Advertise with fastmoving.co.za
 
 

RETAIL NEWS ON FASTMOVING

Subscribe to retail

Retail sales beat expectations in February

Retail sales beat expectations in February

19/04/2019 - 12:39
SA shoppers spent more than expected in February, with retail sales growing 1.1% year on year, led by expenditure in the textiles, footwear and clothing sector. read more
Asian revenue surpasses European for first time at L’Oreal

Asian revenue surpasses European for first time at L’Oreal

18/04/2019 - 09:07
L’Oreal got more revenue from Asia than from Western Europe for the first time last quarter as the region’s surging demand for luxury products continued to resist the drag of a slower Chinese economy. read more
Easter is also a feast for criminals, retailers and consumers warned

Easter is also a feast for criminals, retailers and consumers warned

18/04/2019 - 09:01
There is a tendency among criminals to use the Easter long weekend - and its spike in shopping - to their advantage, says Richard Phillips, joint CEO of retail cash management company Cash Connect. read more
Checkers hot cross buns go viral

Checkers hot cross buns go viral

17/04/2019 - 13:42
Checkers hot cross buns are trending on social media and South Africans are in stitches following the release of a viral video in which a false-positive breathalyser reading was recorded for a police officer. read more
Clicks says private-label products boosted interim earnings

Clicks says private-label products boosted interim earnings

17/04/2019 - 09:59
Clicks Group says it grew headline earnings by 12.9% to R763.3m in the six months to February thanks in part to better sales of its private-label products and higher profits from its distribution business. read more
Mulberry teams up with Farfetch to bolster global omnichannel

Mulberry teams up with Farfetch to bolster global omnichannel

16/04/2019 - 15:31
Mulberry has launched a partnership with online luxury fashion retailer Farfetch to strengthen its international omnichannel strategy. read more
Winning with sustainability in retail

Winning with sustainability in retail

16/04/2019 - 10:59
While there’s pessimism in the air with regards to global product sales, every day there are also groundbreaking changes being implemented by brands and activists who genuinely want to “be the change” when it comes to sustainability. Influencers and businesses are seeking to establish new markets through innovation, leveraging their ideas and products to help fight climate change. read more
Why thrift will be the next big retail trend

Why thrift will be the next big retail trend

15/04/2019 - 08:19
Thrift is increasingly going mainstream and a Gumtree survey estimates it could be worth more than R1trn in terms of items in SA households that are not being used, that the owners would happily sell. read more
Lenders seize UK retailer Debenhams, wiping out Ashley

Lenders seize UK retailer Debenhams, wiping out Ashley

12/04/2019 - 09:33
Debenhams’ lenders took control of the ailing retailer after it went into administration, wiping out shareholders including billionaire Mike Ashley in the latest corporate failure on Britain’s high street. read more
Pick n Pay approves further expansion in Zimbabwe despite market turbulence

Pick n Pay approves further expansion in Zimbabwe despite market turbulence

12/04/2019 - 08:58
Pick n Pay, under its joint venture deal in Zimbabwe, has approved an expansion programme in the troubled country despite waning consumer spending power and disturbances to operations in the past few months.  read more
Egg hunting just got more fun for adults with the introduction of Sugarbird® Gin Eggs

Egg hunting just got more fun for adults with the introduction of Sugarbird® Gin Eggs

11/04/2019 - 14:59
Made by entrepreneurial spirited local gin brand Sugarbird®, the Sugarbird Gin Eggs is the brainchild of co-owners Nzeka Biyela and Rob Heyns.  read more
Retailers feel the heat as e-commerce siphons off sales

Retailers feel the heat as e-commerce siphons off sales

11/04/2019 - 09:47
The start of 2019 has been bleak for most SA retailers, raising questions about the future of the sector. read more
2 out of 3 South African consumers participated in Black Friday - consumer expert

2 out of 3 South African consumers participated in Black Friday - consumer expert

