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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
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
Kit Kat group opens its 17th Kit Kat Express store

Kit Kat group opens its 17th Kit Kat Express store

03/04/2019 - 14:05
Hot on the heels of the opening of the Kit Kat group’s 16th Express store in Hammanskraal earlier this year, Tembisa welcomes the group’s 17th Kit Kat Express store. read more
Almost 100 new employees welcomed at Shoprite Botleng

Almost 100 new employees welcomed at Shoprite Botleng

03/04/2019 - 10:00
Shoprite created 90 new jobs with the opening of its new store in Botleng, just outside Delmas, this week. The store’s total staff complement is 111, which includes 81 youth (between the ages of 18 and 35) and 76 women. read more
New market store opens through the Pick n Pay market store

New market store opens through the Pick n Pay market store

14/02/2019 - 11:51
The community of Thokoza welcomed the opening of Matlala Market and it will now offer customers greater variety, a fresh offering and money services under one roof and on their doorstep.  read more
M&S confirms more store closures

M&S confirms more store closures

17/01/2019 - 08:41
Marks & Spencer confirmed the location of the next batch of stores it plans to close as part of its restructuring plans. read more
Starbucks abandons expansion plans in SA

Starbucks abandons expansion plans in SA

07/01/2019 - 08:20
High operating costs and tight customer budgets have left US coffee giant Starbucks needing a caffeine hit after it abandoned ambitious expansion plans in South Africa – seen as a foothold for the continent. read more
Shoprite opens first store in Kenya to battle French retailer

Shoprite opens first store in Kenya to battle French retailer

13/12/2018 - 10:33
Shoprite is seeking a foothold in Kenya’s retail industry, where the collapse of two local supermarket chains has created opportunities for Africa’s biggest grocer and its international rivals. read more
Global fashion retailer LC Waikiki opens first store in Cape Town

Global fashion retailer LC Waikiki opens first store in Cape Town

11/12/2018 - 09:27
Global fashion retailer, LC Waikiki opened their first store in the Western Cape at Tyger Valley Shopping Centre on Saturday 08 December 2018. LC Waikiki offers on-trend, well-priced clothing for all occasions for women, men and children with the brand philosophy of “Everyone deserves to dress well”.  read more
Aldi opens a record number of stores in one day

Aldi opens a record number of stores in one day

07/12/2018 - 09:45
Aldi UK has opened a record eight stores on a single day as part of a tranche of 24 new outlets that are opening throughout November and December.  read more
Hamleys opens first Japanese stores

Hamleys opens first Japanese stores

04/12/2018 - 08:38
Hamleys has marked its entry into the Japanese retail market with the opening of two large, theme park-style outlets. read more
HomeChoice bets on store in Johannesburg CBD

HomeChoice bets on store in Johannesburg CBD

05/11/2018 - 08:04
Retailer and financial service group HomeChoice International has opened its first brick and mortar showroom in the Johannesburg CBD. read more
109 new jobs created by Checkers King Shaka store opening

109 new jobs created by Checkers King Shaka store opening

15/10/2018 - 10:28
Checkers opened the doors to its new store at the King Shaka Mall in Stanger, KwaZulu-Natal on Friday, 28 September 2018, creating 109 new jobs. The store’s total staff complement of 156 includes 142 youth (between the ages of 18 and 35) and 93 women. read more
Builders expands its footprint with three new stores

Builders expands its footprint with three new stores

06/08/2018 - 15:00
In July, Builders, through its commitment to offer customers a world-class home improvement and trade experience has recently welcomed three new stores to its growing footprint. Two in South Africa and one in Zambia brings the total number of stores to 112. These communities have been uplifted through employment opportunities to the tune of 152 jobs created as part of the three additional stores.  read more
115 new jobs created by Checkers Mica Mall store opening

