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Truworths profit at nine-year low as profit plunges over 70%

Truworths profit at nine-year low as profit plunges over 70%

16/08/2019 - 11:52
Shares in Truworths slumped to a nine-year low on Friday morning after the fashion retailer reported a 74% slide in profits amid difficult trading environments in SA and the UK. read more
UnionPay cards - the largest card scheme in the world - now accepted at all Pick n Pay stores across SA

UnionPay cards - the largest card scheme in the world - now accepted at all Pick n Pay stores across SA

16/08/2019 - 11:11
UnionPay International (UPI) has announced significant progress in the South African retail payments market through their co-operation with Pick n Pay and Absa Bank. Through a tripartite co-operation agreement, Pick n Pay, a major food, clothing, and general merchandise retailer, is now enabled to accept UnionPay cards at all of its till points across its approximately 1,800 stores countrywide.  read more
With banana leaf lamps, H&M backs firms promising social change

With banana leaf lamps, H&M backs firms promising social change

15/08/2019 - 10:31
With lampshades made by Indian women and trays from East Africa, H&M said that it had become the latest retail giant to back businesses with a mission to do good, as pressure mounts to end throwaway consumerism.  read more
Kit Kat goes solar at Benoni Cash & Carry site

Kit Kat goes solar at Benoni Cash & Carry site

15/08/2019 - 09:11
In a bid to reduce its carbon footprint, mitigate load shedding and become less reliant on the national grid, the Kit Kat group has completed a solar power installation at its Benoni Cash & Carry store. read more
Choppies to exit SA market, chair to step down

Choppies to exit SA market, chair to step down

15/08/2019 - 09:03
Botswana-based grocery retailer, Choppies, has announced that it will be exiting the South African market, four years after expanding into the country. read more
Product mix boosts revenue of Denny owner Libstar

Product mix boosts revenue of Denny owner Libstar

13/08/2019 - 08:36
Consumer goods group Libstar said it managed solid volume growth for its core product offerings in the six months to end-June, but accounting changes will weigh somewhat on its interim headline earnings per share (Heps) growth.  read more
Retail boost could steer SA away from a recession

Retail boost could steer SA away from a recession

12/08/2019 - 12:37
A rebound in economic growth in the second quarter of the year will likely see SA avert its second recession in two years. read more
Mtuba Mall harnesses power of the sun

Mtuba Mall harnesses power of the sun

08/08/2019 - 11:32
With Eskom’s stability looking far from certain, businesses are searching for cheaper and more reliable alternatives to generate electricity.  read more
Tiffany & Co partners with Reliance Industries to bring jewellery to India

Tiffany & Co partners with Reliance Industries to bring jewellery to India

08/08/2019 - 11:21
Iconic American jeweller Tiffany & Co is partnering with Mukesh Ambani’s conglomerate to gain a foothold in the lucrative Indian market. read more
Nestlé and Starbucks tie-up heads to China

Nestlé and Starbucks tie-up heads to China

08/08/2019 - 09:31
Nestlé plans to introduce its first range of Starbucks-branded products in China, as part of a global tie-up that will help bolster the Swiss company’s proprietary Nespresso capsules in one of its fastest-growing markets. read more
Iconic store Barney's files for bankruptcy on rising rents

Iconic store Barney's files for bankruptcy on rising rents

07/08/2019 - 15:45
Barneys New York filed for bankruptcy protection from creditors and laid out plans to shutter most of its stores after getting squeezed by rising rents and fewer visitors to its luxury fashion boutiques. read more
Tesco to cut 4,500 jobs in Metro restructuring

Tesco to cut 4,500 jobs in Metro restructuring

06/08/2019 - 13:55
British supermarket chain Tesco is cutting about 4,500 jobs from its Metro stores to improve the efficiency of a format that is increasingly used by customers daily rather than for a traditional weekly shop. read more
#WomensMonth: Do women shop differently?

#WomensMonth: Do women shop differently?

