Lewis buys cash furniture retailer for R320m

19 minutes ago

Lewis Stores has acquired the entire share capital and all shareholders’ claims against United Furniture Outlets for R320m in cash plus any applicable interest.

Loss-making Taste Holdings to continue rolling out Starbucks stores

2017-10-12 11:21

Taste Holdings, which owns Starbucks and Domino’s Pizza, reported a loss of R65m in its interim financial results, mainly driven by a sales drop across almost all categories.

Consumers hit malls less frequently, but spend more per visit - report

2017-10-08 13:34

Consumers are visiting malls less often, but spend more per visit, according to a retail trends report.

Steinhoff raises R16bn through STAR listing

2017-10-02 16:26

Steinhoff International has raised R16bn by listing and placing 23.19% of its interests in Steinhoff African Retail Limited on the JSE,according to a notice to shareholders.

Vukile opens R114m extension, upgrade of Dobsonville Mall

2017-09-27 15:52

The Dobsonville Mall in Soweto celebrates the grand opening of its new R114m extension and other upgrades.

Nestlé plans $10bn revamp as activist Loeb takes aim

2017-09-26 12:50

Nestlé may buy or sell businesses with combined sales of almost $10bn as CEO Mark Schneider embarks on the biggest overhaul in at least a decade.

WHL Australasia makes management changes

2017-09-20 18:22

WHL Australasia has made two key appointments completing the formation of its Australasian regional management team and the implementation of its new regional structure.

UK retail sales rise more than forecast

2017-09-20 11:02

UK retail sales have risen in August at their fastest pace in four months, providing further evidence of a tentative pickup in consumer spending.

Toys 'R' Us SA safe from US bankruptcy filings

2017-09-19 16:23

Despite its global affiliate facing huge debts and filing for bankruptcy, business for the South African Toys 'R' Us and Babies 'R' Us is booming.

What different generations want from shopping

2017-09-19 06:30

A retail expert takes a closer look at the shopping approach of Generation I, Generation D, the Millennials, Generation X, Generation Jones and the Flat-agers.


Retail sales defy consumer pressures

2017-10-18 17:14

Retail sales have picked up in August 2017 by 5.5% on a year-on-year rate, exceeding market expectations.

Burger Brexit hit sends Famous Brands down most in 14 years

2017-10-11 11:59

Famous Brands which has bought the UK’s Gourmet Burger Kitchen chain months after the Brexit vote, slumped the most in 14 years.

Emira boosts energy savings with new R16m solar farm

2017-10-04 14:40

Emira wants to add more renewable energy solutions to its portfolio of properties across South Africa as part of its sustainability strategy.

Halaal products showcased in Cape Town

2017-09-29 18:10

The tourism, trade and investment promotion agency for Cape Town and the Western Cape hosts an international halaal product exhibition in Cape Town in October.

Nike declines after athletic giant gives bleak US outlook

2017-09-27 15:35

Nike shares have declined after the company squelched any hope of a quick turnaround at its ailing domestic operations.

Zim currency woes to hit Edgars product range

2017-09-25 11:19

Edcon’s Zimbabwe-based clothing retailer Edgars says prevailing foreign currency shortages will impact its product range, particularly in the fourth quarter.

Strong trade in Steinhoff's STAR on JSE debut

2017-09-20 13:20

Shares of Steinhoff Africa Retail - known as STAR - have traded strongly on the first day of its listing on the JSE and an analyst takes a closer look.

Shopping centre industry honours top achievers

2017-09-19 17:05

The 2017 Retail, Design and Development Awards winners were announced at the SA Council of Shopping Centres Annual Congress in Cape Town.

Toys ‘R’ Us seeks bankruptcy, crushed by debt and online rivals

2017-09-19 10:41

Toys 'R' Us, the once-dominant specialty retailer and ultimate toyland for a generation of post-war baby boomers, has filed for bankruptcy thanks to a crushing debt load.

Yuppiechef to open brick and mortar store

2017-09-18 19:33

Online retailer Yuppiechef will open its first brick and mortar store next month in Cape Town's northern suburbs.

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