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Retailers News

RIM announces retail channels for BlackBerry PlayBook
WATERLOO, US: Research In Motion, based in Waterloo, in the US, has announced plans to make the highly anticipated BlackBerry PlayBook tablet available in more than 20 000 retail outlets in the US and Canada. 23 Mar 2011
A cloud lifted on Pick n Pay's troubled bid to sell its Franklins stores to Australian retailer Metcash last week when evidence emerged in court that the regulator, despite opposing the sale on the grounds it would harm competition, knew all about a rival's bid to set up a wholesale operation to challenge Metcash. 22 Mar 2011
Bad credit records increase marginally for 4Q 2010
In a quarter-on-quarter comparison between the December 2010 and September 2010 quarters, the National Credit Regulator (NCR) reported that the number of consumers with impaired records increased to 8.61m. This indicates a deterioration in the credit records of 120 000 (0.2%) consumers quarter-on-quarter and 426 000 (1.2%) year-on-year. In terms of accounts, the number of impaired accounts decreased by 189 000, to 16.36 million. This is a decrease of 0.2% over the previous quarter. 18 Mar 2011
Fashion-forward men's clothing store opens in Cape Town
Officially opening on Thursday 24 March 2011 in Kloof Street in Cape Town, Unknown Union (UU) is more than a clothing shop. With interiors designed by globally recognised, New York-based architectural designer, Rafael de Cardenas and curated by a dynamic team of international music, design and fashion players, it represents a collective of global creativity that is set to make itself a fresh and important part of Cape Town's urban, cultural scene. 18 Mar 2011
Retail trade sales in January fell lower than expected at 6.4% year-on-year, Statistics South Africa (Stats SA) said on Wednesday, 16 March 2010. 17 Mar 2011
JD Group on Monday, 14 March 2011, announced the proposed acquisition of Unitrans Automotive, one of the four largest motor vehicle retailers in SA, and Steinbuild, owners of the Timbercity and Pennypinchers building supplies and DIY businesses. 15 Mar 2011
Should the Competition Tribunal approve the acquisition of 51% of Massmart by Wal-Mart, the US group intends asking Mark Lamberti to remain on as independent non-executive chairman. 15 Mar 2011
Metcash Trading Africa announced on Tuesday, 8 March 2011, that it had entered into an agreement with the Shoprite Group in terms of which the franchise division of Metcash would be sold to Shoprite. 10 Mar 2011
In 2004 the FM hailed Massmart as "SA's Walmart", a description now on the verge of becoming a reality. All that is needed is the competition tribunal's approval of Walmart's R16,5bn bid for a 51% stake in Massmart. 7 Mar 2011
Since Woolworths and Truworths parted company in 1998, 17 years after an ill-conceived merger, Truworths has been the share to back, rising 700% compared with its former stablemate's modest 260% advance. Now the odds could be swinging in Woolworths' favour. 4 Mar 2011
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
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