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Retailers News

New Polo flagship store offers new brands
The new Polo flagship store in Sandton City, opened at the end of last month, offers the new denim brand, Polo Jeans Co and its premium label, Polo Blue Label. 19 Oct 2012
JSE-listed health and beauty products retailer Clicks on Thursday, 18 October 2012, reported a 9.5% hike in its diluted headline earnings per share for the year ended August to 273.4 cents. 18 Oct 2012
The Holdsport Limited Group (HSP)‚ which comprises the retail divisions Sportsmans Warehouse and Outdoor Warehouse and Performance Brands‚ a wholesale business that includes the First Ascent and Capestorm brands‚ on Tuesday reported a 1.3% decline in core headline earnings per share to 157.1 cents for the half-year ended August. 11 Oct 2012
Richard Brasher, the newly appointed CEO of struggling grocer Pick n Pay, said Tuesday, 9 October, that he would ensure the company again becomes the most successful retailer in Southern Africa. 10 Oct 2012
Pick n Pay on Friday, 5 October 2012, said it expected headline earnings per share (HEPS) and diluted HEPS from total operations to decrease by between 10% and 20% for the 6 month period ended 31 August. 8 Oct 2012
New Sony mobile store opens at Vodaworld
Late last week, Sony Mobile Communications opened its new branded store at Vodaworld in Midrand, which offers consumers the opportunity of interactive displays with Xperia Smartphones and wide range of its products including TVs, tablets, headphones and Bluetooth wireless speakers. 8 Oct 2012
Despite the challenges of cheap imports from the East and China in particular and the growing costs of manufacture and labour, K-Way, a division of the Cape Union Mart Group, has succeeded in thriving in the outdoor clothing industry. 5 Oct 2012
Retailer Pick n Pay warned on Thursday that it was running low on some goods at its stores due to the truck drivers' strike. 4 Oct 2012
Retailer Pick n Pay (PIK) announced on Wednesday, 3 October 2012, it had appointed Richard Brasher‚ the former UK-based Tesco board member‚ as its new chief executive with effect from 1 February next year. 3 Oct 2012
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
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