Looking at a full economic recovery in only 2013, indicates a long road to health for South Africa's retail sector. However, international investment shows high confidence for the future of retail. 2 Feb 2011
Clicks management remains cautiously optimistic about a recovery in consumer spending. Investment in long-term growth will continue, and R250m in capital expenditure has been committed for 2011. Management is also planning to increase trading space by 4%-5%. 31 Jan 2011
Hemingways Mall in East London, which opened on 24 September 2009, reports year-on-year quarterly turnover and trade density growth increased by 32% Q4:2009-2010, even though 2009 quarter was the opening quarter. December year-on-year growth equates to 20.5%. It also reports significant month on month turnover growth of 8.20%, 13.43% and 84% during October, November and December 2010 respectively, indicating a rising trend, and, a quarterly growth of 51% Q3 to Q4:2010. 27 Jan 2011
ATM bombings in SA ratcheted up a reported 3000% from 2005 to 2008, but unbelievable figures like this are not preventing one company from its ambitious plans to roll out ATMs that dispense gold coins. 26 Jan 2011
Montecasino has opened an innovative state-of-the-art concept store, the Skoobs Theatre of Books, where guests are transported into a parallel world of literary and entertainment. Reportedly the first of its kind in South Africa, it covers 1200m2 of space on two levels and offers a range of books in every imaginable genre, a coffee shop, an interactive gaming area, an upmarket champagne bar and a fish tank, complete with specially designed water books, to keep visitors mesmerised. 26 Jan 2011
CHICAGO, US: The private label market has enjoyed sales growth in recent years that isn't likely to decrease in the near future. Private label companies continue to introduce better-for-you products and more attractive packaging, all while being easier on consumers' pockets. 25 Jan 2011
Furniture retailers Lewis Group said Friday, 21 January 2011, that sales have continued to improve since the interim reporting period, with merchandise sales for the quarter ended December 2010 increasing by 13%. 24 Jan 2011
Woolworths Holdings announced Thursday that group sales increased by 9.8% for the 26 weeks to 26 December 2010 compared with the same period last year. Comparable store sales growth for the period was 5.9%. 20 Jan 2011
Massmart shareholders have voted in favour of Wal-Mart's acquisition offer at a special meeting held at Massmart's offices in Johannesburg on 17 January 2011, it was announced yesterday. Of the shareholders present and entitled to vote, 97.67% voted in favour of the deal that will see Wal-Mart acquire 51% of the company at a cash price of R148 per share. 18 Jan 2011
Musica, one of South Africa's largest music and entertainment retailers, announced its top sellers over the holidays, which featured local music and gadgets. 18 Jan 2011
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
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, 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
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