Boasting 60% of Africa's total of millionaires, South Africa is the only country on the continent with a developed luxury sector. This is according to global management consultancy firm, Bain & Company, which predicts that the local luxury goods market will grow between 20% and 30% over the next five years. 13 Sep 2013
LONDON, UK: Kingfisher, Europe's biggest home-improvements retailer, said on Wednesday (11 September) that group net profit surged by 70% during the first half of its financial year mainly thanks to an exceptional tax gain. 12 Sep 2013
The current constrained consumer demand environment and heightened competition for market share will persist in the new financial year‚ AVI warned on Monday. 11 Sep 2013
When Massmart left Zimbabwe in 2011 the retailer's chief executive, Grant Pattison, left no doubt about the reason. "Indigenisation law effectively says foreigners are not welcome in Zimbabwe," he told investors at a presentation. 9 Sep 2013
Over the next three years‚ The Foschini Group (TFG) plans to double its African footprint from its existing spread of 104 stores‚ CEO Doug Murray said at the group's annual general meeting on Monday, 2 September 2013. 3 Sep 2013
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
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
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
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
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 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
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
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