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Sales at Truworths Africa outperform its UK business

Sales at Truworths Africa outperform its UK business

12/11/2019 - 13:24
Truworths, which was forced to write down its UK business by a third recently, said that retail sales in that country were flat in the 18 weeks to November 4, although its African operations performed better. read more
Why are these five UK retailers thriving as most others battle?

Why are these five UK retailers thriving as most others battle?

12/11/2019 - 10:32
British shops are being battered as the shift to e-commerce, intense competition and the fallout from Brexit cause catastrophic levels of store closures and job cuts. read more
Profits fall at Aldi UK but continuing expansion drive

Profits fall at Aldi UK but continuing expansion drive

18/09/2019 - 10:35
Aldi’s British and Irish arm saw its profits fall by more than a quarter last year due to price cuts and investment in its infrastructure. However, the discounter reaffirmed its plans to continue its rapid expansion, with London now a key area of focus. read more
RDI Reit offloads German shopping centre for €91m

RDI Reit offloads German shopping centre for €91m

18/09/2019 - 10:23
RDI Reit said on Wednesday it is making progress in offloading its German assets after selling its Bahnhof Center in Hamburg for €91m (R1.47bn).  read more
UK retailers bristle at demand of no-deal Brexit

UK retailers bristle at demand of no-deal Brexit

10/09/2019 - 14:52
A British demand for supermarkets to prepare for a potentially chaotic no-deal Brexit by stockpiling food is stoking anger in the industry, with bosses saying they should not be blamed if people can't find everything they want on the shelves.  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
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
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
Sainsbury's opens UK's first meat-free butchers

Sainsbury's opens UK's first meat-free butchers

24/06/2019 - 15:35
Launched during World Meat Free Week, the pop shop is a traditional style butchers offering customers a range of cuts, joints and sausages derived from plant-based alternatives such as mushroom, jackfruit, and pea protein. read more
The UK will ban plastic straws and cotton buds by 2020 – here are South Africa’s plans

The UK will ban plastic straws and cotton buds by 2020 – here are South Africa’s plans

27/05/2019 - 09:31
The Guardian reports that the move is hoped to vastly reduce the litter and other environmental impacts of the nearly five billion plastic straws currently used each year in the UK, along with more than 300 million plastic stirrers and close to two billion cotton buds with plastic stems.  read more
CMA blocks Sainsbury’s-Asda merger

CMA blocks Sainsbury’s-Asda merger

25/04/2019 - 10:41
The Competition and Markets Authority (CMA) has confirmed that it is blocking the proposed merger of Sainsbury’s and Asda. The two chains, along with Walmart, have since stated that they are abandoning the deal. read more
UK online supermarket pioneer Ocado partners with Australia's Coles

UK online supermarket pioneer Ocado partners with Australia's Coles

27/03/2019 - 08:51
British online supermarket pioneer Ocado has signed a partnership agreement with Australia’s Coles, its fifth major overseas deal in less than 18 months as food retailers around the globe respond to online competition. read more
Supermarkets are growing fresh produce in ‘pick your own’ aisles

Supermarkets are growing fresh produce in ‘pick your own’ aisles

07/03/2019 - 14:13
SUPERMARKETS are to start growing fresh produce in ‘pick your own’ aisles. read more
British retailers plan least investment in seven years ahead of Brexit

British retailers plan least investment in seven years ahead of Brexit

25/02/2019 - 15:02
British retailers plan the least investment in seven years ahead of the country’s departure from the EU, and job cuts in the business sector have gathered pace, a major survey showed. read more
UK government seeks views on proposed plastic packaging tax

UK government seeks views on proposed plastic packaging tax

21/02/2019 - 09:21
The UK government has launched consultations on the introduction of new plastic packaging taxes and tougher rules for packaging producers, in a move towards a more circular economy. read more
No-deal Brexit could cost grocery sector billions in first three-months

