STORE OPENINGS NEWS ON FASTMOVING

The Liberty Group announced today significant plans to further entrench its Liberty Midlands Mall investment as the lifestyle centre of choice for tenants and shoppers in the Pietermaritzburg area. read more

Uchumi Supermarket has received approvals to trade its shares on the Uganda Securities Exchange. read more

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

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

London - Britain's Marks & Spencer will step-up expansion of its Simply Food store network as it looks to benefit from growing consumer demand for smaller, convenience outlets, it said on Tuesday.  read more

In an extremely competitive market, customers have responded positively to decisive action by Pick n Pay to improve the shopping trip. In the first six months to 01 September 2013, the company delivered an improved financial performance over the previous period, growing Group till sales (owned and franchise stores) by 8.1%.  read more

Heidelberg Mall, set to open in October 2014, is already attracting a powerhouse of leading retailers a full year before it opens, including some of South Africa’s most popular national stores.  read more

Local retail chain, Sefalana, has withdrawn a lawsuit it filed at the Lobatse High Court against the Competition Authority (CA), Choppies, SupaSave and MegaSave. Citing market share concerns, Sefalana went to court after it lost the bid to acquire SupaSave and its distribution wing, MegaSave to rival supermarket chain, Choppies. read more

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

The acquisition of Supasave by Choppies is set to improve the latter's revenue by at least P200 million in the next financial year.  read more

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

Alert Steel and Build announces the launch of its megastores in Gauteng, Limpopo and North West, where timber, plumbing, hardware and building materials have been introduced. read more

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

Wayne, N.J. – Toys “R” Us on Wednesday unveiled its global growth for 2013, with the planned opening of more than 100 stores, including new locations, the relocation and conversion of 14 stores to its side-by-side format, and 22 new licensed stores. The openings represent the net addition of over 900,000 sq. ft. of retail space to the company’s store portfolio.  read more

Uchumi Group Chief Executive Officer, Jonathan Ciano, told the company’s business partners in Dar es Salaam over the weekend that the firm will soon open new shops in Dar es Salaam and upcountry regions. read more

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

VENTURES AFRICA – Nakumatt Holdings Ltd, a Kenyan supermarket chain, has began talks to sell almost a quarter of its shares to foreign investors to aide its expansion plans across East Africa. read more

Stockholm - The world's second-biggest fashion retailer, Hennes & Mauritz, has signed its first lease to open a store in South Africa, according to a press report.  read more

New York - The growing appeal of smaller format stores and the increasing number of international moves by emerging market retailers are two of the key trends revealed in the Accenture Globalization Index, Quarter One 2013. read more

Mississauga, Ont. -- Target plans to open the doors to an additional 20 stores in Canada between July 16 and July 30. The stores will be located in in British Columbia, Alberta, Saskatchewan and Ontario  read more

Cape Town - Woolworths Holdings [JSE:WHL] will cut its prices by up to 30% from August in a bid to gain market share in Africa, The EastAfrican reported. read more

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

San Francisco -- Gap Inc. announced Monday that it will introduce the Gap brand to Paraguay and Hungary through new agreements with existing franchise partners: Neutral for Paraguay and Gottex Brands for Hungary.  read more

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

Issaquah, Wash. -- Costco Corp. reported Thursday that net income for the quarter ended May 12 increased a higher-than-expected 19% on increased sales and member fees. The wholesale club operator earned $459 million in the third quarter, up from $386 million in the year-ago period. read more

VENTURES AFRICA. JSE-listed general retailer, Massmart, on Wednesday said it will start paying more attention to store growth in South Africa and sub-Saharan Africa. read more

Shoprite brings 150 jobs NHLANGANO – Shoprite Checkers has added a stimulating effect to the economy of the small town of Nhlangano by availing about 150 jobs to locals.  read more

A local retail giant is said to have acquired a rival’s operations in Nairobi in a bid to consolidate its business in the city. read more

