Mr Price has reported an impressive 14.9% growth in sales for the 18 weeks to 4 August 2012‚ proof the fashion retailer has once again read the market right. 3 Sep 2012
Don't be afraid of Walmart‚ was the message Sir Terry Leahy‚ the former Tesco supermarket turnaround specialist‚ had for local companies threatened by the retail giant's entry onto their turf. Tesco‚ he said‚ managed to outperform Walmart after it entered the UK in the late nineties by not trying to copy it‚ but rather by developing its own broad‚ bold growth strategies and learning from competitors. 3 Sep 2012
Paarl Village 1-Plus has joined Engen's other top-tier sites in the Western Cape as it opened late last week. Featuring a Corner Bakery and multi-partner retail offering, starting off with Woolworths FoodStop and a mobile, point-of-sale convenience for fuel purchases, it is built on a smaller, end-of-life Engen site. 30 Aug 2012
Fully kitted with the new Retail 2.0 store design, the street-located Puma store opened in Braamfontein, Johannesburg on 25 August 2012. 29 Aug 2012
Retailers experienced their biggest one-day fall on the JSE in almost a year on Friday, on negative sentiment towards SA following the deadly labour dispute at Marikana, one of the country's biggest platinum mines. 23 Aug 2012
During the 2011/2012 fiscal, Tyger Valley Shopping Centre exceeded its sales target by 13.28%, despite a total refurbishment that cut its 19 exhibition spaces to five and tough economic conditions. 22 Aug 2012
Pick n Pay's first branded store in Zimbabwe is expected to boost the sales of its local partner‚ Meikles‚ which on Thursday reported a 15% rise in turnover for the June quarter. 21 Aug 2012
Retail shares came under selling pressure on Friday‚ with FTSE/JSE general retailers index falling to its lowest level in three weeks‚ giving credence to caution some analysts have made that the sector might be overheating given the strong run it has had in the last while relative to other areas of the stock market‚ such as resources. 17 Aug 2012
It was inevitable SA's vibrant clothing retail sector would eventually attract foreign players. And arriving they are, with big-name players Inditex (Spain) and Gap (US) having recently opened a smattering of stores in up-market SA malls. 17 Aug 2012
Australian retail mogul Solomon Lew has lashed out at Woolworths‚ accusing the South African company of using the planned acquisition by Country Road of fashion group Witchery to force him out of Country Road‚ legal letters revealed yesterday‚ Business Day reported. 15 Aug 2012
The spate of global retailers expanding into the South African market as a result of the strong profits achieved in the sector over the past decade adds further credence to value based asset manager RE:CM's view that share prices of local players are expensive and offer very little value for investors. 15 Aug 2012
Investors are questioning whether Pick n Pay has made a recovery in an environment where consumers face rising food and fuel costs, while new entrants in the retail space have raised concerns whether the company has halted market share decline. 14 Aug 2012
The UK's largest retailer, Tesco, may target SA's Pick n Pay if it emulates Wal-Mart and looks for growth in this country, an international retail expert has said. 13 Aug 2012
Massmart's (MSM) earnings update disappointed the market on Tuesday, 7 August 2012, with the shares falling as much as 4.8% when the retailer said integration costs continued to eat into earnings in the 52 weeks to 24 June. 8 Aug 2012
Retailers are anticipating a slow-growth year, in line with decreasing economic prospects in both the domestic and global economies, following the release of the real retail sales for the first quarter of 2012 showing only a 1% year-on-year. 8 Aug 2012
If you have tons of money there's no such thing as a recession. 7 Aug 2012
South African consumers will pay far more for food in coming months due to rising costs and the worst US drought since 1956. 6 Aug 2012
International retailers setting up shop in SA as a gateway to the rest of the continent are likely to take a measured expansion approach‚ as they gain knowledge and test the local market. 6 Aug 2012
Retail share valuations are way too high, value-focused fund managers have been warning for well over a year. Paying no heed, the market has continued its love affair with retail in July, with the general retailers and food retailers indices on the JSE hitting new highs. 3 Aug 2012
In a move that will give scale to its lacklustre Australian business‚ Woolworths on Wednesday said Country Road‚ its 88% owned subsidiary, will acquire 40-year old fashion retailer Witchery Group from Gresham Private Equity for A$172m (about R1.5bn). 2 Aug 2012
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