No-deal Brexit could cost grocery sector billions in first three-months

18/02/2019 - 13:03
The UK grocery industry could lose up to £4.5bn of revenue in the three months after Brexit if retailers and manufacturers are not prepared by 29 March, according to analysis by operational improvement specialist Newton which is offering five steps that might help lessen the impact. read more
Click & collect market in the UK to grow nearly 50% over the next five years

Click & collect market in the UK to grow nearly 50% over the next five years

11/02/2019 - 09:50
The UK click & collect market is set to grow 45.8% over the next five years to reach £9.8bn by 2023, but growth will slow as the fulfillment method matures and services offered by retailers are optimised, according to data and analytics company GlobalData. read more
SA preparing for all Brexit outcomes

SA preparing for all Brexit outcomes

19/12/2018 - 08:05
South Africa's Department of Trade and Industry (dti) is preparing for all eventualities regarding Brexit, says Minister of Trade and Industry Rob Davies.  read more
Asda remains fastest-growing supermarket of UK's 'Big Four'

Asda remains fastest-growing supermarket of UK's 'Big Four'

12/12/2018 - 10:16
Asda remains the best performer of the UK’s ‘Big Four’ supermarkets, registering a 1.5% sales rise in the 12 weeks to 2 December, according to the latest market share figures from Kantar Worldpanel. read more
UK retail property values to drop next year

UK retail property values to drop next year

30/11/2018 - 10:42
The UK’s five largest property funds stand to risk billions of pounds invested in the country’s struggling retail sector. read more
UK mobile commerce market to nearly double by 2022

UK mobile commerce market to nearly double by 2022

13/11/2018 - 08:27
Mobile commerce is set to overtake desktop sales globally by 2023 while the UK’s market is expected to nearly double. read more
Retailers to be fined up to £2500 for selling energy drinks to kids

Retailers to be fined up to £2500 for selling energy drinks to kids

31/08/2018 - 10:37
Retailers will soon be banned from selling energy drinks to children under new government plans announced recently. read more
AB InBev expands its Stella Artois range with gluten-free variant

AB InBev expands its Stella Artois range with gluten-free variant

03/08/2018 - 10:46
AB InBev will launch a gluten-free variant of its Stella Artois lager is it responds to a surge in demand for gluten-free products. read more
Lush introduces new automated payroll software

Lush introduces new automated payroll software

12/04/2018 - 16:24
Cosmetics retailer Lush is introducing new software to run its company payroll in the UK and Ireland, with a view to implementing it across international business operations.  read more
Tax on disposable coffee cups gains steam

Tax on disposable coffee cups gains steam

09/01/2018 - 10:58
British lawmakers called on the government on Friday to impose a charge on disposable coffee cups and set a target to recycle all of them by 2023 - or ban them altogether. read more
UK retailers to reap rewards of Christmas cross-border sales

UK retailers to reap rewards of Christmas cross-border sales

13/12/2017 - 11:22
Cross-border trade is forecast to increase by 57 percent in the UK this festive period, indicating that more overseas shoppers are turning to British retailers than ever before for their Christmas shopping.  read more
Toys R Us bankruptcy results in 26 UK outlets being shut

Toys R Us bankruptcy results in 26 UK outlets being shut

04/12/2017 - 17:30
Toys R Us plans to shut at least 26 UK stores, as the retailer goes through bankruptcy proceedings in the US.  read more
Shoppers set to spend over £10bn in this year’s Black Friday bonanza

Shoppers set to spend over £10bn in this year’s Black Friday bonanza

21/11/2017 - 11:47
Higher prices and increased retailer participation will drive Black Friday spend this year with total sales over the period set to rise 3.8%.  read more
World Banana Forum warns bananas could disappear from UK supermarket shelves

World Banana Forum warns bananas could disappear from UK supermarket shelves

10/11/2017 - 10:24
Bananas are under threat from so-called 'Panama disease', threatening to cut off the supply of one of the UK's favourite fruits. read more
UK consumers spend more to meet higher food and clothing prices