06/08/2019 - 08:58
Is it outdated to believe women still shop differently to men? The clichés are men purchase for speed and women are more motivated by price, men are big online shoppers but women still like something tangible and prefer brick-and-mortar stores. While we celebrate Women’s Month in August, we look at how women are shopping whether it’s fair to say we’re moving into an age of gender-fluid purchasing.  read more
Hong Kong's June retail sales slide due to mass protests - government data shows

Hong Kong's June retail sales slide due to mass protests - government data shows

05/08/2019 - 09:18
Retail sales, a key part of Hong Kong’s economy, felt a growing impact in June from mass protests, government data shows.  read more
Amazon in talks to buy stake in India's Reliance Retail

Amazon in talks to buy stake in India's Reliance Retail

05/08/2019 - 09:02
Amazon.com is in talks with Reliance Industries’ retail unit to buy a stake in India’s biggest brick-and-mortar retailer, two sources with knowledge of the talks said.  read more
Shoprite basks in sales glory

Shoprite basks in sales glory

02/08/2019 - 10:19
The Shoprite Holdings share price surged more than 10 percent after Africa's biggest retailer reported a strong half performance in sales for the 52 weeks to end June, mainly driven by its core market, the Supermarkets RSA.  read more
Checkers' refurbished computers find a new home at local school

Checkers' refurbished computers find a new home at local school

02/08/2019 - 09:35
A new school in Brackenfell is benefiting from a donation of refurbished computers from Checkers and Just PCs.  read more
Shoprite is k’necting its tech-savvy customers

Shoprite is k’necting its tech-savvy customers

01/08/2019 - 11:19
The Shoprite Group is making it easier for its customers to access services such as global money transfers, cellphone purchases, bill payments, tickets and insurance with the launch of its new k’nect stores across the country.  read more
FreshStop at Caltex launches 'Cash Back' Rewards App

FreshStop at Caltex launches 'Cash Back' Rewards App

01/08/2019 - 11:11
FreshStop, the largest and fastest-growing convenience store retail brand in South Africa, has launched a Rewards App that enables customers to earn cash back simply by shopping at one of its more than 300 FreshStop at Caltex stores located around South Africa. read more
Woolworths writes down value of David Jones - again

Woolworths writes down value of David Jones - again

01/08/2019 - 09:25
Woolworths has once again reduced the valuation of struggling Australian department store chain David Jones, which has now more than halved in value in the five years since it was acquired. read more
Massmart profit severely hit by weak sales, losses

Massmart profit severely hit by weak sales, losses

01/08/2019 - 09:16
Massmart Holdings' share price declined by more than 17percent on the JSE after the group said it expected to report a decline in earnings across all of its four divisions for the six months to end June, mainly impacted by losses in Massdiscounters. read more
Pick n Pay appoints Lerena Olivier as new finance chief

Pick n Pay appoints Lerena Olivier as new finance chief

31/07/2019 - 14:40
Pick n Pay says finance executive Lerena Olivier will take over as CFO when Bakar Jakoet retires on September 6.  read more
Shoprite rallies, jumps most since 1997

Shoprite rallies, jumps most since 1997

31/07/2019 - 10:25
Shoprite rallied the most in 22 years after Africa's largest food retailer said second-half sales climbed as it took market share. read more
Ralph Lauren earnings beat estimates

Ralph Lauren earnings beat estimates

31/07/2019 - 10:17
Ralph Lauren reported better-than-expected quarterly revenue and profit on Tuesday, as its North America business benefited from a social media marketing blitz and the launch of new editions of its trademark Polo shirts. read more
Pick n Pay uses tech to add value for consumers

Pick n Pay uses tech to add value for consumers

30/07/2019 - 14:55
Technologies such as augmented reality, virtual reality, animation, and gaming can provide immersive experiences, giving brands an advantage in winning consumers' hearts and minds. read more
Pick n Pay to engage competition regulator over report on market dominance

