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Retailers News

Agribusiness Senwes, which handles and stores 25% of SA's grain, is entering the retail arena with a chain of grocery stores in the neglected rural areas. 6 Oct 2008
USA: Wal-Mart will soon shut down the servers controlling reauthorisation of purchased digital rights management (DRM)-protected WMA music files, Ryan Halford, the company's computer buyer, indicated on a Wal-Mart blog. 2 Oct 2008
Psitek has added prepaid electricity vouchers to Kazang, its vending solution that takes electronic prepaid services to under-serviced areas in South Africa. The new service facilitates the electronic sale of recharge vouchers for prepaid electricity meters. 29 Sep 2008
After conducting extensive consumer research and an examination of big retailers around the world, South African-listed retailer Pick n Pay announced on Monday, 22 September 2008, that it is to launch a new store format. 22 Sep 2008
The majority of workers at Woolworths joined the first day of a five-day strike at the retailer, making it 'extremely successful', Saccawu said. 18 Sep 2008
It was business as usual at South African retailer Woolworths during the first day of the nationwide strike across all its operations. 17 Sep 2008
Furniture retailer JD Group has bought the shareholding of Unifer Holdings Limited in Blake & Associates Holdings and increased its holding from 27.5% to 55%, it said on Wednesday, 17 September. 17 Sep 2008
'Just B' goes Legit
Legit, part of Edcon's discount division with 136 stores around the country, has launched a fashion range with television and radio personality, Bonang Matheba. 17 Sep 2008
Still keeping its head above water in spite of the US economic downturn, Best Buy has evidently decided to make a strategic move into a new business area by purchasing legendary online music service Napster - which hasn't been doing all that well since it went legit. 16 Sep 2008
Last month Ellerines' new owner, African Bank Investments Limited (Abil), took a group of analysts for a trip down “misery mile” in Voortrekker Street, Alberton, south of Johannesburg. 12 Sep 2008
Furniture retailer Steinhoff says its foray into overseas markets is finally beginning to pay off with the group having turned around its UK business and consolidated its European Union (EU) investments. 10 Sep 2008
As many retailers face hard times, Redgwoods, the toys group, is expanding and is to open eight stores in eight weeks. 9 Sep 2008
Service stations are hoping for an increase in the retail margin next month, the Fuel Retailers Association said. 8 Sep 2008
The Mr Price group yesterday announced changes to its board of directors, to take immediate effect. 5 Sep 2008
Food and furniture retailer Shoprite has vowed to push ahead with its expansion into Africa. 3 Sep 2008
South African supermarket group Shoprite Holdings on Tuesday reported a 54.1% increase in diluted headline earnings per share to 298.6 cents for the year ended June 2008 from 193.8 cents a year ago. 2 Sep 2008
Retail giant Edcon said last week it would continue to grow sales in the coming months despite a tough trading environment characterised by rising food prices and high inflation. 1 Sep 2008
Fashion retailer Edcon Holdings suffered a first-quarter loss of R643 million to June, compared with a R1,13 billion profit for the corresponding period a year ago. 29 Aug 2008
Puma store opens in Mauritius
Mauritius received its first taste of dedicated Puma gear this month with the launch of the marque's first brand store on the island this month. Consumers and travellers to Mauritius will now have access to a wide range of Puma's sports lifestyle products available in one store. 28 Aug 2008
Retail group Massmart is rolling out more stores as it continues to grow sales despite an economic downturn, by offering low-cost, wholesale basic foods and consumer goods. 22 Aug 2008
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