Wholesale retailer Massmart on Thursday said that sales over the 26 weeks to December 28 rose 13.2% to R22.8-billion compared with same time a year ago, with 12-month rolling inflation estimated at 9.9%. 9 Jan 2009
Pick n Pay is not disappointed with festive season sales, saying consumers showed "amazing resilience" under difficult conditions, with sales exceeding forecasts. 9 Jan 2009
British retailer plans to close 27 stores and shed more than 1000 jobs. 8 Jan 2009
UK's Woolworths moves closer to fading into the sunset. 29 Dec 2008
For many women, shoes and not diamonds are a girl's best friend. Ask Penny Mubaiwa, owner of Amaranth Exclusive, an upmarket shoe boutique that specialises in imported footwear from Brazil. 12 Dec 2008
Aggressive pricing and pre-Christmas markdowns are the ways that retailers are hoping to survive what is likely to be a tough Christmas period. 12 Dec 2008
Retail sales fell for the sixth month running in October, Statistics SA said yesterday, while a business survey showed that trade conditions for wholesalers and retailers plunged to an eight-year low last month. 11 Dec 2008
The new partnership between fuel giant and local retail titan materialised when the first Pick n Pay Express store was opened at a BP service station in Hout Bay, Western Cape, recently. 4 Dec 2008
Furniture, motor and carpet retailer Nictus today posted a 73% rise to 3.99 cents in headline earnings per share for the interim period to September. No interim dividend was declared. 2 Dec 2008
Furniture maker and distributor Steinhoff International says its trading operations have been affected to a varying degree by the global economic slowdown and negative consumer sentiment. 2 Dec 2008
As desperate retailers try to entice shoppers into their stores with great discounts and specials, their efforts may result in bolstered sales, but... 1 Dec 2008
Proving that some retail sectors still have a heartbeat, Incredible Connection this month announced that sales grew by 17,1% in the financial year to August — well above the flat or negative growth reflected by many other retailers. 28 Nov 2008
Retailer Massmart yesterday issued an upbeat trading update, telling shareholders total sales in the first 21 weeks of the 2009 financial year were up by more than 13% and undertaking to keep an eye on costs while expanding its business. 27 Nov 2008
LONDON, UNITED KINGDOM: Shares in one of Britain's best-known high street retailers, Woolworths, were suspended here on Wednesday amid talks to rescue the firm, the company said. 26 Nov 2008
Wholesaler Massmart Holdings today reported total sales growth of 13.3% and comparable sales growth of 12.3% for the first 21 weeks of the 2009 financial year. 26 Nov 2008
African Bank's first move when it got into the driving seat of furniture retail chain Ellerines in January was to slam the credit extension brakes hard. 25 Nov 2008
Times may be tough for retailers, but the Gonubie-based VW Group of Spars believes an economic downturn provides the best opportunity for aggressive expansion. 24 Nov 2008
Swiss-based luxury goods group Richemont today reported a 10% rise in sales for the six months ended September to €2.8 billion. 14 Nov 2008
Just two days after regional consumer electronics chain Circuit City declared bankruptcy, Best Buy has slashed its earnings forecast for the upcoming holiday season and much of 2009. 13 Nov 2008
Retailer Mr Price Group has reported an 11% increase in diluted headline earnings per share to 86 cents for the six months ended September from 77.5 cents a year ago. 12 Nov 2008
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