11/04/2019 - 09:14
Data shows that 2 out of 3 South African consumers participated in Black Friday shopping at some point, according to Isana Cordier, sector head for consumer goods and services, corporate and investment banking at ABSA.  read more
Ted Baker enters Chinese joint venture to expand brand

Ted Baker enters Chinese joint venture to expand brand

10/04/2019 - 12:54
Ted Baker has agreed to a new joint venture with Shanghai LongShang Trading Company to expand its brand in the East Asia region.  read more
UK’s Debenhams falls into administration

UK’s Debenhams falls into administration

09/04/2019 - 14:47
Debenhams’ lenders took control of the ailing British retailer after it went into administration, wiping out shareholders including billionaire Mike Ashley in the latest corporate failure on the high street. read more
Pick n Pay to shift plastic bag usage with 20 000 free reusable bags in-stores, every day

Pick n Pay to shift plastic bag usage with 20 000 free reusable bags in-stores, every day

09/04/2019 - 14:35
Over the next two weeks, Pick n Pay will give 20 000 customers a free reusable bag every day in stores across the country.  read more
Pick n Pay shares rise on annual turnover growth of nearly 10%

Pick n Pay shares rise on annual turnover growth of nearly 10%

09/04/2019 - 09:39
Pick n Pay, one of South Africa’s largest supermarket chains rose after the group reported turnover growth of almost 10 percent in the financial year to the end of March, underscoring the resilience of its South African division, which clawed back market share from competitors. read more
SA consumers embrace digital shopping

SA consumers embrace digital shopping

08/04/2019 - 09:30
Smartphones have become the go-to technology for online shopping, with more than 20percent of South African consumers using them weekly over other mobile devices. read more
Physical stores are not dead, but boring retail is

Physical stores are not dead, but boring retail is

05/04/2019 - 16:18
Retail is not dead, and physical stores are not dead, but "boring retail" is dead, according to Linah Maigurira, Google's head of retail business in South Africa.  read more
Nestlé goes vegan with meat-free burger range

Nestlé goes vegan with meat-free burger range

05/04/2019 - 10:07
Nestlé is looking to take a bite of the fast-growing vegan foods market with a range of plant-based burgers, saying its recipes could compete for taste with traditional beef patties. read more
Superdry slumps as founder's return sparks board revolt

Superdry slumps as founder's return sparks board revolt

04/04/2019 - 13:34
Shares in Superdry fell more than 11% after founder Julian Dunkerton narrowly forced his way back into the company, which sparked the exit of most of its board members, including top executives. read more
Retailers cash in on customer loyalty

Retailers cash in on customer loyalty

04/04/2019 - 08:15
More and more consumers are buying into the idea of loyalty programmes — and it’s paying off for retailers in terms of valuable information, as well as increased revenues.  read more
Almost 100 new employees welcomed at Shoprite Botleng

Almost 100 new employees welcomed at Shoprite Botleng

03/04/2019 - 10:00
Shoprite created 90 new jobs with the opening of its new store in Botleng, just outside Delmas, this week. The store’s total staff complement is 111, which includes 81 youth (between the ages of 18 and 35) and 76 women. read more
 Carrefour franchisee on prowl for acquisitions to grow in Africa

Carrefour franchisee on prowl for acquisitions to grow in Africa

03/04/2019 - 08:42
Majid Al Futtaim Holding, an operator of French retailer Carrefour SA outlets, plans to boost its presence in Kenya as it looks to expand into eastern and southern Africa.  read more
Sainsbury has lost its number-two slot to takeover target Asda

Sainsbury has lost its number-two slot to takeover target Asda

02/04/2019 - 15:29
Sainsbury has lost its status as Britain’s number two supermarket group by market share to takeover target Asda for the first time in four years, industry data showed. read more
British supermarkets to install ‘pick your own’ vegetable aisles

British supermarkets to install ‘pick your own’ vegetable aisles

02/04/2019 - 10:16
The end of the bagged salad could be nigh, as British supermarkets look to install ‘pick your own’ vegetable aisles by the end of this year. read more
Lower retail sales reflect slowing US economy

