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JET NEWS ON FASTMOVING

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Ackermans, Truworths and Pep lead in customer satisfaction rankings

Ackermans, Truworths and Pep lead in customer satisfaction rankings

19/08/2019 - 08:36
Consulta has released its latest South African Customer Satisfaction Index (SA-csi), showing which clothing stores have the highest customer satisfaction ratings. read more
Edcon gets some breathing space

Edcon gets some breathing space

17/01/2019 - 10:34
Edcon is at a turning point yet again. The retailer — which operates the Edgars, Jet and CNA chain stores — has just wrapped up a deal with 250 stakeholders, including its shareholders and landlords, in a bid to keep its doors open. read more
Annual retail report reveals most customer centric retailers in SA

Annual retail report reveals most customer centric retailers in SA

20/02/2018 - 08:50
With economic conditions in South Africa likely to remain weak, the apparel retail industry growth forecast for 2018 is muted. In addition, the entrance of international brands has added further challenge for local incumbents. read more
Jet boosts assortment with Wal-Mart brands

Jet boosts assortment with Wal-Mart brands

02/03/2017 - 09:19
E-commerce startup Jet, now owned by Wal-Mart, is bringing in a slew of Wal-Mart brands, including “Great Value,” “Equate” and “Sam’s Choice,” to bolster its relatively thin assortment, Bloomberg reports. read more
Report: Amazon handily trumps Jet on price, assortment

Report: Amazon handily trumps Jet on price, assortment

12/09/2016 - 14:09
E-commerce upstart Jet, recently acquired by Wal-Mart Stores Inc. for $3.3 billion, failed to beat Amazon on price on 44% of 331 best-selling items, undercutting its rival just 16% of the time, according to a study conducted by Boomerang Commerce for Business Insider.  read more
Wal-Mart buys Jet for record-breaking $3b

Wal-Mart buys Jet for record-breaking $3b

08/08/2016 - 15:19
After days of speculation, Wal-Mart Stores officially announced its acquisition of online retailer Jet on Monday morning, completing the biggest deal in U.S. e-commerce startup history. read more
Edcon in talks to defer $110m coupon payment

Edcon in talks to defer $110m coupon payment

18/04/2016 - 14:22
Edcon is in talks with creditors to defer R1.6bn of interest payments to December to boost its liquidity, it said on Friday (15 April). read more
Edcon writes off $2.2m in Zim as Jet jumps to rescue - Zimbabwe

Edcon writes off $2.2m in Zim as Jet jumps to rescue - Zimbabwe

18/03/2016 - 10:26
Harare - Edgars, Edcon's unit in Zimbabwe, which also runs Jet stores in the country, said credit sales are improving on the back of declining defaults, despite having to write off US$2.2m for its full year to end-December. read more
Truworths sales up but clothing retailers suffer - Zimbabwe

Truworths sales up but clothing retailers suffer - Zimbabwe

10/03/2016 - 11:28
Harare - Job losses and delayed pay dates in Zimbabwe are worsening trading conditions for credit-based clothing and apparel retailers, with the Zimbabwean unit of Truworths [JSE:TRU] saying on Wednesday (9 March) that consumer incomes have come under threat. read more
Refinancing helps Edcon turn first profit since 2012

Refinancing helps Edcon turn first profit since 2012

29/02/2016 - 08:53
Johannesburg - Leading clothing retailer Edcon said it made its first profit since 2012 after last year’s successful exchange offer aimed at stabilising its balance sheet. read more
Edcon CEO vows to bring back glow

Edcon CEO vows to bring back glow

10/12/2015 - 13:31
Edcon’s new Australian CEO Bernie Brookes promises the faded retail giant’s star will shine brightly again. read more
Edcon secures repayment deal on debt of R7.9bn

Edcon secures repayment deal on debt of R7.9bn

01/12/2015 - 08:25
Edcon said on Monday it had secured a repayment deal on debt of R7.9bn and access R1.85bn to pay down some bonds. read more
Debt noose tightens around Edcon

Debt noose tightens around Edcon

27/10/2014 - 11:16
Edcon’s debt squeeze appears to be getting tighter after ratings agency Moody's placed it "on review for a downgrade". read more
New shopping mall opens in Botswana

New shopping mall opens in Botswana

08/01/2014 - 10:59
The mall, situated along the A1 road in Botswana, will house amongst other shops, Edgars, JB Sports, Jet, pharmacies, Choppies Supermarket and food outlets which would include Nandos and Wimpy. read more
Old Mutual mall development on course in Namibia

Old Mutual mall development on course in Namibia

10/07/2013 - 08:37
WINDHOEK – Plans to develop a shopping centre and office blocks in Keetmanshoop town are on course. Old Mutual Namibia is the developer of what is estimated to be an investment of N$92 million. The development will be fully funded by Old Mutual Namibia. read more
Edcon’s revenues rise

Edcon’s revenues rise

05/06/2013 - 07:53
Johannesburg - Unlisted retailer Edcon on Tuesday reported a 3.1% increase in total revenues to R26.7bn for the year ended March 2013‚ while retail sales increased by 2% to R25.2bn. read more
Edcon sees improved trading

Edcon sees improved trading

22/02/2013 - 08:36
Johannesburg - Edcon Holdings said trading at its lower-price units has improved in the past two months after a weak third quarter.  read more
Credit-shy Edcon posts solid results

Credit-shy Edcon posts solid results

07/06/2011 - 10:30
Edcon, the owner of Edgars, Jet and CNA, will continue to be conservative in its credit granting policy, unlike competitors who have become, in a low interest rate environment, more aggressive in pushing credit. read more