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Retailers News

Woolworths launches second edition of Design Resource Guide
Woolworths has released its second edition of its Design Resource Guide for high school design and visual arts teachers. It features case studies from some of the world's best design practices including local and international designers. 3 Oct 2012
Social grants paid by the state are helping retailers in township shopping centres weather tough economic conditions. 26 Sep 2012
NEW DELHI, INDIA: India gave the green light on Friday for foreign supermarket chains to enter the country as part of a blitz of economic reforms intended to spur growth and revitalise the government. 20 Sep 2012
Reflecting Pick n Pay's "strong business profile", including its leading market position in the domestic food retail industry and the diverse range of its product mix‚ ratings agency Fitch on Tuesday,18 September 2012, affirmed the retailer's national long-term rating at 'A(zaf)' and short-term rating at 'F1(zaf)'. 19 Sep 2012
NEW DELHI, INDIA: India's cabinet on Friday,14 September 2012, gave the green light for foreign supermarket giants such as Wal-Mart and Tesco to enter the country as part of a blitz of economic reforms, reports said. 17 Sep 2012
Suzaan Heyns opens in Melrose Arch
Suzaan Heyns has opened a flagship store, offering a unique blend of art, design and fashion, in the new Melrose Arch shopping district. The store is a testament to her artistic vision, supported by her ongoing partnership with PPC, which follows on from her "Reimagine Concrete" collection earlier this year. 14 Sep 2012
Fruit and Veg City Holdings on Monday, 10 September 2012, announced that it had acquired a stake in Diamonds Discount Liquors. 10 Sep 2012
The development and growth of SMEs is essential for the alleviation of the current unemployment crisis in South Africa, which is accepted worldwide as a concept. However, knowing that something is the right thing to do and actually doing it are two very different notions, especially in the corporate world. 10 Sep 2012
Upmarket retailer Woolworths yesterday said the majority of those affected by its decision to change employee contracts had opted to stay with the group, rejecting claims from trade unions that it planned to cut 177 jobs. 7 Sep 2012
At its AGM, held yesterday 3 September 2012, Doug Murray, group CEO of TFG (The Foschini Group) said that the group looked forward to a busy festive season, though mindful of the tougher consumer environment. Sales have increased by 13.2% year-on-year and the group is satisfied that the various trading divisions are currently performing well. Despite the consumer still being under pressure, the group has focused on its strategic objectives and this is bearing fruit. 4 Sep 2012
Fielli opens in Cape Town
Fielli, an importer and retailer of exclusive designer furniture, has opened its first shop in the Western Cape in Canal Walk Shopping Centre. Opened nine years ago in a 900m2 shop, it has grown into a leader in indoor and outdoor furniture design across 1600m2 of showroom space including Johannesburg, Pretoria, Durban and Port Elizabeth. 4 Sep 2012
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 gets top tier 1-Plus Engen site
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
Puma store opens in Braamfontein
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
Foschini stock tumbles as retailers take a hit
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 helps propel local Zim partner
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
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