Turnover at Pick n Pay's Zimbabwean joint venture TM Supermarkets grew by 5% during the quarter period to the end of June as the supermarket chain continues to boost its presence in the country by adding more outlets. 16 Aug 2013
NEW YORK CITY, USA: US retail behemoth Walmart on Thursday reported a 1.3 percent increase in quarterly earnings, but slashed its full-year financial outlook amid tight consumer spending in the United States and abroad. 16 Aug 2013
The range of Feiyue (Flying Forward) sneakers has gone mobile with its first display/retail 5-ton truck, offering a stylish peg-wall with wall-mounted items that can be quickly rearranged to fit new visual merchandising schemes, seasonal promotions and story-telling. 15 Aug 2013
Retail group Massmart‚ which is owned by US retailer Walmart‚ advised on Tuesday (13 August) that headline earnings for the 26 weeks ended 23 June are expected to be between R470.8m and R506.2m compared with R321.5m for the previous period - representing an increase of between 46.4% and 57.4%. 14 Aug 2013
Global fashion retailer Zara will open its fourth store in SA - in Walmer Park Shopping Centre in Port Elizabeth. 7 Aug 2013
Truworths has admitted that it crossed the line by stocking raunchy T-shirts with a picture of a scantily clad blonde and the line "Come play with me". 7 Aug 2013
In a bid to cut operating costs‚ SA's second-largest food retailer Pick n Pay has offered voluntary retrenchment packages to workers mainly at its head offices around the country. 7 Aug 2013
Finding creative ways to make your money go further means that shopping for unexpected events, little treats or once-in-a-while extravagances can be done guilt-free. This is achieved through intelligent shopping and clever budget management throughout the year and these sharp shopper tips can make one's Rands go further. 6 Aug 2013
La Lucia Mall, Durban, announced it has agreed leases valued at R125 million over the past six months, covering 7556sqm of retail space, comprising 1361sqm of new leases and 6175sqm of renewals. Leading JSE listed property company, Growthpoint Properties Limited owns the 36,300sqm regional shopping centre. 5 Aug 2013
The National Empowerment Fund (NEF) has defended its R34m loan to Ndalo Luxury Ventures, the owner of the luxury designer store Luminance which opened its doors in Hyde Park last week. 30 Jul 2013
On 25 July 2013, Massmart opened its second Builders Warehouse in Botswana, in Francistown. Situated in the Somerset West area, the new 5150m2 store design and layout is in line with the group's South African stores and natural lighting has been introduced into the store through translucent roof sheeting to help reduce energy consumption. The new store's design and layout is easy to navigate and helps define the store's merchandise areas. 29 Jul 2013
South Africa is by far the biggest consumer economy in Africa and international retailers wanting to expand into Africa are inclined to use the country as a launch pad into the rest of the continent‚ Accenture SA's managing director for retail and consumer services Adrian Bertschinger said on Wednesday, 24 July 2013. 25 Jul 2013
Following Shoprite and Massmart, which both indicated a slowdown in growth‚ shares in Truworths slid more than 7% on Monday (22 July) after the fashion retailer's earnings forecast fell short of market expectations. 24 Jul 2013
Woolworths Holdings reported its total sales increased by 23% for the full-year, almost double the 11.8% growth recorded in the previous fiscal year. 19 Jul 2013
Shares of SA's retailers slumped on Wednesday (17 July), taking their cue from a disappointing trading update from Shoprite Holdings, which underlined the extent of the consumer spending slowdown in Africa's biggest economy. 18 Jul 2013
Retail trade sales measured in constant (2012) prices increased by 6.2% year-on-year (y/y) in May from a revised 2.0% (1.9%) y/y increase in April‚ figures from Statistics SA showed on Wednesday, 17 July 2013. 18 Jul 2013
Retail group Shoprite reported on Tuesday (16 July) that total turnover for the 12 months to June had increased by 12.1% to about R92.7bn‚ compared with the corresponding 12 months last year. 16 Jul 2013
The fall in retail shares has been overdone and valuations are now more attractive. 5 Jul 2013
Bain will probably be a part of the business for many years to come... 5 Jul 2013
SA's quick-service restaurant groups are seeing an improvement in the UK market‚ where trading over the past few years has been difficult as rising labour costs and depressed consumer spending weighed on operations. 5 Jul 2013
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