Negative sentiment emanating from disappointing sales updates saw shares of South African retailers come under pressure for a second day on Tuesday‚ with the JSE's general retailers index ending 3.79% lower. 16 Jan 2013
Shares in Shoprite Holdings had their biggest one day drop in more than six years‚ plunging close to 6% on Monday, 14 January 2013, after an operational update from Africa's biggest grocer fell short of market expectations. 15 Jan 2013
Retailer Mr Price was trading more than 5% lower at noon on Tuesday, 15 January 2013, and clothing company Foschini gave back more than 4%‚ due to negative retail sector sentiment after retailer Shoprite released a weaker than expected trading update on Monday. 15 Jan 2013
The Shoprite group yesterday, 14 January 2013, announced a turnover growth of 13.8% to R46.7 billion for the six months to December 2012. Growth on a like-for-like basis was 6.9%. The company's financial results for the six months will be published on Tuesday, 19 February. 15 Jan 2013
A sales update from Massmart Holdings‚ whose portfolio includes the Game‚ Dion Wired and Builders Warehouse chains failed to impress analysts on Thursday‚ with the group saying sales for the 26 weeks to December 23 increased to R36.1bn‚ representing growth of 14.6% over the prior period. 11 Jan 2013
Massmart's total group sales for the 26 weeks ended 23 December 2012 increased to R36.1 billion‚ representing growth of 14.6% over the prior 26-week period‚ with year-to-date sales inflation estimated at 3.7%. Comparable store sales increased by 7.3%‚ the company said on Thursday, 10 January 2013. 10 Jan 2013
Edcon on Thursday announced the appointment of David Brown‚ Thabo Felix Mosololi and Louis von Zeuner as new independent non-executive board members to the main board as well as the audit and risk committees‚ effective 1 January. 4 Jan 2013
Capitalising on the worldwide success of online flash sales, Elmien Smit and Karl Hammerschmidt founded an online fashion site, Runway[Sale] in May 2012. 27 Dec 2012
Nashua Mobile has opened a new Bluff Concept Store with the aim of providing customers with the following: 24 Dec 2012
Pick n Pay on Thursday, 13 December 2012, officially opened its second branded store in Zimbabwe as the company intensifies its African expansion and footprint following the recent opening of another branded outlet in Kitwe‚ Zambia. 14 Dec 2012
Pick n Pay on Thursday, 6 December 2012, announced the opening of its third Mauritian store in Mont Choisy in the Grand Baie region on the north of the island‚ further expanding the retailer's African footprint. 7 Dec 2012
JD group subsidiary Steinbuild on Tuesday, 4 December 2012, made an offer to acquire Hardware Warehouse for R1.14 per share, sending Hardware Warehouse's share price up 5.15% to R1.02. 6 Dec 2012
LONDON, UK: Billionaire British entrepreneur Philip Green is set to sell up to 25% of his high-street fashion brands Topman and Topshop to US investors, Britain's press reported on Tuesday, 4 December 2012. 5 Dec 2012
Grocery retailer Pick n Pay opened its fifth Zambian store in Kitwe on Thursday, 29 November 2012. 4 Dec 2012
Toy and baby retailer Redgwoods (Pty) Limited, owners of Toys R Us and Reggie's stores, has been sold to Durban-based businessmen Christian Larsen and Mohsin Mia. The company was sold as a going concern by Maurice Sacher and Issy Zimmerman who each owned 50% of the business. 4 Dec 2012
Kingsley Heath, described as a modern day supply store that captures the spirit of adventure and the luxury of growing up in Africa, has opened a new store in the Gateway Theatre of Shopping in Durban. 3 Dec 2012
Adding to the festive season retail predictions, the South African Council of Shopping Centres (SACSC) forecasts that, while retail trade sales growth will comfortably outpace inflation in December 2012, it is unlikely to reach the extraordinary peaks of last year's festive shopping month. 30 Nov 2012
Following the launch of its flagship store in Canal Walk, Fielli, importer and retailer of designer home décor, has announced that it will be opening its new exclusive Springfield Outdoors Showroom to Durban shoppers today, Friday 30 November at 2pm. 30 Nov 2012
Edcon‚ the unlisted owner of clothing chains Edgars and Jet‚ on Tuesday said retail sales increased marginally by 2.4% to R5.5bn in the second quarter of financial year 2013‚ as it continued to trudge along and step up efficiencies in order to arrest market share declines to rivals. 28 Nov 2012
Retailer Edcon posted a loss of R1.012 billion from continuing operations in the 26 weeks ended September 2012‚ from a R1.546 billion loss a year ago. Total revenue in the period increased to R12.062 billion‚ from R11.772 billion a year earlier. 27 Nov 2012
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