115 new jobs created by Checkers Mica Mall store opening

01/08/2018 - 20:34
Checkers opened the doors to its new store at The Square shopping centre in Ladysmith on Thursday, 26 July 2018, creating 115 new jobs. The store’s total staff complement of 139 includes 101 youth and 104 women. read more
Clicks Group to invest R700m in its stores

Clicks Group to invest R700m in its stores

19/04/2018 - 10:35
Clicks plans to open 40 new stores this year, ahead of its target of 25 to 30 stores. read more
Primark to make U.S. retail debut with store in Boston

Primark to make U.S. retail debut with store in Boston

25/04/2014 - 12:17
Dublin, Ireland – Discount fast-fashion retailer Primark, the Dublin-based subsidiary of U.K. retail and consumer group Associated British Foods, plans to enter the United States, opening a location in Boston.  read more
Massmart to enter Angola with two stores

Massmart to enter Angola with two stores

10/04/2014 - 11:14
Johannesburg - Massmart, South Africa's No.4 retailer by market value, plans to enter oil-rich Angola with two stores by 2015, a senior executive said, as the unit of Wal-Mart expands on a continent that is still largely an informal retail market. read more
H&M to open two new retail formats in U.S.

H&M to open two new retail formats in U.S.

28/03/2014 - 14:01
New York -- Swedish fast-fashion retailer H&M said on Thursday it will debut two of its newer retail formats, COS and & Other Stories, in the United States this year. read more
Gap to open five Old Navy franchise stores in Philippines

Gap to open five Old Navy franchise stores in Philippines

19/03/2014 - 13:19
San Francisco -- Gap Inc. plans to open five franchise-operated Old Navy stores in the Philippines in 2014. The first two Old Navy stores will open in Manila in March and there are plans to open three more stores in the second half of the year for a total of five Old Navy stores in 2014. 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
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
United States: Whole Foods acquires seven Dominick’s leases in Chicago area

United States: Whole Foods acquires seven Dominick’s leases in Chicago area

25/02/2014 - 10:49
Austin, Texas -- Whole Foods Market has acquired leases from Safeway Inc. for seven locations formerly operated as Dominick's stores. Terms of the agreement were not disclosed. read more
Nakumatt expands retail presence in Uganda

Nakumatt expands retail presence in Uganda

24/02/2014 - 11:35
Leading Kenyan retailer Nakumatt has increased its outlets across East Africa to 45 with the opening of an additional store in Uganda at Acacia Mall in Kampala.  read more
Ackermans opens 400th store in November 2013

Ackermans opens 400th store in November 2013

18/02/2014 - 12:25
The 400th store of the retail value retailer Ackermans opened in Secunda, Mpumalanga during November 2013, almost a century after the opening of the retailer's first store in Wynberg, Cape Town.  read more
H&M to open first store in India

H&M to open first store in India

17/02/2014 - 08:55
Stockholm - Swedish clothing retailer Hennes & Mauritz (H&M) said Wednesday it planned to open its first store in India in 2014. read more
Shoprite to open another shopping mall, Zambia

Shoprite to open another shopping mall, Zambia

05/02/2014 - 08:55
Shoprite Holdings will construct a second shopping mall that will house a Shoprite supermarket, a Hungry Lion takeaway and an OK Furniture store in Solwezi as part of its expansion programme. Solwezi is the capital of Zambia’s North Western province.  read more
Double digit growth for V&A Waterfront: 2013 Retail Trade Results Released

Double digit growth for V&A Waterfront: 2013 Retail Trade Results Released

17/01/2014 - 14:50
(Cape Town: 16 January 2013) The V&A Waterfront continued its 2013 double digit retail trade sales growth with a reported 20.6% increase in December. This marks 29 straight months of consistent growth since August 2011, and concludes 2013 with an impressive 19.8% year-on-year growth. read more
Mr Price slides on sales figures let-down