Pick n Pay to engage competition regulator over report on market dominance

30/07/2019 - 14:22
Supermarket chain store Pick n Pay said on Tuesday that it would continue to engage South African competition regulators to address its concerns about the retailer's market dominance in shopping malls. read more
New Checkers concept stores target wealthier South Africans

New Checkers concept stores target wealthier South Africans

30/07/2019 - 09:31
Shoprite has published its operational update for the year ending 30 June 2019, detailing its financials and the new updates they are bringing to their stores. read more
KZN mall undergoes R200m refurbishment

KZN mall undergoes R200m refurbishment

29/07/2019 - 10:42
The renovated new Pine Crest was launched after an innovative R200m, 14-month multifaceted refurbishment by owners Vukile Property Fund.  read more
Top shops join Ballito mall

Top shops join Ballito mall

26/07/2019 - 14:30
Ballito Junction Regional Mall has announced that it will be adding new retail brands to its offerings. read more
Philip Morris expands its retail footprint with first SA store

Philip Morris expands its retail footprint with first SA store

26/07/2019 - 11:06
Philip Morris South Africa (PMSA), an affiliate of the leading international tobacco company Philip Morris International (PMI), opens its first IQOS flagship store in Sandton City, adding to its current retail footprint of 11 kiosks in leading malls across Gauteng, Western Cape, and Kwazulu-Natal.  read more
Amazon's push for one-day delivery dents profit as costs soar

Amazon's push for one-day delivery dents profit as costs soar

26/07/2019 - 10:16
Amazon.com reported its first profit miss in two years and said income would slump in the current quarter, as the online retailer ramps up spending to deliver goods faster and spark sales growth. read more
Hasbro to start making toys in Vietnam and India as US-China trade war goes on

Hasbro to start making toys in Vietnam and India as US-China trade war goes on

25/07/2019 - 10:35
Hasbro CFO Deborah Thomas says some retailers briefly paused direct import orders from manufacturing locations in the second quarter as they watched the trade situation. read more
Sainsbury's removes plastic bags for fruit and veg

Sainsbury's removes plastic bags for fruit and veg

24/07/2019 - 11:05
Sainsbury’s is continuing its drive to reduce plastic waste by trialling the removal of plastic bags for loose fruit and veg and encouraging customers to bring their own containers or purchase a reusable bag. read more
US retail sales rise as households spend more

US retail sales rise as households spend more

18/07/2019 - 14:16
US retail sales increased more than expected in June, pointing to strong consumer spending, which could help to blunt some of the hit on the economy from weak business investment. read more
Refinery celebrates diversity with new fashion campaign

Refinery celebrates diversity with new fashion campaign

18/07/2019 - 11:39
Local fashion retailer Refinery is set to make waves across the local industry with its new spring campaign which embraces diversity, encouraging others to be unashamedly, authentically themselves.  read more
Amazon offers $10 to Prime Day shoppers for access to their data

Amazon offers $10 to Prime Day shoppers for access to their data

18/07/2019 - 09:53
Amazon.com has a promotion for US shoppers on Prime Day, the 48-hour marketing blitz that started recently: earn $10 of credit if you let Amazon track the websites you visit. read more
Retail sales jump in May ahead of expected rate cuts

Retail sales jump in May ahead of expected rate cuts

18/07/2019 - 09:24
South Africa’s retail sales rose more than expected in May as sales of household goods, furniture and appliances expanded quickly, a hint that pressure on consumers was easing ahead of an expected lending rate cut that may further support spending. read more
Broll’s latest SA Retail Snapshot puts the spotlight on cashless payment systems and contactless connectivity

Broll’s latest SA Retail Snapshot puts the spotlight on cashless payment systems and contactless connectivity

17/07/2019 - 09:56
Shopper spending habits and how consumers purchase goods and services have changed significantly especially over the last few decades with the advent of cashless payment systems and contactless connectivity. read more
Burberry's new logo-strewn design is a surprise hit

