ARTICLES RELATING TO RETAIL

Burberry to adjust prices to offset coin swings

2015-04-15 15:59

Burberry will adjust prices in response to currency fluctuations and similar moves by rivals as it posted a forecast-beating 9% rise in revenue.

Pick n Pay shares head for biggest year-gain

2015-04-10 12:42

Pick n Pay is heading for its biggest gain in a year in Johannesburg trading after fiscal-2015 earnings per share rose as much as 50%.

Majestic Wine to buy Naked Wines for $102.89m

2015-04-10 08:51

British wine retailer Majestic Wine says it will buy Naked Wines and that it has appointed a new chief executive.

Pakistan orders Islamabad shops to close early

2015-04-09 12:00

After ordering summer dress code and switching off air-cons in offices, the Pakistani government has reintroduced a plan to beat the energy crisis in Islamabad.

SA retailers lure foreigners in JSE buying streak

2015-04-03 09:00

Offshore investors bought a net R2.1bn of shares on Wednesday and the 11th day purchases exceeded sales, data from the Johannesburg Stock Exchange shows.

Rivals to focus on organic firms after Kraft deal

2015-03-30 12:09

The macaroni and ketchup merger of Kraft Foods and HJ Heinz may prove a boon to the far smaller natural and organic food companies that have seized market share.

Heinz-Kraft deal: The stories behind the brands

2015-03-26 09:59

The combination of HJ Heinz and Kraft Foods will bring many of the best-known brands under the same roof, here's a look at the history behind those products.

Edgars Zim records profit growth

2015-03-20 11:55

Results released by the Zimbabwean arm of Edcon show that full-year profit was up 22.29%, with overall profitability boosted by an 85% jump in finance income.

Starbucks steps into conversation about race

2015-03-19 11:04

Starbucks' campaign aimed at encouraging people to talk about race relations in the US is the latest example of a big company trying to tie its brands to social issues.

Youth no longer view cars as status symbols

2015-03-17 16:36

There has been a significant shift in how consumers view cars and millennials do not feel the need to own a car the way their parents did, says an expert.

 

Wiese praises SA's progress

2015-04-13 17:04

Despite its problems, South Africa is better off than it was 21 years ago, says business tycoon Christo Wiese, controlling shareholder of Shoprite.

Pick n Pay partner opens new store amid $50m suit

2015-04-10 11:25

Retail and hotel group Meikles Limited is proceeding with its $50m suit against the Zimbabwe Stock Exchange, and has opened a new Pick n Pay store in Harare.

Opening of local Orange store delayed

2015-04-09 13:07

A subsidiary of French telecoms company Orange has pushed back a deadline for the opening of its first brick and mortar store in South Africa.

Dates for CT and Africa fashion weeks announced

2015-04-07 15:14

Mercedes-Benz Fashion Week Cape Town and Fashion Week Africa will see thousands of media, fashion buyers, investors and fashionistas getting together.

McDonald's revamps grilled chicken, rethinks menu

2015-04-02 10:15

McDonald's will simplify its grilled chicken recipe to remove ingredients people might not recognise, the firm's menu rethink to keep up with changing tastes.

3G to use its cost-cutting playbook

2015-03-26 14:00

When Kraft Foods Group merges with HJ Heinz, they will share a name, a central place in the American kitchen and two headquarters near Chicago and Pittsburgh.

Law firm rallies Tesco investors to join lawsuit

2015-03-24 20:00

A law firm is asking Tesco shareholders to join a group that wants to bring a lawsuit and seek billions in compensation for losses relating to the UK retailer's profit overstatement.

Tesco regains ownership of 21 UK superstores

2015-03-20 11:00

Britain's biggest retailer Tesco has regained sole ownership of 21 superstores in a deal that forms part of a plan to strengthen its core UK business.

Retail sales slow in January

2015-03-18 14:32

South Africa's retail sales have grown 1.7% year-on-year in January, below market expectations and lower than a revised 2% expansion in December.

Sainsbury's sales dip for fifth straight quarter

2015-03-17 11:00

British supermarket Sainsbury's has posted a quarter of declining underlying sales and says it does not expect the trading environment to improve any time soon.

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