ARTICLES RELATING TO RETAIL

Nestlé to spend $200m revamping factories

2014-09-17 19:35

Nestlé will invest around $200m expanding its coffee factory in South Africa and revamping other facilities producing consumer goods.

Famous Brands and Total SA extend partnership

2014-09-17 10:42

Famous Brands has expanded its existing relationship with strategic alliance partner Total SA to introduce a new offering to upper-end metropolitan service stations.

No takers for Ukraine president's sweet empire

2014-09-15 12:27

Despite the opportunity it offers in a fast-growing market, it's not easy finding a buyer for Ukrainian President Petro Poroshenko's $1.2bn confectionery empire.

Retrenchments, closures planned for Ellerine

2014-09-14 11:41

African Bank's loss-making Ellerine furniture group has started a process of retrenching staff and closing certain shops.

S Korea aims to double cigarette prices

2014-09-11 14:48

South Korea has proposed a tax hike as early as next year that would nearly double cigarette prices as the government tries to reduce smoking rates.

Glenfiddich owner buys Drambuie

2014-09-08 13:30

William Grant & Sons, the UK-based maker of Glenfiddich whisky and Hendrick's Gin, has acquired Drambuie for an undisclosed price.

Pioneer eyes separate listing for Quantum

2014-09-05 14:14

Pioneer Foods has announced plans to spin off its Quantum Foods unit, with the aim of listing it as a separate entity on the JSE.

Mr Price lifts four-month sales

2014-09-03 16:19

Mr Price Group boosted sales by 16% in the first four months of its fiscal year, bucking the slowing trend in the retail sector.

Woolworths finalises R9.98bn rights offer

2014-09-02 16:56

Woolworths has finalised the terms of a rights offer to raise nearly R10bn through 167.8 million new ordinary shares, says the company.

JD Group soars on finance unit sale news

2014-09-02 10:16

The share price of JD Group has jumped more than 5% in early trade after the struggling furniture retailer said it will sell its financing arm.

Protests against Woolworths Israeli trade

2014-09-01 15:56

Protests against Woolworths for having Israeli products on its shelves were organised by BDS SA at about 40 locations in SA.

Woolworths plans R10bn rights offer

2014-08-29 14:12

Woolworths says it plans to raise R10bn through a rights offer to help repay financing for its acquisition of Australia's David Jones

Woolworths profit hit by David Jones costs

2014-08-28 10:36

Woolworths has reported a lower-than-expected increase in full-year profit, having been hit by costs related to its acquisition of Australia's David Jones.

Tesco sales worsen as UK grocery market slows

2014-08-27 13:00

Tesco has been served a stark reminder of the challenge to revive Britain's No.1 grocer, as industry data shows its sales decline has worsened.

Heinz recall highlights source tracking

2014-08-25 10:19

The entanglement of Heinz in China's latest food scare highlights a key concern - how to keep track of ingredients from diverse sources.

Dipula acquires six shopping malls

2014-08-21 18:27

Dipula Income Fund has announced that it will acquire a portfolio of six rental income producing retail properties from for R425m.

Edcon reports R6.6bn in quarterly sales

2014-08-21 14:18

Unlisted retailer Edcon has posted a 5.7% rise in retail sales to R6.6bn for the quarter ended June 28 2014.

Russia ramps up McDonald's scrutiny

2014-08-21 11:39

Russia's state food safety watchdog has begun unscheduled checks in several regions, a day after four branches in Moscow were shuttered by the same agency.

Massmart sees lower earnings, shares plunge

2014-08-20 11:33

Massmart Holdings, the SA unit of Wal-Mart Stores, says its first-half earnings have fallen, sending the retailer's shares lower.

Shoprite's profit growth lags consensus

2014-08-19 10:13

Shoprite has missed estimates with a 3.3% rise in full-year profit as consumers battling high personal debt and rising prices cut spending.

Massmart to reinstate retrenched workers

2014-08-19 07:59

Massmart has initiated a plan to reinstate employees who were retrenched in 2009 and 2010, according to the Competition Commission.

Japan's Kewpie adapts menu to feed elderly

2014-08-18 12:30

Almost 55 years later, the Tokyo-based company sees a new opportunity opening up in rapidly ageing Japan - what it calls "nursing care food" for the elderly.

Spar's UK deal good for SA

2014-08-14 20:05

Analysts give the thumbs up to Spar Group’s acquisition of the brand in Ireland and supermarkets in other parts of the UK.

China's economic data points to further softness

2014-08-13 14:30

China's economy has shown further signs of softening in July despite a burst of government stimulus measures, suggesting more policy support may be needed.

