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Lowe’s to ditch Mexico stores in further streamlining

Lowe’s to ditch Mexico stores in further streamlining

21/11/2018 - 11:23
Lowe’s stated it was looking to shed its retail operations in Mexico and certain noncore US businesses as the country’s second-biggest home improvement chain strives to compete with rivals including Home Depot.  read more
SA table grape industry returns to normal crop

SA table grape industry returns to normal crop

13/09/2018 - 08:16
Good winter rains to date have largely broken the severe drought in the Western Cape. This positive outlook, linked to new plantings and new cultivars, brings the South African table grape industry back onto its positive growth curve. read more
Pernod Ricard’s profits boosted by growing sales in Asia

Pernod Ricard’s profits boosted by growing sales in Asia

30/08/2018 - 09:59
Pernod Ricard has recorded strong profit growth in its 2017-18 full-year results, thanks to sales growth in India and China and the pronounced growth of its Martell cognac and Jameson whisky brands.  read more
Danone keeps its growth outlook despite Morocco boycott

Danone keeps its growth outlook despite Morocco boycott

31/07/2018 - 13:55
Danone is counting on baby food sales in China to help power annual earnings higher despite setbacks in Morocco and Brazil that slowed second-quarter sales, the French food group said. read more
SA ‘completely out of step’ with global SME growth trends

SA ‘completely out of step’ with global SME growth trends

26/07/2018 - 11:11
SA is a "complete outlier" internationally when it comes to employment creation by small and medium-sized enterprises, raising questions about possible policy and regulatory failure. read more
Local businesses make access to funding easier

Local businesses make access to funding easier

18/07/2018 - 08:29
The South African funding space has had a shake-up with news of a joint venture that will make it easier for small businesses to obtain the right kind of funding so that business owners can now access capital quickly. read more
Meat and poultry consumption on the rise in Africa

Meat and poultry consumption on the rise in Africa

17/07/2018 - 14:54
The meat and poultry market in West Africa grew to 6.5M tonnes in 2016. In value terms, it stood at $16.1B, which was at the level of the previous year. Market size upturned from 2007 to 2014, with mild fluctuations, followed by an abrupt decline in 2015 and stabilisation in 2016. read more
Smarter marketing in the digital era

Smarter marketing in the digital era

16/07/2018 - 14:09
An essential driver of digital transformation is how companies can use their data to remain relevant. read more
Tills chime for Pick n Pay’s Zim stores as retail, hoteling income grow

Tills chime for Pick n Pay’s Zim stores as retail, hoteling income grow

16/07/2018 - 10:47
Pick n Pay is raking in the profits from Zimbabwe and its partner in the struggling country is now looking to open more stores buoyed by stronger performance from its other operations across city and resort hotels as well as agro-processing. read more
Nike names new chief sustainability officer

Nike names new chief sustainability officer

12/07/2018 - 08:59
Nike has named Noel Kinder has is new chief sustainability officer. read more
U.S. whisky imports to South Africa surge

U.S. whisky imports to South Africa surge

05/07/2018 - 10:39
US whisky imports to the country grew to over US$10m last year. The imports surged by more than 17 percent in 2016, from US$8.9m to over US$10.5m in 2017. read more
H&M plans further price cuts as it struggles to get a handle on unsold stock

H&M plans further price cuts as it struggles to get a handle on unsold stock

29/06/2018 - 15:08
H&M plans to cut prices further as supply problems hamper the Swedish company’s ability to respond to fast-changing fashion demand, swelling its stockpiles of unsold clothing. read more
Shock April retail sales crash after VAT increase

Shock April retail sales crash after VAT increase

13/06/2018 - 15:48
April’s increase in VAT and fuel prices knocked retail sales growth down to a ninth of the 4.5% expected by economists. read more
FinTech could fuel Africa’s next big growth & jobs explosion

FinTech could fuel Africa’s next big growth & jobs explosion

07/06/2018 - 14:35
The African continent is poised to experience its next big growth phase. While previous growth phases on the continent – which helped birth the ‘Africa Rising’ narrative – were fuelled by the continent’s natural resources and young population, this one will be driven by financial technology or fintech. read more
Rhodes Food turns to Africa for growth

