Pick n Pay is "back"‚ the retailer's founder‚ Raymond Ackerman said today, 22 October 2013, at the group's interim results presentation in Cape Town. 22 Oct 2013
Privately owned and family-operated business Cape Union Mart Group will expand its footprint in SA, Namibia and Botswana, CEO Andre Labuschaigne said on Friday, 18 October 2013. 22 Oct 2013
A premium Pick n Pay will open at the Ipic Shopping Centre in Kenridge, Cape Town in early December 2013. It will offer a selection of fresh produce, butchery, deli lines, a dedicated bakery and an Italian section. As an added convenience, shoppers will be able to make third-party payments and purchase airtime at till points. 18 Oct 2013
Christmas period retail sales could grow by slightly more than 3% in real terms provided there is no resurgence in strike activity that disrupts both production and workers' earnings‚ Credit Guarantee Insurance Corporation senior economist Luke Doig said. 18 Oct 2013
This year's Best Retailer Overall at Sandton City's annual Tenant Excellence Awards was a tie, with Browns jeweller, Louis Vuitton and Nespresso winning the award jointly. Lorenzi won Best Customer Service Overall. 17 Oct 2013
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
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