, Statistics South Africa said on Wednesday. read more
MTN Mobile Money tags on Visa

MTN Mobile Money tags on Visa

13/11/2013 - 14:17
A new deal between MTN and Visa will enable MTN Mobile Money users to make face-to-face and online transactions wherever Visa is accepted.  read more
ICSC: Consumers starting holiday shopping early, United States

ICSC: Consumers starting holiday shopping early, United States

12/11/2013 - 09:38
New York -- Procrastinating is out this year when it comes to holiday shopping, with most consumers (62%) planning to finish their gift buying on or before Dec. 16, according to a survey by the International Council of Shopping Centers. read more
Truworths slides most in four years

Truworths slides most in four years

11/11/2013 - 09:16
Johannesburg - Truworths International Ltd., South Africa’s largest listed clothing retailer, fell the most in more than four years as inflation curbed consumer spending and slowed its sales growth. read more
Strong cash sales and accelerated Africa expansion for TFG

Strong cash sales and accelerated Africa expansion for TFG

08/11/2013 - 14:03
Retail group TFG (The Foschini Group) has increased total retail sales by 9% to R6.7-billion with sales in the rest of Africa growing 25% in the six months to the end of September 2013. Cash sales in this period grew by 12.7%.  read more
October inflation down to 6.9 %, Zambia

October inflation down to 6.9 %, Zambia

08/11/2013 - 09:44
The annual rate of inflation for the month of October 2013 has reduced to 6.9% compared to 7.0% recorded in September 2013.  read more
Clicks climbs after annual results

Clicks climbs after annual results

25/10/2013 - 11:12
Johannesburg - South African beauty and pharmaceutical retailer, Clicks, has said trading over the Christmas holiday season is critical to its fiscal 2014 performance as consumer spending remains weak read more
China’s consumer inflation rises

China’s consumer inflation rises

21/10/2013 - 10:58
hina's consumer price index (CPI), a key measure of inflation, climbed to 3.1 percent year-on-year in September, the government has said.  read more
SA’s GDP growth likely to stay at 2.0%

SA’s GDP growth likely to stay at 2.0%

18/10/2013 - 09:14
Johannesburg - The softer global economy and weak domestic business and household confidence are expected to keep South African GDP growth at 2.0% this year with a marginal pick-up to 2.8% in 2014. read more
Sainsbury’s plans ‘dark store’ UK

Sainsbury’s plans ‘dark store’ UK

15/10/2013 - 11:14
London - J Sainsbury, Britain's No. 3 supermarket, plans to open its first distribution centre dedicated to online grocery orders in response to rapidly increasing demand in south-east England. read more
Jozini Mall en-route to Mozambique, opening 24 October 2013

Jozini Mall en-route to Mozambique, opening 24 October 2013

08/10/2013 - 15:33
Jozini Mall, the new 18,220 square metre community shopping centre in North-Eastern KwaZulu-Natal, is now fully let and will open on Thursday, 24th October 2013. read more
 Consumers spark retailer price war

Consumers spark retailer price war

27/09/2013 - 11:46
Cape Town - With consumers buckling under rising food, fuel and electricity prices, the gloves have come off as supermarkets go to war for their share of an already tough market.  read more
SA July retail sales growth quickens to 2.8%

SA July retail sales growth quickens to 2.8%

19/09/2013 - 10:35
Johannesburg - South Africa's retail sales grew 2.8 percent year-on-year in July, far below forecasts, but higher than the revised 1.4 percent recorded in June, Statistics South Africa said on Wednesday.  read more
Consumers spend more on booze than medicine

Consumers spend more on booze than medicine

19/09/2013 - 09:31
Cape Town - South Africans spend almost four times more on alcohol and cigarettes than on medical expenses and over one and a half times more on clothes than on education, a new study has revealed. read more
JD Group cans bond plans as sales stall

JD Group cans bond plans as sales stall

16/09/2013 - 11:06
JD Group, South Africa’s largest publicly traded furniture retailer and a provider of unsecured loans, is backtracking on plans to sell more bonds this year as lending growth stalls amid flagging sales. read more
 Thrifty spending habits seen dying hard

Thrifty spending habits seen dying hard

13/09/2013 - 09:53
London/New York - Consumers are sticking to frugal shopping habits developed in the recession even as developed economies show signs of recovery, suggesting some behaviour changes could be permanent, industry executives say. read more
TFG comments on current trading conditions

