LONDON, UK: Britain's biggest retailer Tesco announced on Monday, 18 June 2012, that it had finally struck a deal to exit its Japanese business. 18 Jun 2012
Retailers are bracing themselves for a lacklustre second half of the year as consumers continue to feel pressure. 18 Jun 2012
Pick n Pay (PIK) is operating in a time of tightened consumer spending‚ increased competition in the retail sector‚ and increased food inflation and utility costs‚ its chairman Gareth Ackerman said on Friday, 15 June 2012. 18 Jun 2012
Clicks Group (CLS) on Wednesday, 13 June 2012, advised that Michael Harvey‚ an executive director of the group and managing director of Clicks‚ has resigned with immediate effect. 13 Jun 2012
Despite growing concerns over Zimbabwe's continuing 51% indigenisation programme that has ruffled the feathers of foreign investors, South African retail giant Pick n Pay is expanding in Zimbabwe, with plans to open a new supermarket in Harare at the end of the month. 12 Jun 2012
Clothing retailers have beat market expectations in the past year, improving performances and margins through supply chain efficiency, but how sustainable is this growth as consumers come under increased pressure? 8 Jun 2012
South African retailer Edcon‚ which delisted from the JSE in 2007‚ on Wednesday, 6 June 2012, reported a 9.0% rise in revenue to R27.3bn for the year to 31 March‚ as consumer demand remained resilient and the positive impact of various strategic initiatives gained momentum. 7 Jun 2012
One of South Africa's most internationally sought after jewellers, Uwe Koetter, has opened a new showroom and workshop in the Cape Quarter Lifestyle Village in Somerset Road, Green Point. Now open for business, it will have a series of launch celebrations during July 2012. 7 Jun 2012
Yesterday, 6 June 2012, Absa and Edcon entered into a long term, strategic relationship, with Absa acquiring the accounts and receivables relating to the private label store cards of Edcon in South Africa, including Edgars, Jet and Boardmans brands. An extension of the agreement is that Absa will provide retail credit to the group's customers. 7 Jun 2012
Local retailers' expansion into underserviced areas such as townships may have led to the collapse of what was once the biggest wholesale business in Africa, Metcash Trading Africa, which after 44 years is no more. 6 Jun 2012
Rural consumers paid more than their urban counterparts for the same food basket last month, according to the Food Price Monitor compiled by the National Agriculture Marketing Council. 30 May 2012
Fashion retailer Foschini Group (TFG) on Tuesday, 29 May 2012, reported a 23.6% increase in diluted headline earnings per share from 619.9 cents to 766.1 cents for the year ended March. 30 May 2012
The pain of "growing too fast" continued to weigh on Verimark in the year ending February, CEO Mike van Straaten said yesterday, 28 May 2012, as the company posted a revenue fall of about 2% in the period. 29 May 2012
The Timberland women's range, usually sold in conjunction with the main men's range, is now opening a women's footwear and accessories store independent from its male range counterpart in Hyde Park Corner on Friday 25 May 2012. 24 May 2012
South Africa will compete for retail investment with countries other than China, Brazil, Russia and India, its partners in the BRICS grouping, as consumer spending doubles in the next decade, according to research by AT Kearney, the management consultancy. 23 May 2012
Holdsport (HSP) has reported a strong set of maiden results for the year ended February 2012 with core headline earnings per share rising 22.5% to 387.4 cents. 18 May 2012
Following the success of its inaugural Cheese Makers Challenge, Woolworths will run the competition again this year. 16 May 2012
Spar Group's half-year results are solid rather than spectacular, the company's CEO Wayne Hook said on Wednesday, 9 May 2012. 10 May 2012
Retailer Spar Group on Wednesday, 9 May 2012, reported diluted headline earnings per share of 283.6 cents for the six months ended March 2012 compared with 262.1 cents a year ago. HEPS were up 9.1% to 305.4 cents. 9 May 2012
Following customers' requests for high-end men's clothing, Delbro Premium has opened up in Port Elizabeth's Westbourne Road. Delbro was founded in North End as a gentleman's clothing store in 1946, by Hashik Dullabh's late grandfather, Thakor Dullabh. 9 May 2012
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