Spar Group Ltd. (SPP), a South African food and liquor retailer, said first-half profit climbed 12 percent as higher prices countered slower consumer spending. read more

Sainsbury's has posted a fall in pre-tax profits despite a rise in sales, as conditions remain 'challenging'.  read more

Kenya's Uchumi Supermarkets will open 13 new stores over the next year as East Africa's sole listed retailer prepares for a cash call and a cross listing of its shares, its chief executive said on Tuesday. read more

Austin, Texas. Whole Foods Market on Tuesday reported that its second-quarter net income rose to $142 million from $118 million a year earlier, beating analysts estimates. The chain also raised its full-year forecast. read more

New York -- The world’s largest retailers have been scaling back their global expansion activities, particularly in Asia, and turning their attention inward by integrating operations and strengthening their store, Internet and mobile sales channels, according to a new report by Accenture. read more

London - Asda, Britain's second-biggest grocer, said on Tuesday it would invest over £700m ($1bn) this year in its online operations, new and existing stores and its supply chain, helping to create 2 500 new jobs. read more

(Reuters) - Kenya's Uchumi Supermarkets (UCHM.NR), the sole listed retailer in East Africa, plans to open six new stores in the next six months as well as expanding into Rwanda and South Sudan to tap new shoppers, its chief executive officer said on Thursday. read more

Matthews, N.C. -- Family Dollar Stores reported Wednesday that net income for the quarter ended March 2 edged up to $140.1 million, compared with $136.4 million in the year-ago period. read more

Sunward Park shopping centre, an upcoming retail centre in Boksburg, today announced that it will open its door in September 2013, and offer Shoppers with festival of fine food and entertainment. read more

[Cape Town, 21 March 2013] As part of its strategic expansion into Africa Pick n Pay will open its sixth Zambian store in Luanshya – in the country’s Copper Belt Province. This is a signal of confidence in Zambia’s economic future and takes the total number of Pick n Pay stores outside of South Africa to 95, across eight countries.  read more

South African property investment and development company Atterbury, Demashuwa Properties and Namibia-based Safland Property Group are moving ahead with what they believe will be Namibia’s largest commercial property development – the 54 000 m2 Mall of Namibia – The Grove, in Windhoek. read more

Retailer Naivas Supermarkets is taking competition head on in the scramble for business by venturing into high end areas that are dominated by the major players within the market. read more

South African grocery retail giant, Pick n Pay, has completed the takeover of OK Grocer at Keetmanshoop.  read more

New York -- Ralph Lauren Corp. will debut its Denim & Supply retail banner in the United States, opening a store in New York City this spring, according to WWD.com. It will be the first freestanding U.S. location for the brand, which features affordable price points.  read more

Abu Dhabi - Dutch food retailer Spar International plans to enter the Middle East, aiming to have 30 stores in the region by the end of 2015, its managing director said on Sunday. read more

The Shoprite Group has reported strong growth in the first quarter of its 2013 financial year despite the continuation of depressed market conditions, the mega-retailer said earlier this week at the release of its quarterly results. Total turnover increased by15,6% compared to 10,8% in the corresponding three months. read more

New York - Shares in Walmart Stores Inc, the world's largest retailer, were under pressure on Thursday as Congress pressed on with an investigation of alleged bribery in Mexico. read more

The latest figures from retailer Truworths indicate that the group has misread the fashion trends and lost out to Spanish chain Zara, an analyst said yesterday.  read more

Clicks Group, the health-and beauty-focused retailer, will this year expand into Lesotho and spend R95m in the second half on opening new stores and refurbishing existing ones. read more

SAN FRANCISCO – March 20, 2012 – Continuing to execute on its global expansion strategy, Gap Inc. (NYSE: GPS) announced today the opening of its first free-standing stores in South Africa – the largest apparel retail market in Africa – via its franchise channel. Six months after the successful launch of the company’s first stores on the continent, these store openings mark Gap Inc.’s entry into a third country in Africa - after Egypt and Morocco – and its first in sub-Saharan Africa.  read more