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Retailers News

Showrooming holds the key to increased retail sales this festive season
Although physical stores are far from dead, retailers continue to adapt their business models. For example, Makro is trialling the use of online shopping pick-up lockers at garage forecourts, making it even easier to buy online and collect the goods at a convenient location. 26 Nov 2014
Is SA retail running out of local senior executive talent?
Jean-Christophe Garbino's naming as Michael Mark's successor as Truworths' CE raises the question: Is SA retail running out of local senior executive talent? 24 Nov 2014
Edcon aims to get more credit for customers
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Edcon, the owner of Edgars and CNA, is still in talks to find an alternative credit provider to shoppers, a move that will allow the retail group to grow sales in a tough cycle, when its rivals are curbing credit extension due to high levels of consumer debt. 24 Nov 2014
KitchenAid showroom launched in partnership with Reuben Riffel
'KitchenAid' by Maryke & Reuben opened earlier this week in Franschhoek to a warm reception by media and friends in the culinary industry. This is the first stand-alone KitchenAid retail space on the African continent and is situated adjacent to the original Reuben's Restaurant in Franschhoek within the courtyard. 20 Nov 2014
Mr Price H1 retail sales up
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Low cost retailer Mr Price on Monday, 17 November 2014, reported a 23% jump in first-half (H1) earnings despite the headwinds facing the local retail environment. 18 Nov 2014
Pawn is king in a crunch
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Rolexes, large diamonds, brass saxophones and art works by William Kentridge and Walter Battiss are popping up in pawn shops as the middle-class and even the rich feel the pinch. 17 Nov 2014
Takeover of Beares by Lewis to save and create jobs
The Competition Tribunal's approval of the takeover of several Beares stores by competitor Lewis will save more than 360 job opportunities and create another 126 jobs at the stores. 14 Nov 2014
Retail sector leads the upside on JSE; merry Xmas could be in store
The JSE's retail index leapt more than 2% on Wednesday, 12 November 2014, to lead the upside on the market and raise hopes that this Christmas could still be a jolly one despite a generally moribund economy. 13 Nov 2014
Spar profits rise‚ helped by acquisition of Irish retailer
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South African retailer Spar on Wednesday, 12 November 2014, reported full-year profit growth of 12.6%‚ helped by its recent acquisition of Irish food and wholesale distribution company‚ the BWG Group. 13 Nov 2014
Image source: Twitter
Image source: Twitter
The Foschini Group said on Monday, 10 November 2014, it has named Anthony Thunström as chief financial officer-elect with effect from 1 February 2015. 11 Nov 2014
Foschini Group wants 'cash shoppers'
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The Foschini Group (TFG) continues to target shoppers who spend with cash rather than store credit‚ as it aims to boost earnings in a tough consumer market. 10 Nov 2014
Truworths announces successor to CEO Michael Mark
Clothing retailer Truworths on Thursday, 6 November 2014, named Jean-Christophe Garbino to succeed current CEO Michael Mark effective March 2015. 6 Nov 2014
Actis buys US$65m stake in Tekkie Town
Tekkie Town will receive a US$65 million investment from Actis, a global pan-emerging market private equity investor based in London. The investment earns Actis a 42.5% share in the South African independent sports and lifestyle shoe retailer. 6 Nov 2014
Foschini sees improved earnings
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The Foschini Group, which has moved decisively into the more upmarket segment as it aims for a 50-50 split between credit and cash sales, is expected to report its half-year results tomorrow. 5 Nov 2014
New concept store boasts all things bike and bean
In line with a new worldwide brand direction that centres on lifestyle, versus an earlier focus purely on technology, BMW Motorrad, together with dealership owners Leon Potgieter and Mark Philp of Donford, will be pioneering a new destination store in Cape Town opening the end of November 2014. In addition to a full customization service, the new large-scale showroom will feature lifestyle accessories such as clothing, new and used BMW motorcycles and parts, servicing and workshop facilities. 5 Nov 2014
Ninth Woolworths store opens doors in Namibia
Woolworths (WHL) last week opened its ninth store in Namibia‚ as it forges ahead with its African expansion. 4 Nov 2014
Lewis Group to acquire Beares brand from Ellerines
Household furniture retail group Lewis (LEW) on Friday, 31 October 2014, said it had submitted an offer to Ellerines to acquire the Beares brand and some selected stores through its wholly-owned subsidiary Lewis Stores. 31 Oct 2014
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In response to the government's call to assist in growing the economy, Percy Mphaho, entrepreneur and former manager of 800m South African athletic champion Caster Semenya, has partnered with global shoe manufacturing brand, Calvano. 30 Oct 2014
Mr Price 26-week dil HEPS seen 20%-24% higher
Mr Price (MPC) said on Thursday, 23 October 2014, it expected its diluted headline earnings per share in the 26 weeks to 27 September to rise by between 20% and 24% from a year ago. 24 Oct 2014
Clicks FY profits jump despite fragile consumer confidence
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Retail group Clicks continued to show resilience in the face of challenging economic pressures and fragile consumer confidence‚ reporting a 10% jump in full-year profits on Thursday, 23 October 2014. 23 Oct 2014
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