Lower retail sales reflect slowing US economy

02/04/2019 - 08:43
US retail sales unexpectedly fell in February, the latest sign that economic growth has shifted into low gear as stimulus from $1.5-trillion in tax cuts and increased government spending fades. read more
Shoprite shakes up Zambia’s retail sector with world-class store

Shoprite shakes up Zambia’s retail sector with world-class store

01/04/2019 - 11:28
The Shoprite Group is set to change the face of retail in Zambia with the opening of the new world-class store in the Woodlands/Kabulonga area. read more
The future of cross-border retail: Challenges of scaling from South Africa into the continent

The future of cross-border retail: Challenges of scaling from South Africa into the continent

01/04/2019 - 09:33
At present, e-business in Africa remains a challenge. It may be better than it ever has been, but the truth is that lower literacy and internet penetration levels continue to limit the growth on the continent. However, this will not remain the status quo for long, as smartphone proliferation increases, data costs decrease and usability improves. Wallets, now commonplace, are an excellent example of this', bypassing the continent's challenges around depositing, withdrawing and transferring cash, as well as buying airtime and electricity. read more
Consumers rate SA's best supermarkets

Consumers rate SA's best supermarkets

28/03/2019 - 11:28
In an intensifying war for consumer share and brand growth and recognition, SA’s big five supermarket brands will need to do more to differentiate themselves when it comes to customer satisfaction. read more
Why pop-up stores are an easy sell

Why pop-up stores are an easy sell

28/03/2019 - 08:18
Pop-up stores are a smart way for mall owners to fill empty retail space on a temporary basis, and for businesses to punt their product without the overheads of the full store experience. read more
H&M confirms commitment to SA economy with new store openings, several local partnerships

H&M confirms commitment to SA economy with new store openings, several local partnerships

27/03/2019 - 14:47
Despite a subdued outlook for the South African retail sector in 2019, global fashion retailer H&M has firmly underlined its ongoing commitment to the local retail market with the announcement of two store openings scheduled in upcoming weeks, this along with several local partnerships placing strong emphasis on the brand’s ongoing sustainability work.  read more
UK online supermarket pioneer Ocado partners with Australia's Coles

UK online supermarket pioneer Ocado partners with Australia's Coles

27/03/2019 - 08:51
British online supermarket pioneer Ocado has signed a partnership agreement with Australia’s Coles, its fifth major overseas deal in less than 18 months as food retailers around the globe respond to online competition. read more
Facial recognition combats load-shedding shoplifting

Facial recognition combats load-shedding shoplifting

26/03/2019 - 08:39
South Africa’s load-shedding woes are not limited to the inconvenience suffered by consumers. The country’s retailers are set for a dramatic spike in shoplifting, warns one facial recognition for business specialist. read more
How retailers can add value for consumers in turbulent economic times

How retailers can add value for consumers in turbulent economic times

25/03/2019 - 15:51
For the most part, it has been a dismal year for South African retailers; elevated household debt, higher fuel prices and an increase in value-added tax squeezed consumer spending. However, Ackermans, South Africa’s longest standing value retailer, performed well over 2018 reporting growth of just over 10% which is three times more than the industry benchmark.  read more
Confusion around best-before dates causing unnecessary waste

Confusion around best-before dates causing unnecessary waste

25/03/2019 - 11:14
Confusion around best-before dates is widespread, causing unnecessary food waste. And in a country that's already food insecure, binning good food is not only unconscionable, it's plain wrong. read more
Pick n Pay introduces blood oranges to its fresh produce offering

Pick n Pay introduces blood oranges to its fresh produce offering

22/03/2019 - 10:19
Fruit lovers no longer have to travel to Europe to taste the goodness of blood oranges. Pick n Pay has added rare blood oranges to its fresh produce offering making it the first retailer to offer this unique fruit to customers.  read more
Instagram adds shopping feature for US users

Instagram adds shopping feature for US users

22/03/2019 - 09:34
Facebook’s Instagram is trialling a feature that lets US users shop from the photo-sharing app by using a “checkout” option on items tagged for sale, the company said. read more
Retail sales recover in January after dismal December figures

