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Retail trade sales up by 1.3% as appliances, clothing show growth - Stats SA

Retail trade sales up by 1.3% as appliances, clothing show growth - Stats SA

12/09/2018 - 16:25
Retail trade sales for July grew by 1.3% year-on-year in real terms - with appliances and clothing indicating significant growth, Stats SA. 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
Retail spending up in December on stronger rand, says Mastercard

Retail spending up in December on stronger rand, says Mastercard

12/02/2018 - 09:56
Retail spending grew 3.8% in December on the back of the stronger rand and lower inflation, according to Mastercard. read more
UK retail sales unexpectedly decline as inflation bites

UK retail sales unexpectedly decline as inflation bites

20/02/2017 - 09:39
London - UK retail sales unexpectedly fell for a third month in January, suggesting consumers are starting to feel the squeeze from accelerating inflation. read more
Truworths 26-week sales rise 21% but earnings drop marginally

Truworths 26-week sales rise 21% but earnings drop marginally

16/01/2017 - 08:29
On Thursday Truworths International reported a 21% rise in retail sales to R10.2bn for the 26-week period that ended on Christmas Day. read more
South African retail industry gears up for the holiday season

South African retail industry gears up for the holiday season

09/11/2016 - 09:46
Data released by Statistics South Africa in mid-September shows that the pace of retail sales growth eased in July, rising just 0.8% year-on-year (y-o-y). The July growth rate was well down on the 1.4% posted the previous month, though retail sales rose overall 2% y-o-y in the three months through to the end of July. read more
Gap to shut Banana Republic stores in Britain

Gap to shut Banana Republic stores in Britain

20/10/2016 - 10:40
NEW YORK: US apparel group Gap Inc. will close its Banana Republic stores in Britain as it streamlines its brick-and-mortar presence outside North America in response to weak sales. read more
Retail sales grow 0.2% year on year in August

Retail sales grow 0.2% year on year in August

20/10/2016 - 10:32
Retail sales growth slowed further in August, deepening the disappointing slowdown reported for July. read more
Retail, factory rebound show SA economy may be past worst

Retail, factory rebound show SA economy may be past worst

14/07/2016 - 09:01
Johannesburg - The South African economy’s contraction in the first quarter may have been the low point for the year, with consumer spending and factory production among indicators that have recovered in recent months. read more
Retail trade sales increase for October

Retail trade sales increase for October

10/12/2015 - 11:51
Cape Town - Despite depressed economic conditions, measured in real terms, retail trade sales increased by 3.3% year-on-year in October 2015, Statistics SA announced on Wednesday. read more
Mobile Consumers Prefer NFC Technology over Competing Alternatives - USA

Mobile Consumers Prefer NFC Technology over Competing Alternatives - USA

16/02/2015 - 12:54
Massachusetts – The NFC Forum and Strategy Analytics today unveiled the results of a comprehensive retail research report and web survey on mobile consumer engagement and purchases, revealing the needs and preferences of today's mobile-centric consumer.  read more
Retail sales to rise 4.1% in 2015 in biggest increase in five years - USA

Retail sales to rise 4.1% in 2015 in biggest increase in five years - USA

16/02/2015 - 09:51
Washington, D.C. - Retail sales (excluding automobiles, gas stations, and restaurants) will increase 4.1% in 2015, up from 3.5% in 2014, according to the National Retail Federation’s 2015 economic forecast.  read more
Retail sales hit 9-month high as consumers buy cheap

Retail sales hit 9-month high as consumers buy cheap

12/12/2014 - 08:44
Retail sales increased to a nine-month high in October supported by increased activity at general dealers and clothing and food retailers. read more
SA consumers losing control of their money

SA consumers losing control of their money

13/11/2014 - 11:38
About 73% of South African consumers did not feel in control of their financial situation in the third quarter of 2014, according to the MBD Consumer Financial Vulnerability Index released on Wednesday. read more
‘Pent-up demand’ following metals strike helps drive September retail sales

