Retail trade sales rose more than expected in August‚ with economists warning‚ however‚ that there were still challenges to consumption expenditure that could see retail sales come under pressure. 17 Oct 2013
Retail trade sales measured in constant (2012) prices increased by 3.0% year on year (y/y) in August from a revised 2.9% (2.8%) y/y increase in July‚ figures from Statistics SA showed on Wednesday, 16 October 2013. 16 Oct 2013
Job cuts are looming for South Africa's middle and senior managers‚ analysts said on Monday‚ 14 October 2013, as food giant Pioneer Foods (PFG) announced that more than 1‚200 of its best-paid staff were being axed or moved to lower-paid jobs. 15 Oct 2013
Retailer Holdsport reported core headline earnings per share (HEPS) of 163.1c for the six months to August from 157.1c a year ago - an increase of 3.8%. 14 Oct 2013
The Foschini Group (TFG) said on Thursday, 10 October 2013, it had purchased an additional 6.755-million ordinary shares‚ representing 3.0% of its shares‚ at a cost of R634.3m‚ on the open market. 10 Oct 2013
Verimark Holdings has reported a narrower headline loss per share for the six months to August of 1.2c having lost 5.2c a share a year ago. No interim dividend was declared. 10 Oct 2013
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
Global Credit Ratings (GCR) has given furniture retailer Lewis a first-time A rating. 4 Oct 2013
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
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
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
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
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
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
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
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