UK consumers spend more to meet higher food and clothing prices

10/10/2017 - 09:40
British shoppers increased their spending in September at the fastest pace so far in 2017, excluding an Easter-related surge in April, but much of the rise reflected higher prices for food and clothing after the Brexit vote, a survey showed.  read more
Clothing & footwear to drive UK E-retail spend to £68.8 billion by 2022

Clothing & footwear to drive UK E-retail spend to £68.8 billion by 2022

18/09/2017 - 10:59
The UK E-retail market is forecast to rise 35% over the next five years reaching £68.8 billion by 2022, according to GlobalData, a recognised leader in providing business information and analytics. read more
UK economy takes a hit as consumer spending slumps further

UK economy takes a hit as consumer spending slumps further

07/08/2017 - 12:47
UK consumers cut back on spending for a third month in July as house-price growth slowed sharply, dealing yet another blow to the economy. read more
UK retail has biggest June sales rise for six years

UK retail has biggest June sales rise for six years

10/07/2017 - 10:32
British shops enjoyed their biggest rise in June sales in six years, a survey showed on Friday, helped by warm weather and weak numbers in the same month last year. read more
UK consumer spending drops for first time in four years

UK consumer spending drops for first time in four years

12/06/2017 - 10:06
London - Inflation’s hold on the UK consumer is tightening and the economy is suffering as a result.  read more
Major UK retailers sign sustainable cotton pledge

Major UK retailers sign sustainable cotton pledge

07/06/2017 - 13:51
Some of the UK’s biggest retailers have signed up to the Prince of Wales’ International Sustainability Unit, promising to ensure 100 percent of their cotton will come from sustainable sources by 2025. read more
SA and UK start making plans for post-Brexit trade

SA and UK start making plans for post-Brexit trade

18/05/2017 - 09:17
Nations agree in principle to implement interim arrangement based on existing EU partnership deal. read more
Tesco introduces shopping filter app for customers with diets and intolerances

Tesco introduces shopping filter app for customers with diets and intolerances

17/05/2017 - 15:06
British retailer Tesco has announced a partnership with Spoon Guru to help its customers with specific diets and tastes to quickly and easily find suitable food when shopping. read more
Tesco pledges to source 100% of power from solar by 2030

Tesco pledges to source 100% of power from solar by 2030

15/05/2017 - 16:42
UK retailer Tesco has said that it plans to source 100% of its electricity from solar power by 2030, and will also push its suppliers to adopt a ‘greener’ mindset, according to local press reports. read more
Customers turn to peers to inform purchases instead of retailers

Customers turn to peers to inform purchases instead of retailers

12/05/2017 - 12:08
Despite retailers’ best efforts to improve customer experience and engagement, research indicates that the majority of UK consumers look to peers when making a purchasing decision, rather than the retailer or brand. read more
The rise and rise of pop-up shops and what it means for retail

The rise and rise of pop-up shops and what it means for retail

24/04/2017 - 11:37
Pop-up retail has taken the UK by storm over the last few years, with temporary shops now proving a staple in many of the country’s busiest retail spaces.  read more
UK beer exports to China rose 500% over 2016

UK beer exports to China rose 500% over 2016

29/03/2017 - 17:05
The British Beer and Pub Association (BBPA) has revealed that beer exports to China and India have boomed by 500% and 417% respectively. read more
UK retail sales unexpectedly decline as inflation bites

UK retail sales unexpectedly decline as inflation bites

20/02/2017 - 09:39
London - UK retail sales unexpectedly fell for a third month in January, suggesting consumers are starting to feel the squeeze from accelerating inflation. read more
Kids Emporium launches in the UK

Kids Emporium launches in the UK

25/08/2016 - 11:26
Undeterred by Brexit, South African entrepreneur Lauren de Swardt launched her franchise, Kids Emporium in Guildford, England. While the store only officially opened in July 2016, it is already creating a stir in the UK. read more
Tesco stores along London's night tube lines to open 24 hours