TFG comments on current trading conditions

02/09/2013 - 13:57
TFG (The Foschini Group) produced its highest ever profits in the past year and continued to gain market share, despite the difficult consumer environment, Doug Murray, CEO of TFG (The Foschini Group Limited), told the 76th Annual General Meeting in Parow today (September 2).  read more
JD Group earnings fall as consumers suffer

JD Group earnings fall as consumers suffer

30/08/2013 - 08:17
Joahnnesburg - Retailer JD Group [JSE:JDG] reported a 10% drop in full-year earnings on Monday, and hiked its provision for bad loans, as debt-laden customers continue to suffer. read more
Botswana: Retail ops power Sefalana to "best ever results"

Botswana: Retail ops power Sefalana to "best ever results"

26/08/2013 - 10:22
Sefalana Holdings' retail operations swam against the tide of government spending cuts and lower consumer confidence to power the group to its "best ever" financial results, with management ebullient on the 35 percent jump in pre-tax profits to P147 million. read more
SABMiller ramps up brewing in Africa

SABMiller ramps up brewing in Africa

26/08/2013 - 08:21
In a bid to ensure it is able to harness the ongoing strong demand in Africa, SABMiller announced two major investments in the region yesterday.  read more
Furniture chains hit by credit tightening, job losses

Furniture chains hit by credit tightening, job losses

20/08/2013 - 09:47
The local furniture industry has been dealt a double blow as a slowdown in consumer spending and a tighter credit market have crippled sales growth, analysts say. read more
Consumer crunch hits SA manufacturing

Consumer crunch hits SA manufacturing

12/08/2013 - 09:27
Cape Town - There are indications of a degree of consolitation in the South African manufacturing sector, according to Coenraad Bezuidenhout, executive director of the Manufacturing Circle. read more
Latest retail data reveal furniture sector in decline as sales disappoint

Latest retail data reveal furniture sector in decline as sales disappoint

07/08/2013 - 09:08
According to recent retail data from Statistics SA, the furniture sector was the only decliner in May, suggesting that Ellerines is not the only furniture retailer in trouble. Furniture sales were down 2.5 percent that month. read more
Truworths: Profit forecast hurts share price

Truworths: Profit forecast hurts share price

29/07/2013 - 09:14
Shares of Truworths tumbled more than 7 percent yesterday after the retailer warned profit growth would miss expectations, as debt-laden customers slowed their spending.  read more
Smartphone growth soars

Smartphone growth soars

29/07/2013 - 07:48
The worldwide mobile phone market grew 6.0% year over year in the second quarter of 2013 (2Q13), while the shipment of smartphones grew 52.3% according to the International Data Corporation (IDC). read more
Cell phone subscribers top 3 million in Botswana

Cell phone subscribers top 3 million in Botswana

23/07/2013 - 10:22
Cellphone subscriptions in Botswana reached 3.08 million at the end of last year, nearly double the number recorded in 2008, with similar jumps in the uptake of various Internet services, BusinessWeek has established.  read more
Rise in retail sales seen as a quirk

Rise in retail sales seen as a quirk

19/07/2013 - 07:59
Retail sales shot up in May after April’s growth was the lowest since 2009, but analysts cautioned yesterday that the growth was not sustainable in light of the realities of strikes and sluggish gross domestic product growth. read more
Shoprite misses sales target

Shoprite misses sales target

17/07/2013 - 08:59
Johannesburg - Africa's biggest grocer Shoprite [JSE:SHP] Holdings missed estimates with a 12.1% rise in full-year sales, reflecting a slowdown in spending that sent its shares sharply down on the Johannesburg bourse on Tuesday. read more
Shopping malls turn on to social media

Shopping malls turn on to social media

15/07/2013 - 08:55
As South Africans get more connected online, shopping malls are finding their voice on social media, according to a new report. read more
South Africa’s electricity price shock

South Africa’s electricity price shock

05/07/2013 - 07:54
Electricity in South Africa is among the most expensive in the world, a new survey from NUS Consulting has shown.  read more
French consumer morale hits record low

French consumer morale hits record low

01/07/2013 - 11:38
Paris - French consumer confidence has hit an all-time low, the latest survey showed on Thursday, just as the state auditor warned that a likely economic contraction would knock the government off course on this year's deficit reduction target. read more
Petrol: Brace for horrid July

