On 1 November 2012, Absa and Edcon announced the implementation of their June 2012 agreement whereby Absa acquired the R8.8 billion of Edcon's private label store card portfolio. This increases Absa's customer base by approximately 2 million to 13 million customers. 5 Nov 2012
Online retailer kalahari.com has gone into partnership with Bargain Books, which will see the country's biggest discount book retailer selling the gobii eReader in its stores nationwide. In the announcement today, 1 November 2012, the companies say the move is set to expand access of eBooks to South Africans. 1 Nov 2012
Retailer Shoprite announced today, 29 October 2012, that its turnover for the first quarter of the 2013 financial year grew by 15.6% compared to the 10.8% increase in the same period in the last financial year. 29 Oct 2012
BP has announced that it will be investing millions of Rands over the next three years in its BP Express upgrade project. Already an innovator with the successful Wild Bean Café (WBC) brand, it will introduce Fresh at non-residential service stations and Pick n Pay Express in residential areas. 26 Oct 2012
Pick n Pay's (PIK) ambitious turnaround strategy‚ due for implementation in 2014‚ will take far longer to materialise‚ leaving room for its competitors to grab market share‚ analysts say‚ Business Day reports. 25 Oct 2012
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