Burberry's new logo-strewn design is a surprise hit

16/07/2019 - 14:49
Strong demand for designer Riccardo Tisci’s new fashion ranges helped revenue at British label Burberry grow faster than expected in the first quarter, sending its shares soaring as a high stakes overhaul showed early signs of promise. read more
Nintendo shares jump on imminent launch of Switch Lite

Nintendo shares jump on imminent launch of Switch Lite

16/07/2019 - 11:38
Shares in Japan’s Nintendo Co rose more than 4 percent last week after the company said it would soon launch Nintendo Switch Lite, a cheaper, handheld version of its hugely popular Switch games. read more
Footgear quick off the mark with acquisition of Edgars Active and High Key from Edcon

Footgear quick off the mark with acquisition of Edgars Active and High Key from Edcon

16/07/2019 - 10:19
Footgear – backed by Old Mutual Private Equity (OMPE) announced that it has acquired the Edgars Active and High Key chain stores, divisions of the Edcon Group, and leading retailers of branded sport and lifestyle footwear, clothing and accessories. The transaction remains subject to conditions precedent, including regulatory approvals.  read more
The Foschini Group - the notable exception in SA

The Foschini Group - the notable exception in SA

16/07/2019 - 08:23
The Investment Analyst Society recently presented an Analysts Masterclass with an emphasis on the retail and consumer goods sector of the JSE. Much insight was provided by veteran analysts Syd Vianello and Chris Gilmour, featured on the panel discussion. They unpacked several topics like the size and diversity of the sector, the impact of foreign players, consumer behaviour, and retail companies venturing offshore, and notably into Australia, often terminating these ventures in the graveyard. read more
Woolies, Anglo, Sappi stock in demand

Woolies, Anglo, Sappi stock in demand

15/07/2019 - 16:26
Woolworths Holdings' (Woolies') share price gained a solid 12.8 percent last week after it announced a turnaround at its fashion, beauty and home business this year. The group, one of many local retailers to struggle in Australia and which also trades in 11 countries in sub-Saharan Africa, still relies on its home market for 71 percent of operating profit.  read more
Cape Town vs Johannesburg- where are retailers really winning?

Cape Town vs Johannesburg- where are retailers really winning?

15/07/2019 - 16:11
New global research by Vend, a cloud-based retail software platform for independent retailers, has found that Cape Town independent stores enjoy average transaction values up to 49% higher than retailers in Johannesburg. read more
Constant sales promotions can harm retailers in the long run

Constant sales promotions can harm retailers in the long run

15/07/2019 - 10:24
Cash-strapped consumers have become addicted to sales promotions, and retailers worry whether they will get the right price for their products. read more
Walmart must hire someone who can stop the bleeding at its online business

Walmart must hire someone who can stop the bleeding at its online business

15/07/2019 - 09:55
Walmart has a hole to fill at its online unit, and whoever assumes the role faces a big challenge ahead. read more
Woolworths shares hit six-month high on solid sales growth

Woolworths shares hit six-month high on solid sales growth

11/07/2019 - 13:57
The retailer’s food business has bolstered results amid an upturn in the fashion, beauty and home segment. read more
Brait's struggling UK retailer New Look turning a corner

Brait's struggling UK retailer New Look turning a corner

11/07/2019 - 11:30
Investment holding company Brait says its UK high-street retailer New Look, which was largely responsible for the dismal performance it reported in June, is now better positioned to turn the corner. read more
Naspers's Superbalist eyes R1bn in annual private-label sales

Naspers's Superbalist eyes R1bn in annual private-label sales

11/07/2019 - 09:31
Superbalist, the SA online fashion retailer owned by Naspers, expects to generate more than R1bn in annual revenue from its private-label, or in-house products, within the next three years. read more
Hisense’s new B2B offering gains traction as business in Africa booms

Hisense’s new B2B offering gains traction as business in Africa booms

10/07/2019 - 10:54
Hisense, supplier of affordable and high-quality electronic goods, is rapidly gaining traction across the continent’s business-to-business market and is poised to become a significant player in Africa, where it is already a leader within the consumer goods category.  read more
Collaborative planning, forecasting, and replenishment in the retail supply chain

