Walmart ordered to pay over employee dispute

2014-12-17 09:00

The Pennsylvania Supreme Court has ordered Walmart to pay about $188m to settle a class-action lawsuit filed by employees.

Third IMAX theatre opens in SA

2014-12-12 15:15

Ster-Kinekor has opened its third IMAX theatre in South Africa and has announced its plans for a fourth.

Shoprite snaps up Ellerine's high-end Wetherlys

2014-12-11 14:55

Retailer Shoprite is buying upscale Wetherlys furniture stores from the unit of failed credit lender African Bank, says the competition watchdog.

KFC China calls for kitchen inspection

2014-12-10 17:12

KFC has told Chinese diners worried about eating their fried chicken that they're welcome to come and have a look.

China plans hike in cigarette taxes, prices

2014-12-10 11:05

China is considering raising cigarette prices and taxes as the world's largest tobacco consumer fights to stub out a pervasive habit.

Troubled Tesco warns on profit again

2014-12-09 11:35

Troubled British grocer Tesco has warned on full year profit again, slashing its full-year outlook by almost a third in the latest downgrade.

M&S shoppers queue or order online

2014-12-08 17:55

Marks & Spencer has been forced to extend delivery times for online orders as a new distribution centre is unable to cope with the demand.

Retailers urge Eskom to stop weekend cuts

2014-12-07 20:37

The National Clothing Retail Federation of South Africa has urged Eskom to engage business more actively in limiting the fallout from the energy crisis.

Debonairs, Shoprite seal deal in Angola

2014-12-05 05:15

Debonairs Pizza will open its first restaurant in Angola in an innovative tie-up with Shoprite Angola, which will become the master franchisee.

Tesco shares rise after CEO takes helm in UK

2014-12-03 10:15

A decision by Tesco's new CEO to take over the day-to-day running of the grocer's core UK business has been broadly welcomed.

Rescue bid for Ellerine makes slow progress

2014-11-28 18:37

Administrators implementing a rescue plan for Ellerine have so far failed to find bidders for the bulk of the assets, they told creditors.

BDS to take #boycottwoolworths campaign to Australia

2014-11-26 17:52

Activist group BDS SA has vowed to take its #boycottwoolworths campaign to David Jones in Australia to force the retailer to stop selling goods imported from Israel.

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.


Black-owned SMEs a safe investment - Woolworths

2014-12-12 17:20

Ninety eight percent of the black-owned small to medium enterprises, financed by Woolworths, repay their soft loans on schedule, says the company.

S&P may downgrade Tesco to junk

2014-12-11 15:26

Ratings agency Standard & Poor's says it may downgrade Tesco after its latest profit warning, moving the UK grocer closer to losing its investment grade status.

Attempt to resolve Woolworths boycott

2014-12-10 18:01

Representatives of BDS SA have met with a delegation of Woolworths to try and resolve the #BoycottWoolworths campaign against Israeli imports.

October retail sales up

2014-12-10 13:51

South Africa's retail sales have risen year-on-year in October, above market expectations and compared with an expansion in September.

Camden Market goes for London listing

2014-12-09 12:01

The owner of London's Camden Market, popular for retro clothing, is to list on the city's stock exchange.

Food supplier to US troops fined for fraud

2014-12-09 10:04

The US government has fined Supreme Group, one of the largest suppliers to troops in Afghanistan, for fraudulently overcharging the government for food and water.

Famous Brands bulking up to fight competition

2014-12-08 12:32

Fast-food chain firm Famous Brands has bought a stake in a local meat processing plant, in a bid to fight overseas competition.

Focus on African e-commerce industry

2014-12-05 12:37

With just over two months to go, the agenda for the eCommerce Africa Confex is already jam-packed.

New code for consumer goods, services

2014-12-03 12:45

New industry code of conduct to apply to all suppliers of consumer goods and services.

Car sales decline in November

2014-12-02 11:38

Naamsa says new car sales in November have declined by 2.5% compared to the same period last year following strong sales the previous month.

Black Friday gets nasty in the UK

2014-11-28 11:02

Police in the UK had to be called in over disturbances as shoppers queued for Black Friday discounts, a shopping phenomenon that has spread from the US.

Woolworths AGM disrupted by protest

2014-11-26 15:24

The annual general meeting of Woolworths has been disrupted by shareholders demonstrating against the retailer’s ties with Israel.

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.

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