Investors cheer Massmart trade update

2015-08-27 10:55

Retailer Massmart has outperformed its peers after reporting total sales of R38.9bn for the 26 weeks to end-June, a 9.1% rise over the prior comparable period.

Woolworths launches Studio.W at David Jones

2015-08-20 17:32

Woolworths has launched its private brand Studio W across 38 David Jones stores in Australia.

Shoprite positions for Moz market with new store

2015-08-20 16:56

Shoprite is to open a new store in Tete, Mozambique, as companies in South Africa spread their wings elsewhere across the continent.

Impact of Gauteng malls on community

2015-08-19 15:52

The Futuregrowth Community Property Fund says it invests in shopping malls in townships and rural areas to deliver sustainable returns with a social impact.

Michael Jordaan talks retail innovation

2015-08-18 19:00

Third party e-market places can be a big alternative for producers who have been at the mercy of large retailers, says venture capitalist and ex-FNB CEO Michael Jordaan.

Liquor industry counters proposed govt crackdown

2015-08-14 16:53

The liquor industry will help craft stricter alcohol advertising rules in a bid to prevent the government from raising the minimum drinking age to 21 from 18, an industry official says.

The Foschini Group seeks growth in childrenswear

2015-08-13 20:15

The Foschini Group is planning two chains of stores aimed at children, seeking new areas of growth amid a weak economy and growing competition in women's wear.

Steinhoff to sell $1.2bn in convertible bonds

2015-07-31 19:47

Furniture group Steinhoff will sell bonds worth $1bn convertible into stock to fund share buy backs, it says.

Edcon appoints new CEO amid debt restructuring

2015-07-30 13:44

Edcon has named Bernard Brookes as its new CEO as the debt-burdened company tries to restructure its debt to repay bondholders.

UK's 'big four' grocers lose more ground

2015-07-28 12:30

All of Britain's so-called 'big four' supermarkets have seen sales fall over the last 12 weeks in an overall market that grew marginally.


Woolworths beats load shedding with strong results

2015-08-27 10:39

Buoyed by its Australian acquisitions and increased market share, Woolworths' full-year profit has increased by 24.3%, despite being hampered by load shedding.

Truworths sales growing

2015-08-20 17:19

Fashion retail group Truworths International has reported a stronger second half performance as credit conditions show early signs of improvement.

SA customers rate clothing retailers

2015-08-20 14:25

Woolworths, Ackermans and Pep Stores are leading the pack for customer brand satisfaction among SA clothing retailers, an index shows.

Massmart sees lower profit, shares slump 10%

2015-08-19 11:33

Massmart has forecasted a sharp decline in profit, putting its shares on course for their biggest one-day slump in more than 15 years.

Shoprite hits profit estimates

2015-08-18 09:41

Shoprite, Africa's biggest retailer, has met its profit estimates with a rise in full-year earnings as it stole market share in its food business from rivals.

Lewis shareholders clash with board

2015-08-14 13:36

Lewis’ board has faced a barrage of questions from shareholders over its financial statements, bad debt and insurance policies.

Wide variety expected at first CT Maker Faire

2015-08-06 19:03

The first annual Maker Faire Cape Town will take place in August is described as part science fair, part trade fair and part something new.

Italtile finalising results

2015-07-30 16:31

Italtile says its performance is attributable to continued implementation of the group’s business optimisation programme in key areas.

E-commerce security important

2015-07-28 18:32

A key element of establishing credibility in the e-commerce market is robust security, says an expert.

Future of retail in spotlight at congress

2015-07-27 17:11

The annual SACSC congress will see shopping centres and retailers shine a light on the opportunities and challenges of the current market.

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