Pick n Pay Stores today, 1 February 2013, announced that following the announcement of its new CEO in October last year‚ CEO Richard Brasher had started his role at Pick n Pay slightly early - on 23 January. 1 Feb 2013
Investment company Brait (BAT) still has confidence in its retail investments even as investors become more pessimistic about the sector's prospects. 30 Jan 2013
The Mall of the North in Polokwane improved its December sales by 16% over 2011, with the sale of its gift cards climbing strongly this festive season. 30 Jan 2013
Lewis Group on Monday, 28 January 2013, said trading conditions for the quarter ended 31 December 2012 had proved challenging following labour instability in the mining and transport sectors‚ which affected both sales and collections. 29 Jan 2013
The new owners of "Reggies" toy stores‚ Christian Larsen and Mohsin Mia‚ have gone on record confirming that Reggies toy stores have ended their relationship with the Jewish National Fund (JNF)‚ an Israeli parastatal allegedly directly involved in Israeli human rights abuses against the Palestinian people. 25 Jan 2013
Shares in retailers Truworths International and The Foschini Group ended higher on Friday, 18 January 2013, after the groups released satisfactory sales updates, and following disappointing updates from other retailers earlier last week. 21 Jan 2013
Clothing retailer The Foschini Group (TFG) said on Friday, 18 January 2013, group sales for the nine months to December increased by 11.4% from a year earlier‚ with same store sales growth of 5.6%. 21 Jan 2013
Retail sales rose faster than expected in November‚ official figures showed on Wednesday‚ but the news did little to dispel the prevailing view that the sector's outlook for this year is subdued. 18 Jan 2013
Shares in Mr Price (MPC) fell late on Thursday, 17 January 2013, after the retailer reported that sales grew 10% during the third quarter of the financial year ending 30 March compared to the same period in the previous year‚ while comparable store sales increased by 4.4%. 18 Jan 2013
Pick n Pay has named Paul Marsh as divisional manager‚ groceries and perishables retail in the merchandise division. 17 Jan 2013
Woolworths Holdings said on Wednesday, 16 January 2013, that its group sales for the first 26 weeks of the June 2013 financial year increased by 18.0% over the comparable period in 2012. Sales in comparable stores grew by 9.4%. 16 Jan 2013
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
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