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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
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
Steinhoff says restructuring exercise complete

Steinhoff says restructuring exercise complete

14/08/2019 - 12:15
International retailer Steinhoff said its subsidiaries Steinhoff Europe AG (SEAG) and Steinhoff Finance Holding GmbH (SFHG) had successfully completed the implementation of an exercise which restructured their financial indebtedness and changed the group's European corporate holding structure. 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
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
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
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
Shoprite’s shares leap 15% on Tuesday despite lower earnings

Shoprite’s shares leap 15% on Tuesday despite lower earnings

30/07/2019 - 09:56
Grocery retailer Shoprite, whose chains include Checkers and OK Furniture, says earnings declined by up to a fifth in the year to June because of trading losses in the rest of Africa and higher costs in SA.  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
Shoprite fights crime to keep customers and staff safe

Shoprite fights crime to keep customers and staff safe

24/07/2019 - 16:14
The Shoprite Group is fighting crime by investing heavily in sophisticated security and other measures to make its shopping space secure, reduce the number of criminal incidents and increase the number of arrests.  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
JIT is key to optimising the FMCG supply chain

JIT is key to optimising the FMCG supply chain

23/07/2019 - 19:12
The ability to manufacture ‘just enough’ stock to cover orders and deliver ‘just enough’ product to every retailer is the optimal supply chain scenario in the Fast-Moving Consumer Goods (FMCG) industry. This is known as Just in Time (JIT) manufacturing and delivery. read more
Shoprite Group’s employees plant a sustainable garden for Bedfordview's elderly on Mandela Day

Shoprite Group’s employees plant a sustainable garden for Bedfordview's elderly on Mandela Day

22/07/2019 - 08:49
On Mandela Day, the Checkers Gauteng Division along with Johannesburg mayor, Herman Mashaba, planted a food garden for the elderly people of De Wetshof Old Age Home in Bedfordview. 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
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
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
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
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
Unemployed KwaMashu matriculants' garden project bears much fruit

Unemployed KwaMashu matriculants' garden project bears much fruit

11/07/2019 - 10:29
“We believe that by cultivating the soil we can uplift our community," says Sabelo Mdlalosi, a founding member of the Iqabungelihle garden project in Kwamashu near Durba read more
Steinhoff CFO to step down

Steinhoff CFO to step down

08/07/2019 - 09:29
Finance boss Philip Dieperink will be replaced by operations director Theodore de Klerk. 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
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
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
Dis-Chem profit margins down, so is executive pay

Dis-Chem profit margins down, so is executive pay

01/07/2019 - 10:22
Dis-Chem Pharmacies has paid its chief executive Ivan Saltzman a total remuneration package of R12.84million for the year to end-February, declining by 21.87 percent compared with R16.43m in 2018, with the group stating profit targets were not met during the year. 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
Amazon launches new in-store pickup option with Rite Aid as first partner

Amazon launches new in-store pickup option with Rite Aid as first partner

28/06/2019 - 10:14
Amazon.com has steadily added options for customers to receive their packages including in car trunks, inside home garages and potentially by drone.  read more
Woolworths partners with Government to launch their first intake from the YES youth initiative programme

Woolworths partners with Government to launch their first intake from the YES youth initiative programme

28/06/2019 - 09:21
Woolworths is pleased to announce the official launch of its first intake of candidates from the Youth Employment Services (YES) programme, a government-led partnership with business, labour and civil society which aims to empower one million young South Africans by offering paid, quality work experience.  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
Pick n Pay's surprise clothing dash leaves local shopper smiling all the way to the bank

Pick n Pay's surprise clothing dash leaves local shopper smiling all the way to the bank

26/06/2019 - 14:42
Whatever clothing you can put on in 52 seconds is free. This was the challenge put to Arisha Soodhin yesterday, 25 June 2019, when she was shopping with her mom in the Pick n Pay Pavilion Clothing Store in Westville, KwaZulu-Natal.  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
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
Pick n Pay's Fresh Living magazine now available in Braille

Pick n Pay's Fresh Living magazine now available in Braille

19/06/2019 - 09:59
Pick n Pay’s Fresh Living magazine is now available in Braille, making it the first supermarket in South Africa to offer this to its customers.  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
H&M’s sales growth fails to ease investors concerns about margin pressure

