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Retailers News

Care for a cup of civet coffee?
The Haas Coffee Collective, attached to the lifestyle design store of hand-made objects, Haas Design Collective in Rose Street in the Bo-Kaap, Cape Town offers some of the rarest and most expensive coffees available in South Africa. 4 Mar 2011
Ulundi gets Engen station
Ulundi, KwaZulu-Natal has officially opened an Engen service station designed to meet the needs of the long distance traveller with rest room facilities, banking services, fuel point, 24-hour Quick Shop, Corner Bakery, Equatorial Coffee and a rest point. 28 Feb 2011
Consumer goods distributor Massmart on Thursday, 24 February 2011, reported headline earnings per share of 366 cents for the 26 weeks ended December 2010 from 346.15 cents a year ago. Diluted HEPS were 343 cents from a previous 336 cents. 25 Feb 2011
Consumer goods distributor Massmart on Monday said the Competition Tribunal, at a pre-hearing conference held on 18 February 2011, allocated the dates 22 - 24 March, both inclusive for the merger hearing in relation to the Wal-Mart/Massmart deal. 22 Feb 2011
Retailer Truworths on Monday, 21 February 2011, announced that Mark Sardi had been appointed as the group's chief financial officer, as well as an executive director. 22 Feb 2011
Earlier today, 17 February 2011, Woolworths Holdings reported a 25.8% rise in adjusted headline earning per share to 100.8 cents for the 26 weeks ended December 2010 from 80.1 cents previously. 17 Feb 2011
Europe will remain home of luxury retail
LONDON, UK: Despite huge growth in China, the market for luxury retail in Europe will remain the most lucrative in the world and will grow by nearly US$60 billion (about R431 billion) to be worth US$175 billion (about R1257 billion) by 2015 finds Verdict, one of the Datamonitor group of companies. 9 Feb 2011
The country's biggest microlender, African Bank Investments Limited has reported a strong operational performance for the first quarter ened 31 December 2010, with combined credit sales for African Bank and Ellerines Stores increasing by 59% from R3.5 billion to R5.5 billion. 8 Feb 2011
Fitch Ratings has affirmed South African furniture retailer Steinhoff International Holdings's national long-term rating at A-(zaf) and national short-term rating at F2(zaf). 2 Feb 2011
Stellenbosch is a long way from Leeds, but if Nick Scrase has his way the sleepy Western Cape town and the northern England city will soon get a lot closer. 2 Feb 2011
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 ends year on high note
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
Theatre of books offers new experiences
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
Private label gets quality reputation; consumers change buying habits
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 reviews holiday season buys
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
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