After a stellar run over the past few years‚ appetite for South Africa's retail stocks cooled this year as profit growth slowed on strained consumer spending. 30 Dec 2013
Clothing retailers may face tougher conditions in 2014. Image: Sandton City
After a strong run over the past few years‚ the appetite for South Africa's retail stocks cooled this year as profit growth slowed on strained consumer spending. 30 Dec 2013
A row is brewing after a cashier at Marks & Spencer refused to handle pork or alcohol when serving a customer. Image: Marks & Spencer
LONDON, UK: British retailer Marks & Spencer faced criticism after it emerged that it allows Muslim staff to refuse to sell customers pork or alcohol. 24 Dec 2013
Shoppers must take steps to minimise their risks, as thieves and con artists come out in their numbers to relieve the unsuspecting and unaware of cash, cards and goods, during this week, as everyone rushes to finish last-minute purchases. 23 Dec 2013
Gift cards are high on consumer shopping lists and retailers are getting creative with their offerings, as they realise the value of the simple gift card. A tighter year-end budget and a lacklustre economy are key factors driving consumers to be pragmatic this festive season and into the new year. 18 Dec 2013
All South African Ackermans and Tile Africa stores, as well as those in the Ellerine Holdings group, will be closed for trade on Sunday, 15 December 2013. 13 Dec 2013
Broll Nigeria says that despite Woolworths canning its three-store pilot project in the country, citing a mismatch with the consumer and climate, this should not deter South African retailers from profiting in Nigeria. 13 Dec 2013
Clicks, Woolworths and Massmart stores will be closed for trading this Sunday, 15 December 2013, in honour of the funeral of Nelson Mandela. 11 Dec 2013
To spur investor interest‚ Africa's biggest grocer‚ Shoprite (SHP)‚ announced the appointment of New York-based financial services company‚ BNY Mellon‚ on Thursday‚ 5 December 2013, as the depository bank for its American Depositary Receipt (ADR) programme. 9 Dec 2013
Retailer Shoprite Holdings (SHP) has launched a sponsored American depository receipt (ADR) programme on the US over-the-counter market through Bank of New York Mellon‚ the company said on Thursday, 5 December 2013. 6 Dec 2013
Scotch & Soda, which has spread its brand from Amsterdam to 27 other countries, will now open in South Africa in January 2014 at Sandton City. 6 Dec 2013
Pick n Pay (PIK) has experienced modest growth in sales of traditional toys over the past year despite growth in the electronics and gaming market‚ the retailer said on Wednesday, 4 December 2013. 5 Dec 2013
Freshstop, the retail franchise network owned by Fruit and Veg City, last week opened its 150th forecourt store with petroleum company Caltex. 3 Dec 2013
Massmart launches a new and innovative format for the DIY market with its new format, Builders Superstore. The two new stores in Tembisa and Evaton, Gauteng created 58 jobs. The new format will service customers with homes situated in dense residential, township, rural and developing areas, and will be conveniently located near commuter nodes. 2 Dec 2013
With yesterday's opening of the Checkers Zevenwacht, located in the Shoprite Checkers' newly developed shopping centre, Langverwacht Plein, in Kuils River, the group celebrated reaching the 1000 mark in Africa. 29 Nov 2013
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
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