Edgars Active has just opened two more stores in Sterkspruit and Makhado, which marks the 99th and 100th store opening since August 2011. In celebration of this growth, the chain has announced its 'Be Unstoppable' campaign, which kicks off with a promotion that introduces the Unstoppable ambassadors. 25 Oct 2012
South African food‚ general merchandise and clothing retailer Pick n Pay (PIK) on Wednesday, 24 October, reported a 12.9% drop in diluted headline earnings per share to 35.34 cents for the six months ended August from the 40.59 cents reported in the previous corresponding period last year. 24 Oct 2012
Consumer goods distributor Massmart Holdings (MSM) on Monday, 22 October 2012, said that for the 14 weeks to 30 September‚ total stores' sales increased by 16.6% and comparable stores' sales increased by 7.8%‚ continuing the trends experienced at the close of the last financial period. 23 Oct 2012
Now in its fifth year, The Times Sowetan Retail Awards have selected South Africa's top retailers from extensive consumer research generated by TNS over a 12-month period. The results reveal where South Africans have chosen to buy their everyday and luxury items with a significant shift towards purchasing from wholesale retailers. 22 Oct 2012
The recent announcement by Pick n Pay that Richard Brasher, former Tesco CEO, is to take over in February next year is an interesting show of faith in his ability to reinvent himself. This is not an attempt to criticise or applaud the appointment, but it warrants comment when a CEO, who has exited his position with a bit of a whimper rather than a bang after only one year at the helm, moves halfway around the world to head up an operation in a very different social and economic landscape. 22 Oct 2012
Even though customers bought more small luxury items such as beauty products and vitamins from the Clicks Group this year‚ consumers remained under pressure and continued to seek value‚ CE David Kneale said on Thursday, 18 October 2012. 19 Oct 2012
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
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 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
Let's do Biz