‘Pent-up demand’ following metals strike helps drive September retail sales

13/11/2014 - 11:33
Retail trade sales as measured in real terms (constant 2012 prices) increased by 2.3% year on year in September. read more
Growth in retail sales slows slightly in August

Growth in retail sales slows slightly in August

20/10/2014 - 11:54
Growth in retail trade sales slowed in August, reflecting weak consumer confidence and slower spending growth by households. read more
September retail sales show weakness - USA

September retail sales show weakness - USA

20/10/2014 - 11:49
Washington - September retail sales, excluding automobiles, gasoline stations and restaurants, decreased 0.1% seasonally adjusted month-to-month yet increased 4.6% unadjusted year-over-year. read more
Retail sales increase more than expected

Retail sales increase more than expected

18/09/2014 - 13:49
Retail sales rose a much more than expected 2.4% year on year in July after contracting by 0.9% in June, Statistics SA figures showed on Wednesday. read more
Retail sales flat at 0.0%

Retail sales flat at 0.0%

14/08/2014 - 10:36
Johannesburg - Retail sales were flat at 0.0% year-on-year in June, sharply undershooting market expectations and compared with a revised 2.6% expansion in May. read more
Tesco's annual profit slumps

Tesco's annual profit slumps

22/04/2014 - 10:54
London - Britain's biggest retailer Tesco said it saw no let up in sight as it posted a 6% fall in annual profit, its second straight year of decline, piling pressure on chief executive Phil Clarke. read more
Costco shines in March as other retailers muddle through, U.S.

Costco shines in March as other retailers muddle through, U.S.

14/04/2014 - 08:26
New York -- March was a so-so month for retailers, whose performance was impacted by unspring-like, cold temperatures in many parts of the country and a late Easter. (Easter falls on April 20 this year as opposed to March 31 last year.) read more
Survey: Payment card fraud rises in 2013, United States

Survey: Payment card fraud rises in 2013, United States

04/04/2014 - 09:24
Washington, D.C. -- Despite a slight decrease in corporate payments fraud and a heightened interest in security risks, 2013 saw an increase in fraud specific to credit and debit cards as criminals and their schemes became more sophisticated, according to the 2014 AFP Payments Fraud and Control Survey released by the Association for Financial Professionals (AFP). read more
Local market drives Namibia Breweries profit

Local market drives Namibia Breweries profit

27/03/2014 - 11:52
The local market drove Namibia Breweries Limited (NBL) profit after tax to reach N$170 million in the six months ended 31 December 2013 compared to N$121 million in the same period in 2012. Profit before tax was N$235 million compared to N$181 million for the same period in 2012. read more
Walgreens posts mixed results for Q2

Walgreens posts mixed results for Q2

26/03/2014 - 11:38
Deerfield, Ill - Walgreens on Tuesday reported a profit of $754 million for the second quarter, down from $756 million in the year-ago period, amid lower sales of generic drugs. The retailer also said it will close 76 locations in the second half, although it plans to increase its total store count by 55 to 75 by the end of the year.  read more
Dollar General Q4 disappoints; to open 700 new stores in 2014

Dollar General Q4 disappoints; to open 700 new stores in 2014

14/03/2014 - 09:24
Goodlettsville, Tenn. -- Dollar General on Thursday reported a 1.5% rise in fourth-quarter profits, below analysts’ estimates, as the retailer felt the impact of harsh winter weather, along with increased competition and low consumer confidence. The company also said it plans to open approximately 700 new stores in 2014.  read more
Walmart extends lead over Target in Kantar Retail’s price survey

Walmart extends lead over Target in Kantar Retail’s price survey

06/03/2014 - 14:39
Boston -- Walmart continues to extend its lead and again achieves its price leadership position over Target, in Kantar Retail’s semi-annual pricing study. Target’s overall grocery and consumables basket has been more expensive than Walmart’s since the study was performed in January 2011.  read more
Heineken sees 2014 sales advancing

