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WHOLESALE NEWS ON FASTMOVING

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Technology makes end-to-end supply chain visibility and predictive analytics a reality

Technology makes end-to-end supply chain visibility and predictive analytics a reality

20/05/2019 - 09:31
Line of sight is the biggest challenge for all aspects of the supply chain, from the manufacturer to the wholesaler, distributor, and the reseller and even to the end consumer. This lack of visibility and resulting lack of control results in a number of issues, from stock losses to pricing inflation, uncertain availability and increased time to market.  read more
Growing import demand contributes to expanding logistics and warehousing sector

Growing import demand contributes to expanding logistics and warehousing sector

16/11/2018 - 11:05
The inflow of imports, most consumer goods, is contributing to increasing demand for storage, logistics and warehousing services in South Africa, and a clear correlation is visible in the trend of wholesale and retail trade sales in comparison to imports. read more
Trade surplus in June surprises at more than double the forecasts

Trade surplus in June surprises at more than double the forecasts

03/08/2018 - 09:19
SA recorded a substantial surplus of R12bn in June, beating market expectations. This follows May’s surplus of R3.5bn, which was revised upwards by R0.33bn. read more
Wholesaler sales lift in May after two months of contraction

Wholesaler sales lift in May after two months of contraction

23/07/2018 - 13:49
Wholesalers sold R168.5bn worth of goods in May, double the R84.7bn sold by retailers, Statistics SA says. read more
Wholesale trade drops as fuel levies and VAT increase take effect

Wholesale trade drops as fuel levies and VAT increase take effect

15/06/2018 - 10:22
April’s wholesale trade declined 2.6% from the same month in 2017, Statistics SA reported. read more
Tesco completes Booker takeover

Tesco completes Booker takeover

06/03/2018 - 12:48
Tesco’s drawn-out takeover of Booker was finally completed following last week’s approval by both sets of shareholders. read more
Spar’s biggest supplier explores £100m sale

Spar’s biggest supplier explores £100m sale

11/08/2017 - 10:10
The biggest supplier of convenience store chain giant Spar is poised to sell its wholesale arm, aiming to cash in on the rapidly changing market. read more
Wholesale might be tempting, but are the grocers going to be led astray?

Wholesale might be tempting, but are the grocers going to be led astray?

10/08/2017 - 15:05
2017 may have made wholesale improbably sexy for the grocers – the Tesco-Booker deal has lured its competitors into trying new things – but not all of them will succeed in the chase.  read more
Growth in wholesale trade sales slows

Growth in wholesale trade sales slows

15/09/2016 - 11:10
WHOLESALE trade sales rose 1.2% year on year in July, following a revised 1.7% increase in June, Statistics SA said on Thursday. read more
Consumer goods boost Sefalana returns, Botswana. Retail and wholesale

Consumer goods boost Sefalana returns, Botswana. Retail and wholesale

04/02/2014 - 09:14
Sefalana Holding Company Limited has not departed from the trend of impressive results that have been posted by listed companies in the past half year. The Group’s unaudited financial results for the half year ended 31 October 2013 indicate rises in revenue, gross profits, profit before tax and equities. read more
Namibia, GDP registers 2.3% growth in second quarter

Namibia, GDP registers 2.3% growth in second quarter

23/09/2013 - 11:02
The latest second quarter GDP report released by the Namibia Statistics Agency shows that the economy recorded a slow growth of 2,3% in the second quarter of this year compared to an increase of 12,3% in the same period last year.  read more
Massmart leads retail rally

Massmart leads retail rally

16/09/2013 - 11:52
Johannesburg - Massmart Holdings Inc., the South African supermarket chain owned by Wal-Mart Stores Inc., is leading the country’s index of retailers as it heads for the longest winning streak in nine months. read more
Massmart sales growth slows

Massmart sales growth slows

12/07/2013 - 10:12
Johannesburg - Massmart, South Africa’s biggest food and goods wholesaler, said sales growth slowed during the first half of the year amid a downturn in consumer spending. read more
Walmart removes India operations president Raj Jain

Walmart removes India operations president Raj Jain

08/07/2013 - 08:59
US retail major WalMart recently announced a top level change in its Indian operations with President Raj Jain being replaced by Ramnik Narsey, who is currently Senior Vice-President for Walmart International, with immediate effect.  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 opens Saverite in Mozambique

Massmart opens Saverite in Mozambique

19/04/2013 - 13:11
Masscash, a division of Massmart, has expanded its presence in Mozambique with the opening of a newly built Saverite store in the district of Xai Xai, 200km away from Maputo. read more
Reports: Costco looks to develop e-commerce in China

Reports: Costco looks to develop e-commerce in China

09/04/2013 - 10:42
New York -- Costco Wholesale appears to be eyeing China's online commerce market, according to published reports. read more
Walgreens profit rises in Q2; unveils blockbuster partnership