Retail sales recover in January after dismal December figures

22/03/2019 - 09:23
Retail spending showed signs of recovery in January, growing 1.2% on an annualised basis, slightly faster than analysts had expected. read more
Tips for small business owners to survive load-shedding

Tips for small business owners to survive load-shedding

20/03/2019 - 09:36
With small businesses already dealing with hikes in VAT and petrol, coupled with decreased consumer spending, load-shedding is a bridge too far, particularly for restauranteurs. read more
Asos sales up 13% as UK market outperforms

Asos sales up 13% as UK market outperforms

20/03/2019 - 09:25
Asos has reported a rise in its quarterly sales, as growth at home in the UK continues to outperform its foreign markets. read more
Sainsbury’s and Asda seek to salvage deal with £1bn pledge

Sainsbury’s and Asda seek to salvage deal with £1bn pledge

20/03/2019 - 08:58
British supermarket groups Sainsbury’s and Asda have committed to deliver £1bn of annual price cuts as they attempt to salvage their proposed combination after being dealt a potentially fatal blow by the regulator. read more
Is #BlackFriday affecting SA’s December retail trade?

Is #BlackFriday affecting SA’s December retail trade?

19/03/2019 - 09:37
South Africa has seen the Black Friday sales phenomenon grow exponentially in recent years, quickly entrenching itself as a major calendar event on the local retail and shopping scene. The Black Friday sales bonanza, which takes place towards the end of November, is now bigger in SA than ever before. It is a boon for retailers, shopping centres and consumers. However, is Black Friday an emerging threat for the traditional December festive season sales boom? read more
Shoprite Group helps waiter become an entrepreneur thanks to his unique product offering

Shoprite Group helps waiter become an entrepreneur thanks to his unique product offering

18/03/2019 - 15:02
Phenyo Sebaeng (28) had to borrow money from two of his close friends in order to buy a bus ticket from Rustenburg to Cape Town, where he had secured a meeting with a buyer at the Shoprite Group's home office in January 2017. read more
520+ million Smart Shopper cash-off discounts to be issued for customers

520+ million Smart Shopper cash-off discounts to be issued for customers

18/03/2019 - 11:49
Pick n Pay’s Smart Shopper will give customers double personalised discounts to help them save even more in the next few weeks.  read more
Three quarters in a row of sales growth for H&M

Three quarters in a row of sales growth for H&M

15/03/2019 - 14:26
Sweden’s H&M, the world’s second-biggest fashion retailer, posted local-currency sales growth for its fiscal first quarter that matched analysts’ forecasts, on Friday, while net sales were slightly higher than expected. read more
 Libstar banks on new food products

Libstar banks on new food products

14/03/2019 - 10:15
Consumer goods manufacturer and distributor Libstar, whose brands include Lancewood cheese and Denny Mushrooms, says it adjusted to the slowdown in consumer spending by launching hundreds of new food products.  read more
‘Socially conscious’ manufacturer lands major contract with Shoprite

‘Socially conscious’ manufacturer lands major contract with Shoprite

14/03/2019 - 09:53
Plastic manufacturing and recycling company, Verigreen, has been awarded a multi-million rand contract to supply 25 different products under the Shoprite Group’s Ritebrand and Housebrand labels. read more
Adidas chief says it's time for Reebok to start growing again

Adidas chief says it's time for Reebok to start growing again

14/03/2019 - 09:32
After years of efforts to make Reebok profitable again, Adidas Chief Executive Officer Kasper Rorsted has said he’s ready for the next hurdle - getting more people to actually buy its products. read more
Pick n Pay Smart Shopper vs Woolworths WRewards compared

Pick n Pay Smart Shopper vs Woolworths WRewards compared

14/03/2019 - 08:38
A July 2018 Eighty20 report found that the average South African consumer is subscribed to as many as nine different rewards programmes, covering retail, petrol, and banking, among other sectors. read more
Shares in Denny owner Libstar jump on maiden dividend

