Supermarket chain Pick n Pay has come under fire - just days before the group's annual general meeting - for corporate governance shortcomings including a lack of independent directors and a proposed "extremely high" R3m fee for nonexecutive chairman Gareth Ackerman. 14 Jun 2010
Foreign currency and local enthusiasm for the FIFA Soccer World Cup have significantly contributed to the bottom line of some businesses in the retailing and hospitality industries in the first week of the tournament. 14 Jun 2010
Fruit & Veg City celebrated the grand opening of its 1400sqm wholesale store located in Boksburg, on the East Rand of Gauteng, yesterday, 10 June 2010. 11 Jun 2010
Fashion outlet Uzzi opened its doors in the popular Pan Africa Shopping Centre in Alexandra on 3 June 2010, expanding the centre's retail mix with its upmarket fashion showcase. 11 Jun 2010
Hemingways Mall in East London, has announced new tenants, from well-known food franchises, to some exclusive retail outlets. "Despite the trying economic conditions, the centre has steadily grown its turnover and gained popularity with both consumers and retailers," notes Hemingways Mall GM, Rachel Klaasen. 10 Jun 2010
LONDON, UK: Tesco, Britain's biggest retailer, said on Tuesday, 8 June 2010, that its chief executive Terry Leahy will step down in March 2011 to be replaced by Philip Clarke, who heads the supermarket group's Asian operations. 8 Jun 2010
At the annual Mail & Guardian 'Greening the Future Awards', held earlier this month in Hyde Park, Johannesburg, Pick n Pay was named the overall winner in the category 'Companies and organisations with innovative environmental strategies that improve business performance.' 8 Jun 2010
The Sandton district has been ear marked as a FIFA zone and Sandton City, which offers international shopping with South African style, is set to deliver on all fronts over the World Cup period. In anticipation of the influx of visitors to the area over June and July, the centre has extended its trading hours from 9am to 9pm from 1 June - 15 July 2010. The mall will not be affected by the traffic free zone road closures around the FIFA Fan Fest at Innisfree Park. 7 Jun 2010
Edcon, the clothing retailer with debts of more than €15bn, yesterday, 3 June 2010, said it had curbed its store expansion plans as it tightened spending and saved cash in a tough economic environment. 4 Jun 2010
"The Hemingways Mall is experiencing growth in almost all areas including turnover, the number of cars accessing the centre and its total spend-per-shopper. These are all good indicators that it is growing its customer support base," reports Hemingways Mall GM Rachel Klassen. 4 Jun 2010
Massdiscounters, which includes Game and Dion Wired stores, confirmed on Tuesday, 1 June 2010, that as a result of its investment in regional distribution centres, new technology and the consolidation of workflows, a number of positions have been made redundant and letters of retrenchment have been issued to affected employees. 2 Jun 2010
Shops are stocking up on additional suntan lotion, painkillers, headache tablets and energy drinks ahead of the World Cup. 31 May 2010
Adding to its other stores in the Limpopo province, Fruit & Veg City's Fresher Food Store was launched in Lephalale (Ellisras) on Thursday 27 May 2010. The 780sqm store will offer customers a wide variety of the freshest fruits and vegetables sourced from the nearby farming communities, including a dairy department with a selection of cheeses, an extensive dried fruit and nut department, and the convenience of a 'fruit stop' that offers lunchtime healthy and affordable on-the-go snacks, including fruit salads and smoothies. 31 May 2010
Fashion retailer Foschini on Thursday, 27 May 2010, said that in line with the group's strategy of investing for long-term growth, it will open in the region of 100 new stores in the year ahead, increasing its trading space by approximately 7%. 28 May 2010
Engen announced yesterday, Monday 24 May 2010, that it will share the burden of bank transaction costs halfway with its dealers over the World Cup period, which will significantly improve dealer profitability on credit card fuel sales. 25 May 2010
Woolworths and private hospital group Netcare on Friday, 21 May 2010, pulled the plug on a three-year project to test the demand for upmarket retail pharmacy outlets. 24 May 2010
Furniture retailer Lewis Group said on Wednesday, 19 May 2010, that a more aggressive store expansion programme would see 40 to 45 new stores opened in the year ahead. 20 May 2010
Retail trade sales for March 2010 grew by 1% compared to March 2009, Statistics South Africa (Stats SA) said on Wednesday, 19 May 2010. 19 May 2010
Chief finance controller Bakar Jakoet has been appointed as Pick n Pay's CFO-designate to take over from Dennis Cope when he retires at the end of April 2011, the retailer said today, 19 May 2010. It was also announced that current company secretary Gary Lea has been appointed retail finance director on the Pick n Pay Retail Management Board. 19 May 2010
DionWired opened its 11th store in the newly completed I'Langa Mall in Nelspruit, in April 2010. The store features LCD screens featuring as-you-shop customer advice, special tips added to product and price information and interactive gadget displays. 19 May 2010