Rhodes Food turns to Africa for growth

23/05/2018 - 15:41
Western Cape-based food producer Rhodes Food Group is deepening its growth in the sub-Saharan Africa region, as the international market is marred by uncertainty.  read more
Verimark delivers excellent growth performance

Verimark delivers excellent growth performance

23/05/2018 - 08:36
South Africa’s market-leading direct retail group, Verimark, today announced that notwithstanding the challenging economic environment in South Africa, the company has delivered one of its best performances to date, as reflected by growth in sales and profitability for the year ended 28 February 2018.  read more
How to build a better sales compensation plan to drive profitable growth

How to build a better sales compensation plan to drive profitable growth

15/05/2018 - 15:46
How do you improve your sales compensation plan to ensure you drive profitable growth? Here are the challenges to overcome and the best practices to follow.  read more
Increase in mall foot traffic drives consumer-brand engagement

Increase in mall foot traffic drives consumer-brand engagement

01/05/2018 - 12:59
While mall occupancy levels and foot traffic have decreased in some malls, other malls have experienced excellent growth over the six months to December. So, what does this mean for brands? Brands need to be where the consumers are and what better place than the mall environment. John Faia: GM of Mall Ads™ unpacks the status quo. read more
Reserve Bank warns liabilities at SOEs still pose a downgrade threat

Reserve Bank warns liabilities at SOEs still pose a downgrade threat

26/04/2018 - 10:01
The Bank’s Financial Stability Review says that SA still has a vulnerable domestic fiscal position. read more
Distell’s restructuring set to take even more time

Distell’s restructuring set to take even more time

26/04/2018 - 08:28
A sluggish share price performance reflects frustration over stymied growth strategy. read more
Nestlé confirms outlook as volume growth picks up

Nestlé confirms outlook as volume growth picks up

19/04/2018 - 12:15
Food group Nestlé confirmed its full-year guidance after organic sales growth accelerated to 2.8 percent in the first quarter of 2018, helped by improving volumes. read more
Retail sales growth increases 4.9% in February, says Stats SA

Retail sales growth increases 4.9% in February, says Stats SA

19/04/2018 - 10:55
Retail sales growth increased 4.9% in February from the same month in 2017, Statistics SA reported.  read more
Consumer group Libstar mulls JSE listing

Consumer group Libstar mulls JSE listing

09/04/2018 - 10:32
Before the listing the company plans to conclude a black economic empowerment deal that will establish an employee share trust. read more
Confidence and optimism buoy SA’s agriculture

Confidence and optimism buoy SA’s agriculture

27/03/2018 - 09:32
Renewed optimism and agribusiness confidence is expected to shake off the adverse effects of policy and weather, says Agbiz’s Wandile Sihlobo. read more
Nike revenues jump 7% despite US sales drop

Nike revenues jump 7% despite US sales drop

26/03/2018 - 10:05
Sportswear giant Nike has seen revenues come in above expectations by $15 million (£10.6 million) over its third quarter, driven by strong growth across Asia. read more
Shopping centre sales heading for growth

Shopping centre sales heading for growth

08/03/2018 - 13:36
After months of decline, trading densities across 2.2 million m² of physical retail space in seven provinces of South Africa and in Namibia are trending towards growth, according to an industry barometer.  read more
Cape merger to create agriculture powerhouse

Cape merger to create agriculture powerhouse

02/03/2018 - 10:13
A new agribusiness powerhouse is heading for listing on the JSE after proposals by Western Cape-based Overberg Agri and Acorn Agri to merge. read more
SAB tie-up exceeds AB InBev’s expectations

SAB tie-up exceeds AB InBev’s expectations

01/03/2018 - 11:04
Brewer says its beer volumes enjoyed double-digit growth in most of the countries in which it operates. read more
The drought will slow growth, warns Kaap Agri boss

