ARTICLES RELATING TO RETAIL

Steinhoff moves into clothes with R68.2bn Pepkor buy

2014-11-25 11:23

Furniture retailer Steinhoff International will acquire a 92% stake in clothing retailer Pepkor to give it exposure to the fast-growing apparel market.

Levi Strauss celebrates 20 years back in SA

2014-11-20 18:46

Levi Strauss & Co. celebrates 20 years of doing business in South Africa after re-entering the South African market following democratic elections in 1994.

Moscow McDonald's reopens after 90-day closure

2014-11-20 09:33

The first McDonald's restaurant in Moscow has reopened after closing for nearly three months over health and safety violations.

Tiger Brands writes down Nigeria unit value

2014-11-19 09:24

Tiger Brands has taken another write-off charge at its money-losing Nigerian unit as it posted an 11% increase in full-year profit

M&S names new finance chief

2014-11-17 19:05

British retailer Marks & Spencer has appointed John Lewis' chief financial officer Helen Weir as its new finance head.

Woolworths takes Palestine protesters to court

2014-11-14 16:54

Woolworths has filed a court application against BDS SA to protect its employees and customers from unlawful protests inside its stores, says the retailer.

Shoprite in talks about Ellerine leases

2014-11-13 10:39

Ellerine, a unit of failed African Bank, is in talks with Shoprite to take up some of its leases, says the administrator of the furniture seller.

Competition regulator approves Lewis deal

2014-11-12 12:51

The competition regulator has given retailer Lewis approval to purchase more than 60 stores from failed furniture firm Ellerine.

HomeChoice heading for JSE

2014-11-11 15:33

Household goods retailer HomeChoice, which uses call centres, catalogs, and the internet to reach SA's expanding middle class, plans to list on the JSE next month.

Creditors want Ellerine wind-down

2014-11-10 11:32

Creditors of the Ellerine furniture business of failed African Bank have voted for a gradual wind-down of the company, avoiding an immediate liquidation.

Sweet treats at the tills

2014-11-10 07:25

Bright little items play merry hell with kids and adults, says Mandi Smallhorne.

V&AWaterfront wins for responsible tourism

2014-11-07 17:39

The V&A Waterfront in Cape Town is the winner of the international award for Best Destination for Responsible Tourism at the World Travel Market in London.

Burger King SA sources bulk of produce locally

2014-11-06 15:21

Burger King South Africa says it is well ahead with its plan to localise 92% of its products and will reach this goal before December 2014.

Hope for women's clothing as M&S profits rise

2014-11-06 09:50

A glimmer of improvement in women's clothing has helped British retailer Marks & Spencer to post its first rise in first-half profit for four years.

M&S profits rise due to cost savings

2014-11-05 12:30

British retailer Marks & Spencer has posted a rise in first-half profit for the first time in four years.

Massmart in competition battle with rivals

2014-11-03 11:38

Massmart Holdings has launched an anti-competition complaint against three major rivals over exclusive lease agreements in shopping centres.

UK watchdog to probe Tesco errors

2014-10-29 16:30

Britain's Serious Fraud Office is to launch a formal criminal probe into accounting errors at troubled supermarket Tesco, according to Sky News.

New Tesco boss gets 'golden hello'

2014-10-27 20:04

Tesco has awarded new boss Dave Lewis options for 1.66 million shares to compensate for benefits he surrendered when he quit his previous job.

Shoprite Group increases turnover

2014-10-27 10:15

The Shoprite Group has increased turnover for the three months to September 2014 even though local market conditions remain relatively unchanged.

Nestlé ready to act if Ebola spreads - CEO

2014-10-23 10:53

Nestlé has no plans to curb output in cocoa and coffee-rich West Africa because of Ebola, but is ready to adapt if the disease spreads, says the company's CEO.

Tesco scraps outlook on accounting black hole

2014-10-23 09:00

Britain's biggest grocer Tesco has reported a larger than expected hole in its accounts, forcing it to scrap its full-year trading profit outlook.

Tesco sales continue to slide

2014-10-21 14:30

Data shows that Tesco's sales continue to fall and analysts expect the firm to report a 6% drop in sales for its second quarter to August 23.

Taste broadens its jewellery division

2014-10-21 11:37

Taste Holdings has acquired watch and jewellery retailer Arthur Kaplan to complement its strategy for competing in the upper income consumer market.

UK big grocers can learn from France

2014-10-20 18:03

The success of French retailers in stopping the advance of discounters in the last five years shows a way out of the crisis embroiling Britain's "big four" grocers.