 

Edgars' profits hit by Zim's informal sector

2014-09-17 16:42

Growing competition from low priced clothing from Zimbabwe’s rapidly growing informal sector has contributed to Edgars Zimbabwe’s 9.7% half-year profit decline.

Walmart spokesperson resigns

2014-09-16 09:04

Walmart's chief spokesperson has resigned after the company allegedly found that he lied about his academic record in his resume.

Tesco seeks to be UK's best-loved grocer

2014-09-15 11:15

Tesco has spent more than £1bn to win shoppers back with better-looking stores and product promotions but experts say there is a more fundamental problem to fix.

Jooste: Change coming in SA furniture industry

2014-09-14 15:21

A new furniture store concept is being tested in SA, which is based on the larger furniture stores Steinhoff owns in Europe, says Steinhoff CEO Markus Jooste.

Taste Holdings issues trading statement

2014-09-12 11:13

The directors of Taste Holdings have issued a trading statement regarding upcoming results substantially earlier than in prior years.

Steinhoff increases revenue to R117bn

2014-09-10 15:19

Steinhoff International Holdings aims to turnaround troubled JD Group after posting a 20% revenue jump for the year ended June, CEO Markus Jooste tells Fin24.

Tesco boss to make management changes

2014-09-05 14:15

The new chief executive of Tesco has announced possible management changes for the troubled British grocer.

Pioneer plummets

2014-09-04 11:12

Shares in Pioneer Foods have dropped sharply after the food manufacturer said it expects full-year earnings to rise by more than 20% compared with last year.

Russian restaurant chain hit hard by food bans

2014-09-02 17:00

Moscow's sweeping sanctions on European and US food have left the supply chain of Rosinter, one of Russia's largest restaurant chains, in tatters.

McDonald’s conducts supplier audits in China

2014-09-02 16:30

McDonald's will increase the number of audits it conducts of suppliers in China after a food scandal in July dented China sales at US fast food chain.

Burger King manoeuvres to cut US tax bill

2014-09-02 09:58

The Burger King rate is 30% lower than the average tax rate it paid in the five years before it was bought in 2010 by private equity group 3G.

Foschini produces solid results

2014-09-01 14:45

The Foschini Group has produced a solid result for the year in a difficult trading environment, says CEO Doug Murray.

Tesco slashes profit forecast as trading slumps

2014-08-29 10:45

Britain retailer Tesco has cut its profit forecast for the third time in three years and slashed its interim dividend by 75% as tough conditions continue.

Moscow courts back closure of McDonald's

2014-08-28 10:00

Russian courts have backed the temporary closure of three McDonald's restaurants in Moscow for breaches of sanitary rules.

Imperial earnings down, shares fall

2014-08-27 10:10

Auto dealer and logistics group Imperial Holdings has reported a drop in full-year profit as a weakening rand weighed on its auto importing business.

Truworths meets expectations, shares surge

2014-08-21 19:00

Truworths has broadly met forecasts with a slight growth in annual profit, though the increase was at its slowest pace since 1999.

Pick n Pay ups Zim investments

2014-08-21 14:21

Supermarket chain Pick n Pay has released $40m split towards funding for an additional equity share and refurbishments of Zimbabwean retailer TM Supermarkets.

Russia inspects McDonald's restaurants

2014-08-21 13:15

Russian food safety watchdog is conducting unscheduled checks at McDonald's restaurants in the Sverdlovsk region.

Swedish giant to open at V&A Waterfront

2014-08-20 15:00

A Swedish retailer has confirmed that it will be opening a South African store in Cape Town’s V&A Waterfront in 2015.

Heinz to tighten supplier controls in China

2014-08-19 12:34

US foodmaker HJ Heinz will tighten controls over suppliers in China after it was forced to recall some infant food products from Chinese store shelves.

China lead contamination scare hits Heinz

2014-08-19 09:48

US foodmaker HJ Heinz has recalled some infant food products in China after a report that they contained excessive levels of lead.

Heinz recalls batches of infant food in China

2014-08-18 16:45

Ketchup maker HJ Heinz has recalled some infant food in eastern China after it was found to contain lead in excess of the allowable limit.

Coke buys $2.15bn stake in Monster

2014-08-15 14:30

Coca-Cola has announced it will pay $2.15bn for a 16.% stake in Monster Beverage, cementing a distribution-based link between the two.

M&S patches up 'consumer love affair'

2014-08-14 14:00

British retailer Marks & Spencer is close to having both its food and general merchandise divisions "firing on all cylinders".

Retail sales flat at 0.0%

2014-08-13 14:00

Retail sales have been flat at 0.0% year-on-year in June, sharply undershooting market expectations, compared with a revised 2.6% expansion in May.

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