Heineken sees 2014 sales advancing

06/03/2014 - 14:09
London - Heineken NV, the world’s third-biggest brewer, expects sales to advance this year after reporting a decline in 2013 profit amid weak consumption in central and eastern Europe.  read more
Ascendis Health announces half year results

Ascendis Health announces half year results

05/03/2014 - 12:34
04 March 2014 - JSE Ltd listed Ascendis Health announced their maiden results for half year ended 31st of December 2013. read more
Double digit turnover growth for Sandton City

Double digit turnover growth for Sandton City

04/03/2014 - 12:42
4 March 2014: Sandton City has again delivered outstanding performance results, with recently released figures pointing to a year-on-year turnover growth of 16% and welcoming in excess of 24.5 million visitors to the centre for 2013.  read more
Sears narrows Q4 loss as it cuts costs and inventory; sales drop 14%

Sears narrows Q4 loss as it cuts costs and inventory; sales drop 14%

28/02/2014 - 08:29
Hoffman Estates, Ill. - Sears Holdings Corp. narrowed its loss for the fourth quarter as it lowered expenses and reduced inventory.  read more
Best Buy swings to profit on cost cuts

Best Buy swings to profit on cost cuts

28/02/2014 - 07:59
During the fourth quarter, Best Buy reported net earnings of $311 million, a substantial improvement from its $460 million net loss a year earlier and above Wall Street projections. read more
Massmart financial results for the 53 weeks ended 29 December 2013

Massmart financial results for the 53 weeks ended 29 December 2013

27/02/2014 - 10:14
Massmart announced its full-year results for the 53 weeks ended 29 December 2013, reporting an increase in headline earnings of 29.9%, while operating profit grew 26%, boosted by the additional week’s sales and foreign exchange translation profit. Total sales increased 9.8% for the period, while comparable sales grew by 3.8%. read more
Tesco plans to reduce exposure to Turkey

Tesco plans to reduce exposure to Turkey

26/02/2014 - 09:26
London - British retailer Tesco, under pressure to turn around declining sales in its domestic market, is considering reducing its exposure to Turkey, the Financial Times reported on Friday read more
United States: Walgreens January sales grow 3.7%

United States: Walgreens January sales grow 3.7%

25/02/2014 - 10:37
Deerfield Park, Ill. - Walgreens had January 2014 sales of $6.39 billion, an increase of 3.7% from $6.17 billion for the same month in fiscal 2013. Same-store sales grew 2.9%. read more
Sony sells 5 million new PlayStations4

Sony sells 5 million new PlayStations4

19/02/2014 - 12:54
Tokyo - Japan's Sony said on Tuesday that it had sold more than 5.3 million PlayStation 4 consoles three months after its release, as the firm battles Microsoft and Nintendo in the lucrative games sector. read more
Woolworths reports strong results, highlighting success of the Group’s strategic focus

Woolworths reports strong results, highlighting success of the Group’s strategic focus

13/02/2014 - 12:03
Woolworths today announced strong results for the 26 weeks ended 29 December 2013, reporting a 16.0% increase in revenue and a 21.1% improvement in profit before tax.  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
TargetExpress format in works

TargetExpress format in works

20/01/2014 - 11:52
New York - Target Corp. has signed a lease to open a 20,000-sq.-ft. location in Minneapolis that will serve as a test of a new format called TargetExpress, the New York Times reported.  read more
Retail shares hit by weak sales

Retail shares hit by weak sales

20/01/2014 - 11:22
Johannesburg - Shares in retailers Shoprite and Truworths fell on Friday after their latest sales figures disappointed investors, rekindling concerns about the prospects for some of Johannesburg's most expensive stocks. read more
Two senators ask Target CEO for more information on data breach

