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Retailers News

Shoppers still flock to V&A
The second quarter trading figures reflect double-digit growth at Cape Town's V&A Waterfront, despite stormy economic times. 28 Jul 2014
Woolworths takeover bid for Country Road now unconditional
Woolworths (WHL) said on Friday, 25 July 2014, its takeover bid for the remaining shares of its Australian retail subsidiary‚ Country Road‚ has been made unconditional after it received the go-ahead from Australian authorities. 25 Jul 2014
Five tips on HR management for retailers
In a highly distributed business environment, consisting of headquarters, distribution centres and stores, retailers face a unique blend of challenges when it comes to personnel turnover and seasonal fluctuations. 25 Jul 2014
Woolworths to target growing market share
Woolworths (WHL) is in the big leagues of department stores. Bagging Australia's David Jones has made it one of the top 10 global department store operators in the southern hemisphere - 1‚151 stores across 16 countries. An expanse greater than that of northern hemisphere counterparts Macy's‚ Nordstrom or even Bloomingdale's. 22 Jul 2014
First legal step in R699 car scheme
The Port Elizabeth High Court agreed yesterday to hear a case on Tuesday that will be the first step in a massive class action on behalf of consumers left out of pocket by the alleged R699 car scam. 18 Jul 2014
Businesses have to adapt to survive constantly changing retail landscape
Businesses have to adapt to survive a constantly changing landscape. Certainly, in the mall marketing industry, budgets have shrunk but client's demands are higher than ever. 17 Jul 2014
SA May retail trade sales up 2.4% y/y vs April 2.1% y/y
Retail trade sales measured in constant (2012) prices increased by a much better than expected 2.4% year on year (y/y) in May after increasing a revised 2.1% (1.8%) y/y in April‚ Statistics SA figures showed yesterday. 17 Jul 2014
Independents are fuelling Africa
Independent petrol retailers are making impressive gains across Africa, presenting a challenge to franchise operators for oil giants that have monopolised the continent's markets for decades. 14 Jul 2014
Market likes Ellerine move
Means retailers may face competition hurdles; private equity funders could wade in. 14 Jul 2014
Kamers Chic Fusion - Razaan Jakoet
Kamers Chic Fusion - Razaan Jakoet
Emerging craft producers have earned R590,000 by trading at two prominent Cape Town venues - the Castle of Good Hope and the Red Shed at the V&A. 9 Jul 2014
Junk Mail tightens up pet adverts - calls on industry to join drive
Junk Mail Classifieds has designed a pet advertising policy that is being tabled to the broader online classifieds as a best practice. Key take outs of the advertising policy, which will be tabled in mid-July, include an outright ban on advertising of breeds associated with dog fighting; all giveaway dogs and puppies ('free to good home' pets); exotic reptiles such as venomous snakes, exotic mammals, primates, specified birds and arachnids. 3 Jul 2014
Consumer stress starting to show in the numbers
Last week's Reserve Bank Quarterly Bulletin presented a particularly bleak outlook for retailers over the next few quarters. 26 Jun 2014
Woolworths to acquire remaining shares in Country Road
Retailer Woolworths (WHL) on Tuesday, 24 June 2014, announced its intention to take over Country Road‚ a company listed on the Australian Securities Exchange. 24 Jun 2014
Woolworths delays David Jones vote
Woolworths' (WHL) bid to become one of the southern hemisphere's largest retailers by buying Australian department store chain David Jones was dealt a blow on Thursday, 19 June 2014, when a shareholder vote to approve the deal was delayed by two weeks due to the emergence of billionaire investor Solomon Lew as one of the company's major shareholders. 23 Jun 2014
Woolies shareholders approve proposed David Jones acquisition
Woolworths (WHL) shareholders have approved the proposed acquisition of David Jones‚ the Australian department store retailer. 17 Jun 2014
OK Zimbabwe to refurbish stores
Zimbabwe Stock Exchange-listed retailer OK Zimbabwe is set to invest $16m in its operations and refurbish several existing stores nationwide due to increased competition. 12 Jun 2014
Woolworths deal may be in Australian magnate's line of fire
Solomon Lew continues to be a noose around Woolworths' neck: it emerged last week that the Australian retail magnate had bought a small stake in department chain David Jones‚ just weeks ahead of a shareholders' vote that could thwart South Africa's biggest retail deal. 9 Jun 2014
Furniture retail stalked by uncertainty
Retailers are facing tough times but the furniture sector is having the toughest time of all. "Furniture is an unmitigated disaster," says Absa Asset Management analyst Chris Gilmour. 9 Jun 2014
Game may have to halt food sales
Massmart's (MSM's) intention to grow its food offering at Game stores has been dealt another blow by exclusivity clauses that protect incumbent grocers in malls from competition. 9 Jun 2014
Shareholder questions family control of Pick n Pay
The value of retaining the Ackerman family's "artificial" control of Pick n Pay was again questioned at the supermarket giant's annual general meeting on Monday, 2 July 2014. 5 Jun 2014
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