Mr Price slides on sales figures let-down

17/01/2014 - 08:14
Johannesburg - Discount retailer Mr Price failed to impress investors with a 15% rise in third-quarter sales on Thursday, reflecting the lofty expectations for one of Johannesburg's most expensive stocks. read more
Leading Botswana retail group goes to Namibia

Leading Botswana retail group goes to Namibia

08/01/2014 - 10:05
Fast moving consumer goods giants, Sefalana Holdings, will this year expand into the Namibian market with the acquisition of 12 stores as the BSE-listed group implements its regionally focused growth strategy. - See more at: http://www.mmegi.bw/index.php?aid=5956#sthash.7RdpqTtj.dpuf read more
Wal-Mart International names new CEO

Wal-Mart International names new CEO

11/12/2013 - 10:26
Bentonville, Ark. – Wal-Mart Stores named David Cheesewright, 51, as the new president and CEO of Walmart International. He succeeds Douglas McMillon, who is set to become the chain’s CEO, the retailer's top executive. Both assume their new roles on Feb. 1, 2014. read more
 Pick n Pay’s Zimbabwean partner bullish about prospects

Pick n Pay’s Zimbabwean partner bullish about prospects

03/12/2013 - 09:35
Harare - John Moxon, the chairman of Zimbabwe’s Meikles Africa, which runs TM Supermarkets jointly with South African grocer Pick n Pay, is bullish about future prospects in the country’s retail industry, saying the company has adopted a robust expansion plan to capitalise on the expected shift for the better in consumer spending patterns.  read more
Liberty Midlands Mall to get R380 million revamp

Liberty Midlands Mall to get R380 million revamp

21/11/2013 - 12:08
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
Kenyan retailer Uchumi gets Uganda's share trading approval

Kenyan retailer Uchumi gets Uganda's share trading approval

14/11/2013 - 11:14
Uchumi Supermarket has received approvals to trade its shares on the Uganda Securities Exchange. 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
M&S steps up convenience store roll-out

M&S steps up convenience store roll-out

24/10/2013 - 12:08
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
Customers reward a better, stronger and clearer Pick n Pay

Customers reward a better, stronger and clearer Pick n Pay

23/10/2013 - 10:54
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
Retailers line up for position at Heidelberg Mall, Gauteng

Retailers line up for position at Heidelberg Mall, Gauteng

08/10/2013 - 08:02
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
Grocery chain Sefalana withdraws lawsuit against Competition Authority, Choppies, Botswana

Grocery chain Sefalana withdraws lawsuit against Competition Authority, Choppies, Botswana

03/10/2013 - 13:00
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 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
Supasave acquisition to yield P10m profit for Choppies, Botswana

Supasave acquisition to yield P10m profit for Choppies, Botswana

09/09/2013 - 09:29
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
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
Alert Steel and Build launches Megastores

Alert Steel and Build launches Megastores

29/08/2013 - 14:22
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
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
Toys ‘R’ Us announces 2013 global expansion plans; 100-plus stores on tap

Toys ‘R’ Us announces 2013 global expansion plans; 100-plus stores on tap

15/08/2013 - 09:33
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 Tanzania embarks on expansion drive

Uchumi Tanzania embarks on expansion drive

01/08/2013 - 12:21
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
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
Retailer Nakumatt Seeks Foreign Investment For $14m East Africa Expansion

Retailer Nakumatt Seeks Foreign Investment For $14m East Africa Expansion

30/07/2013 - 08:51
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
H&M to launch a store in SA - report

H&M to launch a store in SA - report

23/07/2013 - 10:26
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
Accenture globalisation report finds emerging market retailers on the move

Accenture globalisation report finds emerging market retailers on the move

15/07/2013 - 10:32
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
Target to open 20 more Canadian stores

Target to open 20 more Canadian stores

09/07/2013 - 07:48
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
Woolworths to slash prices

Woolworths to slash prices

18/06/2013 - 08:32
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
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
Gap adds Paraguay, Hungary to global growth plans

Gap adds Paraguay, Hungary to global growth plans

04/06/2013 - 09:49
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
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
Costco Q3 profit climbs 19%; to open nine clubs by September

Costco Q3 profit climbs 19%; to open nine clubs by September

31/05/2013 - 09:48
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
Massmart to focus on store growth in Africa

Massmart to focus on store growth in Africa

30/05/2013 - 10:33
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 opens new Swaziland store, helping job creation

Shoprite opens new Swaziland store, helping job creation

24/05/2013 - 15:38
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
Kenya: Has Tuskys bought out its rival in Nairobi?

