Edcon starts capital restructure talks with banks

2015-05-28 10:54

Edcon, SA’s biggest clothing retailer by sales, has named Goldman Sachs and Houlihan Lokey as advisers as it starts talks with banks on capital restructure plans.

Lewis Group gains market share

2015-05-27 10:16

Furniture retailer Lewis Group has reported a strong second-half performance and gained market share in a competitive environment, says CEO Johan Enslin.

Famous Brands cheers results

2015-05-25 11:13

Famous Brands results show it has recorded a 14th consecutive year of growth, reporting record turnover, profit and margins.

Rupert positive despite Richemont challenges

2015-05-22 11:39

Luxury goods group Richemont' s results show resilience despite some challenges and a volatile consumer environment, says its chair Johann Rupert.

Tesco paid new boss £4m in first six months

2015-05-21 11:31

Britain's biggest retailer Tesco paid new chief executive £4.1m in the six months after luring him from Unilever and tasking him with turning around the firm.

M&S profit rises for first time in four years

2015-05-20 11:45

Marks & Spencer have raised hopes that it has finally rediscovered a winning formula, reporting a rise in annual profit for the first time in four years.

Pioneer shares up on profit rise

2015-05-18 12:30

Pioneer Food Group has posted a 39% growth in half-year profit, sending the shares of the country's second-biggest consumer goods maker higher.

SA's Brait buys Britain’s New Look for R14.2bn

2015-05-15 16:16

Brait SE says it will pay $1.2bn (R14.2bn) for virtually all of budget clothes retailer NewLook, giving it a substantial presence in Britain's fashion markets.

Botswana's Choppies to raise $48m on JSE

2015-05-11 15:17

Botswana grocer Choppies plans to raise $48m in a secondary listing on the JSE to boost its profile among investors in Africa's largest stock market.

UK grocer Morrisons' sales fall worsens

2015-05-07 14:30

Morrisons, Britain's fourth biggest grocer has revealed a further deterioration in its sales performance, highlighting the tough turnaround job facing new boss.


Massmart slides as pricing cuts Game margin

2015-05-27 19:30

Massmart Holdings has fallen the most in a month after price competition at the Game department-store chain caused profitability to lag behind forecasts.

Domino's makes sterling debut in Taste earnings

2015-05-26 13:57

Taste Holdings has boosted its core revenue by 25% and Domino’s Pizza outlets have exceeded expectations.

Thousands flock to giant new mall

2015-05-22 17:15

Eager shoppers are flocking through the doors of South Africa’s newest regional mall, the R1.7bn Baywest Mall in Port Elizabeth.

Krispy Kreme enters SA market

2015-05-21 18:02

Global retailer Krispy Kreme has signed a development agreement with a local company to open shops in South Africa.

Tiger Brands fires Kenya unit managers

2015-05-20 14:45

Tiger Brands has fired managers at its Kenyan unit after they overstated sales last year to achieve operational targets.

Spar profit rises on Irish retail unit takeover

2015-05-20 10:41

Spar's first half profit has jumped after the food and liquor retailer acquired its Irish counterpart and has sold more lower-priced own brand products.

Toys R Us to close oldest toy store in US

2015-05-17 13:46

Toys R Us is closing its iconic FAO Schwarz store, citing the high and rising costs of running the retail space on New York City's pricey Fifth Avenue.

SA competition body to probe retail sector - minister

2015-05-12 16:17

South African competition authorities will launch an investigation on the retail industry to ascertain that there was sufficient competition, a cabinet minister says.

McDonald's embracing new ingredient: Kale

2015-05-08 09:00

McDonald's, the world's biggest burger chain says it's testing two breakfast bowls, one of which includes the leafy green as an ingredient.

Richemont combats smartwatch craze with smart straps

2015-05-06 11:02

Swiss luxury goods maker Richemont is rolling out high-tech straps to counter the smartwatches designed by Apple and others.

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