The Foschini Group (TFG) advised on Thursday, 28 March 2013, that it has entered into a repurchase programme to repurchase shares during its closed period. 2 Apr 2013
NEW YORK, USA: US retail giant Walmart said Tuesday, 26 March 2013, it expected to suffer financial losses amid an ongoing probe into corruption scandals involving foreign subsidiaries. 27 Mar 2013
As part of its expansion into Africa, Pick n Pay yesterday, 21 March 2013, said it had opened a store in Luanshya, Zambia. This is the group's sixth Zambian store and takes the total of outlets outside of SA to 95 across eight countries. 22 Mar 2013
Earlier this week, the Edcon group hosted local and regional supplier conference, attended by over 50 South African and regional clothing, footwear and home textile companies, with a keynote address being given by Abisha Tembo, chief director Department of Trade and Industry (dti). 22 Mar 2013
It is not only small retailers and less-than-scrupulous manufacturers who have been hit by scandal, as the global flood of revelations about adulterated food has raised legitimate questions about food safety and the integrity of what we eat. 20 Mar 2013
After a month of construction, the Roeland Street store of Digicape opened this week to offer its Apple customers a new retail environment with deals, mystery prizes, discounts and more on offer. 15 Mar 2013
Retail trade sales measured in constant (2012) prices increased 1.9% year-on-year (y/y) in January from a downwardly revised 2.2% (2.3%) y/y increase in December‚ figures from Statistics SA showed on Wednesday (13 March). 14 Mar 2013
Truworths International (TRU) has repurchased a further 13 524 763 of its own shares by way of open market transactions on the JSE since October 2008‚ it said today, 12 March 2013. 12 Mar 2013
Mind of a supermarket, soul of a deli. That is how Zyda Rylands, the MD of food at Woolworths, encapsulates the retailer's vision for its supermarkets. 11 Mar 2013
In its first stand-alone convenience store, opened last week in Lotus River, Western Cape, the Pick n Pay group has noted that trading has exceeded expectations. 28 Feb 2013
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
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