H&M’s sales growth fails to ease investors concerns about margin pressure

18/06/2019 - 15:41
Fashion retailer H&M reported sales grew for a fourth straight quarter, but also hinted it had needed to invest more to boost its online business, disappointing investors already concerned about margin pressure. 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
Shoprite opens its first distribution centre in Botswana

Shoprite opens its first distribution centre in Botswana

13/06/2019 - 09:40
Shoprite Botswana recently opened its own world-class distribution centre (DC) in Taung, Gaborone. 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
Shoprite Group takes on youth upskilling

Shoprite Group takes on youth upskilling

11/06/2019 - 10:22
Recognising the sacrifices South Africa’s youth continue to make to improve their education, even as youth unemployment reaches 55.2%, the Shoprite Group continues to upskill thousands of people every year.  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
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
Pick n Pay's Richard Brasher earned R32m in year to March

Pick n Pay's Richard Brasher earned R32m in year to March

10/06/2019 - 13:09
Pick n Pay CEO Richard Brasher, the former head of Tesco in the UK who is credited with turning around the SA grocery retailer since joining in 2013, was paid R32m for the group’s 2019 financial year. 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
Pick n Pay commits to monthly beach clean-ups

Pick n Pay commits to monthly beach clean-ups

06/06/2019 - 11:50
Pick n Pay has launched monthly People n Planet Beach Clean-Ups which will see the retailer partner with local organisations across the country to drive public awareness for plastic waste and action for responsible disposal.  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
Mr Price rethinks international strategy after leaving Australia

Mr Price rethinks international strategy after leaving Australia

03/06/2019 - 13:52
Mr Price Group’s new CEO wants the retailer to take a new approach to offshore growth after the group pulled the plug on its fledgling Australian business and as it considers doing the same in Poland. read more
La Lucia Mall given major make-over

La Lucia Mall given major make-over

03/06/2019 - 09:57
La Lucia Mall is undertaking a major upgrade that aims to modernise and re-imagine its retail space. The centre said it had undergone eight extensions and five major mall upgrades since it first opened its doors in 1974 in order to be at the forefront of retail trends. read more
Abercrombie dives most since 2000 as sales growth starts to wane

Abercrombie dives most since 2000 as sales growth starts to wane

03/06/2019 - 09:00
For apparel retailers, the plot has to unfold just right for investors to buy into the narrative. And by the market’s reaction, they clearly did not stick to the script. read more
Shoprite facilitates radical makeover of Plastic City preschool

Shoprite facilitates radical makeover of Plastic City preschool

31/05/2019 - 11:28
As the world commemorates International Children’s Day (1 June) with its focus on the protection of children, a Brakpan preschool has undergone a dramatic transformation following support from the Shoprite Group. read more
Food Lover's Market opens eatery in Braamfontein, to record numbers

Food Lover's Market opens eatery in Braamfontein, to record numbers

31/05/2019 - 11:20
Food Lover’s Market has expanded its hugely popular eatery stores in Gauteng with the launch of Food Lover’s Eatery in Braamfontein’s Business Improvement District. The store opened on May 16 to a positive response from the local business community and the University of the Witswatersrand students. The newest addition to the Eatery division saw 4,000 customers on opening day, with a queue leading out of the store for most of the day.  read more
Mr Price Group's shares rally on annual results

Mr Price Group's shares rally on annual results

31/05/2019 - 10:16
Mr Price Group’s shares opened sharply higher after the company raised its annual dividend thanks to better earnings. read more
Massmart wins grocery store battle

Massmart wins grocery store battle

31/05/2019 - 09:22
Massmart, which owns the Game and Makro chains and other smaller retailers, received a major boost after the Competition Commission said Spar, Pick n Pay, Shoprite and Woolworths should be barred from entering into long-term exclusive lease agreements. read more
Competition body criticizes exclusive long-term leases by supermarket chains

Competition body criticizes exclusive long-term leases by supermarket chains

29/05/2019 - 15:01
Long-term exclusive lease agreements by SA's major supermarket chains at shopping centres are stopping new competitors from getting a foothold, the Competition Commission has found.  read more
Cash retail chain and new credit rules boost Lewis Group's bottom line