Shares in Denny owner Libstar jump on maiden dividend

13/03/2019 - 13:49
Libstar, the consumer goods group that listed on the JSE in May 2018, announced a maiden cash dividend of 22c a share on Wednesday as profits after tax in 2018 edged 1% higher to R236m. read more
Morrisons books 3rd straight year of profit & sales growth

Morrisons books 3rd straight year of profit & sales growth

13/03/2019 - 13:36
Morrisons has recorded another year of growth in sales and profit as chief executive David Potts boasted that the Big 4 grocer’s turnaround scheme was “well on track”.  read more
Spitz owner AVI says footwear sales walked all over its results

Spitz owner AVI says footwear sales walked all over its results

12/03/2019 - 10:27
AVI, whose brands include Bakers biscuits and seafood business I&J, said on its footwear businesses struggled the most in the six months ended December. read more
Pick n Pay launches dedicated space in-store to showcase its local small suppliers

Pick n Pay launches dedicated space in-store to showcase its local small suppliers

11/03/2019 - 13:51
Pick n Pay has introduced dedicated shop space to promote local South African products, produced by small businesses, to customers. The ‘Meet the Maker’ showcase will be trialled in eight stores across the country over a three-month period.  read more
Carrefour enables milk product traceability through blockchain

Carrefour enables milk product traceability through blockchain

11/03/2019 - 13:37
French retail giant Carrefour is using blockchain technology to let consumers trace information about the source of its milk products. read more
 Access to Shoprite market allows entrepreneur to thrive

Access to Shoprite market allows entrepreneur to thrive

11/03/2019 - 11:02
Sammy Mhaule got his first taste of entrepreneurship as a 14-year-old when he sold ice cream on the streets of Tembisa. Today he supplies sparkling juice to Checkers Hyper in Gauteng and Checkers in the Free State, but the journey from ice cream peddler to business owner hasn't always been smooth sailing. read more
Former Clicks boss David Kneale joins Woolworths

Former Clicks boss David Kneale joins Woolworths

11/03/2019 - 10:06
Former Clicks CEO David Kneale, who helped the retail group break into the JSE’s top 40 index in 2018, has joined the Woolworths board.  read more
Shoprite Group builds up strength in tough year

Shoprite Group builds up strength in tough year

08/03/2019 - 15:36
2018 was a transformational year for the Group, whose interim results were affected by a number of factors. While the first half performance is below expectations it is not a reflection of the fundamental strength of the business. read more
Supermarkets are growing fresh produce in ‘pick your own’ aisles

Supermarkets are growing fresh produce in ‘pick your own’ aisles

07/03/2019 - 14:13
SUPERMARKETS are to start growing fresh produce in ‘pick your own’ aisles. read more
 How mall owners can beat the retail blues

How mall owners can beat the retail blues

07/03/2019 - 10:17
A decade ago, just about any developer or listed property fund that owned a mall or built a new one, no matter how big or small, was virtually assured of making a packet. Back then, retail was still the most sought-after investment subsector of the SA real estate market and shopping centres comfortably outperformed offices, warehouses and factories on the total return front. read more
These food prices will rise in coming months, Shoprite warns

These food prices will rise in coming months, Shoprite warns

06/03/2019 - 11:36
Amid all the other pressures in the economy, food inflation has been the one relatively happy place the past year. read more
Retail sales contract by 1.4%

Retail sales contract by 1.4%

06/03/2019 - 11:15
Retail sales for December 2018 contracted by 1.4% year on year, from a downwardly revised 2.9% year on year in November (previously 3.1%).  read more
South African independent retailers win big at international awards in USA

South African independent retailers win big at international awards in USA

06/03/2019 - 10:06
Two independent South African retailers have won the prestigious title of International Retailer of the Year (South Africa) at the 2019 IGA International Retailers of the Year awards.  read more
The retail apocalypse will claim 4,300 stores this year - Here's why mall giants aren't freaking out

The retail apocalypse will claim 4,300 stores this year - Here's why mall giants aren't freaking out