Tesco stores along London's night tube lines to open 24 hours

22/08/2016 - 09:47
Tesco is jumping on the night tube bandwagon by opening an additional seven of its London stores for 24 hours this weekend. read more
UK retailers wobble under Brexit fallout

UK retailers wobble under Brexit fallout

29/07/2016 - 10:53
U.K. retail sales fell at the fastest pace in more than four years this month, according to business and research organization CBI.  read more
UK retail sales fall 0.9% after Brexit referendum

UK retail sales fall 0.9% after Brexit referendum

21/07/2016 - 15:37
London - UK retail sales had their biggest drop in six months in June, adding to signs that the vote to leave the European Union is starting to bite.  read more
Cool weather dents H&M’s monthly sales - UK

Cool weather dents H&M’s monthly sales - UK

17/05/2016 - 08:35
London - Hennes & Mauritz shares fell after the clothing retailer said sales in April were hurt by unseasonably cool weather in many parts of Europe. read more
Togo’s chocolate surge a sweet deal for farmers - UK

Togo’s chocolate surge a sweet deal for farmers - UK

16/05/2016 - 15:50
London - Organic, fair trade chocolate has proved popular in recent years, especially with ethically minded Western consumers keen to give cocoa farmers around the world a better deal. read more
Tesco slumps as investors shop elsewhere - UK

Tesco slumps as investors shop elsewhere - UK

07/04/2016 - 09:50
London - Tesco's stock market rally faltered yesterday, as investors cashed in on this year's 27 percent share price rise despite fresh evidence that its turnaround plan has been paying off. read more
Kids Emporium set to open UK store

Kids Emporium set to open UK store

29/03/2016 - 10:21
Cape Town - South African retailer, Kids Emporium is set to open in the UK. read more
Five trends that point to a new era for retail - USA

Five trends that point to a new era for retail - USA

11/02/2016 - 14:22
Stores that double as classrooms, sensory-rich environments, and a rental versus a buy retail model. These are three of the five trends that shopping centre developer Westfield believes will shape the future of retailing.  read more
Sainsbury’s did better than rivals - UK

Sainsbury’s did better than rivals - UK

10/02/2016 - 09:54
London - British supermarket Sainsbury's continued to outperform the industry in the early weeks of 2016, industry data showed on Tuesday. read more
Truworths in R5.5bn UK buy

Truworths in R5.5bn UK buy

30/11/2015 - 12:43
Truworths [JSE:TRU] has joined other South African retailers by investing in European companies after it announced on Monday that it is acquiring 88.9% of UK-based Office Retail Group for R5.5bn. read more
Beer deal bets on rise of Africa’s drinkers - UK

Beer deal bets on rise of Africa’s drinkers - UK

28/10/2015 - 10:26
London - Charles Kwara and his friends sit around an earthenware pot, sipping a frothy grey drink through long straws as laughter fills the Charismatic Club in the slums of Kampala, Uganda’s capital.  read more
Tesco installs self-service coin machines from Cummins Allison - UK

Tesco installs self-service coin machines from Cummins Allison - UK

14/10/2014 - 09:24
England - Cummins Allison, a leading provider of coin and currency handling solutions, announced that its customer, British grocery giant Tesco, has deployed self-service coin machines, enhancing customer service and solving a key space problem across multiple store locations in the U.K. read more
JSE stocks end lower

JSE stocks end lower

22/09/2014 - 13:49
Johannesburg - South African stocks ended Friday slightly lower as subdued commodity prices and concerns about Chinese growth pulled resource shares down, although global market relief propped up other sectors over the outcome of Scotland's referendum.  read more
UK markets swing towards Scottish ‘No’ - UK

UK markets swing towards Scottish ‘No’ - UK

19/09/2014 - 10:24
UK Markets were laying bets that Scots would vote “No” on independence yesterday, pushing the pound to a two-year peak against the euro and Scotland-based stocks higher in the final hours of polling. read more
SABMiller: Sharing Rio’s chair ‘a concern’

SABMiller: Sharing Rio’s chair ‘a concern’

