Retailers will have to undergo a change in “lifestyle” to make it through the tightening economic cycle, commentators say. Cost cuts and risk reviews are in order. 4 Jul 2008
Twenty-four retailers operating at Gateway Theatre of Shopping in Umhlanga have been nominated for national awards in the new annual Retail Revolution competition, it was announced at the official ceremony held at the shopping centre yesterday, 2 July 2008. The competition covers some 2,000 shops in major retail complexes managed by Old Mutual Investment Group Property Investments. 3 Jul 2008
Keeping in constant touch with advertising and marketing developments is a necessity within the global retail and general marketing industry. With this in mind, I attended the annual Food Marketing Institute's FMI Show, which was held at the Mandalay Bay Convention Center in Las Vegas, Nevada, USA at the beginning of May 2008. Whilst in Vegas, I decided to visit some of the supermarket brands operating in and around this city. 2 Jul 2008
The Pick n Pay Pharmacy in the new Woodmead Hypermarket recently launched a new concept of a primary care clinic. As a departure from the conventional pharmacy clinic, the retailer has partnered with the Medical Nutritional Institute and a pathology group, Drs. Du Buisson, Bruinette and Kramer, to create a range of services. 20 Jun 2008
Small retail businesses are expected to close shop during the course of the year along with job losses in the banking sector as a result of depressed trade conditions. 18 Jun 2008
The business has failed to achieve its targets, says Bertelsmann, which is both a book publisher and retailer as well as a major music and TV investor. 18 Jun 2008
Auctions on eBay aren't going the way of the dinosaur, but they're being overshadowed by fixed-price sales, and eBay sellers who use the traditional auction structure are facing higher fees. These changes are forcing eBay sellers to rethink their approach to their online businesses. 9 Jun 2008
Interest income, card charges, key to overall results. 3 Jun 2008
Oil prices climbed to more than $130 per barrel last week and US consumers (and around the world as well), many of whom have dramatically altered their everyday activities due to increased prices, are definitely feeling the impact. 2 Jun 2008
Lewis does not “upfront” its furniture revenues and therefore has no intention of changing its accounting policies as other major retailers have done, CEO Alan Smart was at pains to explain at the results presentation last week. 30 May 2008
Borders officially cut its ties with Amazon.com on Tuesday, 27 May 2008, with the rollout of its long-planned solo e-commerce site. The book retailer announced in March that it would go it alone online after teaming with Amazon for six years. 28 May 2008
Pick n Pay has been declared the Number One Company in the Food Retailers Sector in the Top 500: South Africa's Best Companies publication. 27 May 2008
Retail group Pick n Pay has revised upwards its headline earnings for the year ended February 2008. 21 May 2008
Skeletons in Ellerines' cupboard tumbled out this week when African Bank CEO Leon Kirkinis admitted that his bank paid R450m “more than we thought we did” when it bought the credit-driven retailer last year for R9,1bn. 16 May 2008
Best Buy, the biggest US electronics retailer, is paying US$2.1 billion for a 50% stake in Europe's largest cell phone retailer, Carphone Warehouse, the companies announced Thursday, 9 May 2008. 9 May 2008
Consumer electronics group Nu-World witnessed an 18.5% decline in headline earnings per share to 161.2 cents in what it described as an extremely difficult six month trading period to the end of February. 7 May 2008
JSE listed UK retail group Tradehold substantially reduced its trading loss of £6.6 million in the year to end February 2007 to £1.7 million in the same period in 2008, the company said on Monday, 5 May 2008. 7 May 2008
The opening of the multimillion-rand Mdantsane City mall two weeks ago heralded a new era for the township, as it transforms from a dormitory housing development to a self-contained suburb with its own amenities and entertainment facilities. 6 May 2008
More people than ever before in the UK, are shopping at supermarkets for items other than food, reveals new research from Verdict Consulting, a specialist division of Verdict Research reveals. 14 Mar 2008
A new report* from Retail Analysts Verdict Research, part of the Datamonitor Group, reveals that the battle for UK grocery market share has become more intense than ever. Despite the Competition Commission's concerns that UK shoppers may lack a choice of food retailers, Verdict finds that competition in the sector is flourishing. 22 Feb 2008
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