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Retailers News

First North Face concept store opens in Cape Town
Slam Industries will relaunch the brand, North Face, opening a concept store in Canal Walk, Cape Town on 1 April 2014. This will be followed with a store opening in Menlyn, Pretoria on 1 May 2014. 18 Mar 2014
Inflation pass-through still to come for retail
With little relief on the horizon to buoy spending‚ the consumer confidence outlook for the remainder of the year is anything but optimistic. 12 Mar 2014
Shoprite expansion plans signal promising growth
With Africa for the taking‚ retail chain Shoprite Holdings shows a promising growth outlook for the next three years‚ despite not meeting its first-half earnings forecasts‚ global consulting firm Frost & Sullivan said on Monday, 10 March 2014. 11 Mar 2014
Massmart expects better times ahead
Massmart's results have "disappointed" in recent years, concedes the retailer's CE, Grant Pattison But this is about to change, he says. "It is now all about profit delivery." 10 Mar 2014
Decade of service from Clicks Pharmacy
The first Clicks Pharmacy opened in Glengariff Street, Sea Point in 2004 and since then it has expanded its footprint to over 330 pharmacies across the country. 10 Mar 2014
SA vs Botswana: The Woolworths price difference
As the rand weakens and the pula strengthens, so consumers in Botswana find the gap in the cost of goods between South Africa and Botswana in Woolworths grows and not in their favour. 5 Mar 2014
Food Lover's Market partners with Waitrose
From 3 March 2014, Food Lover's Market will be stocking a diverse range of Waitrose products in 120 of its stores, following the announcement of its partnership with the UK retail giant. This coincides with Fruit & Veg City's 21st birthday. 28 Feb 2014
Massmart 2013 sales rise 9.8%; all divisions perform
Retailer Massmart on Thursday, 27 February 2014, reported total sales had increased by 9.8% for the 53 weeks ended 29 December‚ over the previous year's 52-week period. 27 Feb 2014
Amsterdam-based fashion brand, Scotch & Soda is the latest global store to launch into Africa via Sandton City. 26 Feb 2014
JD Group's figures show the company is in need of urgent recapitalisation according to analysts. Image: David Castillo Dominici
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 to begin retrenching at Edgars from May
Edcon will start retrench staff at its core Edgars chain in May‚ in a bid to reduce operating costs. 19 Feb 2014
Five local retailer operations in Deloitte global 'Top 250 retailers' list
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 to expand Country Road stores in SA
Woolworths Holdings (WHL) plans to open up to 18 Country Road and Trenery stores in SA over the next three years. 17 Feb 2014
SA December retail trade sales up 3.5% y/y
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 health retailer GNC enters exclusive deal with Clicks
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
Edcon names new CFO
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 appoints new MD
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
US drugstore giant CVS to remove cigarettes from store shelves
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
Lewis slumps to five-month low on poor trading update
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 to open first store in Africa
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
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