05/03/2019 - 14:19
More than 4,300 department stores are set to close this year as the retail apocalypse rips through Payless ShoeSource, Gymboree, JCPenney, Gap, Victoria's Secret, and Sears. But one Wall Street analyst says mall giants should easily weather these closures.  read more
Founder of Ted Baker fashion house quits over harassment claims

Founder of Ted Baker fashion house quits over harassment claims

05/03/2019 - 14:04
Ray Kelvin, the founder of British fashion brand Ted Baker, resigned as its CEO following allegations of harassment. read more
Analytics – giving retailers the edge and boosting sales

Analytics – giving retailers the edge and boosting sales

05/03/2019 - 13:51
With the buzz from Black Friday and the festive season now in the rear-view mirror, retailers are looking ahead to ensure the continuation of ‘traffic’ into malls, high streets, pop-up stores, websites, apps and other channels. Today’s retailer is anywhere, anytime, and they’re providing greater levels of personalisation with their services.  read more
3 Reasons why every retailer should consider Click & Collect

3 Reasons why every retailer should consider Click & Collect

05/03/2019 - 13:14
If you want to engage customers and drive foot traffic in your store, then an ecommerce presence is essential. It might sound counter-intuitive, but in this modern shopping environment, online and in-store work together, not against each other, to attract and retain customers. These days people are shopping online more than ever, so not having a digital storefront means you’re missing out on a lot of potential customers. read more
Mall of Africa to launch state-of-the-art Pick n Pay store

Mall of Africa to launch state-of-the-art Pick n Pay store

05/03/2019 - 10:39
Mall of Africa is excited to announce that a new Pick n Pay store will open at the centre in the third quarter of this year.  read more
P&G launches first new global retail hair care brand in four years

P&G launches first new global retail hair care brand in four years

05/03/2019 - 09:20
The Procter & Gamble Company announced the launch of its first new retail hair care brand globally in four years, inspired by and co-designed with women in Cape Town during the water crisis Capetonians experienced in early 2018.  read more
Edcon CEO says focus is now on fixing the business

Edcon CEO says focus is now on fixing the business

04/03/2019 - 10:02
The R2.7bn deal that clothing retailer Edcon reached with its banks, landlords and the Public Investment Corporation (PIC) will free it up to push through with its survival plan, says CEO Grant Pattison. read more
Retail barometer sheds light on festive season trade and new age of consumer culture

Retail barometer sheds light on festive season trade and new age of consumer culture

01/03/2019 - 14:24
Growth in trading density (sales per square metre) in 2018 at monitored shopping centres in South Africa and Namibia continued to improve after a lacklustre 2017, according to a retail property barometer.  read more
British American Tobacco full-year sales and profit rise

British American Tobacco full-year sales and profit rise

01/03/2019 - 09:47
British American Tobacco (BAT), the second-biggest international tobacco company, reported higher full-year adjusted sales and profit, helped by cigarette market share gains and growth in vaping devices.  read more
Harrods announces ecommerce partnership with Farfetch

Harrods announces ecommerce partnership with Farfetch

27/02/2019 - 09:13
Harrods has announced a partnership with Farfetch Black & White Solutions to offer a new and improved global ecommerce platform. read more
 Shoprite negotiating with Wiese-linked company on share deal

Shoprite negotiating with Wiese-linked company on share deal

27/02/2019 - 08:19
Shoprite Holdings is in exclusive talks with Thibault Square Financial Services – linked to billionaire Christo Wiese – over the acquisition, redemption and cancellation of deferred Shoprite shares held by Thibault. read more
Pick n Pay’s Smart Shopper programme expands with the launch of TymeBank

Pick n Pay’s Smart Shopper programme expands with the launch of TymeBank

26/02/2019 - 15:33
Shoppers can now earn bonus Pick n Pay Smart Shopper loyalty points everywhere they shop when paying with their TymeBank debit card. That means that not only will the first fully licensed digital bank in South Africa save shoppers time and money, but it will also reward them through Pick n Pay’s Smart Shopper loyalty programme.  read more
Shoprite shareholders to tighten belts

