Amid constrained consumer spending‚ Clicks Group on Thursday, 30 January 2014, reported an 11.6% rise in sales to R7.7bn in the 21 weeks to 19 January‚ driven primarily by a strong performance of UPD‚ its wholesale pharmacy business. 31 Jan 2014
Swedish fashion brand, Björn Borg, will introduce its men and women's underwear and sock ranges into South Africa through Stuttafords stores in Sandton and Eastgate in Johannesburg, Gateway in Durban and Cavendish Square and Canal Walk in Cape Town, from February 2014. The swimwear range will follow. 31 Jan 2014
Retail shares have been hit by the increase in interest rates. Image: Idea-go Free Digital Photos
Retail shares fell further out of favour with investors‚ as market participants digested the bitter consequences of a higher interest rate on South African consumers already struggling to make ends meet. 31 Jan 2014
Southern African building materials retailer Cashbuild (CSB) reported revenue up 4% in the second quarter of the 2014 financial year‚ compared to the second quarter of the prior financial year‚ the company said in a trading update on Monday, 27 January 2014. 28 Jan 2014
Shoprite and Massmart lost R460m by shutting their doors for Nelson Mandela's funeral last month - a sacrifice all the more significant given grim retail sales figures for the festive season, which emerged last week. 20 Jan 2014
V&A Waterfront has released its 2013 retail results, continuing its 2013 double-digit retail trade sales growth, with a reported 20.6% increase in December. This marks 29 straight months of consistent growth since August 2011 and concludes 2013 with a 19.8% year-on-year growth. 17 Jan 2014
Retail sales rose much more than expected in November‚ although economists warn this is unlikely to be the start of an upward trend given moderating household consumption expenditure growth and sluggish economic growth. 16 Jan 2014
NEW DELHI, INDIA: Foreign supermarket giants faced being shut out of the Indian capital Tuesday after Delhi's new state government said it would not grant them a licence to operate. 14 Jan 2014
Tesco says its retail sales over the Christmas period were down compared with previous years. Image: Tesco
LONDON, UK: Tesco said that group sales dripped by 3.2% during the all-important Christmas trading period, dealing a fresh blow to Britain's biggest retailer. 10 Jan 2014
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
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