Retail group Truworths International (TRU) anticipates that both basic and headline earnings per share for the 52 week trading period to 28 June 2009 will be between 10% and 15% higher than those reported for the 53 week period to 29 June 2008. 20 Jul 2009
The country's third-largest supermarket group, Spar Group Limited, is selling 10% of its shares to staff and franchise employees in a R1-billion deal. 17 Jul 2009
The R1.77 billion first phase of Sandton City shopping centre's repositioning is gathering momentum, as demolition has wrapped up and bulk earthworks gets underway at what some claim to be South Africa's premier retail destination. 14 Jul 2009
Motorists can now pay by credit card for their fuel at 600 Engen 1-Stop and Quickshop service stations across the country, the South African petrol and diesel retailer announced. This follows a law amendment that allows dealers to accept credit cards, partly to accommodate the massive influx of international visitors expected in 2010. 13 Jul 2009
In the middle of a deep recession, Shoprite was still able to perform better that most of its competitors, an analyst said Thursday, 9 July 2009. 10 Jul 2009
Massmart Holdings reported on Wednesday, 8 July 2009, that total sales for the 52-week period to June 28 2009 increased to R43.1 billion, a growth of 10.4% over the prior year's 52-week period, with inflation estimated at 11.4%. 9 Jul 2009
British luxury clothing company Hackett is looking to expand in South Africa despite a downturn in the retail sector. 8 Jul 2009
A new range of lingerie designed and manufactured specifically for South Africa‘s bigger busted women has arrived in Port Elizabeth. 3 Jul 2009
Retail group Woolworths on Wednesday, 1 July, said a non-cash, unrealised foreign exchange loss of R79 million would be recognised in the income statement for the year ended 30 June 2009. 2 Jul 2009
Amidst the doom and gloom of the current global recession, Cape Union Mart is aiming to capitalise on the opportunities created by the FIFA 2010 World Cup and the economic potential of South Africa with the launch of its massive 2,200m² standalone “pod” at the Canal Walk Shopping Centre in Cape Town, which officially opened its doors on Friday, 26 June 2009. 29 Jun 2009
STOCKHOLM: Swedish furniture giant Ikea has cut 5,000 jobs worldwide due to the global economic crisis but expects to post record sales nonetheless, its chief told a Swedish newspaper on Tuesday, 23 June 2009. 24 Jun 2009
Failing businesses in East London's shopping malls have raised concerns about the viability of retailers in the city. 23 Jun 2009
Even when the chips are down JD Group CEO David Sussman has a bullish outlook on life. So when he points to an uptick in the furniture group's credit sales as “heartening” in a consumer recession, it would be easy to dismiss this as overly enthusiastic. 19 Jun 2009
After more than 60 years in business, the household name of Elco in East London will cease to exist. 17 Jun 2009
Marco Cicoria, CEO of Stuttafords, is one patient man. As a director of Stuttafords since 2000, he's been involved in two leveraged buyouts of the retailer, watched two CEOs come and go and seen the strategy for the grande dame of department stores come full circle. 12 Jun 2009
Lewis Stores CEO designate Johan Enslin has the face of a choirboy and the reserved manner of an accountant. He takes the reins from industry veteran Alan Smart in September, at which point, says Smart, he is “going fishing”. 12 Jun 2009
BERLIN: German retail and tourism giant Arcandor filed for bankruptcy on Tuesday, putting around 43,000 jobs at risk after Berlin dismissed the company's request for emergency state aid. 11 Jun 2009
Local and overseas buyers are queuing to buy Wilderness shoe designer Lindsay Bennett‘s creations. “Women were fighting over the shoes, I sold every one of 200 pairs,” the owner of Lindsay and Co boutique label, told La Femme of her experiences at this year‘s Design Indaba. 11 Jun 2009
MADRID: Inditex, Europe's biggest clothing retailer and owner of the Zara brand, reported on Wednesday a 16% drop in first-quarter net profit as consumers cut spending in the economic downturn. 10 Jun 2009
BERLIN: German Finance Minister Peer Steinbrueck said on Monday, 8 June 2009, that the retail group Arcandor, which owns the Kardstadt chain and a majority share of Thomas Cook, could go bust, and its shares plunged a short time later. 8 Jun 2009
