Lewis expects up to 45% drop in profit in last 6 months

2016-10-21 10:23

The NCR's affordability assessment guidelines and tough economic times have resulted in retailer Lewis’s profit dropping by up to 45% in half-year trading, it has reported.

Nestlé cuts sales forecast as emerging market growth slows

2016-10-20 09:30

Nestlé SA has cut its full-year forecast after nine-month revenue rose at the weakest pace in more than a decade, hurt by slowing growth in emerging markets.

Walmart to invest $25m in China food safety research

2016-10-19 13:31

Walmart and its foundation are investing $25m over five years in food safety research in China, as the retailer seeks to strengthen its foothold in the country.

Pick n Pay profit rises as discounts lure shoppers

2016-10-18 09:00

Pick n Pay's first-half earnings have gained 18% as the supermarket chain attracted shoppers with discounted goods and opened new stores.

Dunkin’ Donuts vs Krispy Kreme

2016-10-16 06:21

South Africans who want hot glazed doughnuts with a gulp of coffee can now choose between two US brands – Dunkin’ Donuts and Krispy Kreme.

Retail sector's role in saving SA economy

2016-10-13 19:05

SA's retail sector has a role to play in saving the economy since no one understands the shopper better than grocery retailers, says an industry expert.

Verimark posts improved profits despite challenges

2016-10-12 12:43

Despite a tough retail environment due to weaker consumer demand, higher interest rates and negligible economic growth, Verimark has recorded improved profits.

Dunkin' Donuts ready to hit SA taste buds

2016-10-11 20:07

The first Dunkin' Donuts in South Africa is set to open its doors in Cape Town this week.

Edcon plans hiring spree to boost recovery after Bain exit

2016-10-06 12:26

Edcon Holdings plans to increase its workforce by almost 7% and slash prices as it kick-starts a recovery plan after the exit of US firm Bain Capital Partners.

Tesco profit beats estimates

2016-10-05 09:08

Tesco has reported profit that beat analysts’ estimates, showing that chief executive officer Dave Lewis’s plan to revive the grocer is gaining traction.


UK retail sales stagnate as prices hit clothing

2016-10-20 13:34

UK retail sales have stagnated for a second month in September as rising prices and warm weather hit demand for clothing.

Pick n Pay charms its way into the hearts of Zimbabweans

2016-10-19 15:50

Zimbabwe may be facing a myriad of challenges, but Pick n Pay through its associate TM Supermarkets is recording recording double-digit sales growth in the country.

Starbucks plans to double number of locations in China

2016-10-19 12:58

Starbucks will more than double its number of locations in China by 2021, increasing the company’s bet on a country that eventually could be a bigger market than the US.

Steinhoff to buy Australia’s Fantastic for $275m

2016-10-16 12:17

Steinhoff has agreed to buy Fantastic of Australia for $275m as the South African retailer seeks to expand its footprint in the southern hemisphere.

Don't blame Zuma for everything - economist

2016-10-13 22:00

Don't blame President Jacob Zuma for all South Africa's economic problems, says Dr Azar Jammine, director and chief economist of Econometrix.

Taste Holdings puts interim loss in context

2016-10-12 16:39

Despite recording a loss during the interim period to August 2016, Taste Holdings has experienced significant gains in its licensed brand strategy, it says.

Lewis gets heads up in case brought by consumer watchdog

2016-10-12 07:56

Lewis Group has welcomed a judgment which sets aside a demand brought by a consumer watchdog to have four Lewis directors declared delinquent.

Famous Brands trading statement

2016-10-11 16:22

Famous Brands is satisfied that a reasonable degree of certainty exists with regard to the financial results for the six months ended August 31 2016.

Woolworths to buy Australian men's retailer Politix

2016-10-05 11:08

Woolworths plans to buy Australian men's fashion brand Politix through its subsidiary, Country Road Group.

Shoprite doubles Whitey Basson’s pay after bonus

2016-10-03 14:00

Shoprite doubled chief executive officer Whitey Basson’s pay in the last fiscal year to R100.1m, thanks to a bonus for beating a profit-growth target, it has revealed.

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