Cash retail chain and new credit rules boost Lewis Group's bottom line

29/05/2019 - 14:36
The acquisition of cash retailer United Furniture Outlets (UFO), along with changes to credit granting regulations, boosted the results for the furniture and appliance retailer Lewis Group, despite a sluggish economy. read more
Ram Harisunker celebrates 50-year milestone with Shoprite

Ram Harisunker celebrates 50-year milestone with Shoprite

29/05/2019 - 11:33
Ram Harisunker this month celebrates 50 years with the Shoprite Group in a distinguished career which took him from receiving clerk to main board director.  read more
Pepkor says market-share gains boosted half-year earnings

Pepkor says market-share gains boosted half-year earnings

29/05/2019 - 09:34
Pepkor, which owns the Pep and Ackermans brands, says sales and earnings rose in the six months to end-March thanks partly to market-share gains in clothing and merchandise. read more
Construction underway on Paledi Mall's R130m expansion

Construction underway on Paledi Mall's R130m expansion

27/05/2019 - 15:22
Building contractors are on site at Paledi Mall in the rural Limpopo town of Mankweng, with construction underway on the 7000m² third phase expansion of the centre that will take it to 32,000m² in size. The project will entrench the mall’s position as a regional shopping centre for the community with several new stores, service offerings, and leisure spaces. read more
Walmart sends veteran to fix struggling South Africa business

Walmart sends veteran to fix struggling South Africa business

27/05/2019 - 11:12
Massmart Holdings fell the most in three months as the troubled SA retail chain warned on profit and majority shareholder Walmart sent one its own to help stem declines.  read more
Africa’s largest retailer fights hunger every day

Africa’s largest retailer fights hunger every day

27/05/2019 - 11:05
As World Hunger Day (28 May 2019) reminds consumers that more than 821 million people do not have enough food and that 60% of the world’s hungry are women, the Shoprite Group remains fully committed to the fight against hunger in all the countries where it operates. read more
French grocery chain Casino on the ropes after long battle with hedge fund

French grocery chain Casino on the ropes after long battle with hedge fund

27/05/2019 - 10:24
The parent company of French grocery chain Casino insisted on Friday that there would be no consequences for some of the country’s best-known supermarket brands after it filed for bankruptcy protection following a long battle with hedge funds.  read more
TFG's investment in online offering pays off

TFG's investment in online offering pays off

27/05/2019 - 09:14
Online turnover grew 57.2% in the year and now accounts for 8.8% of group sales, with 23 brands of its 29 now available online. read more
Massmart appoints new CEO, but shares fall on warning earnings will halve

Massmart appoints new CEO, but shares fall on warning earnings will halve

24/05/2019 - 08:39
Shares in Massmart, which owns the Game and Makro chains, fell 12.5% to R68.24 in early trade on Thursday after the retailer said earnings in the six months to June could more than halve.  read more
Pick n Pay's partner Velokhaya expands to include feeding scheme for 200 children daily

Pick n Pay's partner Velokhaya expands to include feeding scheme for 200 children daily

21/05/2019 - 15:50
Almost 500 Pick n Pay Head Office employees – in partnership with Mellon Educate – volunteered their time and skills to build a kitchen and dining area at Velokhaya Life Cycling Academy in Khayelitsha last week. With this new facility, Velokhaya will launch a daily feeding scheme for around 200 children.  read more
Walmart reveals plans for a new corporate campus

Walmart reveals plans for a new corporate campus

20/05/2019 - 17:04
Corporate America has been under political pressure to ramp up investments at home. read more
Pick n Pay launches Cricket Super Cards

Pick n Pay launches Cricket Super Cards

20/05/2019 - 09:02
As the country’s excitement builds to back the Proteas, Pick n Pay has launched Cricket Super Cards for all South Africans to get to know their favourite cricket players.  read more
Dischem's employee strike costs it more than 75m

Dischem's employee strike costs it more than 75m

16/05/2019 - 08:31
Dis-Chem Pharmacies says a strike by employees that lasted nearly five months shaved up to R76.4m off its profits in the year to end-February. read more
Sorbet chain boosts Brian Joffe's Long4Life in year to February

Sorbet chain boosts Brian Joffe's Long4Life in year to February

15/05/2019 - 15:08
Brian Joffe’s Long4Life says its Sorbet beauty and grooming business boosted profits in the year to end-February as the chain’s salons for male customers gained traction. read more