African Bank Investments (Abil), a provider of unsecured loans and the owner of furniture retailer Ellerines, continues to report double-digit earnings growth amid a financial storm that has seen bigger banks report earnings declines. 26 May 2009
BERLIN: Century-old German department store chain Hertie, owned by British financial group Dawnay Day, said it was going out of business and closing all 54 of its stores. 22 May 2009
LONDON: Prestigious British retailer Marks & Spencer said Tuesday, 19 May 2009, that annual net profit slumped nearly 40% in 2008-2009 and cut its dividend by a third due to an "uncertain economic outlook". 20 May 2009
Furniture retailer Lewis Group on Monday, 18 May 2009, reported diluted headline earnings per share of 634.1 cents for the year ended March from 688.1 cents a year ago. A final cash dividend of 179 cents per share was declared. 19 May 2009
South African wholesaler Massmart said on Tuesday, 12 May 2009, that for the 44 weeks to 3 May total sales increased 11.8% to R36.7 billion over the prior period, and comparable store sales grew 9.7%. Inflation for the period is estimated at 11.8%. 12 May 2009
MILAN: Italian clothing group Benetton said on Monday, 11 May 2009, its first quarter net profit slumped more than 37% as sales were hit by the global downturn and a strong euro crimped exports. 12 May 2009
Mass retailer Massmart iss continuing with its strategy of investing for the future despite the recession in the retail sector but would change its tactics to take advantage of new opportunities, CEO Grant Pattison said recently. 11 May 2009
Fitch Ratings says the outlook for South Africa's retail sector remains weak as the economy continues to contract in 2009. Fitch believes a sustained recovery for the broad retail sector is unlikely before 2010. 7 May 2009
DUBLIN: British supermarket giant Tesco said on Tuesday, 6 May 2009, that the group will slash prices in recession-hit Ireland by about 22% to woo customers tempted by competitors in Northern Ireland. 6 May 2009
Supermarket group Spar Group on Tuesday, 5 May 2009, reported a 20.5% rise in headline earnings per share to 242.5c for six months ended March 2009. Diluted HEPS amounted to 234.7c per share. 5 May 2009
Verimark has reported a loss for the 12 months to February and has yet to unveil its long-promised turnaround plan. 4 May 2009
The retailer New Clicks on Thursday, 30 April 2009, reported an 18.8% rise in diluted headline earnings per share to 80.3 cents for the six months ended February 2009 from 67.6 cents a year earlier. 4 May 2009
Food and clothing retailer Woolworths is revamping its look in a bid to offer consumers an experience of “discovery and excitement”. 4 May 2009
Cashbuild said on Tuesday, 28 April 2009, its revenue was up by 29% in the March quarter compared with the third quarter of the prior financial year. 29 Apr 2009
South African retailer Pick n Pay has opened its fifth and sixth Pick n Pay stores in Soweto, underscoring the group's growing market share in the area. 28 Apr 2009
Clicks is accelerating the roll-out of new pharmacies as many other businesses slash expansion plans. 28 Apr 2009
Retailer Pick n Pay on Thursday, 23 April 2009, reported an 18.1% rise in diluted headline earnings per share to 230.62 cents for the year ended February 2009 from 195.28 cents a year ago. 23 Apr 2009
BERLIN: Troubled German retail group Arcandor said on Monday, 20 April 2009, it needs new loans of up to €900 million (US$1.2 billion) from banks and the state in order to survive the recession. 21 Apr 2009
Tumi, the international brand of travel and lifestyle accessories, is joining the social networking scene with the launch of its personal Facebook page. 16 Apr 2009
FRANKFURT: The Woolworth department store chain has been placed under administration in Germany, a Frankfurt court said on Tuesday, three months after the group's last British store shut down. 15 Apr 2009
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