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Retailers News

There are a number of considerations which must be taken into account before deciding whether to invest in a brand. A simple analysis of financials will not necessarily help one make a wise decision, as the actual value of a brand is not something one can easily quantify. 3 Sep 2013
Nearly time to buy shares
Massmart's chief executive Grant Pattison has long cautioned against expecting short-term wonders from the SA retailer's acquisition by Walmart. The reality of his warning kicked in with a vengeance in June, sending Massmart's share price diving by a third. 2 Sep 2013
French retailer Auchan posts profit rise
PARIS, FRANCE: French retailer Auchan last week reported an almost 34% rise in first-half net profits, mainly flattered by one-off gains and continued growth in Asia and central and eastern Europe. 2 Sep 2013
New megastores from Alert Steel and Build
Alert Steel and Build have launched megastores in Pretoria, Polokwane, Lephalale and Brits. The launch of the upgraded stores forms part of the company's goal to be a one-stop shop for both consumer and commercial buyers in the northern part of South Africa. 30 Aug 2013
Carrefour reports return to profit, shares rise
PARIS, FRANCE: Retailer Carrefour, a global leader in the supermarket business, reported a recovery into profit in the first half on Thursday, 29 August, and the company's shares rose 3.71% to €23.63. 30 Aug 2013
Woolworths to open 18 new Country Road‚ Trenery stores
Woolworths will open 18 new Country Road and Trenery stores in South Africa over the next three years‚ the retailer said on 29 August 2013. 30 Aug 2013
Woolworths diluted HEPS up 28.1% to 333.8c
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
H&M to open first SA store in 2015
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
Retailers hit sweet spot in Africa
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
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
Edcon's first quarter retail sales up 3.2%
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
Mr Price 18-week total sales up 14% year-on-year
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
Massmart profits fall with consumers under pressure
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
Shoprite earnings rise 11% in 'challenging' year
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 chains to reveal the extent of SA's slowdown
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
Returned goods market grows as CPA gets stronger
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
Lewis Group's June revenue up 4.7% y/y
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
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