Two senators ask Target CEO for more information on data breach

15/01/2014 - 08:58
Washington, D.C. -- Two U.S. senators have written to Target CEO Gregg Steinhafel seeking "detailed information'' on the data breach that occurred during the holiday shopping season, Reuters reported. read more
Target cuts outlook; discloses wider data breach

Target cuts outlook; discloses wider data breach

13/01/2014 - 09:42
Minneapolis -- Target Corp. last week cut its profit forecast on the heels of disappointing fourth quarter same-store sales. The retailer also disclosed that its previously announced data breach involved many more people was much wider than it initially thought.  read more
Target data breach may affect 40 million customers

Target data breach may affect 40 million customers

20/12/2013 - 07:40
Minneapolis – Target confirmed that it suffered a major data breach that may have affected as many as 40 million credit and debit card transactions at Target stores between Nov. 27 and Dec. 15. The retailer said the information included customer name, credit or debit card number, and the card’s expiration date and CVV (the three-digit security code). read more
November retail sales top estimates, United States:

November retail sales top estimates, United States:

13/12/2013 - 08:15
Washington, D.C. – Retail sales in November increased a better-than-expected 0.7% seasonally-adjusted month-to-month, according to the U.S. Commerce Department. (The figure includes categories such as automobiles, gasoline stations, and restaurants.) Analysts were expecting sales to rise 0.6% in last month. The latest retail sales numbers were 4.7% above November 2012 numbers.  read more
ShopperTrak: Store traffic up 2.8% on Thanksgiving and Black Friday, United States

ShopperTrak: Store traffic up 2.8% on Thanksgiving and Black Friday, United States

03/12/2013 - 09:23
Chicago -- Shoppers visited more stores and spent more money across the days of Thanksgiving Day and Black Friday (Nov. 28 and 29) than they did last year, according to ShopperTrak. read more
Target profit falls 46% on Canadian costs; trims full-year forecast

Target profit falls 46% on Canadian costs; trims full-year forecast

22/11/2013 - 10:20
Minneapolis -- Target Corp.'s third-quarter net income fell 47%, hurt by costs related to its Canadian expansion. Its adjusted profit beat analysts' estimates, but sales fell short. The retailer lowered its full-year adjusted earnings forecast. read more
Walmart warns of flat festive sales

Walmart warns of flat festive sales

18/11/2013 - 10:53
Washington - Walmart reported on Thursday a 2.8% year-on-year rise in third-quarter net profit, but warned that sales during the crucial holiday shopping season are expected to be "relatively flat." read more
Macy’s Herald Square’s unveils revamped beauty department

Macy’s Herald Square’s unveils revamped beauty department

18/11/2013 - 09:51
New York -- Macy’s Herald Square store has taken the wraps off a dramatic makeover of its beauty and fragrances department. Re-fashioned within a brand-new 24,000-sq.-ft. space, the new department includes brand new counters, shops and bars for brows, blow-outs and nails. read more
SA retail sales growth at 0.2%

SA retail sales growth at 0.2%

14/11/2013 - 11:07
Johannesburg - Retail sales grew at a sluggish 0.2% in September compared with the same month last year, after expanding by a revised 3.2% in August, Statistics South Africa said on Wednesday. read more
Mr Price earnings jump 22%

Mr Price earnings jump 22%

13/11/2013 - 14:36
Johannesburg - Retailer Mr Price on Tuesday posted interim earnings growth of 22% because of sales growth and said it plans to open over 40 stores in the second half of the year. read more
African business boosts Shoprite sales

African business boosts Shoprite sales

05/11/2013 - 08:42
Johannesburg -Shoprite [JSE:SHP] reported a 10% rise in July-September sales on Monday, helped by a strong showing at its sub-Saharan stores outside its struggling home market. read more
Mr Price shares hit record amid slump