Shoprite shareholders to tighten belts

26/02/2019 - 15:11
Shoprite shareholders have had their interim dividend cut 24% as the grocery chain battles with losses from outside SA, and shrinking profit in its home market. read more
Analytics – giving retailers the edge and boosting sales

Analytics – giving retailers the edge and boosting sales

26/02/2019 - 09:57
With the buzz from Black Friday and the festive season now in the rear-view mirror, retailers are looking ahead to ensure the continuation of ‘traffic’ into malls, high streets, pop-up stores, websites, apps and other channels. Today’s retailer is anywhere, anytime, and they’re providing greater levels of personalisation with their services.  read more
No Hammerson payout as it tries to leave UK

No Hammerson payout as it tries to leave UK

26/02/2019 - 09:34
UK and Europe shopping centre owner Hammerson’s dividend will not grow over the next two years while the company, the fourth-largest property group on the JSE, sells more than R9bn worth of its weaker UK and Irish assets.  read more
Oh my goodness! Checkers forced to backtrack on Gordon Ramsay 'protein' water range claim

Oh my goodness! Checkers forced to backtrack on Gordon Ramsay 'protein' water range claim

26/02/2019 - 08:33
Oh my goodness! There is no protein in celebrity chef Gordon Ramsay's "Oh My Goodness!" water, as claimed by retailer Checkers. read more
British retailers plan least investment in seven years ahead of Brexit

British retailers plan least investment in seven years ahead of Brexit

25/02/2019 - 15:02
British retailers plan the least investment in seven years ahead of the country’s departure from the EU, and job cuts in the business sector have gathered pace, a major survey showed. read more
Retail fallout linked to need for innovation

Retail fallout linked to need for innovation

25/02/2019 - 12:13
Retailers across the world continue to face strong headwinds. They have suffered a sharp drop in business in recent years, with bankruptcy filings and store closings almost becoming commonplace.  read more
How SA’s retailers can boost sales with an omnichannel approach

How SA’s retailers can boost sales with an omnichannel approach

22/02/2019 - 13:59
It is no secret that local retailers are having a torrid time. The economy remains in the doldrums with investors and consumers spooked by debilitating load shedding, ongoing job cuts and a volatile political environment. Consumers naturally cut back on spending in uncertain times, and retailers are undoubtedly feeling the heat. read more
Woolworths CEO confident that right strategies are in place

Woolworths CEO confident that right strategies are in place

21/02/2019 - 13:44
Woolworths Holdings announced results for the 26 weeks ended 23 December 2018. read more
Woolworths raises R2 Million with One Small Spoon Christmas campaign

Woolworths raises R2 Million with One Small Spoon Christmas campaign

20/02/2019 - 14:06
Christmas is a distant memory already, but thanks to Woolies and their customers, meals will be given to those who need it most throughout 2019.  read more
TFG achieves eCommerce leadership with Oracle

TFG achieves eCommerce leadership with Oracle

19/02/2019 - 15:43
TFG (The Foschini Group), a South African retail group operating in thirty-two countries across five continents, has chosen Oracle to support its digital transformation strategy with the consolidation of twenty-two brands into one online marketplace. With close to 3000 stores, TFG migrated its brick-and-mortar offering to a hassle-free digital platform and now offers the myTFGworld.com online marketplace to its customers. read more
Shoprite replaces stolen computers at Khayelitsha school

Shoprite replaces stolen computers at Khayelitsha school

18/02/2019 - 19:28
Shoprite demonstrated its heart for the Khayelitsha community when it replaced the computers and equipment a local school lost in a recent burglary. read more
Bain's launches SA's oldest Single Grain Whisky in Travel Retail

Bain's launches SA's oldest Single Grain Whisky in Travel Retail

18/02/2019 - 18:32
Bain’s Cape Mountain Whisky, the proudly South African and internationally award-winning single grain whisky, has launched a limited edition 15-Year-Old Single Grain Whisky exclusive to Big5 Duty Free Cape Town International and OR Tambo International Airports, and The James Sedgwick Distillery in Wellington. read more
SA’s first digital bank goes live in 500 Pick n Pay, Boxer Stores