07/08/2014 - 12:16
Shareholders in Rio Tinto and SABMiller should be concerned about sharing a chairperson next year, a UK adviser to investors with £1.5 trillion (R27 trillion) in assets said yesterday.  read more
Consumer optimism to benefit intu’s malls

Consumer optimism to benefit intu’s malls

01/08/2014 - 10:31
Property firm, intu Properties is encouraged by the continuing improvement in consumer sentiment and gradual growth in national retail sales in the UK.  read more
Pepkor UK seen as step towards retail acquisition

Pepkor UK seen as step towards retail acquisition

17/06/2014 - 13:40
Christo Wiese has set up a shell company in the UK, triggering speculation that the retail tycoon is inching closer to an acquisition in the country’s clothing market. read more
Tesco will meet lower profit range

Tesco will meet lower profit range

22/01/2014 - 11:20
London - Tesco, the world's third biggest retailer, said it was on course to meet a lowered range for full-year trading profit after another heavy drop in underlying sales in its main British market.  read more
Edcon to sell top UK clothing brand

Edcon to sell top UK clothing brand

19/12/2013 - 10:08
Johannesburg - The country's fashion industry has been set a twitter by the news that one of the biggest and most recognised clothing brands on the British high street will soon be found in South Africa. read more
UK: Sports mania hindering sales, John Lewis

UK: Sports mania hindering sales, John Lewis

22/07/2013 - 10:51
London - John Lewis, Britain's biggest department store firm, has blamed Andy Murray's Wimbledon triumph, the first Ashes test in cricket and a heat wave for keeping shoppers out of its stores last week.  read more
Getting Chinese to drink more South African wine

Getting Chinese to drink more South African wine

19/07/2013 - 07:29
Cape Town - The Western Cape department of agriculture, together with Wines of South Africa, recently hosted the second Beijing Wine Tasting in China.  read more
Big UK grocers facing pressure

Big UK grocers facing pressure

17/07/2013 - 08:37
London - Britain's "Big Four" grocers are under increasing pressure to hang onto shoppers being enticed by discount products at retailers Aldi and Lidl and higher-end offers at Waitrose, monthly industry data showed on Tuesday. read more
'Tesco turnaround could take 3 years'

'Tesco turnaround could take 3 years'

03/07/2013 - 12:10
London - A former chairman of Tesco, the world's No.3 retailer, said that restoring the store group's fortunes could take up to three years and appealed to investors to give Chief Executive Phil Clarke sufficient time. read more
Major UK retailer to enter mobile service market

Major UK retailer to enter mobile service market

02/07/2013 - 10:23
Sainsbury, Britain’s third-biggest supermarkets operator, said on Monday it is to enter the mobile phone service market later this year as it seeks to add more business streams to complement its core grocery offer. read more
CEO: UK consumers can drive tax change

CEO: UK consumers can drive tax change

26/06/2013 - 09:33
London - Britain's consumers, rather than its politicians, are more likely to bring about change in the country's taxation regime, the boss of its third-largest grocer, J Sainsbury, said on Tuesday. read more
Two Zambeef trucks impounded

Two Zambeef trucks impounded

25/06/2013 - 08:44
The Zambia Revenue Authority (ZRA) at Katima Mulilo border has impounded two Zambeef trucks carrying meat products imported from Ireland.  read more
Tesco could face investor revolt

Tesco could face investor revolt

25/06/2013 - 07:43
London - Tesco, the world's third-biggest retailer, could face a revolt over executive pay at its annual shareholders' meeting on Friday after an advisory group urged investors to oppose the supermarket group's remuneration report. read more
UK grocers sign up to label scheme

UK grocers sign up to label scheme

19/06/2013 - 08:51
London - Britain's major food manufacturers and retailers have agreed to follow the same system of nutritional labelling as part of a government initiative to tackle obesity and poor diet and ease the financial burden on health services. read more
What the world thinks of South Africa

