Spaza shops suffer as big retail rolls in

2014-04-20 11:53

More and more owners of spaza shops barely manage to keep afloat as more of their customers head elsewhere.

Increased holdings in Woolworths

2014-04-16 17:32

Accounts under management of Coronation Asset Management have increased the holding in Woolworths.

PE's Baywest will be a 'smart village'

2014-04-16 16:30

The R1.7bn Baywest Mall development in Port Elizabeth could be the catalyst for a “smart village”, says Baywest managing director Gavin Blows.

Tesco's annual profit slumps

2014-04-16 11:50

Britain's biggest retailer Tesco says it has seen no let up in sight as it posted a fall in annual profit, its second straight year of decline.

Thailand braces for a recession

2014-04-14 10:47

Thailand's economy, known for its dynamism, is ailing, heading towards a recession and held hostage by another crippling bout of turmoil in a power struggle.

A trend to watch

2014-04-13 09:15

As sales flag, luxury timepiece makers are eyeing the female market's huge potential.

Retail reward vs risk

2014-04-10 07:21

Firms like Shoprite and Game are chasing profits in booming but volatile Africa.

Woolies to buy Australian retailer David Jones

2014-04-09 08:46

Australian retailer David Jones has agreed to a takeover by Woolworths that values the company at US$1.9bn.

McDonald's quits Crimea as trade fears grow

2014-04-04 16:16

McDonald's has closed its restaurants in Crimea, prompting fears of a backlash as a politician called for all the US fast food chain's outlets in Russia to be shut.

Burger King coming to Durban

2014-04-04 10:06

Burger King SA is opening its first outlet in Durban, adding to the current seven stores in Cape Town and four in Johannesburg.

Competition watchdog raids Unilever

2014-04-03 13:18

The competition watchdog has raided the local units of Unilever and Sime Darby as part of a probe into suspected price fixing of edible oils and margarine.

Connected watches still creating buzz

2014-03-30 14:15

A look at watches that connect to a smartphone or satellite for perfect time, regardless of where you are or alert you if you leave your phone behind.

Famous Brands enters joint venture

2014-03-25 14:39

Famous Brands has acquired a stake in a frozen yoghurt company, which currently comprises 33 franchised stores in eight provinces.

New fee structure for retailers coming

2014-03-24 15:16

A new fee structure for transaction fees retailers pay their acquiring banks is apparently on its way.

Demand for ribs prompts Spur acquisition

2014-03-24 13:35

Spur, which is currently sourcing its ribs from Europe, has bought a stake in a start-up which is establishing a meat processing facility in Johannesburg.

Retail tenders worth R92m at Cape airport

2014-03-20 14:51

Soon a number of tenders will be issued for stores in the International departures duty free area of the Cape Town International Airport.

Surprise growth in retail sales

2014-03-19 13:49

South Africa's retail sales grew more than expected year-on-year in January, according to Statistics South Africa.

US retailers asked to drop tobacco products

2014-03-17 16:50

A group of US attorneys general is urging chief executive officers of major retailers to stop selling tobacco products.

Credibility gap could show in China TV expose

2014-03-14 12:19

Waning popularity and a wounded reputation are likely to dull the edge of China's consumer day TV expose, offering some relief for companies.

Tesco market share falls

2014-03-12 12:31

Tesco's CEO only expects to do the job for "a few years", although he does not feel any personal pressure from investors.

Sports Direct boss in line for $108m bonus

2014-03-11 14:46

Britain's biggest sporting goods retailer Sports Direct has proposed a share bonus award worth $108m for its founder Mike Ashley if the firm beats profit targets.

Woolworths deals with rBST issue

2014-02-21 17:02

Following discussions with the authorities, Woolworths is in the process of changing its packaging regarding rBST.

Consumers renovate rather than build - Italtile

2014-02-14 15:34

Due to more pressure on consumer disposable income, the renovations sector continues to experience greater activity than the new build sector, says Italtile CFO.

Woolies posts profit amid consumer debt crisis

2014-02-13 09:27

Retailer Woolworths has reported a 17% rise in first-half profit as its customers splashed out on luxury goods, even as many consumers grapple with high debts.


Strike at giant shoemaker's China plant

2014-04-17 16:30

Tens of thousands of workers have joined an escalating strike at a Chinese plant of Taiwan's Yue Yuen Industrial.