Collaborative planning, forecasting, and replenishment in the retail supply chain

10/07/2019 - 08:56
Grocery retailers often find themselves facing the challenges of overstocking, understocking, missed sales and expired stock. Collaborative planning, forecasting, and replenishment (CPFR) is a framework that has been developed to address these challenges.  read more
Aldi launches new Vegan brand

Aldi launches new Vegan brand

10/07/2019 - 08:30
The first product in the range is a high-protein quarter pounder burger which costs £1.99 for a pack of two. It is made with soya and pea protein and flavoured with smoked salt to give a chargrilled flavour. read more
PepsiCo's decision to sell smaller cans pays off

PepsiCo's decision to sell smaller cans pays off

10/07/2019 - 08:19
Beverage sales rise as new packaging strategy helps company attract more consumers. read more
Unilever's former chief moves on with plan to fix the world

Unilever's former chief moves on with plan to fix the world

05/07/2019 - 09:26
Paul Polman, the Dutchman who ran Unilever for almost a decade with a social slant, will push further in that direction now that he’s leaving - creating a group to help combat poverty and climate change. read more
Sky City Mall opens and there’s more to come this year

Sky City Mall opens and there’s more to come this year

04/07/2019 - 15:31
The R155 million first phase of the new Sky City Mall, catering for the residents of Waterval, Palm Ridge, and Kathlehong some 35km south east of Johannesburg in Gauteng’s Ekurhuleni Metro, is trading well since opening its doors to scores of shoppers on 18 April.  read more
Comparison tools lead the way for price transparency in e-commerce

Comparison tools lead the way for price transparency in e-commerce

04/07/2019 - 15:09
Online shopping has become increasingly popular amongst South African consumers. Convenience, competitive pricing, and a wide choice of products make online purchasing a no-brainer for tech-savvy shoppers, but retailers need to stay ahead of the curve when it comes to standing out against the competition. read more
JD Sports counters retail gloom with global expansion

JD Sports counters retail gloom with global expansion

04/07/2019 - 09:40
JD Sports, Britain’s biggest sportswear retailer, bucked retail sector gloom yet again, as it predicted full-year profit will meet expectations on strong sales from new stores and growing demand for gym wear by trendy youngsters. read more
SA retail 'squandering' sales growth - client experience expert

SA retail 'squandering' sales growth - client experience expert

04/07/2019 - 09:18
Local business leaders could be losing out on significant bottom-line gains for not paying attention to customer service. read more
Sainsbury's reports another decline in quarterly sales

Sainsbury's reports another decline in quarterly sales

04/07/2019 - 08:27
British supermarket group Sainsbury’s reported a third consecutive quarter of declining underlying sales, hurt by weak clothing and general merchandise markets. read more
Truworths falls 6% on JSE after restructure call

Truworths falls 6% on JSE after restructure call

03/07/2019 - 15:32
Truworths fell more than 6 percent on the JSE after it told investors that it had approached lenders to embark on steps to restructure the R801 million debt of its UK-based Office shoe brand, whose operational performance has continued to deteriorate. read more
Boots confirms plan to shut 200 stores

Boots confirms plan to shut 200 stores

02/07/2019 - 12:54
Boots has confirmed that it plans to close 200 stores over the next 18 months, equal to just under 10% of the health & beauty chain’s standalone outlets.  read more
With large chunk of debt looming, Truworths’s UK business seeks a workaround

With large chunk of debt looming, Truworths’s UK business seeks a workaround

02/07/2019 - 10:40
Truworths International says its UK subsidiary, Office, is considering a debt restructuring ahead of a hefty repayment due in late 2020. read more
Walmart aims to list minority stake in Japan unit Seiyu

Walmart aims to list minority stake in Japan unit Seiyu

01/07/2019 - 14:29
Walmart said it aims to list its Japanese supermarket unit Seiyu while keeping a majority stake in the business, amid on-and-off speculation the US retail giant was looking to exit Japan where it has struggled to grow. read more
Pick n Pay trials nude fruit and vegetable wall

