Food and clothing retailer Woolworths Holdings Limited (WHL) on Thursday, 29 August 2013, reported a 28.1% rise in diluted headline earnings per share (HEPS) to 333.8c for the 53 weeks ended June 30 2013‚ as turnover increased by 23.2% to R35.2bn. 29 Aug 2013
Joining a slew of foreign players hoping to tap into the continent's mushrooming middle class‚ Swedish cheap 'n chic fashion giant H&M will open its first store in SA‚ in 2015‚ the company officially announced on 29 August 2013. 29 Aug 2013
Woolworths' exposure to a high-income customer base has left the retailer in an enviable position. 27 Aug 2013
Africa's scope for investment is steadily increasing and demand for more formal retail options from shoppers is following suit. 26 Aug 2013
Malcolm Horne, CEO of Broll Property Group
In partnership with distributor CFAO, French retailer Carrefour is making its entrance into the African market and will open shops in eight African countries by 2015. 23 Aug 2013
Retailer Edcon said on Thursday (22 August) that retail sales increased 3.2% to R6.205bn in the first quarter of the current financial year. 23 Aug 2013
Retailer Mr Price said on Wednesday (21 August) that during the first 18 weeks - from March to August - of its financial year‚ it recorded total sales growth of 14% and comparable store sales growth of 9.1% over the corresponding period last year. 22 Aug 2013
Walmart-owned Massmart on Thursday (22 August) reported a 9.9% fall in first-half profits‚ as consumers in Africa's largest economy came under pressure. 22 Aug 2013
In what it described as a challenging year‚ Shoprite Holdings‚ reported an 11.3% increase in headline earnings per share for the year to June‚ to of 675c. 21 Aug 2013
Faced with the growing number of consumers who go into brick and mortar retailers, browse, price compare and then leave to buy online, retailers need to overcome this phenomenon and get back their business. 20 Aug 2013
In what is described as the first 'guilt free' cupcake store, Guilt & Ganache at Cavendish Square offers its customers the opportunity to confess their guilt, place it on an edible tile and then add a complimentary cupcake, which they may then consume. 20 Aug 2013
Retail bellwethers Shoprite and Massmart will release their financial results this week, when the extent of SA's consumer spending slowdown is likely to be revealed. 20 Aug 2013
The number of consumers returning their unwanted goods is growing, as they benefit from the Consumer Protection Act (CPA). According to Paul Greenberg, chairman of Going.co.za, this could amount to tens of millions of Rands of stock during the festive season. 19 Aug 2013
The Lewis Group says trading for the quarter ended June had remained challenging‚ with continued uncertainty in the labour market and rising unemployment, fuelling a cautious outlook among consumers in the group's target market. 19 Aug 2013
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
Let's do Biz