The Foschini Group expects its basic and headline earnings per share (HEPS) for the six month period ended September 2011 to be between 23% and 26% higher than those reported for the corresponding prior period. 2 Nov 2011
Since I arrived in Gaborone in June 2011, the retail environment has just been getting better. One of the initial reasons that I rented our house in this area, (Broadhurst Ext 44) was the large sign, less than a kilometre away, that read "Sebele Centre opening end June - Pick n Pay, Woolworths and many more shops". 2 Nov 2011
In line with its aggressive African expansion plans, retailer Pick n Pay (PIK) on Friday, 28 October 2011, announced the opening of its second Mauritian store at Cascavelle in Mauritius. 1 Nov 2011
With the festive season around the corner, Africa's largest retailer, Shoprite is optimistic that consumers will continue to spend despite high levels of personal debt and escalating living expenses. 1 Nov 2011
Retailer Shoprite Holdings on Monday, 31 October 2011, reported that for the first quarter ended September, total turnover increased by 10.8% - with total internal inflation at 3.8%, this represents real growth of 7.0%. 1 Nov 2011
How much worse can it get? It's a question long-suffering Pick n Pay shareholders have good reason to ask after a 39% slump in headline earnings per share (HEPS) in the six months to August. The latest shock follows a 23% fall in the retailer's HEPS in its year to February and came with a further cut in dividend payments, which have now fallen by a quarter over the past 18 months. 28 Oct 2011
Retail group Clicks (CLS) on Thursday, 20 October 2011, reported a 18.1% rise in diluted headline earnings per share (HEPS) to 249.7 cents for the year ended August 2011. Diluted earnings per share were up 19.4% to 248.0 cents. 20 Oct 2011
Retailer Pick n Pay on Wednesday, 19 October 2011, reported diluted headline earnings per share of 40.59 cents for the six months ended August 2011 from 73.74 cents a year ago. 19 Oct 2011
General goods dealer and now food retailer Massmart increased sales by 14.7% in the first 14 weeks to 2 October, reflecting a "return to stability", the company said Monday, while analysts warned that rising costs may stymie sales growth in the coming months. 19 Oct 2011
Retailer Massmart on Monday said total sales for the first 14 weeks to 2 October 2011 increased by 14.7%, with product inflation averaging -0.7%. 18 Oct 2011
Pick n Pay's significant investment to transform into a globally competitive retailer will have a material impact on its half-year profit, which it sees as being 35%-45% lower than last year. 17 Oct 2011
Upmarket retailer Woolworths Holdings on Wednesday, 12 October 2011, said it had signed a joint venture with listed Nigerian company Chellarams Plc to open three stores in the country by December. 13 Oct 2011
Hit by expenses and infrastructure burdens, direct response retailer, Verimark Holdings on Tuesday reported a dip in diluted headline earnings per share (HEPS) of 6.9 cents for the six months ended August, from 9.7 cents previously. Revenue was down 2.2% to R196.2 million. 12 Oct 2011
Carrol Boyes won Sandton City's Best Overall Retailer and Cartier won the Best Customer Service Award at the annual Sandton City Shopping Centre Tenant Excellence awards. 11 Oct 2011
Pick n Pay shares tumbled as much as 4% yesterday morning to R35.04, their lowest in more than two years, following an announcement after the market closed on Tuesday, 4 October 2011, that earnings would drop as much as 50% due to spending on business renewal. 6 Oct 2011
Leading retailer group TFG (The Foschini Group) has bought niche luxury menswear brand Fabiani, effective from 1 October 2011. Established in 1978 by Arie Fabian and renowned for the exceptional cut of its suits, highest quality fabric and powerful design details, it expanded its offer to include casual clothing, shoes and fashion accessories and is considered one of the leaders in the luxury menswear market. Fabian will join the group as the brand director. 6 Oct 2011
Discount retailer The Crazy Store (TCS), plans to expand its footprint and cash-in on Africa's burgeoning middle class. 5 Oct 2011
Competition is set to heighten at Cape Town's premier retail and entertainment destination, the V&A Waterfront, which recently saw the addition of a number of local and international brands to its retail and food and beverage fold. 5 Oct 2011
Massmart, which owns the Game, Builders Warehouse and Makro retail chains, has fired another salvo in the retail price wars that have erupted since Walmart's entry into the country, announcing a new 60-day product promotion. 3 Oct 2011
Today, 30 September 2011, Pick n Pay completed the sale of Franklins to Australia's Metcash. Metcash is now responsible for the management of the business. 30 Sep 2011
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