Petrol: Brace for horrid July

28/06/2013 - 11:02
Cape Town – Consumers can expect a petrol price hike of close to 90c per litre, according to a quick survey done by Fin24.  read more
CEO: UK consumers can drive tax change

CEO: UK consumers can drive tax change

26/06/2013 - 09:33
London - Britain's consumers, rather than its politicians, are more likely to bring about change in the country's taxation regime, the boss of its third-largest grocer, J Sainsbury, said on Tuesday. read more
Foschini: Group cans plan to cut RCS stake

Foschini: Group cans plan to cut RCS stake

24/06/2013 - 11:00
Foschini was not proceeding to reduce its stake in unsecured lender RCS Investment Holdings after RCS shareholders concluded that its timing to pull out was not conducive for the lender to realise its fair value.  read more
US: Deloitte Consumer Spending Index rises in May

US: Deloitte Consumer Spending Index rises in May

18/06/2013 - 08:10
New York – Improvements in real home prices, initial unemployment claims and real wages drove an increase in the Deloitte Consumer Spending Index last month.  read more
J.C. Penney debuts new home department

J.C. Penney debuts new home department

07/06/2013 - 10:51
Plano, Texas -- J.C. Penney Co. on Thursday took the wraps off its highly anticipated new home department. More than 500 stores received a complete home department revamp, with updated flooring, accent lighting, custom fixturing and a widened pathway. read more
South African city tops Africa destination list

South African city tops Africa destination list

07/06/2013 - 08:20
The 2013 MasterCard Top Global Destination Cities Index reveals that Johannesburg has taken the number one spot as Africa’s top destination. read more
Retail: New warehouse distribution property sector emerging in Africa

Retail: New warehouse distribution property sector emerging in Africa

27/05/2013 - 09:46
A new property sector is opening up in African markets as retailers growing their presence there are now in need of or building their own distribution warehouses, according to Belinda Clur, managing director of Clur Research International. read more
Mr Price shares extend gains

Mr Price shares extend gains

23/05/2013 - 15:12
Johannesburg - Mr Price Group, extended gains after full-year earnings beat estimates as sales improved at its apparel chain. read more
Carrefour strengthens business analytics with location intelligence

Carrefour strengthens business analytics with location intelligence

23/05/2013 - 15:10
REDLANDS, Calif. -- Esri announces that Carrefour Group, the second-largest retailer in the world with nearly 10,000 stores around the globe, has implemented an enterprise-wide marketing solution from Esri partner Galigeo.  read more
Pioneer Foods expects slower spending

Pioneer Foods expects slower spending

21/05/2013 - 07:49
Pioneer Foods Ltd. said it expects slower spending to curb its full-year performance. read more
Heineken aims to grow African market

Heineken aims to grow African market

14/05/2013 - 08:05
Johannesburg - A thirst for beer among Africa's middle classes is driving the world's biggest brewers to invest on the continent, but getting women to drink the beverage is another matter. read more
Whole Foods Market Q2 profit surges 20%; raises forecast

Whole Foods Market Q2 profit surges 20%; raises forecast

08/05/2013 - 11:04
Austin, Texas. Whole Foods Market on Tuesday reported that its second-quarter net income rose to $142 million from $118 million a year earlier, beating analysts estimates. The chain also raised its full-year forecast. read more
Demand for retail space soars in remote towns of Eastern Cape

Demand for retail space soars in remote towns of Eastern Cape

03/05/2013 - 09:27
The demand for retail space across remote towns in Eastern Cape such as Sterkspruit, Mthatha and Tsolo formerly known as the Transkei has accelerated, according to JHI Properties. read more
The rise of the black middle class in SA

The rise of the black middle class in SA

02/05/2013 - 10:38
South Africa’s black middle class has more than doubled in the last eight years, growing from 1.7-million South Africans in 2004 to an estimated 4.2-million in 2012, according to research by the UCT Unilever Insitute of Strategic Marketing. read more
Credit growth slows to 7.79%

Credit growth slows to 7.79%

02/05/2013 - 08:44
Johannesburg - Growth in credit demand by South Africa's private sector slowed to 7.79% year-on-year in March from 7.88% in February, data from the South African Reserve Bank showed on Tuesday. read more
 Clicks forecasts higher profits

