Thousands face axe as JD Group plans shop closures

2016-02-22 12:52

Furniture retailer JD Group is planning to close about 260 stores employing thousands of workers as it seeks to stabilise its finances.

Steinhoff to buy remaining JD Group shares for R1.2bn

2015-04-21 15:13

Steinhoff, which last year agreed to buy Pepkor for R62.94bn, has said it would buy out fellow investors in furniture chain JD Group, offering R34 per share for the 13.22% stake.

Steinhoff increases revenue to R117bn

2014-09-10 15:19

Steinhoff International Holdings aims to turnaround troubled JD Group after posting a 20% revenue jump for the year ended June, CEO Markus Jooste tells Fin24.

JD Group soars on finance unit sale news

2014-09-02 10:16

The share price of JD Group has jumped more than 5% in early trade after the struggling furniture retailer said it will sell its financing arm.

No discount on JD Group's R2.48bn rights issue

2014-04-11 17:36

Struggling Furniture retailer JD Group priced its R2.48bn rights offer at its current share price, to shore up its balance sheet.

Steinhoff to buy 98% of ailing JD Group

2014-03-19 09:24

Furniture group Steinhoff has offered to increase its holding of debt-laden subsidiary JD Group to 98%, to provide much-needed financial support to the company.

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.

JD Group buys 19 Steinhoff properties

2012-12-14 11:07

Retailer JD Group has acquired 19 properties and leases from Steinhoff International in exchange for JD Group shares worth R447m.

Tough year for retailers

2010-06-04 09:57

Recession cuts consumer spending despite interest rate cuts.


Pepkor, discount retail boost Steinhoff coffers

2015-09-08 18:41

Steinhoff's earnings have been primarily supported by a growing discount retail environment and an ongoing focus on cost savings, says CEO Markus Jooste.

Jooste: Change coming in SA furniture industry

2014-09-14 15:21

A new furniture store concept is being tested in SA, which is based on the larger furniture stores Steinhoff owns in Europe, says Steinhoff CEO Markus Jooste.

JD Group posts huge loss, cans dividend

2014-09-08 16:30

JD Group has posted a massive annual loss of R1.923bn compared with a profit of R632m reported in the previous comparable period.

JD Group cuts rights offer

2014-05-22 09:26

Furniture retailer JD Group has cut the size of its planned rights offer, after agreeing to shift its funding to top shareholder Steinhoff International.

Steinhoff may have property plan for JD Group

2014-03-23 15:37

Is Steinhoff International Holdings looking to use the JD Group listing on the JSE to list its growing property portfolio, asks Adriaan Kruger.

Consumer debt bites retailers

2014-02-20 21:17

Clothing and credit-based furniture retailers Truworths and JD Group wrote off consumer debt totalling over R1bn in the six months through December.

JD Group's bad debts spook investors

2014-02-11 19:18

Shares in JD Group have tumbled by 6% after announcing that it would likely suffer a profit loss because consumers can't afford to pay their furniture debt.

JSE moves into overbought territory

2010-09-19 11:55

Local shares may either consolidate around current levels or see profit-taking.

Demanding or demeaning?

2010-06-02 15:00

There are so many surprise rankings on this year's p:e table, you're bound to go back into old Sens announcements.

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