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Cashbuild flags tough environment amid rationalisation strategy

Cashbuild flags tough environment amid rationalisation strategy

03/09/2019 - 12:51
Building materials retailer Cashbuild weathered a tough trading environment to deliver 3% growth in operating profit for the year to end-June, boosted by an extra trading week and the addition of 11 new stores.  read more
Dis-Chem reports double-digit sales growth

Dis-Chem reports double-digit sales growth

28/08/2019 - 09:28
Dis-Chem Pharmacies says sales grew 13.5% to R9.9bn in the first five months of its 2020 financial year, thanks partly to better wholesale revenues. read more
Walmart Q2 revenue grows 1.8% year on year

Walmart Q2 revenue grows 1.8% year on year

20/08/2019 - 14:13
Total revenue of Walmart for its second quarter (Q2) of Financial Year 2020 (FY20) ending July 31 hit $130.4 billion, up 1.8 percent year on year, while the net sales of Walmart International decreased 1.1 percent year on year to $29.1 billion, the company reported.  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
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
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
4 Ways retailers can generate more revenue

4 Ways retailers can generate more revenue

04/10/2018 - 14:06
As a retailer, you go into everything that you do for your business with a plan. There are hundreds of things that you have to consider. How is your time best spent? Are there certain things that influence customers to buy more? Will certain strategies be more effective than other sales strategies?  read more
R7 billion in sales shows increasing significance of spaza shops

R7 billion in sales shows increasing significance of spaza shops

10/05/2018 - 11:23
Spaza shops, with an estimated annual revenue of R7 billion, are a significant retail channel in South Africa, according to Euromonitor International’s senior research analyst, Christy Tawii. read more
BAT aims to ignite smokeless products

BAT aims to ignite smokeless products

01/05/2018 - 12:30
Cigarette group British American Tobacco (BAT) aims to more than double revenue from next-generation products by the end of 2018 to "substantially more than £1bn (R17.35bn)". read more
Consumer-goods manufacturer Libstar aims to raise R1.5bn

Consumer-goods manufacturer Libstar aims to raise R1.5bn

25/04/2018 - 08:42
The company plans to list on the JSE on May 9. read more
Nike revenues jump 7% despite US sales drop

Nike revenues jump 7% despite US sales drop

26/03/2018 - 10:05
Sportswear giant Nike has seen revenues come in above expectations by $15 million (£10.6 million) over its third quarter, driven by strong growth across Asia. read more
SAB tie-up exceeds AB InBev’s expectations

SAB tie-up exceeds AB InBev’s expectations

01/03/2018 - 11:04
Brewer says its beer volumes enjoyed double-digit growth in most of the countries in which it operates. read more
Distell looks to Africa to double its revenue and profit

Distell looks to Africa to double its revenue and profit

26/02/2018 - 14:01
Liquor giant Distell, controlled by investment group Remgro, is still pursuing an ambitious target of doubling revenue and profit in five years. read more
Quantum Foods earnings leap on lower input costs

Quantum Foods earnings leap on lower input costs

27/11/2017 - 10:25
Quantum Foods’s share price soared more than 17% after it announced strong full-year financial results. read more
Price war: Retail’s latest self-destructive addiction

Price war: Retail’s latest self-destructive addiction

15/06/2017 - 10:37
Retail can have a promising future. But the strategies to get there have been decidedly weak. This has led to a lot of finger pointing in the industry as to who or what is to blame, but until companies can comprehensively address the real issues facing their businesses, the headlines are going to remain the same. read more
Africa makes winning case for Steinhoff

Africa makes winning case for Steinhoff

09/06/2017 - 12:06
Steinhoff’s African and East European assets outperformed the group’s operations elsewhere. The performance of the African assets, in particular, highlighted the case for a separate listing to unlock shareholder value. read more
Steinhoff reports increase in first-half operating profit

Steinhoff reports increase in first-half operating profit

07/06/2017 - 12:25
Global retailer Steinhoff reported on Wednesday that interim operating profit to end-March rose 13% to €903m. read more
Spar Switzerland fails to deliver on promise as sales tumble

Spar Switzerland fails to deliver on promise as sales tumble

01/06/2017 - 09:42
Spar’s move into Switzerland — aimed at providing stability and growth to offset difficult local trading conditions — has not lived up to expectations yet with Swiss operations reporting mixed interim results. read more
Spar cuts dividend despite rising profit and revenue