Mr Price shares hit record amid slump

29/10/2013 - 08:28
Mr Price Group Ltd. advanced to a record high after the South African clothing and furniture retailer said earnings climbed 18 to 22 percent even as household budgets tightened. read more
Walmart accelerating U.S. small store growth; upping tech investments

Walmart accelerating U.S. small store growth; upping tech investments

17/10/2013 - 11:18
Bentonville, Ark. - Wal-Mart Stores detailed a number of moves, including opening smaller stores in the United States, cutting back on overseas growth and increasing its investments in technology and e-commerce, on the occasion of the company’s 20th annual investor meeting. read more
IBM revenue hit by emerging market sales

IBM revenue hit by emerging market sales

17/10/2013 - 11:14
IBM reported a 4 percent drop in third-quarter revenue, worse than expected by Wall Street, amid a decline in hardware and emerging markets even as it beat earnings estimates. read more
East Africa Breweries Limited posts 6% annual sales increase

East Africa Breweries Limited posts 6% annual sales increase

10/10/2013 - 11:27
East African Breweries Limited (EABL) in August said it posted “good results” in the year to June despite tough operating conditions in markets such as Uganda and Tanzania.  read more
BlackBerry reports $965 million loss

BlackBerry reports $965 million loss

30/09/2013 - 13:19
On Friday, struggling mobile handset maker BlackBerry reported a loss of $965 million, or $1.84 per share diluted, for the three months ended August 2013, compared with a prior loss of $235 million. read more
Edgars Stores Limited after-tax profit up 17 percent, Zimbabwe

Edgars Stores Limited after-tax profit up 17 percent, Zimbabwe

27/09/2013 - 13:00
Edgars Stores Limited after-tax profit for the 26 weeks ended July 6 was up 17% to $1,1 million, buoyed by growth in revenue.  read more
 Consumers spark retailer price war

Consumers spark retailer price war

27/09/2013 - 11:46
Cape Town - With consumers buckling under rising food, fuel and electricity prices, the gloves have come off as supermarkets go to war for their share of an already tough market.  read more
Business leaders hail census results; Kenya’s population grows

Business leaders hail census results; Kenya’s population grows

26/09/2013 - 11:10
The business community has welcomed the release of the census results earlier this month saying they will help them plan their business operations.  read more
Deloitte: U.S. holiday sales to rise 4% to 4.5%

Deloitte: U.S. holiday sales to rise 4% to 4.5%

24/09/2013 - 11:12
New York -- Holiday sales are expected to climb to between $963 and $967 billion, representing a 4% to 4.5% increase in November through January holiday sales (excluding motor vehicles and gasoline) this year from last year’s season, according to the new Deloitte holiday sales forecast. The growth rate is on par with last year's 4.5% gain. read more
Namibians continue to love their beer

Namibians continue to love their beer

23/09/2013 - 10:47
Namibians have continued to love the beer bottle with Namibia Breweries Limited (NBL) announcing that overall beer sales volumes on the local market grew at double digits, delivering a 12% growth in the year ended 30 June compared to the previous year.  read more
SA July retail sales growth quickens to 2.8%

SA July retail sales growth quickens to 2.8%

19/09/2013 - 10:35
Johannesburg - South Africa's retail sales grew 2.8 percent year-on-year in July, far below forecasts, but higher than the revised 1.4 percent recorded in June, Statistics South Africa said on Wednesday.  read more
United States: Saks Off 5th plans seven new stores

United States: Saks Off 5th plans seven new stores

19/09/2013 - 10:24
New York – Saks Inc. plans to open seven new Saks Fifth Avenue Off 5th stores in 2014: The Outlets at Bloomfield in Pearl, Miss.; Potomac Mills in Woodbridge, Va.; Palm Beach Outlets in West Palm Beach, Fla; Outlet Shoppes at Louisville/Lexington, Ky.; Twin Cities of Eagan in Minneapolis, Minn.; The Mayfair Collection in Mayfair, Wis.; and Easton Gateway in Columbus, Ohio.  read more
Truworths shares falls on sales drop