What the world thinks of South Africa

04/06/2013 - 08:39
A BBC World Service 2013 Country Ratings poll has revealed that global sentiment towards South Africa remains positive, overall, but only just. read more
UK consumer morale is up

UK consumer morale is up

31/05/2013 - 09:31
London - British consumer sentiment hit a six-month high in May, and a leading business association revised up its growth forecasts for the first time since the financial crisis, adding to hopes that a tentative recovery is under way. read more
UK: M&S reports second year of profit decline on fashion-line woes

UK: M&S reports second year of profit decline on fashion-line woes

21/05/2013 - 09:06
Marks & Spencer Group Plc (MKS), the U.K.’s largest clothing retailer, said annual profit fell 5.8 percent as consumers spent less on its fashion goods, even as food sales increased.  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
UK: New £7m Skelton Asda store to open this summer

UK: New £7m Skelton Asda store to open this summer

08/05/2013 - 10:37
Asda will open its controversial multi-million-pound store in East Cleveland this summer, the retail giant has confirmed. read more
UK manufacturing contracts slightly

UK manufacturing contracts slightly

06/05/2013 - 08:00
London - British manufacturing contracted by the narrowest of margins in April, and much less than expected, the first major set of data for the second quarter of the year showed on Wednesday. read more
British economy grows in first quarter

British economy grows in first quarter

25/04/2013 - 15:39
London - Britain's economy dodged a return to recession and grew faster than expected in the first three months of this year, providing some political relief for a government under fire over its austerity drive. 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
Peroni helps SABMiller to shrug off declining UK lager market

Peroni helps SABMiller to shrug off declining UK lager market

24/04/2013 - 08:08
Demand for Peroni has pushed brewing giant SABMiller to an increase in UK sales, despite an overall decline in the domestic lager market. read more
Tesco posts first drop in annual profits for almost two decades

Tesco posts first drop in annual profits for almost two decades

19/04/2013 - 13:39
On Tesco’s full-year results, David Gray, Retail Analyst at Planet Retail, commented:  read more
New HTC phone to rollout this week

New HTC phone to rollout this week

25/03/2013 - 07:45
Taipei - Taiwan's HTC on Sunday announced its much-anticipated new flagship smartphone will go on sale in three countries this week, although the rollout elsewhere will only take place by the end of April. read more
UK supermarkets in petrol price war

UK supermarkets in petrol price war

14/03/2013 - 07:22
Cape Town - Slashing petrol prices worth up to £2 per fill-up of petrol have sparked a price war among supermarkets, in the wake of months of hikes, reported the UK's Mail Online. read more
Mastercard heads to mobile with virtual wallet

Mastercard heads to mobile with virtual wallet

26/02/2013 - 08:56
Mastercard unveiled its bid to dominate the mobile payments market on Monday with a ‘virtual wallet’ allowing customers to keep personal payment details in their phone and avoid checkouts by scanning bar codes in-store to pay. read more
UK is still Australia's biggest wine export market

UK is still Australia's biggest wine export market

29/01/2013 - 11:15
The UK remains Australia’s biggest wine export market, increasing by three per cent in 2012 according to a report released by Wine Australia. read more
UK: Capital Shopping Centres invests £25m in new brand

UK: Capital Shopping Centres invests £25m in new brand

18/01/2013 - 08:37
Johannesburg - UK specialist shopping centre owner Capital Shopping Centres [JSE:CSO] is investing £25m to create a nationwide consumer-facing shopping centre brand - intu - and a transformed digital proposition‚ the company said on Tuesday. read more
British manufacturing output slumps

British manufacturing output slumps

14/01/2013 - 07:35
London - British manufacturing output fell in November and industrial production was weaker than expected, official data showed on Friday, sparking renewed speculation that the economy shrank at the end of 2012. read more
South Africa emerges as 3rd largest export destination

