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Retail News

LVMH awards SA's Lukhanyo Mdingi coveted Karl Lagerfeld Prize
South African fashion designer Lukhanyo Mdingi scooped the Karl Lagerfeld Prize during the final of the eighth edition of the global LVMH Prize for Young Fashion Designers. 8 Sep 2021
Source: Supplied
Source: Supplied
South African retailer Babies R Us has introduced bespoke wellness clinics to its family-orientated wellness departments in selected stores. 8 Sep 2021
Source: Supplied
Source: Supplied
South Africa's private label (PL) sector has continued its upward trajectory despite Covid-19 restrictions and an altered consumer reality driven by the pandemic. 7 Sep 2021
- BMi Research
Covid-19 pandemic shifts consumer demand for dairy products
The Covid-19 pandemic has resulted both in shifts in consumer demand for dairy products as well as changed consumer purchase habits with fewer customers in-store and consumers favouring garage forecourts given their convenience. As a result, garage forecourts have adjusted their product mix to ensure a more balanced offering between immediate consumption and future consumption pack alternatives. 7 Sep 2021
#Newsmaker: Meet new Builders vice president Herman Venter
On 1 August this year, Herman Venter stepped into the role of vice president at well-known building materials and home improvement retail chain Builders. 7 Sep 2021
Source: Reuters/Mike Blake
Source: Reuters/Mike Blake
South African retailer Steinhoff International on Monday said it had gained approval for its proposed lawsuit settlement offer to claimants who lost money when it revealed holes in its accounts in December 2017. 7 Sep 2021
Retailer agility inspires hope for shopping mall trade
Young and driven local retail entrepreneurs, such as Theo Baloyi of Bathu Shoes and Drip Footwear's Lekau Sehoana, are helping to build a positive future for physical retail by successfully growing innovative chains of stores that are finding favour among local shoppers. 6 Sep 2021
- Domains.co.za
How to reduce e-commerce cart abandonment rates
'Add to cart' is a concept that is easier on an e-commerce site than in a real brick-and-mortar store. By the same token, cart abandonment is far easier online than in real life. While people may change their mind in a real store too, we don't often see multiple trolleys with items in, deserted at checkout points. Yet, this is one of the biggest challenges that online stores face, with nearly 70% of shoppers exiting their site with items in their cart. 6 Sep 2021
Louis Vuitton, Chanel top list of SA's favourite luxury brands
The latest State of the Luxury Market Report reveals that Louis Vuitton is South Africans' favourite luxury brand and that luxury accessories can be worthwhile investment pieces. 6 Sep 2021
DGB strikes up partnership with US wine importer Cape Classics
South African independent wine producer DGB has partnered with Cape Classics, expanding the New York City-based importer's portfolio which currently consists of 26 brands from South Africa and France. Brands including Boschendal, The Beachhouse, Bellingham and Ribshack Red will now form part of the importer's South African portfolio. 6 Sep 2021
- Heineken Beverages
Three Ships Mash Tun - a smooth-tasting, bold new invention
From a South African distillery famous for innovation, and globally awarded for its top quality whiskies, comes a bold new invention. Three Ships Mash Tun is a smooth new taste, born in the heart of the James Sedgwick Distillery. 3 Sep 2021
Source: Getty
Source: Getty
Game's Q3 consumer Price Perception Survey found that 86% of South African consumers still prioritise bargain hunting more than they did a year ago, with 66% confirming they are shopping less than they did at this time last year, despite fewer restrictions around movement. Only 11% of respondents say their shopping habits have not changed in the past year. 3 Sep 2021
#Newsmaker: Gareth Kemp to lead Ares Group as new CEO
Ares Holdings Group, the distributor of apparel brands Under Armour, Birkenstock, Crocs and 2XU in southern Africa, has appointed Gareth Kemp as its new chief executive officer, succeeding Neil Scheibe who will remain on the company's board. 3 Sep 2021
Source: Reuters/Mike Hutchings
Source: Reuters/Mike Hutchings
Fashion retailer Truworths International Ltd reported a 26.8% increase in annual profit on Thursday as Covid-19 lockdown restrictions eased in South Africa. 3 Sep 2021
#Fasa21: Entrepreneurship, franchising key to unlocking economic growth
©mavoimage - 123RF
"Recognise us, and the role that we can play in rebuilding the economy," was the message echoed amongst the speakers at the Franchise Association of South Africa's (Fasa) Franchising for Africa virtual conference last week. 2 Sep 2021
Nestlé opens its largest R+D Accelerator
Nestlé has inaugurated its largest R+D Accelerator yet at its fundamental research centre in Lausanne, Switzerland. It is part of Nestlé's global R+D Accelerator network, which was launched in 2019 to provide a platform for startups, students and Nestlé intrapreneurs to bring highly differentiated innovations to the market at speed. 2 Sep 2021
Sealy and King Koil owner Bravo Group rebrands to Bravo Brands
Bravo Group, the South African company specialising in home and lifestyle comfort products, has changed its name to Bravo Brands as part of an extensive rebranding initiative that includes a new logo and refreshed corporate identity. 2 Sep 2021
Source: Getty
Source: Getty
South Africa's seasonally-adjusted Absa Purchasing Managers' Index (PMI) recovered in August, after a steep drop in July when arson and looting gripped parts of the country, a survey showed on Wednesday. 2 Sep 2021
#Fasa21: KFC's Akhona Qengqe on business survival and innovating for the future
Even Africa's biggest fast-food brand, KFC, has not been spared the devastating financial impacts of the Covid-19 pandemic. But despite lost sales, and an uncertain economic trajectory, Akhona Qengqe, chief people officer at KFC Africa, is a firm believer in the resilience and agility of the franchising sector and the promising business innovation that's taking root in the midst of a crisis. 1 Sep 2021
- Stiles
Stiles launches the Stiles Refresh Promotion with up to 45% off selected products
The Stiles Refresh Promotion launches amidst a new trend of home-owners catching the renovation bug. Stiles are offering up to 35% off selected tiles and 45% off selected sanitary ware products at Stiles between 1 September and 31 October 2021 subject to Ts&Cs. 1 Sep 2021
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