Pick n Pay trials nude fruit and vegetable wall

01/07/2019 - 11:23
Pick n Pay has launched a ‘nude’ fruit and vegetable produce wall – a dedicated plastic and packaging-free zone in 13 stores across the country as part of a trial to measure customers’ readiness to switch from pre-packaged food to loose products.  read more
Inducing consumer paralysis: how retailers bury customers in an avalanche of choice

Inducing consumer paralysis: how retailers bury customers in an avalanche of choice

01/07/2019 - 10:35
Do you think you are paying more than you should for energy, banking, insurance, internet, and phone services? You are not alone, and you are probably right.  read more
Jack's Paint bucks the recessionary trend with new stores

Jack's Paint bucks the recessionary trend with new stores

28/06/2019 - 11:01
Tough economic conditions are encouraging more independent retailers to seek the protection of a strong franchise. That’s the experience of paint and hardware company Jack’s Paint, which has opened two stores in the past six months, bringing the number of outlets to just under 100. read more
German retailer Metro says €5.8bn takeover bid is too low

German retailer Metro says €5.8bn takeover bid is too low

27/06/2019 - 09:22
Metro said that an unsolicited offer by two prominent investors to take over the German retailer substantially undervalues it and advised shareholders to hold off on taking action until management comments further.  read more
How the Crazy Store manages to buck the retail trend

How the Crazy Store manages to buck the retail trend

27/06/2019 - 08:59
Walk into virtually any shopping mall in SA, and it seems you'll find a Crazy Store. From humble beginnings, the discount retailer has become a 374-chain - and counting. read more
Transforming the customer retail experience with future fit technology

Transforming the customer retail experience with future fit technology

26/06/2019 - 09:19
Although the South African retail sphere is currently hindered by a slow economy and weak consumer confidence, technology is presenting opportunities to radically transform the customer experience and boost bottom line sales.  read more
New Look losses mount as Brexit, rain keeps shoppers away

New Look losses mount as Brexit, rain keeps shoppers away

26/06/2019 - 09:03
British fashion chain New Look reported a bigger annual pretax loss, hurt by a large charge, while Brexit woes and rainy weather kept many shoppers out of its stores.  read more
Pick n Pay and FoodForward SA aim for 2 million meals with Mandela Day Food Drive

Pick n Pay and FoodForward SA aim for 2 million meals with Mandela Day Food Drive

25/06/2019 - 12:57
Pick n Pay and FoodForward SA have launched their third annual Mandela Day Food Drive and invite all South Africans to contribute towards the ambitious goal of collecting 500 tonnes of food – enough to produce two million meals. read more
Woolworths Beauty goes 100% vegan

Woolworths Beauty goes 100% vegan

25/06/2019 - 09:08
Woolworths is driving the vegan lifestyle into the mainstream in South Africa with its announcement that its WBeauty ranges are 100% vegan. This is in step with worldwide trends, where more and more consumers are turning to veganism, which excludes the consumption of all animal products and products with animal-derived ingredients, as a more ethical lifestyle that is gentler on the Earth.  read more
France's Carrefour takes steps to exit China with Suning.com deal

France's Carrefour takes steps to exit China with Suning.com deal

24/06/2019 - 15:02
Carrefour, Europe’s largest retailer, took a decisive step on Sunday towards a full exit of the Chinese market by selling a majority stake of its activities in the country to Suning.com. read more
Amazon's phenomenal brand value growth

Amazon's phenomenal brand value growth

24/06/2019 - 08:34
With little sign of a growth slowdown, Amazon has become the world’s most valuable brand, according to the 2019 BrandZ Top 100 Most Valuable Global Brands ranking.  read more
10 new rules of retail, according to a trend analyst

