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JD GROUP NEWS ON FASTMOVING

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Thousands face axe as JD Group plans shop closures

Thousands face axe as JD Group plans shop closures

24/02/2016 - 11:27
Johannesburg - South African furniture retailer JD Group plans to close about 260 stores employing thousands of workers as it seeks to stabilise its finances. read more
JD Group to sell off finance unit in R4.6bn deal

JD Group to sell off finance unit in R4.6bn deal

19/12/2014 - 09:20
JD Group will sell its loss-making consumer-finance business to a BNP Paribas unit for R4.6 billion in cash, allowing it to focus on furniture sales. Steinhoff International Holdings, which owns 86 percent of JD Group, had “irrevocably undertaken” to vote in favour of the deal, the Johannesburg-based company said in a statement.  read more
JSE retail index rises to record

JSE retail index rises to record

18/11/2014 - 09:52
Johannesburg - South African retailers jumped to a record, led by Lewis Group, as a lower oil price eases pressure on the central bank to raise interest rates.  read more
Retailers fight to stay afloat

Retailers fight to stay afloat

06/11/2014 - 11:03
Major furniture retailers were hard at work either merging or closing down their stores as prospects continued to dwindle on the back of credit-strained consumers. read more
Furniture market ‘over traded and too crowded’

Furniture market ‘over traded and too crowded’

05/11/2014 - 09:25
The piece-by-piece sale of Ellerine Holdings’ brands augurs change for SA’s overtraded furniture sector as sales slump at credit-heavy players and customers struggle to repay loans. read more
Retailers expecting better sales during this festive season

Retailers expecting better sales during this festive season

30/09/2014 - 09:49
For most of the year retailers targeting the lower-middle income segment have withstood the worst of weak consumer demand, as ever-escalating living costs and a debt overhang caused by a glut of unsecured credit crimp household budgets. read more
Consumer debt shakes furniture dealers

Consumer debt shakes furniture dealers

08/09/2014 - 10:49
Durban - African Bank Investment Limited (Abil) was not the only casualty when it came to consumers not being able to pay their debts, including their furniture instalments, analysts said on Friday.  read more
JD Group soars on finance unit sale news

JD Group soars on finance unit sale news

02/09/2014 - 12:56
Johannesburg - Shares of JD Group [JSE:JDG] jumped more than 5% in early trade on Tuesday after the struggling furniture retailer said it would sell its financing arm, after getting hit by exposure to the troubled consumer debt market. read more
 JD Group cuts rights offer

JD Group cuts rights offer

22/05/2014 - 10:56
Johannesburg - Yesterday, furniture retailer, JD Group, cut the size of its planned rights offer by 60%, after agreeing to shift its funding to top shareholder Steinhoff International. read more
No discount on JD Group's R2.48bn rights issue

No discount on JD Group's R2.48bn rights issue

14/04/2014 - 07:29
Johannesburg - Furniture retailer JD Group priced its R2.48bn ($240m) rights offer at its current share price on Friday, to shore up its balance sheet after a spike in bad debts. read more
JD Group's bad debts spook investors

JD Group's bad debts spook investors

12/02/2014 - 08:48
Cape Town - Shares in JD Group tumbled by 6% after it announced that it would likely suffer a profit loss because consumers can't afford to pay their furniture debt. 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
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
JD Group: Consumer spend to stay weak

JD Group: Consumer spend to stay weak

25/02/2013 - 08:24
Johannesburg - JD Group, a South African furniture retailer and financial services provider, said high unemployment and an oversupply of unsecured lending is causing consumers to spend less on durable goods. read more
HiFi Corp launches e-store

HiFi Corp launches e-store

31/10/2012 - 09:15
HiFi Corp, a provider of electronic, audio and visual products, has launched its new e-commerce store, taking its range of services online. read more
JD Group plans new stores after good results

JD Group plans new stores after good results

10/09/2012 - 10:26
Furniture and household goods retailer JD Group plans to add 50 stores in the next financial year, mainly in rural areas, as it seeks to drive more business through its retail and financial services divisions.  read more
Steinhoff profit seen higher

Steinhoff profit seen higher

28/08/2012 - 09:00
Johannesburg - Steinhoff International [JSE:SHF] advised on Monday that both the earnings per share from continuing operations and headline earnings per share from continuing operations for the year ended June 2012‚ will be between 30% and 35% higher than those reported in the comparable period ended June 2011.  read more
JD Group launches bond offering

JD Group launches bond offering

13/06/2012 - 08:37
JD Group (JDG) on Tuesday announced the launch of its inaugural offering of convertible bonds due June 2017 in a nominal amount of up to R1.0 billion‚ with an option to increase the issue size.  read more
Steinhoff to take over JD Group

Steinhoff to take over JD Group

27/01/2012 - 07:57
Johannesburg - Steinhoff International Holdings [JSE:SHF], Africa’s biggest furniture maker, aims to increase its stake in JD Group [JSE:JDG] through a share swap deal to gain control of the South African retailer.  read more
Top retailers avoid equity BEE partners

Top retailers avoid equity BEE partners

28/11/2011 - 08:35
Politically connected empowerment’s usual suspects are missing out on a combined market capitalisation of more than R160 billion as they are shunned by top JSE-listed retailers, which have chosen to rather give stakes to their staff and support struggling black entrepreneurs. read more
Upbeat JD Group reports profit growth

Upbeat JD Group reports profit growth

16/05/2011 - 12:00
Johannesburg - Retailer JD Group [JSE:JDG] on Monday reported diluted headline earnings per share of 200.1c for the six months ended February 2011, from 139.2c a year ago. read more