ARTICLES RELATING TO RETAIL

Moody's warns of junk status for Tesco

2014-10-31 19:45

Tesco could see its debt downgraded to junk"status unless it outlines plans to cut borrowing and improve trading, rating agency Moody's say.

Woolworths positive about Namibian prospects

2014-10-28 14:22

In October Woolworths will open its ninth store in Namibia at The Grove in Windhoek.

Investors worry about Tesco's fall from grace

2014-10-27 11:55

Investors have demanded higher yields to hold Tesco's debt while the cost of insuring against default has risen sharply after ratings downgrades.

Africa's fashion influence increasing

2014-10-24 16:00

Fashion industry icons and local and international media are set to converge on Melrose Arch, Johannesburg, for the Mercedes-Benz Fashion Week Africa.

Tesco CEO says more ways to win back shoppers

2014-10-23 10:30

Tesco CEO Dave Lewis says there is more it can do on prices, but it was not the only way for the embattled British supermarket to win back lost market share.

Retail partnership to curb centre robberies

2014-10-22 17:50

Retailers and shopping centre owners and managers have formed an anti-crime collaborative forum to stem a spate of shopping centre robberies.

Reckitt Benckiser sales hurt by sluggish markets

2014-10-21 13:06

Sales growth at consumer goods maker Reckitt Benckiser has slowed more sharply than expected in the third quarter, hit by cooling emerging markets.

Tesco stems sales decline

2014-10-21 11:15

Sales at Britain's Tesco, the leading grocer reeling from an accountancy scandal, has fallen over the last 12 weeks, industry data shows.

Tesco earnings hole may be less than thought

2014-10-19 19:02

The world's third largest retailer, Tesco, will reportedly state next week that it overestimated earnings by less than the £250m which it previously announced.

Jimmy Choo shines on market debut

2014-10-17 12:30

Jimmy Choo has inched higher on its London stock market debut, watched closely by even the least fashion-conscious of bankers.

Former Ellerine boss heads to Zim

2014-10-16 19:08

Zimbabwe’s biggest conglomerate Innscor, has appointed former Ellerine Holdings CE Tony Fourie as its Chief Executive Officer.

Jimmy Choo seen pricing London float at bottom

2014-10-16 15:30

Luxury shoemaker Jimmy Choo is expected to set its London flotation, amid declining enthusiasm for new issues.

Tiger Brands recalls Tastic products

2014-10-16 10:13

Tiger Brands has recalled 17 000 packs of its Tastic Simply Delicious line of instant rice and sauces after tests found traces of potentially carcinogenic ingredients.

Pick n Pay's Zim partner gets $89m from govt

2014-10-14 13:55

Meikles Africa Limited, Pick n Pay's Zimbabwean partner, will use the $89m it will receive from the government to open new stores.

Safety hazards rife at Bangladesh factories

2014-10-14 09:16

Inspectors hired by a group of Western clothing brands have found safety problems at all the Bangladesh factories they visited, identifying over 80 000 issues.

Kmart is latest victim of US retail data breach

2014-10-12 18:15

Kmart says a data breach of its systems has compromised some customers' data in the latest cyber security attack against a major US store.

Shopping centre bullies or victims?

2014-10-09 06:00

Could non-exclusivity rental clauses in shopping centres dominated by large retailers become a reality in South Africa, asks Francois Froneman.

Tesco asks fifth senior executive to step aside

2014-10-07 11:30

British grocer Tesco has asked a fifth senior executive to step aside as it investigates an estimated £250m overstatement of its first-half profit.

Listing could value Jimmy Choo at up to $1.1bn

2014-10-07 09:30

Luxury shoe maker Jimmy Choo is on course to join London's main stock market next week, citing the initial price range quoted by banks arranging the sale.

Pick n Pay flags up to 35% profit rise

2014-10-06 12:10

Pick n Pay has predicted a more than one-third jump in half-year profit, as cost cuts helped it offset sluggish sales growth.

Tesco's £250m black hole raises questions

2014-10-02 09:45

"Things are always unnoticed, until they're noticed," Tesco chairperson says on how the retailer has failed to spot a £250m sized hole in its first-half profits.

UK watchdog to investigate Tesco scandal

2014-10-01 12:36

Britain's financial watchdog has launched a full investigation into the Tesco accounting scandal that has now wiped £4bn from the grocer's stock market value.

Adidas fights to draw top talent

2014-09-29 10:30

Adidas needs world-class designers, brand experts and technical whizzkids to improve its image against US rival Nike.

Tesco bosses could face scrutiny over scandal

2014-09-26 07:20

British lawmakers might want to grill Tesco executives about the overstatement of profits that has thrown the retailer into turmoil, reports BBC radio.

More bad news expected from Tesco

2014-09-23 15:45

Tesco has rushed to parachute in new finance boss Alan Stewart after an accounting scandal, but analysts are bracing for further negative news.

