ARTICLES RELATING TO RETAIL

Whistleblowers raise more alarms at Lewis

2016-08-26 20:21

The plot thickens in a high court case by Lewis directors, defending charges of being delinquent in the way customer accounts are handled.

Massmart profit rises as food sales grow

2016-08-25 08:49

Massmart Holdings first-half profit has risen 19% as increased food and liquor sales offset slower growth in its general merchandise and DIY offering.

Bid Corp sees growth across business

2016-08-24 15:33

Bid Corp is projecting growth across its businesses as the company seeks acquisitions to expand market share and increase its geographic reach.

Shoprite lifts profit despite commodity crunch

2016-08-23 21:04

Shoprite has reported a 17% jump in full-year profit, shrugging off competition in South Africa and buoyed by strong sales in Angola.

Swiss watch slump extends beyond a year

2016-08-23 10:00

Swiss watch exports have declined for a 13th consecutive month in July as Hong Kong, slipped to second place for the first time in almost a decade.

Estee Lauder forecast trails estimates as skincare struggles

2016-08-19 14:00

Estee Lauder has forecast full-year profit that trailed analysts’ estimates as restructuring costs and softer sales of skin-care products weigh on earnings.

Steinhoff market value can double in 5 years

2016-08-19 09:51

Steinhoff International Holdings isn’t done with deals and has the potential to double its market value over the next five years, says its chairperson.

UK acquisition helps Truworths perform

2016-08-18 15:59

Fashion retail group Truworths International's results have benefited from the acquisition of UK fashion footwear chain Office Retail Group.

Nestlé Nigeria sees margins pressured

2016-08-17 09:45

Nestlé Nigeria will struggle to maintain profit-margin growth in 2016 as the highest inflation in nearly 11 years and a lack of foreign currency stalls the economy.

Unilever to buy Blueair

2016-08-16 09:42

Unilever has agreed to buy Blueair, a Swedish maker of household air purifiers used to remove allergens so asthma sufferers can breathe more easily.

 

Basic grocery basket up R100 since Feb - Massmart

2016-08-26 12:29

A food basket containing items such as pilchards, maize and soap now costs R100 more than it did in February, up to R874 from R774, says Massmart Holdings.

Woolworths earnings beat estimates as food, clothing sales rise

2016-08-25 08:16

Woolworths Holdings has reported full-year profit that beat analyst estimates after food and clothing sales rose.

The Wiese touch as Shoprite eyes markets outside Africa?

2016-08-24 10:27

Shoprite CEO Whitey Basson say the retailer will consider expanding outside Africa as the continent’s largest food retailer seeks additional fast-growing markets.

Shopping centre industry gathers at annual congress

2016-08-23 20:12

The 20th Congress of the SA Council of Shopping Centres will take place at the Sandton Convention Centre.

Shoprite profit rises 17% amid tough retail conditions

2016-08-23 08:22

Shoprite’s full-year profit has risen to 17% due to its focus on giving the lowest prices while also subsidising the prices of basic foodstuffs.

Activists abandon #BoycottWoolworths campaign

2016-08-19 12:33

Activists behind the #BoycottWoolworths campaign say they have decided to broaden the campaign to target all Israeli products in any store.

Tougher trade puts pressure on retail property

2016-08-18 16:40

Retailers face a tougher environment despite real sales growth and there are indications of an increase in financial pressure in the retail property sector.

Nestlé revenue grows at weakest pace in seven years

2016-08-18 08:45

Nestlé has reported the slowest first-half sales growth since 2009 as the company struggled to raise prices.

Coty profit beats analysts’ estimates

2016-08-17 09:15

Coty, the seller of Calvin Klein fragrance and Rimmel makeup has reported profit that exceeded analysts’ estimates, helped by acquisitions and higher sales.

Beyond wheatgrass: vegan junk food is all the rage

2016-08-14 18:00

Vegan diets are considered by most as healthy and environmentally responsible, with celebrity poster children touting benefits like weight loss, clear skin and increased energy.

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