Clicks forecasts higher profits

29/04/2013 - 10:20
Johannesburg - Clicks Group has said diluted earnings per share excluding one-time items will grow 5 to 10 percent in the year to end August amid weakening demand.  read more
Africa ready to add to global growth

Africa ready to add to global growth

22/04/2013 - 08:24
Washington - Africa, with its improved economies, can contribute to global growth for the first time in history, African finance ministers said on Saturday in Washington. read more
International gains offset Casino’s domestic price war wounds

International gains offset Casino’s domestic price war wounds

19/04/2013 - 12:49
On Casino’s first quarter results, Gildas Aitamer, Retail Analyst at Planet Retail, commented:  read more
US: Retail sales fall 0.4% in March

US: Retail sales fall 0.4% in March

16/04/2013 - 08:42
New York - U.S. retail sales fell 0.4% in March, the biggest decrease in nine months, amid a slowdown in hiring and higher taxes. Excluding sales of autos, gas and building materials, core sales dropped 0.2% in March, following a 0.3% increase in January. read more
Manufacturing output falls 2.9%

Manufacturing output falls 2.9%

12/04/2013 - 09:43
Johannesburg - South Africa's manufacturing output fell 2.9% year-on-year in volume terms in February, the first contraction in five months, compared with revised 3.7% growth in January, Statistics South Africa said on Thursday.  read more
Consumers may switch to property - FNB

Consumers may switch to property - FNB

11/04/2013 - 10:00
Johannesburg - The SA consumer could switch some of their expenditure from consumption to home buying‚ FNB household and consumer sector strategist John Loos said on Wednesday read more
Now could be Africa's time - economist

Now could be Africa's time - economist

10/04/2013 - 08:00
Cape Town - Fast growing Africa could be a dominant force in the world's economic landscape for decades to come if the continent gets its act together, top Goldman Sachs economist Jim O'Neill said on Tuesday.  read more
Tablets spur smart connected device growth

Tablets spur smart connected device growth

08/04/2013 - 09:30
According to the International Data Corporation (IDC) Smart Connected Device Tracker, worldwide shipments of smart connected devices grew 29.1% year over year in 2012, crossing 1 billion units shipped with a value of $576.9 billion.  read more
Samsung predicts earnings increase

Samsung predicts earnings increase

05/04/2013 - 07:55
Seoul - South Korea's Samsung Electronics said on Friday it expected a sharp increase in first-quarter operating profit to 8.7-trillion won ($7.7-billion), up 52.9 percent from the first three months of 2012. read more
New R220-million Elim Mall opens in Limpopo

New R220-million Elim Mall opens in Limpopo

03/04/2013 - 08:57
Elim Mall became the latest shopping mall to open in Limpopo province, on March 28 2013, bringing Elim consumers a new generation premium-grade retail experience. read more
Walmart targets web sales with lockers, mobile app technology

Walmart targets web sales with lockers, mobile app technology

02/04/2013 - 09:56
Wal-Mart Stores Inc. (WMT), the world’s largest retailer, is trying out new delivery methods and adding to its mobile technology to improve Web-based shopping and step up its challenge to Amazon.com Inc. (AMZN) read more
Liberty Promenade expansion strategy pays off

Liberty Promenade expansion strategy pays off

28/03/2013 - 12:29
The R500 million upgrades and redevelopment of Liberty Promenade has helped the retail centre to achieve 11.63% in turnover growth, entrenching its status as the preferred shopping destination of the Mitchells Plain and Khayelitsha communities. read more
Sunward Park shopping centre in Boksburg set to open Sep 2013

Sunward Park shopping centre in Boksburg set to open Sep 2013

28/03/2013 - 12:21
Sunward Park shopping centre, an upcoming retail centre in Boksburg, today announced that it will open its door in September 2013, and offer Shoppers with festival of fine food and entertainment. read more
J.C. Penney resumes old pricing strategy; marketing exec leaves for Home Depot

J.C. Penney resumes old pricing strategy; marketing exec leaves for Home Depot

28/03/2013 - 11:11
Plano, Texas -- A Tuesday report by Reuters said that embattled J.C. Penney Co. has recently revived its previously abandoned pricing strategy of raising prices on its own brands then discounting them as a way to spike sales and margins.  read more