Retail sales growth reflects weak economy

2014-04-16 17:30

After a surprise spike in January, a slower February real retail sales growth number more realistically reflects the weak economic situation, says an expert.

Burberry revenue jumps

2014-04-16 12:57

British luxury goods group Burberry has shrugged off industry jitters about slowing growth in China to post a rise in second-half revenue

Massive China shoe factory strike rolls on

2014-04-15 15:30

Thousands of workers at a giant Chinese shoe factory has shrugged off an offer for improved social benefits, prolonging one of the largest strikes in China.

Rising wages hit Bangladesh garment makers

2014-04-14 09:42

Bangladesh garment factory owners say they are soaking up much of the cost of nearly doubling wages as some global retailers balk at price hikes.

Massmart CEO Pattison to step down

2014-04-11 11:51

The CEO of Massmart, the South African unit of US retailer Walmart, will step down after seven years at the helm of the discount retailer.

Woolies CEO: Department store isn't dead

2014-04-09 14:57

Woolworths boss Ian Moir says the retailer is buying David Jones to build a bigger brand and suggested that the future of department stores is still bright.

Big four UK grocers losing market share

2014-04-08 13:18

Britain's big four grocers have all lost market share over the last three months to discounters, industry data shows.

Approval obtained for moyo business rescue

2014-04-04 15:21

There has been approval of the business rescue plans for the moyo group of African themed restaurants, say the business rescue practitioners.

Price cuts aid growth for euro zone businesses

2014-04-03 15:44

Euro zone businesses started 2014 with their best quarter in three years, but buoyant growth came at a cost as they slashed prices to drum up trade.

Purchaser found for moyo business rescue

2014-03-30 17:33

The moyo group business rescue practitioners have secured agreement with a consortium to purchase the moyo brand, trademarks and five remaining restaurants.

Online retail challenge

2014-03-26 10:11

As online shopping potential rises, shoppers remain wary, says Arthur Goldstuck.

Australian tobacco sales up despite plain packs

2014-03-25 13:37

Deliveries of tobacco to retailers in Australia rose last year for the first time in at least five years, even after the introduction of plain packaging.

PIC reduces stake in Pick n Pay Stores

2014-03-24 14:02

The Public Investment Corporation has decided to reduce its shares Pick n Pay Stores.

Marks & Spencer loses UK clothing share

2014-03-21 18:38

Marks & Spencer, Britain's biggest clothing retailer, lost market share over the last three months, industry data show.

Perseverance pays for India's richest man

2014-03-20 12:36

Billionaire Mukesh Ambani's Reliance Retail is poised to perform a rare feat in India's notoriously complex retail market by finally turning a profit.

Sainsbury's 9-year run of sales growth ends

2014-03-18 10:02

Sainsbury's has ended a nine-year run of quarterly sales growth, underlining the tough trading momentum for the country's major grocers.

More competition for SA retail brands

2014-03-17 11:29

A new index names the markets in Africa currently the most attractive for retail expansion and those that offer the most potential for the future.

Online retailer makes strong market debut

2014-03-14 11:44

Shares in British online fashion retailer jumped in debut trade, giving the firm a value of around $1.45bn.

Retail sales growth surprises

2014-03-11 16:23

Although expectations were for fairly lacklustre real retail sales growth in December, it actually surprised to the upside, says the SACSC.

Radio Shack to close stores

2014-03-05 13:29

US electronics retailer Radio Shack says it would close up to 1 100 stores in an effort to turn the struggling chain around.

Burger King impacts GPI results

2014-02-25 13:18

Grand Parade Investments' results show the impact of establishment costs incurred in Burger King, which is consistent with the growth phase of a business.

JD Group bleeds as customers can't pay debt

2014-02-20 12:04

Furniture retailer JD Group has swung to a first-half loss and suspended its dividend, hit by a near-doubling of money set aside to cover customers' unpaid debts.

Billions spent on Valentine's Day

2014-02-13 16:44

A survey reveals that worldwide over $4.4bn was spent on gold, silver and diamonds for Valentine’s Day in 2013, reports the American Retail Federation.

H&M to open first store in India

2014-02-12 12:17

Swedish clothing retailer Hennes & Mauritz says it plans to open its first store in India in 2014.

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