Kenya: Has Tuskys bought out its rival in Nairobi?

22/05/2013 - 11:20
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 South Africa profit rises 12% as liquor sales gain

Spar Group South Africa profit rises 12% as liquor sales gain

15/05/2013 - 15:40
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
UK: Sainsbury's profit falls despite rise in sales

UK: Sainsbury's profit falls despite rise in sales

15/05/2013 - 15:39
Sainsbury's has posted a fall in pre-tax profits despite a rise in sales, as conditions remain 'challenging'.  read more
Kenya's Uchumi to open 13 supermarkets across East Africa

Kenya's Uchumi to open 13 supermarkets across East Africa

15/05/2013 - 10:35
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
Whole Foods Market Q2 profit surges 20%; raises forecast

Whole Foods Market Q2 profit surges 20%; raises forecast

08/05/2013 - 11:04
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
Accenture, US: Retailers scale back global expansion

Accenture, US: Retailers scale back global expansion

07/05/2013 - 09:18
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
UK: Asda to invest £700m, create 2 500 jobs

UK: Asda to invest £700m, create 2 500 jobs

24/04/2013 - 10:05
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
Kenyan retailer Uchumi eyes Rwanda, South Sudan

Kenyan retailer Uchumi eyes Rwanda, South Sudan

12/04/2013 - 10:14
(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
Family Dollar Q2 profit edges up; opening 500 stores this year

Family Dollar Q2 profit edges up; opening 500 stores this year

12/04/2013 - 10:05
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 in Boksburg set to open Sep 2013

Sunward Park shopping centre in Boksburg set to open Sep 2013

28/03/2013 - 12:21
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
Pick n Pay grows African footprint with sixth Zambian store opening

Pick n Pay grows African footprint with sixth Zambian store opening

27/03/2013 - 12:04
[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
Namibia: Property groups move ahead with large Windhoek retail development

Namibia: Property groups move ahead with large Windhoek retail development

27/03/2013 - 12:00
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
Kenya:: Retailer, Naivas shaking off low end market tag

Kenya:: Retailer, Naivas shaking off low end market tag

27/03/2013 - 11:31
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
Namibia: Pick n Pay Heading for Keetmanshoop

Namibia: Pick n Pay Heading for Keetmanshoop

11/03/2013 - 09:02
South African grocery retail giant, Pick n Pay, has completed the takeover of OK Grocer at Keetmanshoop.  read more
Ralph Lauren's Denim & Supply format to make U.S. debut in New York City

Ralph Lauren's Denim & Supply format to make U.S. debut in New York City

19/02/2013 - 09:39
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
Spar to enter Middle East market

Spar to enter Middle East market

29/01/2013 - 11:17
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
Shoprite results improve

Shoprite results improve

11/01/2013 - 10:37
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
Walmart shares drop on Mexico scandal

Walmart shares drop on Mexico scandal

17/08/2012 - 08:18
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
Truworths ‘misread trends’ says analyst

Truworths ‘misread trends’ says analyst

16/08/2012 - 10:01
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’ R95m plan to spruce up its brand

Clicks’ R95m plan to spruce up its brand

30/04/2012 - 08:47
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
Gap Inc. expands into Africa with first stores in South Africa

Gap Inc. expands into Africa with first stores in South Africa

20/03/2012 - 15:14
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