The drought will slow growth, warns Kaap Agri boss

20/02/2018 - 13:54
Agriservices specialist Kaap Agri — which has a strong retail offering — expects prolonged drought conditions in certain farming areas of the Western Cape to slow earnings growth in the first half of the financial year to end September 2018. read more
Astral Foods sets sights on further growth

Astral Foods sets sights on further growth

09/02/2018 - 08:52
Astral Foods, the "big bird" of the JSE’s poultry sector, assured shareholders at Thursday’s annual meeting that management would not be resting on its laurels after a hugely profitable 2017 financial year. read more
December manufacturing output up 2%

December manufacturing output up 2%

08/02/2018 - 15:54
Manufacturing production grew 2% in December, matching economists’ consensus. This marked an acceleration from November’s 1.7%, Statistics SA reported. read more
LVMH wines & spirits sees 7% growth in 2017

LVMH wines & spirits sees 7% growth in 2017

29/01/2018 - 09:46
The wine and spirits business of LVMH Moët Hennessy Louis Vuitton recorded organic growth of 7% in 2017, with revenue reaching €5.084 billion.  read more
Gin and tequila popularity helps Diageo post global sales rise

Gin and tequila popularity helps Diageo post global sales rise

26/01/2018 - 09:36
Diageo posted strong growth in the first half of its fiscal year with sales increasing in all of its regions and its gin and tequila brands performing particularly well.  read more
'3 for 2' helps Clicks grow festive season sales

'3 for 2' helps Clicks grow festive season sales

22/01/2018 - 10:33
Health and beauty retailer Clicks said in a trading update on Monday it has continued on a strong growth trend in the 20 weeks to mid-January 2018.  read more
Clothing sector to unzip retail sales growth

Clothing sector to unzip retail sales growth

22/01/2018 - 10:14
Analysts are upbeat about the clothing-retail sector’s outlook for 2018 even though some struggled to lift volumes significantly on Black Friday and during the festive season. read more
Tough times stunt Massmart growth

Tough times stunt Massmart growth

19/01/2018 - 08:43
Massmart recorded muted growth for the year to December as it battled a weaker economy and stronger rand.  read more
Mr Price bounces back with sales surge

Mr Price bounces back with sales surge

18/01/2018 - 08:43
Mr Price outperformed other retailers in the three months to December, recording 8.3% growth in sales. read more
Hugo Boss achieves goals for 2017 following strong sales

Hugo Boss achieves goals for 2017 following strong sales

17/01/2018 - 15:21
Upmarket fashion retailer Hugo Boss has “achieved goals for 2017” following strong sales in its final quarter, as it pushes on with its turnaround strategy.  read more
Black Friday boosted retail November retail sales by 8.2%- surprising economists

Black Friday boosted retail November retail sales by 8.2%- surprising economists

17/01/2018 - 15:00
Black Friday boosted November 2017’s retail sales to 8.2% — double the annual growth expected by economists. read more
BAT assured of solid earnings growth

BAT assured of solid earnings growth

14/12/2017 - 09:53
Cigarette company British American Tobacco (BAT) is confident of good earnings growth in the financial year to end-December on a constant currency basis. read more
Helping SA’s SMEs gear up for the summer season

Helping SA’s SMEs gear up for the summer season

17/11/2017 - 13:33
South Africa’s economy is not faring well. The country’s GDP declined 0.3% in the fourth quarter of 2016 and 0.7% in the first quarter of 2017. Second-quarter data for 2017 shows year-on-year GDP growth was 1.1%, and for the six months growth has remained at 1.1%.  read more
Retail sector offers good news for third-quarter economic growth

Retail sector offers good news for third-quarter economic growth

15/11/2017 - 14:15
In good news for third-quarter economic growth, the retail sector did better than expected in September. read more
Bottle stores help Spar counter slowing grocery sales growth

Bottle stores help Spar counter slowing grocery sales growth

15/11/2017 - 08:39
Double-digit liquor sales growth outweighed lower grocery sales for Spar in the year to end-September. read more
No relief in sight for local clothing retailers in 2018