 

UK watchdog to probe Tesco errors

2014-10-29 16:30

Britain's Serious Fraud Office is to launch a formal criminal probe into accounting errors at troubled supermarket Tesco, according to Sky News.

New Tesco boss gets 'golden hello'

2014-10-27 20:04

Tesco has awarded new boss Dave Lewis options for 1.66 million shares to compensate for benefits he surrendered when he quit his previous job.

Shoprite Group increases turnover

2014-10-27 10:15

The Shoprite Group has increased turnover for the three months to September 2014 even though local market conditions remain relatively unchanged.

Nestlé ready to act if Ebola spreads - CEO

2014-10-23 10:53

Nestlé has no plans to curb output in cocoa and coffee-rich West Africa because of Ebola, but is ready to adapt if the disease spreads, says the company's CEO.

Tesco scraps outlook on accounting black hole

2014-10-23 09:00

Britain's biggest grocer Tesco has reported a larger than expected hole in its accounts, forcing it to scrap its full-year trading profit outlook.

Tesco sales continue to slide

2014-10-21 14:30

Data shows that Tesco's sales continue to fall and analysts expect the firm to report a 6% drop in sales for its second quarter to August 23.

Taste broadens its jewellery division

2014-10-21 11:37

Taste Holdings has acquired watch and jewellery retailer Arthur Kaplan to complement its strategy for competing in the upper income consumer market.

UK big grocers can learn from France

2014-10-20 18:03

The success of French retailers in stopping the advance of discounters in the last five years shows a way out of the crisis embroiling Britain's "big four" grocers.

Barbie losing her charm as sales dive

2014-10-16 21:30

Mattel's got girl problems and her name is Barbie. Sales of the iconic doll continue to slide as the crucial holiday season fast approaches.

Pick n Pay profit fails to wow investors

2014-10-16 17:10

Pick n Pay Stores have failed to impress investors with a more than one-third rise in profit, overshadowed by concerns on the impact of consumer spending.

Buffett cuts Tesco stake to below 3%

2014-10-16 13:15

Warren Buffett, the billionaire chairperson and chief executive of conglomerate Berkshire Hathaway, has cut his vehicle's stake in Tesco to below 3%.

Pick n Pay profit up but sales growth sluggish

2014-10-16 09:14

Pick n Pay Stores has reported a 32% rise in half-year profit, with cost cuts helping to offset muted sales growth as the squeeze on consumers continues.

Let the pizza wars begin

2014-10-14 10:39

Following the arrival of Pizza Hut and Domino's Pizza in South Africa, Debonairs Pizza has declared itself ready to take on the competition.

Jimmy Choo narrows IPO price

2014-10-13 17:00

Luxury shoe maker Jimmy Choo expects its initial share sale to be priced between 140 pence and 160 pence a share.

Unilever to invest $246m in Thailand

2014-10-10 09:30

Anglo-Dutch consumer goods company Unilever will invest $246 million in Thailand, the investment will be used to improve local Unilever infrastructure.

Abraaj Group buys majority stake in SA's Libstar

2014-10-08 14:00

Emerging market-focused firm Abraaj Group has bought a majority stake in Liberty Star Consumer Holdings, a South African food and personal care manufacturer.

Truworths intends to buy Earthchild

2014-10-07 11:29

Truworths has signed a letter of intent with the shareholders of Earthchild Clothing to acquire their shares in Earthchild, subject to certain conditions.

Woolworths worries over staff, client safety

2014-10-06 15:22
98 comments

Due to increasing concern about the safety of customers and employees, Woolworths is considering further precautions like legal action against BDS South Africa.

Macau dealers walk off, labour unrest rises

2014-10-03 10:30

Hundreds of casino workers in gambling hub Macau have walked off the job to demand higher wages and better benefits, the latest in a wave of labour unrest.

Pepsi to launch naturally soda on Amazon

2014-10-01 18:15

PepsiCo is for the first time introducing a product exclusively through Amazon.com as the snack and soft drink maker aims to expand its footprint in e-commerce.

A second chance for youth at risk

2014-09-30 14:36

The Youth Focus Project offers students, who were struggling to advance past grade 9, the opportunity to gain skills for the wholesale and retail sector.

Rhodes Food raises $107m in IPO

2014-09-26 16:16

Rhodes Food Group has raised $107m in an initial public offering priced in the middle of an earlier indicative range.

Tesco-style accounting risks well known

2014-09-24 13:10

Tesco's disclosure of huge accounting mistakes over contracts with its suppliers has shocked industry analysts and executives.

Tesco new finance chief to start sooner

2014-09-23 09:29

The newly-appointed chief financial officer of Tesco, Britain's biggest grocer, will start earlier than the announced date of December 1.

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