Walgreens profit rises in Q2; unveils blockbuster partnership

20/03/2013 - 13:34
New York -- Walgreens reported a better-than-expected profit on flat sales for its second quarter Tuesday morning and unveiled an expanded partnership with AmerisourceBergen that could give the pharmacy operator an equity position and seat on the drug wholesaler’s board. read more
Group announces investment In Uganda’s biggest pharmacy chain

Group announces investment In Uganda’s biggest pharmacy chain

01/02/2013 - 08:58
The Abraaj Group, one of the world’s leading private equity investors in global growth markets has announced an investment in Vine Pharmaceuticals, the largest pharmacy retail chain in Uganda.  read more
Namibia: Solar power saves supermarket 40% on electricity bill

Namibia: Solar power saves supermarket 40% on electricity bill

10/01/2013 - 09:19
Woermann Brock /Ae//Gams supermarket is now driven by solar power, at least when the sun shines. This is the biggest commercial solar installation in Namibia to date and has been designed and installed by Solar Age in partnership with the German company, SolarWorld Africa. read more
India investigates Wal-Mart

India investigates Wal-Mart

19/11/2012 - 08:22
Indian authorities are investigating claims that Wal-Mart Stores Inc. violated foreign exchange rules when it invested $100 million in a domestic unit owned by its wholesale joint-venture partner, a law enforcement official said. read more
Informal sector boosts SA jobs

Informal sector boosts SA jobs

13/11/2012 - 08:00
Johannesburg - Employment in the month of October increased by an annualised rate of 1% boosted by the informal sector, according to the Adcorp Employment Index released on Monday. read more
July real wholesale sales up 8.8%

July real wholesale sales up 8.8%

20/09/2012 - 13:06
Johannesburg - Wholesale trade sales at constant 2000 prices for July increased by 8.8% year-on-year (y/y) compared with a 3.7% y/y growth in May‚ Statistics SA data showed on Thursday. read more
Sacci: Trade conditions more positive

Sacci: Trade conditions more positive

14/06/2012 - 09:08
Johannesburg - Trade conditions improved in May, the SA Chamber of Commerce and Industry (Sacci) said on Wednesday. read more
Woolies to triple sales proportion from Africa

Woolies to triple sales proportion from Africa

08/06/2012 - 08:47
Woolworths expects to more than triple the proportion of sales it derives from African countries north of the borders within seven years as it taps a growing middle and upper class. read more
Retailers in townships downplay Metcash

Retailers in townships downplay Metcash

06/06/2012 - 09:00
Local retailers’ expansion into under-serviced areas such as townships may have led to the collapse of what was once the biggest wholesale business in Africa, Metcash Trading Africa, which after 44 years is no more.  read more
Adcorp sounds alarm over sick leave

Adcorp sounds alarm over sick leave

11/05/2012 - 07:56
Johannesburg - South Africa lost R3.9bn worth of output last year to sick leave and absenteeism, recruitment company Adcorp said on Thursday. read more
Wholesale vs retail may herald SA growth switch

Wholesale vs retail may herald SA growth switch

20/04/2012 - 08:18
Far higher real wholesale sales growth than real retail sales in February may herald a switch from consumer-dependent SA economic growth to a more business-dependent growth.  read more
A silent job boom

A silent job boom

16/04/2012 - 11:37
Ignorance about career opportunities in the wholesale and retail sector deprives the youth of chances in one of the fastest growing sectors.  read more
Holdsport issues profit forecast

Holdsport issues profit forecast

02/04/2012 - 08:18
Holdsport (HSP), which runs the Sportsmans Warehouse and Outdoor Warehouse stores, on Friday said that its basic and headline earnings per share (HEPS) are expected to be between 350 cents and 360 cents for the year ended February. read more
Job growth drops in February

Job growth drops in February

13/03/2012 - 07:47
Johannesburg - Job growth slowed in February to an annual rate of 1.5% - or 24 000 jobs created, according to the Adcorp Employment Index released on Monday. read more
Economy grows 3.2%

Economy grows 3.2%

29/02/2012 - 08:24
Pretoria - South Africa's economy expanded to a growth rate of 3.2% in the fourth quarter of 2011, Statistics SA said on Tuesday.  read more
Holdsport ups sales

Holdsport ups sales

07/02/2012 - 07:30
Johannesburg - Holdsport (HSP), which runs the Sportsmans Warehouse and Outdoor Warehouse stores, said on Monday that total sales for the five months ended January 31, 2012 increased by 11.5% compared to the corresponding period last year. read more
Court overturns Pick n Pay sale hurdle

Court overturns Pick n Pay sale hurdle

01/12/2011 - 08:44
An Australian court overturned a decision by the country's competition watchdog to block wholesale firm Metcash buying stores from South Pick n Pay Stores [JSE:PIK] - a precedent that may make it harder to challenge future deals. read more
US retail sales rise broadly

US retail sales rise broadly

16/11/2011 - 08:35
Washington - US retail sales rose broadly in October and a gauge of New York state manufacturing showed growth this month for the first time since May, suggesting the economy started the fourth quarter with vigour. read more