Truworths shares falls on sales drop

19/09/2013 - 09:57
Johannesburg - Truworths International Ltd., South Africa’s largest listed clothing retailer, fell the most in three weeks on concern that lending growth is slowing and as monthly retail sales in the continent’s biggest economy shrank. read more
Prada: China is performing well

Prada: China is performing well

18/09/2013 - 15:33
Milan - Prada is seeing green shoots in Europe and feels confident about China, its biggest market, even though sales slowed in the first half, the luxury Italian fashion house said on Tuesday. read more
Massmart leads retail rally

Massmart leads retail rally

16/09/2013 - 11:52
Johannesburg - Massmart Holdings Inc., the South African supermarket chain owned by Wal-Mart Stores Inc., is leading the country’s index of retailers as it heads for the longest winning streak in nine months. read more
Uchumi Supermarkets full year profit up 30 per cent

Uchumi Supermarkets full year profit up 30 per cent

05/09/2013 - 09:06
Listed retailer Uchumi Supermarkets has reported a 30.3 per cent rise in full year profit to Sh373.01 million from Sh273.98 million last year. read more
Uchumi plans to list in Uganda, Tanzania, Rwanda

Uchumi plans to list in Uganda, Tanzania, Rwanda

03/09/2013 - 07:52
Grocery firm Uchumi Supermarkets at the weekend said it plans to list in Uganda, Tanzania and Rwanda bourses in the near future.  read more
TFG comments on current trading conditions

TFG comments on current trading conditions

02/09/2013 - 13:57
TFG (The Foschini Group) produced its highest ever profits in the past year and continued to gain market share, despite the difficult consumer environment, Doug Murray, CEO of TFG (The Foschini Group Limited), told the 76th Annual General Meeting in Parow today (September 2).  read more
Cashbuild plans new stores as sales grow

Cashbuild plans new stores as sales grow

02/09/2013 - 08:47
Johannesburg - Despite the competitive environment and constrained consumer spending, building material retailer Cashbuild plans to add more than 10 stores in the next financial year.  read more
Booze ad ban will hurt, warns Sacci

Booze ad ban will hurt, warns Sacci

27/08/2013 - 09:49
Johannesburg - Restricting marketing on liquor will have a negative affect on the industry and the economy, the SA Chamber of Commerce and Industry (Sacci) said on Monday.  read more
Botswana: Retail ops power Sefalana to "best ever results"

Botswana: Retail ops power Sefalana to "best ever results"

26/08/2013 - 10:22
Sefalana Holdings' retail operations swam against the tide of government spending cuts and lower consumer confidence to power the group to its "best ever" financial results, with management ebullient on the 35 percent jump in pre-tax profits to P147 million. read more
Sears Q2 loss widens amid weakening sales and loyalty programme discounts

Sears Q2 loss widens amid weakening sales and loyalty programme discounts

23/08/2013 - 08:23
Hoffman Estates, Ill. -- Sears Holdings’ second-quarter loss widened as the company was challenged with store closings, weak sales and deep discounts. Its performance was also impacted by the lingering effects from its spinoff of its Hometown and Outlet Stores banner.  read more
Massmart Financial Results for the 26 weeks ended 23 June 2013

Massmart Financial Results for the 26 weeks ended 23 June 2013

22/08/2013 - 07:54
Key highlights - Total sales up 8.9% (R32,369m); 2012: (R29,717m) - Comparable sales up 5.5% - African operations sales up 10.7% - 146 cents dividend per share; 2012: 146 cents  read more
Shoprite expands with 171 new stores

Shoprite expands with 171 new stores

21/08/2013 - 10:33
Johannesburg - Shoprite Holdings [JSE:SHP], the largest retailer in Africa, said on Tuesday it plans to open 171 new stores by June 2014, including 47 outside its home market.  read more
Walmart unit boosted by currency impact