No relief in sight for local clothing retailers in 2018

07/11/2017 - 09:28
Clothing retailers are likely to see single-digit growth in future as low sales, worsened by weak economic growth and international competitors entering the market, continue to put the sector under pressure. read more
Nestlé expects operating margin to fall up to half a percentage point

Nestlé expects operating margin to fall up to half a percentage point

19/10/2017 - 16:12
Nestlé said it expected its operating margin to slip 40 to 60 basis points in 2017 due to higher restructuring costs from a faster overhaul, and said full-year organic sales growth should be in line with the 2.6% seen in the first nine months.  read more
Dis-Chem forecasts share earnings leap

Dis-Chem forecasts share earnings leap

11/10/2017 - 08:37
Dis-Chem Pharmacies said on Tuesday that headline earnings per share in the six months to August 2017 were set to be 34.8%-39.5% higher than those of the matching period in 2016. read more
SA clambers out of recession but retail sector is likely to retard growth

SA clambers out of recession but retail sector is likely to retard growth

15/09/2017 - 11:03
Even as SA clambered out of recession, it is unlikely to experience meaningful growth on the back of a slump in the retail sector. read more
Private sector credit moderates in June

Private sector credit moderates in June

01/08/2017 - 08:24
SA’s private sector credit growth moderated more than expected in June, suggesting low levels of business and consumer confidence. read more
BAT complains illegal cigarette trade is hurting sales in SA

BAT complains illegal cigarette trade is hurting sales in SA

27/07/2017 - 10:41
British American Tobacco (BAT) complained of "the growth in illicit trade" causing its South African cigarette sales and profits to decline. read more
Solutions to save the SA economy

Solutions to save the SA economy

25/07/2017 - 11:55
Low economic growth, recorded since 2011, is dragging down the employment rate which is negatively impacting the youth the most, a survey revealed. read more
Direct selling rakes in R12.9bn

Direct selling rakes in R12.9bn

18/07/2017 - 09:39
Listed retail may be having a tough time, but direct sellers are coining it. Results from the Direct Selling Association of SA show that the direct selling industry experienced double-digit growth, generating sales of R12.9bn in 2016. read more
German online retail sales increase by 12%

German online retail sales increase by 12%

17/07/2017 - 14:47
The turnover of German online retail business rose to €14 billion in the second quarter of 2017, according to data from the Bundesverband E-Commerce und Versandhandel (federal association of e-commerce and mail order). read more
Nike reaches $2 billion in online sales

Nike reaches $2 billion in online sales

03/07/2017 - 09:44
The footwear giant says its annual web sales grew 30% over last year, and executives offer updates on its pilot program on the Amazon.com marketplace. read more
Consumer goods companies take strain

Consumer goods companies take strain

18/06/2017 - 14:04
CONSUMER goods companies have shown greater margin compression than growth in the most recent six-month reporting period. read more
Why BAT is confident of market gain

Why BAT is confident of market gain

15/06/2017 - 12:52
Cigarette group British American Tobacco (BAT) says it expects robust volume growth and further market share gains in the half-year to June. read more
The fastest growing retailers in the U.S.

The fastest growing retailers in the U.S.

31/05/2017 - 09:41
In the ultra-competitive modern marketplace retailers are either growing or dying ― expansion has been and remains the ultimate measure of success. It is one thing to show growth over a quarter or even a year, but retail’s truly successful show sales growth year, after year, after year. read more
DIS-CHEM: Off to a healthy start

DIS-CHEM: Off to a healthy start

25/05/2017 - 09:57
The pharmacy franchise has done very well in its first year of listing and is on an aggressive store roll-out. read more
Alibaba Group reports strong growth in eCommerce

Alibaba Group reports strong growth in eCommerce

23/05/2017 - 14:30
The Alibaba Group reported strong eCommerce growth for the quarter ending March 31. Revenue for the quarter was $5.6 billion, an increase of 60% year-over-year, the highest growth rate since the company went public. Overall revenue growth was 56%. read more
Sally Williams offers a growth lesson for the whole food sector