Spar cuts dividend despite rising profit and revenue

31/05/2017 - 12:43
Grocery chain Spar cut its interim dividend by 6% to R2.40 from the matching period’s R2.55, despite growing revenue and profit. read more
Retailer Steinhoff posts surge in revenue as market share increases

Retailer Steinhoff posts surge in revenue as market share increases

07/09/2016 - 10:28
FRANKFURT-and JSE-listed retailer Steinhoff has reported a 33% surge in revenue for the year to June, to €13.1bn, and a 32% increase in operating profit to €1.5bn. read more
HomeChoice’s operating profit up 9.8% to R280m

HomeChoice’s operating profit up 9.8% to R280m

31/08/2016 - 08:52
DIRECT shopping retailer HomeChoice managed to pull growth from its hat as revenue rose 15.8% to R1.52bn, despite the constrained consumer environment in which it trades. read more
Top 10 most profitable retailers, 2016

Top 10 most profitable retailers, 2016

20/07/2016 - 16:01
Forget revenue, store counts, online traffic, etc. — if you want to know who is succeeded in retail just look at the bottom line — it is all about turning a profit. Here is a quick look at the top 10 retailers on the list: read more
Distell defies tough market to post revenue rise of 12%

Distell defies tough market to post revenue rise of 12%

22/08/2013 - 11:16
The Distell Group succeeded in raising revenue 11,9% to R15,9bn on a sales volume increase of 7,2% for the year to June 2013. This was despite exceptionally tough trading conditions, marked by a global slowdown in economic growth, contracted disposable income and reduced consumer spending in many of the regions where it markets its range of spirits, wines and ciders and RTDs. read more
Tongaat Hulett Costs down, first-half profit up

Tongaat Hulett Costs down, first-half profit up

13/11/2012 - 08:37
Tongaat Hulett’s first-half profit rose as production increased and costs declined, the company said yesterday. Net income increased 30 percent to R655 million in the six months to September from a year earlier. read more
 IBM revenue slides five percent

IBM revenue slides five percent

17/10/2012 - 07:52
Armonk, New York - IBM's third-quarter earnings held steady, despite the economic jitters that contributed to a steeper decline in revenue than Wall Street anticipated. read more
Tongaat Hulett lifts profits above R2bn

Tongaat Hulett lifts profits above R2bn

29/05/2012 - 11:44
Tongaat Hulett grew total profit from its combined operations by 53 percent to exceed R2 billion for the first time, the sugar producer said yesterday in reporting its audited results for the year to March. read more
Verimark earnings down 18%

Verimark earnings down 18%

29/05/2012 - 08:01
Johannesburg - Direct response retailer Verimark Holdings [JSE:VMK] has reported an 18% decline in headline earnings per share to 25.8 cents a share for the year ended February 2012 from 31.5 cents a share last year as the sluggish economy and lacklustre consumer spending hampered the company's growth.  read more
Value earnings up in tough climate

Value earnings up in tough climate

17/05/2012 - 10:03
Regional logistics and supply chain services provider Value Group ’s diluted headline earnings per share rose 3,8%, from 58c to 60,2c in the year to February, which the company said was strong given market factors. read more
Cashbuild forecasts higher profits

Cashbuild forecasts higher profits

08/03/2012 - 09:37
Building materials retailer Cashbuild (CSB) said on Wednesday it expected its headline earnings per share to rise between 130% and 140% in the half-year ended December compared with a year earlier. read more
Unilever Volume Rises at Slowest Pace in Almost Three Years

Unilever Volume Rises at Slowest Pace in Almost Three Years

03/02/2012 - 08:10
Unilever (UNA), the world’s second-largest consumer-goods maker, reported the weakest volume growth in almost three years as higher prices deterred consumers, and said it expects “gloomy” economic conditions to persist this year.  read more
Cashbuild Q2 revenue up 9%

Cashbuild Q2 revenue up 9%

25/01/2012 - 15:41
Johannesburg - Building materials retailer Cashbuild [JSE:CSB] reported on Tuesday that revenue for the second quarter and the half-year to December 2011 increased by 9%, compared to the same period a year ago. read more
Cost increases squeeze commercial farmers

Cost increases squeeze commercial farmers

05/12/2011 - 08:04
Cape Town – South Africa's commercial farmers' income has hardly been great, especially for those planting crops. Stock farmers have suffered heavily from stock theft and job opportunities dried up. read more