Walmart unit boosted by currency impact

16/08/2013 - 08:03
Johannesburg - Massmart Holdings, the South African unit of Walmart Stores, said on Tuesday its first-half earnings rose by as much as 57%, lifted by favourable exchange rates. read more
Latest retail data reveal furniture sector in decline as sales disappoint

Latest retail data reveal furniture sector in decline as sales disappoint

07/08/2013 - 09:08
According to recent retail data from Statistics SA, the furniture sector was the only decliner in May, suggesting that Ellerines is not the only furniture retailer in trouble. Furniture sales were down 2.5 percent that month. read more
United States: Survey: Retailers cautiously optimistic for 2013 holiday

United States: Survey: Retailers cautiously optimistic for 2013 holiday

02/08/2013 - 08:15
San Jose, Calif. -- Retailers are cautiously optimistic about the 2013 holiday season, with 60% forecasting revenue growth in excess of 10%, in line with industry forecasts, according to a survey by Baynote, a provider of personalized customer experience solutions. read more
Whole Foods Q3 net up 21%; 94 leases in pipeline

Whole Foods Q3 net up 21%; 94 leases in pipeline

01/08/2013 - 12:22
Austin, Texas -- Whole Foods Market reported that its net income in the third quarter increased 21% to $142 million, better than analysts had expected. The company also sounded a bullish note about expansion. read more
OK Zimbabwe sales up 5,1 percent

OK Zimbabwe sales up 5,1 percent

31/07/2013 - 11:33
Zimbabwe Stock Exchange (ZSE)-listed retail group OK Zimbabwe Limited has recorded a 5,1% increase in revenue to $123,1 million for the three months ending June 30, 2013, driven by cost-cutting measures and branch network expansion. read more
Truworths: Profit forecast hurts share price

Truworths: Profit forecast hurts share price

29/07/2013 - 09:14
Shares of Truworths tumbled more than 7 percent yesterday after the retailer warned profit growth would miss expectations, as debt-laden customers slowed their spending.  read more
 Woolworths rallies as sales climb

Woolworths rallies as sales climb

29/07/2013 - 08:40
Johannesburg - Woolworths Holdings gained the most in a week after reporting an acceleration in full-year sales. read more
Unilever cautious on emerging markets

Unilever cautious on emerging markets

29/07/2013 - 08:18
London - Unilever has become more cautious about prospects for emerging markets, a big growth driver for the consumer goods company, which reported underlying second-quarter sales growth shy of market expectations. read more
Carrefour Q2 2013 results, Preparing for life as a healthy #2 in the market, rather than an ailing #1

Carrefour Q2 2013 results, Preparing for life as a healthy #2 in the market, rather than an ailing #1

25/07/2013 - 15:17
On Carrefour’s second-quarter results, Gildas Aitamer, Retail Analyst at Planet Retail, commented:  read more
UK: Sports mania hindering sales, John Lewis

UK: Sports mania hindering sales, John Lewis

22/07/2013 - 10:51
London - John Lewis, Britain's biggest department store firm, has blamed Andy Murray's Wimbledon triumph, the first Ashes test in cricket and a heat wave for keeping shoppers out of its stores last week.  read more
Rise in retail sales seen as a quirk

Rise in retail sales seen as a quirk

19/07/2013 - 07:59
Retail sales shot up in May after April’s growth was the lowest since 2009, but analysts cautioned yesterday that the growth was not sustainable in light of the realities of strikes and sluggish gross domestic product growth. read more
Shoprite misses sales target

Shoprite misses sales target

17/07/2013 - 08:59
Johannesburg - Africa's biggest grocer Shoprite [JSE:SHP] Holdings missed estimates with a 12.1% rise in full-year sales, reflecting a slowdown in spending that sent its shares sharply down on the Johannesburg bourse on Tuesday. read more
Microsoft slashes tablet price

