Retail sales decline to record low since global financial crisis

2017-03-15 18:05

Retails sales declined in January 2017, performing below market expectations and recording the worst performance since the global financial crisis.

UK retail bellwether slashes bonus as outlook toughens

2017-03-10 17:32

Britain’s retailers face a tough year and workers at John Lewis department stores and Waitrose supermarkets are bearing the brunt.

Truworths Zim posts 40.8% half-year sales drop

2017-03-10 14:40

ZSE-listed Truworths, owned 34.39% by Truworths International, has reported a 35.89% drop in revenue for the half-year ended January 8 2017.

Tenants at new Umhlanga R3bn mall cry foul

2017-03-06 10:15

Umhlanga's new R3bn Pearls Mall project is in danger of becoming a 'white elephant', its tenants have said.

Steinhoff to continue on growth trend

2017-02-28 19:55

International retailer Steinhoff is optimistic that the group will continue on its growth trend in sales.

Cross-border e-commerce grows 25% per year - report

2017-02-27 18:51

Cross-border e-commerce offers aggregate growth rates not available in most other retail markets, according to a report by DHL Express.

Massmart shares climb as profits improve on costs

2017-02-23 15:05

Walmart’s experience in controlling costs is helping Massmart improve profit as shoppers have been hurt by high food inflation.

SA e-commerce growing by leaps and bounds

2017-02-22 20:49

E-commerce in South Africa is growing by leaps and bounds, according to Efi Dahan, general manager of PayPal in Israel and Africa.

Christo Wiese says he'll learn from failed merger talks

2017-02-21 18:41

Shoprite chairperson Christo Wiese says the grocer has learned from failed merger talks with Steinhoff International and there are still ways that they can work together.

Who will Steinhoff target next after talks sour with Shoprite

2017-02-20 19:31

The collapse of the talks between Steinhoff and Shoprite to create Africa’s biggest retailer raises questions about Steinhoff’s next move, according to an analyst.


Zara owner's margin shrinks to lowest level in 8 years

2017-03-15 13:17

Inditex’s profitability has shrunk to an eight-year low as the retailer was confronted with higher garment costs and lowered prices to fend off increasing competition.

New Adidas CEO plans fast-fashion focus to catch up to Nike

2017-03-10 17:07

Adidas’s new CEO is doubling down on surging sales of casual sneaker lines like Stan Smith and Tubular to transform the German sportswear maker into a fast-fashion business.

Lindt profit misses estimates as US market shrinks

2017-03-07 14:30

Lindt has reported full-year profit slightly below analysts’ estimates as the US market shrank.

Unilever to be charged for cartel activity

2017-03-01 16:10

The Competition Commission wants Unilever to pay a fine of 10% of its annual turnover in a cartel case.

Walmart upgrades app to add pharmacy refills, money transfers

2017-02-28 09:30

Walmart, looking to lock in more customers with its mobile-phone app, is updating the software so it can be used to skip the line at the pharmacy counter.

Uber, Airbnb set scene at CT e-commerce conference

2017-02-27 16:32

If you are not thinking of disrupting your business, someone else is and this disruption never ends, delegates are told at an e-commerce conference.

#Budget2017: Fuel levy likely to impact SMEs, retail most

2017-02-22 22:26

The biggest impact in Budget 2017 is the fuel levy, which has a huge knock on effect, according to the CEO of a company providing working capital to businesses.

Trust a big factor for e-commerce in Africa

2017-02-22 12:44

Trust is probably the biggest factor relating to e-commerce in Africa at the moment, delegates hear at the 3rd Annual eCommerce MoneyAfrica Confex.

Shoprite changes growth compass as Steinhoff talks fail

2017-02-21 11:06

Shoprite Holdings will focus on expansion outside Africa after talks with Steinhoff International Holdings to create the continent’s biggest retailer fell apart.

Shoprite, Steinhoff shares surge as merger talks collapse

2017-02-20 11:42

Shoprite and Steinhoff say they will no longer pursue their proposed merger as the parties involved could not reach agreement on the share exchange ratio.

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