The R140-million retail upgrade at the V&A Waterfront begins trading, as the new premium Pick n Pay opens today, with an increase in trading area of 45% to 4300m2. The upgrade has been under construction for the past nine months and included the construction of an underground tunnel to create on-site parking. 28 Nov 2013
NEW YORK, USA: Global retail titan Wal-Mart Stores on Monday, 25 November 2013, named Doug McMillon, a company veteran who heads its international operations, to replace chief executive Mike Duke when Duke retires early next year. 27 Nov 2013
Jurgen Schreiber says Edcon has improved its sales and profitability. Image: Edcon
Non-listed retailer Edcon has reported an improved operational performance in the quarter ended September - the second quarter of its 2014 financial year - with retail sales up 5.9% to R6bn. 22 Nov 2013
Ratings agency Fitch Ratings has downgraded Pick n Pay's (PIK's) national long-term rating to A(zaf) from A+(zaf). The national short-term rating has been affirmed at F1(zaf). The outlook is stable. 19 Nov 2013
Walmart-owned Massmart Holdings reported an uptick in consumer activity at its stores for the 46 weeks ended November 2013. 15 Nov 2013
The new format Pick n Pay store at the V&A Waterfront will start trading at 10am on Thursday 28 November 2013. It will carry a fresh butchery, bakery, deli, fish and flower section and offer its clothing range. 14 Nov 2013
Spar says despite difficulties, it expects another solid performance in the coming year. Image: Wikivillage
The Spar Group said it had performed solidly with a particularly encouraging second half‚ despite the challenging trading environment. 14 Nov 2013
Retail trade sales measured in constant (2012) prices increased by a much weaker than expected 0.2% year on year (y/y) in September from a revised 3.2% (3.0%) y/y increase in August‚ figures from Statistics SA showed on Wednesday, 13 November 2013. 13 Nov 2013
Mr Price has seen sales and profits grow in the first six months of this year. Image: Woodland Boulevard
Retailer Mr Price Group reported a 22% rise in diluted headline earnings per share from 232.5c a share last year to 283.6c for the first six months of this year. 13 Nov 2013
Lewis says market conditions will remain tough for the rest of the year. Image: Lewis Group
Lewis Group has reported diluted headline earnings per share of 417.4c for the six months to September, marginally higher than the 414.9c for the same period last year. 12 Nov 2013
Moody's Investors Service has assigned a provisional (P)Caa2 rating to the proposed issuance of €400m senior notes‚ due in 2019‚ by retailer Edcon Holdings. 11 Nov 2013
Fashion retailing conglomerate Pepkor - which owns the sprawling Pep Stores and Ackermans chains - has changed to a less risky approach for its microlending business. 11 Nov 2013
Shares of South Africa's credit-heavy retailers‚ Truworths (TRU) and Foschini Group (TFG)‚ took a beating on Thursday, 7 November 2013, after reported figures pointed to slower sales growth and consumers' prevailing indebtedness. 8 Nov 2013
In its six-month report to end September 2013, retail group TFG (The Foschini Group) has increased retail sales by 9% to R6.7-billion with sales in the rest of Africa growing 25%, with cash sales growing by 12.7%. Its diluted headline earnings per share rose by 3.8% to 411.2 cents on a strong, sustained operating margin of 22.5%. An interim dividend of 243.0 cents a share has been declared. 8 Nov 2013
Woolworths will pull out of its three stores in Nigeria as high rental costs‚ duties and complex supply chain processes make trading in the West African country "highly challenging". 7 Nov 2013
Woolworths said on Tuesday, 5 November, that it had signed agreements to purchase its franchise businesses in Botswana‚ Namibia‚ Swaziland and Ghana. 6 Nov 2013
Mango's branch at Palms Mall shopping centre, Victoria Island. Image: Wiki Images
Given the challenges facing them‚ foreign retailers would not enter the African market in a significant way within the next 10 years‚ according to Boris Planer, chief economist at London's Planet Retail. 6 Nov 2013
Africa's growing middle class has expensive tastes and research by Bain & Company suggests that luxury goods sales will increase by 11% this year - demonstrating the continent's potential for upmarket goods. 5 Nov 2013
Canal Walk in Cape Town. Image: Wiki Images
South Africa is a nation of shoppers but it's failing to fuel sustainable growth in the country where more fixed investment and job creation are needed to foster real growth. 4 Nov 2013
Shoprite's turnover in Africa was up almost 30%. Image: Shoprite Holdings
Shoprite Holdings‚ Africa's biggest retail group‚ reported that its turnover had increased by 10.2% in the three months to September. 29 Oct 2013
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