Truworths results reflect pressure on consumer spending

2017-08-17 18:03

Truworths International has encountered tough economic conditions in the local and UK markets in the 53-week financial year to July 2 2017.

Angry Birds maker said to plan IPO at $2bn value

2017-08-14 10:31

Rovio Entertainment is planning an initial public offering as early as next month that could value the maker of the Angry Birds mobile games and movie at about $2bn.

Stuttafords Saga: Lessons to be learnt

2017-08-06 17:55

Analysts weigh in on lessons South African clothing retailers can learn from Stuttafords' fall.

Moloi-Motsepe: Why SA fashion must be nurtured

2017-08-04 07:00

The SA fashion industry is not yet as huge as one would like to see it, says Dr Precious Moloi-Motsepe, founder of African Fashion International.

Stuttafords takes its last bow

2017-08-02 06:01

Stuttafords chief executive Robert Amoils gives an update on the department store, which has closed its doors now that a final bidding process has been unsuccessful.

Nestlé outlook for weakest sales in 20 years gives Loeb ammo

2017-07-27 09:45

Nestlé SA has warned that sales growth this year will be the weakest in at least two decades, giving activist investor Dan Loeb ammunition for his campaign.

McDonald's boosts customer traffic in key milestone for CEO

2017-07-25 16:15

McDonald’s is getting customers back into its restaurants after years of declining traffic, helped by drink deals and more upscale burgers.

Stuttafords saga: A Hail Mary to save 159 years of shopping

2017-07-25 07:51

As Stuttafords prepares to close its last two stores, can a last-minute bid save the 159-year old icon?

Richemont's hippie-chic Chloe bags sell as watches struggle

2017-07-21 18:05

$10 000 watches are a tough sell for Richemont these days, but shoppers are snapping up $2 000 Marcie handbags from the company’s fashion and leather label Chloe.

UK retail sales rebound as heat wave boosts clothing demand

2017-07-20 11:00

UK retailers have received a summer boost as sweltering temperatures spurred sales of clothing.


Positive retail sales suggest a rebound in GDP

2017-08-16 16:46

Retail sales for June 2017 were up 2.9% over the past year, the strongest performance since November 2016, says an analyst.

Steinhoff in renewed bid for R35.5bn stake in Shoprite

2017-08-07 13:58

Steinhoff will be listing its African business unit, which plans to acquire a stake in Shoprite.

The new face of SA clothing

2017-08-06 13:31

Top textile executive Herman Pillay is working hard to invigorate the sector.

Jacket economics: Why the huge price gap?

2017-08-04 05:00

One jacket, same store, two different countries - Daniel Silke shows just how price points in Australia can differ to those in South Africa.

Adidas jumps as sneaker, sportswear sales drive profit upgrade

2017-07-28 10:30

Adidas shares have risen after the German sneaker maker increased its revenue and profit forecasts, helped by strong sportswear sales and brand streamlining.

Hennessy sees Kenya as growth frontier as cognac sales start

2017-07-26 09:45

Hennessy, the world’s largest maker of cognac, has started distributing its products in Kenya to tap Africa’s second-largest luxury-goods market.

Michael Kors to buy shoemaker Jimmy Choo for £896m

2017-07-25 09:23

Michael Kors has agreed to buy Jimmy Choo for about £896m, clinching the London-based maker of strappy stilettos, handbags and perfume.

Stuttafords Saga: How Nenegate brought down the store

2017-07-24 13:23

Stuttafords chief executive Robert Amoils shares with Fin24 how the economic downturn, starting the day former finance minister Nhlahla Nene packed his bags, brought the retailer to its knees.

Swatch's strong forecast bolsters decision to keep workers

2017-07-21 12:26

When sales of Swiss watches began their long slide, Swatch CEO Nick Hayek refused to cut his workforce, saying he’d need skilled employees when demand bounced back.

Unilever sales meet estimates as prices increase

2017-07-20 08:59

Unilever has reported second-quarter sales growth in line with estimates as the company raised prices to offset stagnant volume.

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