SA’s first digital bank goes live in 500 Pick n Pay, Boxer Stores

18/02/2019 - 14:22
TymeBank, South Africa’s first fully licensed digital bank, will go live in 500 Pick n Pay and Boxer stores next week in preparation for the formal launch later this month.  read more
Amazon drops plans to build New York City headquarters

Amazon drops plans to build New York City headquarters

16/02/2019 - 21:43
US e-commerce giant Amazon said it would not build a new headquarters in New York City due to opposition from "some state and local politicians," though most New Yorkers support its plan.  read more
Consumer spending rises in December 2018

Consumer spending rises in December 2018

16/02/2019 - 20:48
Consumer spend over the traditional holiday period in December reflected a year-on-year increase, according to BankservAfrica’s data which measured the value and volume of sales in December. read more
US retail sales post largest decrease since 2009

US retail sales post largest decrease since 2009

16/02/2019 - 20:38
US retail sales recorded their biggest drop in more than nine years in December as receipts fell across the board, suggesting a sharp slowdown in economic activity at the end of 2018. read more
Is Woolworths unravelling in Australia?

Is Woolworths unravelling in Australia?

15/02/2019 - 16:35
The sudden departure of two Australia-based nonexecutive directors of Woolworths has fuelled speculation that the troubled retailer will be forced to announce another huge write-down related to the R21bn acquisition of the David Jones department store. read more
Latest retail sales figures show disappointing trend

Latest retail sales figures show disappointing trend

15/02/2019 - 10:01
Available economic activity data has shown that the economy ended last year on a weaker footing, with December retail sales figures being the latest to disappoint, declining for the first time in nearly two years.  read more
Woolworths denies that it copied Superlatte products

Woolworths denies that it copied Superlatte products

14/02/2019 - 12:10
Woolworths has categorically denied allegations by Michelle Legge, who founded beverage company Superlatte in 2016, that the retailer has copied her product. read more
New market store opens through the Pick n Pay market store

New market store opens through the Pick n Pay market store

14/02/2019 - 11:51
The community of Thokoza welcomed the opening of Matlala Market and it will now offer customers greater variety, a fresh offering and money services under one roof and on their doorstep.  read more
Strike adds to Dis-Chem’s Christmas woes

Strike adds to Dis-Chem’s Christmas woes

14/02/2019 - 10:33
Dis-Chem’s Christmas sales have been hurt by a strike, the pharmacy chain warned in a trading update. read more
Mastercard Index: Love and pockets run deep in South Africa as Valentine’s Day spend soars

Mastercard Index: Love and pockets run deep in South Africa as Valentine’s Day spend soars

14/02/2019 - 10:07
According to the latest Mastercard Love Index, South Africans are willing to dig deeper into their pockets to spoil the ones they love on Valentine’s Day, splashing out on experiences like dining out and travel rather than on traditional gifts.  read more
Booze, drugs and DIY boost Spar in difficult economy

Booze, drugs and DIY boost Spar in difficult economy

13/02/2019 - 15:40
Robust liquor sales and the inclusion of the pharmaceutical distribution business it bought in 2018 year boosted grocery retailer Spar Group in the weeks leading up to Christmas. read more
How to save a sale with efficient warehouse operation

How to save a sale with efficient warehouse operation

13/02/2019 - 15:11
One of the biggest frustrations instore shoppers face is not being able to find products they’re looking for - whether they are sold out, hard to find or simply not practical to keep in stock. And customers hardly ever ask about them if they’re not. While these missed opportunities may seem inconsequential, they are starting to add up in this competitive retail environment where every sale counts.  read more
Co-op to roll-out franchise model

Co-op to roll-out franchise model

13/02/2019 - 14:40
The Co-op has confirmed that it is looking to develop a network of franchise stores following successful trials of the model. read more