Africa is Pick n Pay’s second engine of growth

2017-04-23 06:00

Pick n Pay planned to open its first stores in Nigeria and Ghana within the next two years, the company said this week.

UK retail sales fall most since 2010

2017-04-21 11:25

UK retail sales have recorded their largest decline in seven years in the first quarter as consumers felt the pinch from accelerating inflation.

Cashbuild updates on 3rd quarter operations

2017-04-20 17:04

Cashbuild says in its third quarter operational update that revenue for the company was down by 1% on the third quarter of the prior financial year.

Pick n Pay’s Zim partner shows strong earnings growth

2017-04-19 16:35

TM Supermarkets, the Zimbabwe-based associate of Pick n Pay, recorded strong performance for the 52 weeks ended February 26 2017.

Burberry sales miss estimates as demand shrinks

2017-04-19 09:59

UK luxury retailer Burberry says quarterly sales have missed analyst estimates as an accelerating decline in the America region countered gains in mainland China.

Challenged retail sector to be hit by downgrade - research

2017-04-12 19:10

South African retailers saw the weakest growth in seven years in 2016, and the recent downgrade will impact the sector's growth going forward, research shows.

H&M unveils new brand as it seeks to revive profit

2017-04-10 18:25

Hennes & Maurita announced the addition of its first new store brand in three years as the Swedish fashion retailer seeks to revive sales in key European markets.

Resilient Zim firms rise to economic challenges

2017-03-23 18:30

Zimbabwean businesses have continued to hold their own in a tough operating environment, as shown by their results in the ongoing reporting season

Retail sales decline to record low since global financial crisis

2017-03-15 18:05

Retails sales declined in January 2017, performing below market expectations and recording the worst performance since the global financial crisis.

UK retail bellwether slashes bonus as outlook toughens

2017-03-10 17:32

Britain’s retailers face a tough year and workers at John Lewis department stores and Waitrose supermarkets are bearing the brunt.


Christmas sales boost Clicks results

2017-04-21 11:28

Despite a constrained consumer spending environment, Clicks Group has managed to boost sales by 13.1% for the first half of the year.

Why SA consumers are most satisfied with Woolworths

2017-04-21 06:39

The South African Customer Satisfaction Index has revealed which supermarket satisfies local consumers most and why.

Nestlé sales beat analysts' estimates

2017-04-20 09:45

Nestlé SA has reported revenue growth ahead of analysts’ estimates and an uptick in pricing, a signal of possible improvement in a sluggish food and beverage market.

Pick n Pay profit rises as grocer adds fresh produce

2017-04-19 10:21

Pick n Pay has reported a 17% increase in profit as the supermarket chain extended its fresh-produce range and focused on keeping prices low.

UK franchise Las Iguanas heading to SA

2017-04-18 17:25

Gold Brands, the only listed fast-food retail company on the JSE AltX, is bringing Las Iguanas to South Africa.

Kidswear set to continue its boom

2017-04-11 17:53

One clothing trend which seems to be following a steep upward growth curve is the kidswear category.

Pick n Pay expects improved performance

2017-04-10 18:24

Pick n Pay is in the process of finalising its 2017 financial results for the 52 weeks ended 26 February 2017, which are expected to be published on 19 April 2017.

Montblanc launched a smartwatch. Here’s why it matters

2017-03-23 17:00

Montblanc is the first brand in the Richemont family of luxury companies to put out a smartwatch.

Zara owner's margin shrinks to lowest level in 8 years

2017-03-15 13:17

Inditex’s profitability has shrunk to an eight-year low as the retailer was confronted with higher garment costs and lowered prices to fend off increasing competition.

New Adidas CEO plans fast-fashion focus to catch up to Nike

2017-03-10 17:07

Adidas’s new CEO is doubling down on surging sales of casual sneaker lines like Stan Smith and Tubular to transform the German sportswear maker into a fast-fashion business.

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