10 new rules of retail, according to a trend analyst

24/06/2019 - 08:24
From clothing rentals to shops on demand, retail trends are changing fast, says Dion Chang, trend analyst and founder of Flux Trends. read more
R600m retail boost on the cards for Port Elizabeth's Boardwalk Precinct

R600m retail boost on the cards for Port Elizabeth's Boardwalk Precinct

20/06/2019 - 13:50
Boardwalk Mall will include the latest shopping and leisure trends.  read more
Foodie experiment using legumes now a Pick n Pay listed business

Foodie experiment using legumes now a Pick n Pay listed business

20/06/2019 - 11:15
Plant-based eating is all the craze of late but two young ecopreneurs knew the potential four years ago when they developed a legume pasta in their home kitchen.  read more
Tesco says no timetable for 'finest' store launch

Tesco says no timetable for 'finest' store launch

20/06/2019 - 09:10
Tesco, Britains biggest retailer, said it is considering a trial of an upmarket convenience store under the 'Tesco finest' banner but has not disclosed when or where the pilot will be launched. read more
Carrefour franchisee to open first Ugandan store

Carrefour franchisee to open first Ugandan store

19/06/2019 - 09:13
Carrefour will open its first store in Uganda this year, expanding in the region after a successful launch in neighbouring Kenya, the Dubai-based operator of the French retailer’s outlets said. read more
Fashion house Chanel parades its independence as profits rise

Fashion house Chanel parades its independence as profits rise

18/06/2019 - 12:49
Luxury fashion group Chanel, whose star designer Karl Lagerfeld died in February, reported higher annual sales and profits and once again reaffirmed its independence, stating it was not for sale. read more
A Woolworths window display wins big in London

A Woolworths window display wins big in London

18/06/2019 - 11:34
A Woolworths window display that incorporated milk bottles and plastic hangers has snapped up a prestigious global award.  read more
Five things you need to know about the pharmaceutical industry

Five things you need to know about the pharmaceutical industry

14/06/2019 - 11:10
The pharmaceutical sector - both locally and globally - is following suite with general retail and going through uncertain times. More consumers are shopping the basics with baskets of necessities only. As CEO of the Shoprite Group, Pieter Engelbrecht, said in response to their interim results (which speak for the average South African), “In the external operating environment, economic conditions have left the group's core customer under significant financial pressure.” read more
British online fashion retailer Boohoo bucks subdued industry trend

British online fashion retailer Boohoo bucks subdued industry trend

13/06/2019 - 09:12
British online fashion group Boohoo bucked a tough retail market with robust sales growth in its latest quarter as its offer of cheap clothing, delivered quickly, chimed with shoppers. read more
Woolworths share price recovers on renewed optimism

Woolworths share price recovers on renewed optimism

13/06/2019 - 09:04
Shares in Woolworths have rebounded in recent weeks, thanks to a recovery in the sector and optimism that the worst may be over for the high-end retailer, whose foray into Australia has proven costly for investors. read more
Retail sales jump in April, giving hope of avoiding a recession

Retail sales jump in April, giving hope of avoiding a recession

12/06/2019 - 15:44
SA’s retail sales jumped 2.4% in April, led by clothing retailers, adding to hopes that a technical recession may be avoided in the second quarter. read more
All systems go for Atteridgeville R1.2bn Capital Mall

All systems go for Atteridgeville R1.2bn Capital Mall

10/06/2019 - 15:48
The much-anticipated R1.2 billion Capital Mall in Atteridgeville will go ahead despite efforts to halt its construction on the basis that it would “cannibalise” smaller shopping centres in the vicinity.  read more
Zimbabwe retailers forge ahead despite systemic constraints

Zimbabwe retailers forge ahead despite systemic constraints

10/06/2019 - 15:36
Zimbabwe’s biggest retail operator, OK Zimbabwe is revamping its outlets and plans to open more stores, riding on the back of a 37 percent revenue increase and limited exposure to foreign currency woes afflicting other operators and industries in the country. read more
More entrepreneurs making the migration to online

