Retail giant Pick n Pay is facing a R38-million lawsuit in Mauritius where it stands accused of dodgy business practices over a failed store in the north of the holiday island. 29 Sep 2014
Famous Brands (Fbr) and Total are testing a new forecourt grocer that analysts say could rival Engen's Woolworths offering. 19 Sep 2014
Retail Congress Africa is proud to present the prestigious Award for Innovation to the Okunoren Twins. This award is intended to celebrate retailers who are driving change and growth with inspirational vision and foresight. 17 Sep 2014
A limited-edition range of World Design Capital 2014 handmade designer items, retailing at R100 each, will be available at Pick n Pay's V&A Waterfront store from mid-September to the end of the year. These are not only beautiful and collectable but will help to grow skills and create jobs in impoverished communities. 12 Sep 2014
As predicted, consumer spending is in the doldrums this year. The performance of SA's grocers is proof of consumers' struggle to make ends meet as living costs increase, wage growth and job creation stalls, and debt continues to mount. 11 Sep 2014
The biggest challenge South Africa faces is to create SMMEs that meet the needs of the 21st century. Before the start of this century, discussions on SMMEs were rhetorical but currently, the subject is firmly on the national agenda because economic hardship is forcing individuals and the government to explore alternative sources of income or economic growth. Significantly, the SMME agenda is gaining prominence during a phase in which businesses are increasingly under pressure to adapt to the needs of 21st century consumers. 11 Sep 2014
JD Group (JDG)‚ a subsidiary of furniture manufacturer and retailer Steinhoff (SHF)‚ earlier this week said that it intended to sell its finance unit to an international consumer finance group‚ adding that the deal‚ which did not include its insurance operations‚ had yet to be finalised. 5 Sep 2014
The battle for market share is intensifying among SA's major retailers, with Pick n Pay the latest to fire a salvo through its price comparison promotion, Brand Match. 1 Sep 2014
G-Star Raw has opened its fifth South African store in East London and plans a sixth store in Durban. 1 Sep 2014
Massmart's Game continued to underperform, weighing on profitability, as sales of durable goods fell due to pressure on consumers. 29 Aug 2014
Retailer Massmart's (MSM) first-half headline earnings per share (HEPS) for the 26 weeks ended June was down 25.5% to 167.8c from 225.2c‚ the group announced on Thursday, 28 August 2014. 29 Aug 2014
Retailer Woolworths (WHL) on Thursday, 28 August 2014, reported that group sales for the 52 weeks to 29 June 2014 increased 14.4% and adjusted profit before tax rose 20.1%. 29 Aug 2014
Continental retail kingpin Shoprite's three top-performing countries outside SA are 80% stocked with non-South African products. 25 Aug 2014
Buying out its franchisees is a move that has paid off handsomely for Woolworths, which went on to build a roaring multibillion-rand food business. 22 Aug 2014
Fashion retailer Truworths International is looking for a new CEO to replace the incumbent of 23 years, Michael Mark, whose contract term ends in June next year. 22 Aug 2014
Swedish retailer H&M has confirmed it will open 4700 m2 flagship store, developed over several levels, at Cape Town's V&A Waterfront in 2015. The group has expanded substantially in recent years with 3300 stores spread across 54 markets, with a growth target to increase its number of stores by 10-15% per year. 22 Aug 2014
LONDON, UK: British supermarket chain Sainsbury's apologised on Monday, 18 August 2014, after staff at a central London store removed kosher food from shelves in response to protesters outside demanding a boycott of Israeli goods. 19 Aug 2014
Furniture retailer Lewis Group shares suffered a knock on Friday, 15 August 2014, after CEO Johan Enslin said trading for the four months to the end of last month was "extremely challenging". 18 Aug 2014
Woolworths has acquired the remaining 49% stake in its Zambian business, another step in its African expansion strategy. There are currently four stores in Zambia and there are plans to expand and open additional stores in Lusaka, Kitwe and Solwezi over the next two years. Growing African markets will drive future profitability and deliver on the group's strategy to be a leading southern hemisphere retailer. 15 Aug 2014
Following the completion of its Australian acquisition of David Jones and its buyout of the minority interests in Country Road, Woolworths has announced a number of senior management changes in these operations. 13 Aug 2014
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