TRADING NEWS ON FASTMOVING

Clothing group TFG says cash turnover has grown solidly in the first 21 weeks of its 2020 financial year, but credit extension remained almost flat in Africa due to reduced consumer spending. read more

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

Walmart-controlled Massmart, owner of Makro, Game, Builders Warehouse and Dion Wired, has suffered a headline loss of R550 million for the six months to end-June – after earning a profit of more than R200 million in the same period last year. read more

Distell Group, which makes Nederburg wines and Klipdrift brandies, reported a double-digit increase in earnings for the six months to December, even as sales volumes fell in SA.  read more

Growth in trading density (sales per square metre) in 2018 at monitored shopping centres in South Africa and Namibia continued to improve after a lacklustre 2017, according to a retail property barometer.  read more

Shoprite shareholders have had their interim dividend cut 24% as the grocery chain battles with losses from outside SA, and shrinking profit in its home market. read more

Tiger Brands, like its competitors in the food-producer arena, says it has not been able to fully pass on higher input costs to consumers in the depressed trading environment. read more

Investors shaved R15bn off the value of Shoprite after Africa’s biggest retailer by market capitalisation issued a dire trading warning. read more

General goods retailer Pepkor, formerly known as Steinhoff Africa Retail, released solid numbers for the three months ended December despite challenging trading conditions.  read more

Fast-Moving Consumer Goods (FMCG) are, by their very nature, products that are designed to be sold quickly at a relatively low cost. Unlike luxury items that often need to sit on the shelf for an extended period of time in order to build up some exclusivity, FMCG products need to be sold as quickly as they’re advertised. With speed being the key ingredient in the FMCG industry, any weak links in the chain can harm a manufacturer's bottom-line. read more

SA authorities have given food maker Tiger Brands permission to re-open a factory closed after the world’s biggest listeria outbreak was traced to one of its facilities, the company said. read more

The material impact of the damage to Tiger Brands could be hundreds of millions of rand, according to analysts, after the High Court granted an order certifying a class action against the food producer as a result of the listeriosis outbreak that killed 200 people early this year. read more

Lowe’s stated it was looking to shed its retail operations in Mexico and certain noncore US businesses as the country’s second-biggest home improvement chain strives to compete with rivals including Home Depot.  read more

Rupert family-controlled luxury goods conglomerate Richemont remains one of the default options for investors rattled by a ravaged rand, despite a rather demanding market rating. read more

Clover’s share price climbed 4.11% after it said it expected a threefold increase in full-year headline earnings per share.  read more

In an unprecedented move, it’s thought Hennes & Mauritz (H&M) will cut its dividend for the first time ever next year as the retailer struggles to get shoppers in stores. read more

Marketer Verimark’s share price jumped 26% to R1.02 after it issued an upbeat trading statement. read more

After months of decline, trading densities across 2.2 million m² of physical retail space in seven provinces of South Africa and in Namibia are trending towards growth, according to an industry barometer.  read more

Sea Harvest, the recently listed fishing enterprise controlled by Brimstone Investment Corporation, netted a sizeable profit haul in the year to end-December. read more

Sea Harvest’s share price rose 4% on Monday, on the expectation of improved performance in SA, driven by strong market demand for Cape hake globally and the performance of investments the group has made in Saldanha Bay processing plants. read more

Italtile says weak trading conditions in the second half of the financial year persisted in the 19 weeks from July 1 to November 10. read more

Target Corp (TGT.N) issued a disappointing profit forecast for the key holiday quarter as it continues to depend on price cuts to drive traffic to its stores and online, sending its shares down 4 percent in premarket trading.  read more

Luxury goods retailer Richemont has signalled a shift in focus with the creation of a new role — chief technology officer. read more

Investors are lowering their expectations for Woolworths as the outlook for the local retail sector deteriorates. read more

Major retailers review their strategies to survive tough trading environment. read more

A 38-year-old fruit vendor, in the city centre, says it is not clear if he will be benefiting from the City of Cape Town’s proposed plan to allocate new trading bays. read more

Johannesburg - The Johannesburg Stock Exchange said it will pause trade for five minutes at 11am (09h00 GMT) on Friday to mark the passing of former president Nelson Mandela.  read more

Futures were flat in quiet trade on Tuesday‚ with markets awaiting the outcome of the G7 meeting and central banks’ rate decisions. read more

Today is the first day of trade for Shoprite’s convertible registered bonds on the JSE after the group received approval on Friday. read more

Spar, Shoprite and Pick n Pay have shrugged off an indigenisation broadside from the Zimbabwean government, which was reported to have issued a directive yesterday that licences for foreign-based chains not be renewed to facilitate localisation of the businesses. read more

The independent members of the KWV board have told KWV shareholders that the R8.50 a share offer from Hosken Consolidated Investments (HCI) is not fair. read more