More entrepreneurs making the migration to online

10/06/2019 - 15:23
Naseema Adams has had enough. She has decided to close her women’s clothing store after four years. read more
Foschini, Clicks offering good returns

Foschini, Clicks offering good returns

10/06/2019 - 14:55
Prospects for retail sector companies on the JSE had withered this year in line with the slumping economy, but there were outliers, such as Foschini and Clicks, providing good returns for shareholders in the sector, analysts said. read more
Walmart worries that US tariffs will raise Mexican fresh produce prices

Walmart worries that US tariffs will raise Mexican fresh produce prices

10/06/2019 - 14:40
Walmart CEO Doug McMillon says the retailer is concerned that fresh produce prices would rise if tariffs are placed on imports from Mexico.  read more
Blockchain’s appeal is limited for retail banks

Blockchain’s appeal is limited for retail banks

10/06/2019 - 14:19
Retail banks have been slower to embrace blockchain technology and face greater challenges in reaping its potential benefits than their more adventurous counterparts in the investment-banking world, according to new research from McKinsey & Co. read more
Woolworths appoints former Alfred Dunhill CEO as a director

Woolworths appoints former Alfred Dunhill CEO as a director

10/06/2019 - 14:10
High-end retailer Woolworths has appointed Christopher Colfer, a former CEO of Richemont’s Alfred Dunhill business, as an independent non-executive director, with effect from July 1. read more
Steinhoff, Tongaat woes raise auditor scrutiny

Steinhoff, Tongaat woes raise auditor scrutiny

10/06/2019 - 13:57
Steinhoff's [JSE:SNH] financial scandal and sugar maker Tongaat Hulett’s [JSE:TON] admission it may need to restate results is spurring South African auditors to weigh tougher measures for the profession. read more
Sainsbury’s ditches plastic bags in fruit & veg and bakery aisles

Sainsbury’s ditches plastic bags in fruit & veg and bakery aisles

07/06/2019 - 14:21
Sainsbury’s has announced its latest moves to reduce the amount of plastic it uses. This includes the retailer removing the plastic bags in its stores used for loose fruit, vegetables, and bakery items. read more
Ackermans receives top nod in new kids category at 2019 Beeld Reader’s Choice Awards

Ackermans receives top nod in new kids category at 2019 Beeld Reader’s Choice Awards

07/06/2019 - 10:23
South Africa’s leading value retailer Ackermans has been announced as the Platinum winner in the Children’s Clothing Store category at the 2019 Beeld Reader’s Choice Awards. read more
Luxury group lifts shares on Vuitton's 'unheard of' China growth

Luxury group lifts shares on Vuitton's 'unheard of' China growth

06/06/2019 - 08:59
LVMH shares gained after the head of the Louis Vuitton brand gave a rosy view of its China business, easing concerns about the effects of a trade war with the US.  read more
Pick n Pay reduces its energy intensity by well over a third

Pick n Pay reduces its energy intensity by well over a third

05/06/2019 - 15:47
Since 2008 Pick n Pay has reduced its energy intensity per square metre by 36.9% through both improvements in technology and behavioural change. The group has also expanded its solar installations.  read more
Alibaba plans $20bn Hong Kong listing

Alibaba plans $20bn Hong Kong listing

05/06/2019 - 10:02
Alibaba is considering raising as much as $20bn through a listing in Hong Kong, people familiar with the matter say, lining up a second blockbuster deal following its 2014 record $25bn float in New York. read more
Waitrose trials refill and bring-your-own containers scheme to reduce waste

Waitrose trials refill and bring-your-own containers scheme to reduce waste

05/06/2019 - 09:17
Waitrose has launched a new scheme where customers will be able to fill up or refill their own containers with a range of products as part of its ambitions to reduce waste. read more
Retail display ideas to try in your store

Retail display ideas to try in your store

04/06/2019 - 10:16
Retail displays and visual merchandising are — and will always be — essential in driving attention and conversion in brick-and-mortar retail. Studies have shown that much of the information that human beings process comes through the sense of sight.  read more