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Retailers News

Clothing retailer Mr Price on Thursday, 13 January 2010, announced a 10.4% year-on-year increase in its sales for the third quarter of the financial year to March, in line with other established retailers who are proving themselves resilient in difficult economic conditions. 17 Jan 2011
Retailer Truworths said on Friday, 14 January 2011, it expected that both basic and headline earnings per share for the first 26 weeks - from 28 June until 26 December 2010 - of the financial year to be between 17% and 20% higher, relative to the corresponding period in the 2010 financial year. 17 Jan 2011
Specialist auction in Cape Town
Over 600 items from the personal collection of the late Cecil and Milly Finneran, who established Finn's Antique Corner in Church Street in 1950, will go on auction at Rudd's Auctioneers in Cape Town on 8-9 February 2011. 14 Jan 2011
Redgwoods sees 10% sales increase over Christmas
Redgwoods, one of the country's biggest toy and baby products retailer saw December 2010 produce a sales increase of 10% over the same period in 2009, delivering "a satisfactory performance", according to director Issy Zimmerman. 13 Jan 2011
LONDON, UK: British supermarket chain Sainsbury's on Wednesday, 12 January 2011, said it had enjoyed record Christmas sales, as customers battled snow and freezing temperatures to head to its stores. 12 Jan 2011
Massmart Holdings reported on Wednesday, 12 January 2011, that total sales for the 26 weeks to December 2010 increased to 27.5 billion rand, representing growth of 13.3% over the prior 26-week period, with year-to-date deflation estimated at 2.9%. 12 Jan 2011
South Africa's largest supermarket chain, Shoprite Holdings, reports its turnover rose by 9.5% to R36,3 billion over the last six months. 11 Jan 2011
The hottest ticket on the JSE last year was anything to do with electronic goods, gadgets and related software - and analysts say the trend is set to continue, with flatpanel TV, smartphones and computers top of everybody's shopping list. 11 Jan 2011
LONDON, UK: British fashion retailer Next and entertainment chain HMV revealed on Wednesday, 5 January 2011, that their sales fell sharply during the crucial Christmas period because of heavy snow and tough trading conditions. 5 Jan 2011
The Competition Commission's finding that supermarkets are not colluding over prices, or using their clout to suppliers' detriment, will please the grocers. 4 Jan 2011
NEW DELHI, INDIA: French supermarket giant Carrefour has opened its first cash and carry store in India, hoping the government will soon relax restrictions on foreign investment in its massive retail sector. 3 Jan 2011
Woolworths and Pick n Pay stand out as the two worst performing companies in the retail sector in 2010, according to a retail analyst. 31 Dec 2010
Samsonite's shop within a shop
Luggage brand, Samsonite has launched exclusive branded boutique 'shops' within exclusive luggage outlets in Johannesburg and Cape Town. 28 Dec 2010
Walmart's offer to acquire 51% of Massmart has put SA in the display case for retailers intent on global expansion. 28 Dec 2010
"Free money" in offshore markets has been a driving force in pushing up valuations in emerging markets to historic highs and South African retailers have shared in this largesse and valuations in the food retail sector are at near-decade highs, according to Investec Asset Management Equity research. 24 Dec 2010
Samsung Electronics SA has warned consumers to beware of 'grey products' as they shop for electronic items during the festive season. 21 Dec 2010
Months ahead of its likely entry in SA, riding on its low-price reputation, Wal-Mart is battling perceptions in its home US market that it is no longer the cheapest retailer. 21 Dec 2010
Gold coin retail in international finals
The Scoin Shop, the retail division of the South African Gold Coin Exchange (SAGCE), was nominated as an international retailer of the year award finalist, alongside Desigual with 7000 shops, Jack Wolfskin and Lego, during the MAPIC Awards, which recognise excellence and innovation in the retail real estate arena, at the Palais Des Festival, Cannes, France last month. 21 Dec 2010
Wealthy Christmas shoppers have a range of unusual gifts to splash out on this year - everything from a highspeed Ducati ride to a R145000 flip in a fighter jet. 20 Dec 2010
Total till takings in South Africa this Christmas are bound to crack the R60-billion barrier, a milestone narrowly missed last year, according to Statistics South Africa's total retail sales at current prices. 20 Dec 2010
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