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Retailers News

Meaning essential to entrepreneurial success
Having successfully celebrated 20 years in business in an industry where the average boutique-clothing store stays in business for two to three years, there are methods to overcome the entrepreneurial challenges of one's own business. 9 Oct 2013
Safe-haven investments do not come much safer than food producers. This has made big-name players such as AVI and Tiger Brands market favourites and driven up the JSE food producers sector rating to a level last seen 19 years ago. 4 Oct 2013
GCR accords Lewis a first-time rating of A
Global Credit Ratings (GCR) has given furniture retailer Lewis a first-time A rating. 4 Oct 2013
SA needs new economic doctrine‚ says Susman
South Africa needs a fresh economic philosophy to ignite its true growth potential‚ Woolworths chairman Simon Susman says in the retailer's annual report‚ released on Wednesday, 2 October. 3 Oct 2013
Image courtesy of
Image courtesy of FreeDigitalPhotos.net
Consumers are forced to tighten their belts with the increasing living expenses as they have less money for discretionary spending. This has a large impact on restaurants, retail and entertainment businesses but rewarding loyalty and adding value can pay off. 25 Sep 2013
Pick n Pay jumps 8.1%
Shares in Pick n Pay (PIK) stores jumped 8.1% to R45 on Friday with nearly R118m worth of shares trading‚ and Pick n Pay Holdings (PWK) jumped 5.05% to R19.75 with R5m worth of shares traded. 23 Sep 2013
Image courtesy of dream designs /
Image courtesy of dream designs / FreeDigitalPhotos.net
The African continent is becoming a modern-day mecca for consumer industries in search of higher yield, and an increased demand for more modern retail formats and shopping centres is the result. 23 Sep 2013
SA July retail trade sales up 2.8%
Retail trade sales measured in constant (2012) prices increased by 2.8% year-on-year (y/y) in July from a revised 1.4% (1.9%) y/y increase in June‚ figures from Statistics SA released on Wednesday, 18 September 2013, showed. 19 Sep 2013
Mozambique seeks to curb boozing
MAPUTO, MOZAMBIQUE: In laid-back Mozambique with its endless white beaches and bustling markets, alcohol is freely available but a proposed law seeks to end the country's liberal drinking culture. 17 Sep 2013
Mother City high-end retailers positioned for growth
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
Home-improvements chain Kingfisher says profits soar
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
Zimbabwe: retailers still going in gingerly
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
Foschini Group plans to double African footprint over three years
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
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
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