Microsoft slashes tablet price

17/07/2013 - 08:54
Microsoft is cutting the price of its Surface RT tablet by as much as 30 percent as the device struggles to lure customers.  read more
Massmart sales growth slows

Massmart sales growth slows

12/07/2013 - 10:12
Johannesburg - Massmart, South Africa’s biggest food and goods wholesaler, said sales growth slowed during the first half of the year amid a downturn in consumer spending. read more
Walgreens sales up 2.5% in June

Walgreens sales up 2.5% in June

08/07/2013 - 08:45
Deerfield, Ill. -- Walgreens on Wednesday reported June sales of $5.79 billion, an increase of 2.5% from the year-ago period.  read more
'Tesco turnaround could take 3 years'

'Tesco turnaround could take 3 years'

03/07/2013 - 12:10
London - A former chairman of Tesco, the world's No.3 retailer, said that restoring the store group's fortunes could take up to three years and appealed to investors to give Chief Executive Phil Clarke sufficient time. read more
Samsung slumps as earnings forecast weakens

Samsung slumps as earnings forecast weakens

26/06/2013 - 09:58
Shares in Samsung Electronics Co Ltd slumped 3 percent to nine-month lows on Wednesday, as investors braced for weaker-than-expected earnings from the smartphone maker for the April-to-June period.  read more
US: Deloitte Consumer Spending Index rises in May

US: Deloitte Consumer Spending Index rises in May

18/06/2013 - 08:10
New York – Improvements in real home prices, initial unemployment claims and real wages drove an increase in the Deloitte Consumer Spending Index last month.  read more
Pick n Pay's Zim rival raises revenue

Pick n Pay's Zim rival raises revenue

14/06/2013 - 09:05
Harare – Zimbabwe’s leading grocer OK Zimbabwe, whose revenues for the year to March 31 surged 16.3% to US$479.6m, is planning to open two new stores and modernise five others during the current year. read more
Sainsbury maintains growth record as grocer outpaces rivals

Sainsbury maintains growth record as grocer outpaces rivals

12/06/2013 - 14:06
J Sainsbury Plc (SBRY), the U.K.’s third-largest supermarket chain, reported a 34th successive quarter of same-store sales growth as the grocer increased its share of the market while its main competitors all lost ground.  read more
Sears Hometown Q1 profit falls 27%

Sears Hometown Q1 profit falls 27%

10/06/2013 - 09:38
Hoffman Estates, Ill. -- Sears Hometown and Outlet Stores Inc. reported a 27% drop in first-quarter earnings amid a cool spring throughout much of the country and rising costs. But the company, a spinoff from Sears Holdings Corp., pointed to improving signs in late spring. read more
Dollar General cuts profit forecast despite strong quarter

Dollar General cuts profit forecast despite strong quarter

05/06/2013 - 08:25
Goodlettsville, Tenn. -- Dollar General reported record net income and sales during for the first quarter, but still reduced the top end of its profit forecast due to moderating same-store sales.  read more
Walmart launches fresh produce initiative

Walmart launches fresh produce initiative

05/06/2013 - 08:17
Bentonville, Ark. – Wal-Mart is launching an initiative to increase the amount of fresh produce on its shelves. The effort includes buying produce directly from growers for immediate shipment to stores, performing independent weekly fresh produce checks at stores and providing fresh produce training for associates.  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
Tesco quarterly sales expected to decline

Tesco quarterly sales expected to decline

04/06/2013 - 08:09
London - Britain's biggest retailer, Tesco , is expected to slip back to an underlying sales decline when it publishes first-quarter trading figures on Wednesday, raising doubts about a costly recovery plan for its home market. read more
Foschini’s profits increase

Foschini’s profits increase

03/06/2013 - 09:39
Johannesburg - The Foschini Group, South Africa's No.3 listed clothing retailer, missed estimates with an 11 percent rise in full-year profit as debt-laden consumers cut back on spending. read more