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Retailers News

Two new SA stores for Colette by Colette Hayman
Australian brand, Colette by Colette Hayman, has expanded its operations in South Africa. At the end of May 2014, it opened in Clearwater Mall and in June, it will open in the Mall of Rosebank. These stores join the Canal Walk, Cape Town store, which opened in February and Woodlands Boulevard, which opened earlier in May 2014. 4 Jun 2014
Plus-size brand, City Chic opens in Pretoria
Launched in 2013 in Sandton City, City Chic, the Australian plus-size clothing brand, has opened its second store in Menlyn Park Shopping Centre, Pretoria. 2 Jun 2014
Foschini hikes credit criteria
Indebted consumers battling to repay loans and settle accounts have spurred Foschini Group (TFG) to be more stringent about extending credit. 30 May 2014
Forest Hill Shopping Centre adds Keedo store
The South African designer children's clothing brand, Keedo opens a new store in Pretoria this weekend at the Forest Hill Shopping Centre in Pretoria West. The store will be the second to feature the new look and is part of the company's growth programme. The first store to feature the new look was the Clearwater Mall store, which opened for business on 1 April 2014. 30 May 2014
Spar keeps costs‚ consumer woes at bay
Retailer Spar Group‚ which reported half-year results on Wednesday‚ 21 May 2014, said trading conditions remained tough‚ with pressure on consumer spending due to rising unemployment‚ now at 25.2%‚ increasing household debt and interest rates. 23 May 2014
Woolies gets go-ahead for David Jones deal from Reserve Bank
Woolworths on Friday, 16 May 2014, said it had received approval from the Reserve Bank for its R23.3bn acquisition of Australia's David Jones. 19 May 2014
Holdsport FY core HEPS up 1.9%
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Retailer Holdsport on Tuesday reported increased headline earnings per share (HEPS) of 1.9% to 423.3c for the year ended February. 8 May 2014
Massmart has stronger start than expected
Though commentators forecast a difficult South African consumer economy this year‚ retailer Massmart (MSM) said in its annual report on Tuesday that sales rose 11.4% for the 14 weeks to 6 April. 2 May 2014
Massmart 14-week sales up 11.4%
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Massmart (MSM) said on Tuesday, 29 April 2014, total sales for the 14 weeks to 6 April 2014 increased by 11.4% and comparable sales rose by 7.1%. 30 Apr 2014
Clicks Group's (CLS's) half-year results‚ which are due out this week‚ are likely to reflect the strain on the retailer's middle-income target market‚ which remains under pressure. 22 Apr 2014
Pick n Pay releases first set of results under new CEO
Pick n Pay (PIK) on Tuesday, 15 April 2014, reported a 7.7% increase in turnover to R63.1bn for the full-year driven in part by an accelerated programme of new-store growth and cost cutting. 15 Apr 2014
Massmart appoints new non-executive chairman
Kuseni Dlamini has been appointed as the independent, non-executive chairman of Massmart-Walmart board and takes over from Mark Lamberti with effect from 10 April 2014. Lamberti was recently appointed CEO of Imperial Holdings. 14 Apr 2014
New curator for V&A craft market
The Red Shed and Blue Shed at the V&A Waterfront gets a new space, a new name and a new curator, Trevyn McGowan. The R50 million renovation of the area will see the focus broaden to craft and design, and the name 'Watershed' reflect its place as a talent incubator, giving tenants exposure to the many local and international visitors the Waterfront welcomes on an annual basis. 14 Apr 2014
Massmart CEO Grant Pattison resigns
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
Woolies bid could create southern retail giant
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
Woolies falls to three-week low on Australian deal
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
Woolworths to buy Australia's David Jones
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
First specialised concept store for GNC in South Africa
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
Witchery, Mimco open in South Africa
This week Woolworths celebrates the opening of two iconic Australian brands, Witchery and Mimco. 28 Mar 2014
Retail: How to avoid energy wastage and manage costs
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
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