South Africa emerges as 3rd largest export destination

14/01/2013 - 01:44
The year 2012 started off on a negative note with exports in January and February declining by 4 and 9 per cent respectively, compared to the corresponding months in 2011. However, exports have since picked up and as at November 2012, exports of Export Oriented Enterprises (EOEs) recorded a growth compared to January to November 2011. read more
UK: Kellogg’s and United Biscuits to offer cashback mobile couponing service

UK: Kellogg’s and United Biscuits to offer cashback mobile couponing service

04/12/2012 - 10:09
Kellogg’s and United Biscuits have signed up to trial a cashback mobile couponing service from Shopitize. read more
UK: Comet to shut 125 more stores, with loss of up to 2,500 jobs

UK: Comet to shut 125 more stores, with loss of up to 2,500 jobs

03/12/2012 - 09:07
Comet is to close a further 125 stores – with the loss of 2,500 jobs – over the next few weeks, and it may shut down its entire business before the end of the year unless a buyer can be found, the administrator, Deloitte, has warned. read more
Britain set to officially exit recession

Britain set to officially exit recession

22/10/2012 - 07:46
London - Britain was this week set to confirm its official exit from a deep recession, although a return to growth would fail to signal a rosy future for the country's fragile economy, according to analysts.  read more
British unemployment drops to 7.9%

British unemployment drops to 7.9%

18/10/2012 - 08:24
London - The number of unemployed people in recession-hit Britain fell by 50 000 to 2.53 million in the quarter to August from the total in the previous quarter, official data showed on Wednesday.  read more
Burberry Advances Most in Three Years as Sales Bring Relief

Burberry Advances Most in Three Years as Sales Bring Relief

12/10/2012 - 10:21
Burberry Group Plc, (BRBY) the U.K.’s largest luxury-goods maker, rose the most in three years in London trading after reporting a partial recovery in retail sales growth since September’s profit warning.  read more
SA not seeking 'wine war' with UK

SA not seeking 'wine war' with UK

12/10/2012 - 08:58
Cape Town - South Africa on Thursday said it wants to avoid a tit-for-tat alcohol import war with Britain over increased bulk wine sales that have cost jobs in the local bottling industry. read more
South African wines make it onto Walmart stores’ shelves

South African wines make it onto Walmart stores’ shelves

11/10/2012 - 08:51
Local suppliers are starting to reap the benefits of Walmart’s presence in South Africa. A recent success story has been Seven Sisters, a range of locally produced wines from the Swartlands area in the Western Cape. The wines were launched in South Africa in 2007 and the estate now offers seven wines each named after one of the seven sisters who are also the producers of the wine. read more
GlaxoSmithKline profits up on lower tax

GlaxoSmithKline profits up on lower tax

26/07/2012 - 09:01
London - British drugmaker GlaxoSmithKline on Wednesday said its second quarter net profit rose 13.3% from a year earlier to £1.21bn. read more
Designer label Thomas Pink opens shirt store in SA

Designer label Thomas Pink opens shirt store in SA

28/06/2012 - 08:41
Large-collared shirts, such as the ones sported by so-called tenderpreneurs in SA, are out of fashion this season, at least according to LVMH-owned Thomas Pink, which opens its first store in Africa today. read more
Tesco's UK sales fall as plan struggles

Tesco's UK sales fall as plan struggles

12/06/2012 - 08:08
London - Tesco, the world's third-biggest retailer, has seen a drop in quarterly underlying sales in its main British market, it reported on Monday, showing its recovery plan following a shock profit warning in January is taking time to gain traction. read more
UK retailer using RFID tags to reduce shrink

UK retailer using RFID tags to reduce shrink

30/05/2012 - 08:44
U.K. retailer Sainsbury's has chosen Checkpoint Systems Inc. to create its labels and swing tickets for its new Gok for TU clothing range, designed by British fashion expert and TV presenter Gok Wan. read more
UK retail sales dip, jobs growth slows

UK retail sales dip, jobs growth slows

10/05/2012 - 08:51
British retail sales fell at their fastest rate in more than a year last month and jobs growth slowed, nudging the economy closer to a third quarter of contraction and raising the chance of another cash boost from the central bank. read more