Consumer goods group AVI announced on Tuesday, 31 January, that it expected headline earnings per share for total operations in the six months to December 2011 to increase by 30% to 194.4 cents, from 149.9 cents a year ago. 31 Jan 2012
Consumer goods distributor Massmart Holdings advised on Tuesday, 31 January, that headline earnings per share (HEPS) would be between 10%-18% higher, or 402.4 cents to 431.6 cents, for the six months to 25 December 2011. 31 Jan 2012
Retailer Lewis Group on Friday, 27 January, said merchandise sales for the quarter ended 31 December 2011 increased by 5.5% off a high comparative base of 13% last year. 27 Jan 2012
LONDON, UK: According to the latest research from Informa Telecoms & Media, the tablet market will explode over the next five years with retail revenues increasing from US$34.5 billion in 2011 to US$121.5 billion in 2016. However, the company's research also shows that telecom operators will lose out while independent retailers are more likely to benefit from tablet sales. 27 Jan 2012
Retailer JD Group said on Thursday, 26 January, cash sales in its furniture retail division grew by 9.8%, when compared to the previous corresponding period, with overall sales increasing by 3.6%. 26 Jan 2012
The South African retail sector has received a significant shakeup since the announcement of Wal-Mart's entry into the field. But there are lessons that can be learnt from a global retailer in the sense that continual improvement is always positive. As a global retailer, Wal-Mart has developed expertise in the area of negotiating with international suppliers, whilst our retailers do not operate on the same global scale. However, I maintain that with South Africa's level of expertise, retailers will hold their own against the global giant. 25 Jan 2012
LONDON, UK: British supermarket chain Asda said on Monday that it planned to create 5000 jobs this year, in a move hailed by Prime Minister David Cameron amid rising unemployment in Britain. 24 Jan 2012
Armed with cash or backed by readily available credit, SA consumers continued on a merry shopping spree during the Christmas season. This is according to trading updates from Mr Price, Massmart and Shoprite. 20 Jan 2012
South Africa may have produced two Nobel laureates in literature but a famous bookshop in Johannesburg is nevertheless about to close, a victim of the country's poor reading culture. 19 Jan 2012
Despite coming off a very high base, The Foschini Group on Wednesday, 19 January, reported sales growth of 17.3% for the period 27 November to 31 December 2011. 19 Jan 2012
Real retail sales in SA dropped by 0.3% month-on-month (m/m) in November 2011 as consumers cut back on their earlier exuberant buying. In September real retail sales had surged by 1.5% m/m and jumped by 0.7% m/m in October. 19 Jan 2012
Clothing, footwear and textiles retailer Edcon on Tuesday, 17 January, announced the appointment of Mark Richard Bower as deputy chief executive and chief financial officer following the resignation of Stephen Robert Binnie. 19 Jan 2012
Shares in health and beauty retail and supply chain Clicks Group (CLS) were down almost 3% on the back of a less-than-stellar sales update. 18 Jan 2012
After posting an 11.4% increase in 26-week sales, shares in upmarket retailer Woolworths Holdings (WHL) advanced over 3% to R42.95, hitting an all-time high on Tuesday, 17 January. 18 Jan 2012
International retail professional Helmut Hoerz is joining Pick n Pay for a two-year assignment as head of merchandising, the retail giant announced today, 17 January. Hoerz will also sit on the Group Exco and report to CEO Nick Badminton. 17 Jan 2012
WASHINGTON, USA: US retail sales growth will slow to 3.4% this year, but still outpace the country's GDP growth, the National Retail Federation said on Monday, 16 January. 17 Jan 2012
Shoprite Holdings said on Monday, 16 January, that for the six months ended December 2011 it grew turnover by 13.2% to some R41.1 billion. 17 Jan 2012
Ending speculation, lingerie chain La Senza SA has confirmed that none of its local stores will face closure. 16 Jan 2012
Mr Price Group (MPC) has recorded sales growth of 15.9% for the third quarter (Q3 FY2012) over the comparable period in the prior year. 12 Jan 2012
Retail group Massmart Holdings (MSM) reported on Wednesday, 11 January, that the group's total sales for the 26 weeks to December 2011 had increased to R31.6 billion, representing growth of 15.2% over the prior 26-week period, with year-to-date inflation estimated at 1.1%. 12 Jan 2012
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