JD Group's figures show the company is in need of urgent recapitalisation according to analysts. Image: David Castillo Dominici Free Digital Photos
The extent of JD Group's financial woes was revealed last week when SA's biggest listed furniture retailer reported a loss for the first six months of the year. 24 Feb 2014
Edcon will start retrench staff at its core Edgars chain in May‚ in a bid to reduce operating costs. 19 Feb 2014
Despite the economic woes, five local retailer operations have made it into the global 'Top 250 retailers' list in the Deloitte 2014 Global Powers of Retailing report, which has just been released. These are Shoprite, Steinhoff International Holdings, Pick n Pay, The Spar Group and Woolworths. 18 Feb 2014
Woolworths Holdings (WHL) plans to open up to 18 Country Road and Trenery stores in SA over the next three years. 17 Feb 2014
Retail trade sales measured in constant (2012) prices rose by a more than expected 3.5% year-on-year (y/y) in December from a revised 4.4% (4.2%) y/y increase in November‚ figures from Statistics SA showed on Wednesday (12 February). 13 Feb 2014
Global specialty health and wellness retailer‚ US-based General Nutrition Corporation (GNC)‚ is to launch in SA later this month through an exclusive franchise agreement with the Clicks Group. 13 Feb 2014
Unlisted retailer Edcon Limited has appointed Toon Clerckx as chief financial officer and a member of the Edcon Holdings and Edcon Limited boards effective 17 February 2014. 11 Feb 2014
Woolworths has announced the appointment of Christo Claassen as MD elect of its Clothing and GM business. Claassen will take over from Brett Kaplan, who is retiring from the business after a successful 37-year tenure. 10 Feb 2014
WASHINGTON, US US retail drug store giant CVS Caremark announced Wednesday that it will stop selling cigarettes, a move immediately applauded by President Barack Obama as having a "profoundly positive impact on the health of our country." 6 Feb 2014
Shares of furniture and electronic goods retailer Lewis (LEW) tumbled to a five-month intraday low on Friday, 31 January 2014, as investors punished the company for a disappointing trading performance in the December period. 3 Feb 2014
US fashion brand Forever 21 is to open its first store on the African continent in Hyprop Investments' Canal Walk Shopping Centre in Cape Town. 3 Feb 2014
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
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