Woolworths appoints CEO for Australasia

57 minutes ago

Woolworths has advised shareholders that the current CEO of David Jones will assume the role of CEO for WHL Australas.

See who paid R100.7m for Spur founder's shares

2017-05-21 15:55

A black-owned holding company with investments and operations in the gaming and leisure industry has bought more than 3 million shares in Spur Corporation.

Steinhoff plans Africa spin-off after R40bn expansion

2017-05-17 23:17

Steinhoff International plans to list its African assets separately as the acquisitive retailer seeks a new prize for shareholders following this year’s failed merger talks with Shoprite.

Richemont's profit plummets on low sales

2017-05-12 20:51

Richemont's profit took a knock following a tough environment with changing consumption patters, the group said.

Spur founder sells his shares for R100m

2017-05-09 18:36

Spur Corporation has announced that its executive chair and founder Allen Ambor has sold his 3 099 176 ordinary shares in the company.

Groceries keep stores alive in digital age – research

2017-05-09 07:36

Despite growing popularity of online shopping, there is still a future for bricks and mortar in the retail industry, a survey by Nielsen revealed.

Adidas gains ground on Nike's US home turf

2017-05-04 12:30

Adidas is racing ahead in the US with sales growth that’s outstripping archrival Nike as its namesake brand capitalise on the trend for retro and 'athleisure' fashions.

Hugo Boss declines most in four months

2017-05-03 11:00

Hugo Boss has declined the most in four months as weakness in the US prevented the ailing German clothier from reporting an acceleration in revenue growth.

McDonald's accused of overcharging and deceiving franchisees

2017-05-03 07:19

McDonald’s should be investigated for gouging franchisees on rents and deceiving them about how the amounts are calculated, a labour union has said.

Mall of Africa celebrates 1st birthday

2017-04-26 17:41

Attacq regards the Mall of Africa as one of its most valuable assets in the Attacq property portfolio, says Morné Wilken, CEO of Attacq.


Rupert's Richemont bets on duty-free

2017-05-22 05:00

Johann Rupert, the billionaire who controls Cartier owner Richemont, envisions a future in which humans are displaced by robots in the workplace.

Online cuts into sales jobs - research

2017-05-18 19:21

Digital sales may be taking over the work of sales staff, research reveales.

Walmart pushing hard to catch Amazon in e-commerce

2017-05-14 14:00

Walmart Stores is running hard to catch up in an increasingly crucial segment where it is neither the biggest nor the best: e-commerce.

I’m not fleeing SA, says Whitey about selling off R1.8bn in shares

2017-05-10 15:26

Former Shoprite CEO Whitey Basson says he is not upset with the company and he is not fleeing SA, after announcing plans to sell off shares in the firm to the value of R1.8bn.

Gold Brands brings UK's Café Rouge to SA

2017-05-09 17:02

South African fast-food franchising company Gold Brands is bringing the UK casual-dining brand Café Rouge to South Africa.

Takealot CEO on what shapes e-commerce in SA

2017-05-04 18:10

More and more South Africans are accepting e-commerce as a valid retail channel, according to Kim Reid, CEO of Takealot.

Edcon club fee ruled unlawful, NCR to determine refunds

2017-05-03 16:02

The Edcon group, which owns Edgars, maintains it did nothing wrong despite findings by the National Credit Regulator that it unlawfully charged its customers club fees.

Sainsbury holds profit steady as Brexit pressures mount

2017-05-03 09:24

UK supermarket chain J Sainsbury has showed it’s coping with a Brexit-fueled squeeze on industry profitability as it reported annual profit that met analyst estimates.

Sovereign Food issues trading statement

2017-05-02 12:26

Sovereign Food advises shareholders that for the year ended 28 February 2017 it expects a loss per share and headline loss per share of between 42 cents and 54 cents.

Burger King sales slip in sign it's losing ground to rivals

2017-04-26 14:56

With its sales slipping in the latest quarter, Burger King may be losing ground to McDonald’s in the hard-fought battle for US fast-food customers.

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