Edcon‚ the unlisted owner of clothing chains including Edgars and Jet‚ reported on Thursday, 21 February 2013, that for the third quarter of the 2013 financial year‚ ended 29 December 2012‚ total retail sales declined 0.4% to R8.36bn. 22 Feb 2013
Fashion retail group Truworths International on Wednesday (20 February) reported a 19% increase in diluted headline earnings per share to 324.8 cents for the six months to December. 21 Feb 2013
Shoprite Holdings (SHP) shares fell as much as 4% to a 14-day intraday low on Tuesday‚ 19 February 2013, triggered by disappointing half-year results‚ which in turn began a renewed selloff in the sector. Retail stocks have been volatile since last month on market concerns of slowing sales growth. 19 Feb 2013
Shoprite Holdings (SHP) has reported a 12.5% rise in headline earnings per share to 315.9 cents for the six months ended December 2012 from 280.8 cents a year ago. 19 Feb 2013
Retailer Pick n Pay (PIK) is to open a new generation store at the V&A Waterfront in Cape Town‚ it said on Tuesday, 19 February 2013. 19 Feb 2013
Woolworths (WHL) will entice new customers into its stores by introducing larger varieties of product categories and bulk value buys‚ meaning the battle for the trolley between the upmarket retailer and rival Pick n Pay (PIK) is about to get fiercer. 15 Feb 2013
Growth in retail trade sales slowed on a year-on-year basis in December last year‚ confirming the slowdown in household consumption expenditure according to economists. 14 Feb 2013
Spar Group said on Tuesday it experienced a challenging trading period for the 17 weeks ended 26 January 2013‚ with turnover at R15.8bn‚ growing 10.7% on a comparative basis against the prior year. 13 Feb 2013
Surprising on the upside‚ Holdsport‚ which runs the Sportsmans Warehouse and Outdoor Warehouse stores‚ on Monday said total sales increased by 11.2% for the five months ended January. The company's share price increased 3.53% to close at R44. 12 Feb 2013
Food retailer Spar (SPP) said on Tuesday, 12 February, that turnover grew by 10.7% to R15.8 billion in the 17 weeks ended 26 January 2013 compared with the same period a year ago. 12 Feb 2013
Edcon‚ the unlisted owner of clothing chains Edgars and Jet‚ said on Tuesday that it would issue euro- and dollar-bonds and buy back existing notes to repay debt maturing in 2014. 7 Feb 2013
Moody's Investors Service has assigned a provisional (P)B3 senior secured rating to the proposed issuance of senior secured notes due in 2018 by Edcon Holdings' main operating subsidiary‚ Edcon. 6 Feb 2013
Edcon‚ SA's largest non-food retailer‚ on Tuesday, 5 February 2013, offered duel currency notes of €325m at a 9.5% euro-denominated rate and a US dollar-denominated 9.5% rate. Each of the notes are due 2018. 6 Feb 2013
Retailer Edcon expects retail sales for the 13 weeks ended December to be between R8.300 billion and R8.375 billion‚ compared with R8.386 billion in the same period a year ago. The forecast retail sales represent a slight decrease primarily due to the trading performance from the discount division as well as the effect of new initiatives in the Edgars division. 5 Feb 2013
Retail stocks came under renewed heavy selling pressure on Wednesday‚ 30 January 2013, with some analysts pointing to Cashbuild's trading update as the main trigger behind the sell-off. 1 Feb 2013
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
Let's do Biz