Sally Williams offers a growth lesson for the whole food sector

08/05/2017 - 16:56
Mark Sack, the managing director of one of South Africa’s most famous brands and a speaker at The Food Forum 2017, the conference for Africa’s Big 7 reveals why expansion was a two-year challenge. read more
Retail sales defy expectations of an improvement

Retail sales defy expectations of an improvement

19/10/2016 - 15:36
Retail sales growth slowed further in August, deepening the disappointing slowdown reported for July. read more
HomeChoice’s operating profit up 9.8% to R280m

HomeChoice’s operating profit up 9.8% to R280m

31/08/2016 - 08:52
DIRECT shopping retailer HomeChoice managed to pull growth from its hat as revenue rose 15.8% to R1.52bn, despite the constrained consumer environment in which it trades. read more
RCL Foods opts to cut dividend as earnings fall

RCL Foods opts to cut dividend as earnings fall

31/08/2016 - 08:48
DIVERSIFIED food producer RCL Foods has slashed its annual divided almost a third after the worst drought in a century deflated its profit growth. read more
Tesco maintains quarterly growth as turnaround momentum

Tesco maintains quarterly growth as turnaround momentum

23/06/2016 - 10:18
London - Tesco reported a second straight quarter of UK sales growth, the first time it’s done so in five years as the grocer’s turnaround gains momentum. read more
SA must target 5% growth - ADB

SA must target 5% growth - ADB

03/10/2012 - 10:08
Johannesburg - South African labour unrest will only temporarily deter investors, but the country must grow faster to avoid serious pitfalls ahead, the African Development Bank's chief economist said on Tuesday.  read more
Supply chain disruption prompts risk rethink

Supply chain disruption prompts risk rethink

16/03/2012 - 08:49
Only a minority of chief executives are very confident that their current risk-management strategies will prove effective against supply chain events such as the Japanese tsunami, a new report has warned.  read more
Wholesale sales reflect buoyant consumption growth

Wholesale sales reflect buoyant consumption growth

17/02/2012 - 13:55
The latest data release from Statistics South Africa shows growth in wholesale trade sales remained robust during December 2011.  read more
Retail sales boosted by festive season

Retail sales boosted by festive season

16/02/2012 - 08:11
Johannesburg - Growth in South Africa’s retail sales jumped to 8.7% year-on-year at constant prices in December from an upwardly revised 7.2% in November, Statistics South Africa said on Wednesday. read more
Nokia no longer on ‘burning platform’

Nokia no longer on ‘burning platform’

13/02/2012 - 08:25
Nokia no longer resembles a man standing on the edge of a burning oil platform with the sea as his only option for survival, according to CEO Stephen Elop. read more
African growth set for new chapter: Deloitte

African growth set for new chapter: Deloitte

20/01/2012 - 12:14
African economies are set to continue growing faster than many developed economies, while shifting trade patterns towards China and India will continue to gain momentum in 2012. read more
Dealing with climate change 'good business sense'

Dealing with climate change 'good business sense'

25/11/2011 - 08:26
If climate change is left unchecked, then it will hamper Africa's economic growth and development, says Sim Tshabalala, Chief Executive of Standard Bank SA.  read more
Nampak full year earnings seen higher

Nampak full year earnings seen higher

21/11/2011 - 08:14
Nampak has advised that its headline earnings per share from continuing operations for the year ended September are expected to be between 15% and 25% higher than the 142.2c per share in 2010. read more
Retail sales surge signals recovery gaining pace

Retail sales surge signals recovery gaining pace

17/11/2011 - 11:03
Growth in retail sales surged unexpectedly in September, signalling that SA’s economic recovery was gathering momentum and quashing lingering expectations that interest rates could fall again read more
SA needs 10% growth for job creation, warns bank

SA needs 10% growth for job creation, warns bank

08/11/2011 - 08:16
According to the Development Bank of Southern Africa, the country’s gross domestic product needs to grow by 10% per year to create 5-million jobs by 2020 read more