Grant Pattison has decided to step down as CEO of Massmart, effective 1 June 2014, the Group announced today, 11 April 2014. Guy Hayward, currently chief operating officer, has been named as his successor. The appointment is in line with the Group's succession plan, enabling a smooth leadership transition. 11 Apr 2014
In a deal that will make it one of the 10 largest department store operators in the world‚ Cape Town-based Woolworths (WHL) is set to buy Australian department store chain David Jones for R21.4bn (A$2.1bn). 10 Apr 2014
Shares of high-end retail group Woolworths (WHL) fell to a three-week low on Wednesday, 9 April 2014, as investors considered its proposed acquisition of Australian-based department store David Jones‚ valued at about R21bn‚ as "too expensive". 10 Apr 2014
Cape Town-based Woolworths is to acquire Australia's second-largest department store chain‚ David Jones‚ for A$2.1bn (R21.4bn). 10 Apr 2014
One of the largest global speciality health and wellness retailers, General Nutrition Centre (GNC), has opened its first concept store in South Africa in the new extension of Cresta Shopping Centre in Randburg. 4 Apr 2014
This week Woolworths celebrates the opening of two iconic Australian brands, Witchery and Mimco. 28 Mar 2014
NEW YORK CITY, US / KFAR SABA, ISRAEL: How you can manage costs better in retail stores: Six factors that contribute to energy waste and are raising your costs. 24 Mar 2014
MADRID, SPAIN: Spanish textile titan Inditex, owner of global fashion brand Zara, reported Wednesday, 19 March 2014, slower profit growth in 2013 as it poured money into new stores, with up to 500 more to open this year. 20 Mar 2014
Retailers‚ take heed: South African consumers want it all - convenient physical store locations‚ websites that enable them to find and purchase products‚ and easy-to-use mobile websites or apps. 20 Mar 2014
Diversified retailer Steinhoff (SHF) on Tuesday, 18 March 2014, announced plans to increase its stake in its subsidiary JD Group to 98% from 56.8% to help the furniture retailer overcome operational challenges facing its business. 19 Mar 2014
Rakuten needs to withdraw all ivory products from its websites claims the EIA. Image: World Wild Life
LONDON, UK: Japanese e-commerce retailer Rakuten is the world's largest online marketplace for elephant ivory and whale meat products, an environmental campaign group said. It said that running the advertisements for these products was akin to arming poachers. 19 Mar 2014
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
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
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'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
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
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
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
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
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