 

Walmart's chief merchandising officer to leave

2014-11-25 10:38

Walmart's chief merchandising officer is expected to announce his departure from the world's largest retailer just days before Black Friday.

Woolworths 20-week sales jump on Australia deal

2014-11-20 12:59

Woolworths has reported a jump in sales for the first 20 weeks of its financial year, lifted by the acquisition of Australia's David Jones.

Ellerine ex-CEO heading Zimbabwe's Innscor

2014-11-19 17:19

A former chief executive at failed furniture retailer Ellerine is now heading Zimbabwe's largest fast food and retail group, Innscor Africa.

SA shoppers ready to spend more this Xmas

2014-11-18 13:55

Food and mainstream clothing are top Christmas shopping items in SA, along with alcohol, according to a survey.

Mr Price online sales grow 195.3% in SA

2014-11-17 16:57

Online sales for clothing retailer Mr Price Group have increased by 195.3% to R44.7m in South Africa for the half year period ending 27 September.

Starbucks' Dutch tax deal may be illegal: EU

2014-11-14 11:00

A deal between Starbucks and Dutch authorities may be illegal state aid as it allows the coffee chain to make payments on a lower corporate income tax base.

Sainsbury's shares fall

2014-11-12 18:52

Sainsbury's shares slipped down 1.6% after chief executive Mike Coupe forecast that supermarket like-for-like sales would fall for the next few years.

Sainsbury's to cut capex and costs

2014-11-12 09:48

British grocer Sainsbury's says it will rein in spending on new stores and find more cost savings to finance price cuts.

McDonald's recalls Hello Kitty whistles

2014-11-11 09:23

McDonald's has recalled nearly a million red whistles included with a Hello Kitty-themed toy offered in children's meal choices.

Ellerine receives offer for Africa business

2014-11-10 10:48

The Ellerine furniture arm of failed lender African Bank Investments has received an offer for its Africa business worth around R400m, its administrator says.

Sainsbury's aims to get more competitive

2014-11-07 19:51

Cutting costs, investment, prices and dividends are likely to be among the initiatives announced by new Sainsbury's boss Mike Coupe amid tough market conditions.

Truworths shares tank on sales update

2014-11-06 11:17

Clothing retailer Truworths has issued a trading update showing slowing sales growth, sending its shares down more than 8% in early trade.

Actis invests $65m in Tekkie Town

2014-11-05 18:40

Private equity firm Actis says it will take a significant minority stake in sports shoe retailer Tekkie Town for $65m.

L'Oreal manages sales growth, despite setback

2014-11-04 09:45

French cosmetics group L'Oreal has managed to record a 2.0% gain in third quarter sales despite a soft performance in Western Europe.

Moody's warns of junk status for Tesco

2014-10-31 19:45

Tesco could see its debt downgraded to junk"status unless it outlines plans to cut borrowing and improve trading, rating agency Moody's say.

Woolworths positive about Namibian prospects

2014-10-28 14:22

In October Woolworths will open its ninth store in Namibia at The Grove in Windhoek.

Investors worry about Tesco's fall from grace

2014-10-27 11:55

Investors have demanded higher yields to hold Tesco's debt while the cost of insuring against default has risen sharply after ratings downgrades.

Africa's fashion influence increasing

2014-10-24 16:00

Fashion industry icons and local and international media are set to converge on Melrose Arch, Johannesburg, for the Mercedes-Benz Fashion Week Africa.

Tesco CEO says more ways to win back shoppers

2014-10-23 10:30

Tesco CEO Dave Lewis says there is more it can do on prices, but it was not the only way for the embattled British supermarket to win back lost market share.

Retail partnership to curb centre robberies

2014-10-22 17:50

Retailers and shopping centre owners and managers have formed an anti-crime collaborative forum to stem a spate of shopping centre robberies.

Reckitt Benckiser sales hurt by sluggish markets

2014-10-21 13:06

Sales growth at consumer goods maker Reckitt Benckiser has slowed more sharply than expected in the third quarter, hit by cooling emerging markets.

Tesco stems sales decline

2014-10-21 11:15

Sales at Britain's Tesco, the leading grocer reeling from an accountancy scandal, has fallen over the last 12 weeks, industry data shows.

Tesco earnings hole may be less than thought

2014-10-19 19:02

The world's third largest retailer, Tesco, will reportedly state next week that it overestimated earnings by less than the £250m which it previously announced.

Jimmy Choo shines on market debut

2014-10-17 12:30

Jimmy Choo has inched higher on its London stock market debut, watched closely by even the least fashion-conscious of bankers.

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