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Retailers News

Retailers want Eskom to review move to weekend load-shedding
Retailers are complaining that they are having to bear the brunt of Eskom's load-shedding over successive weekends during their peak trading season ahead of Christmas. 8 Dec 2014
Pick n Pay opens ninth Zambian store
© robodread – 123RF.com
After the launch of its first store in Zambia in 2010, Pick n Pay opened its 9th store in Chingola yesterday, 4 December 2014. 5 Dec 2014
Debt makes shoppers think thrice
Retailers are unlikely to experience much festive cheer this year as the strain on disposable income persists... 2 Dec 2014
Nigeria's ambitions of luxury
Nigeria, where most of the people live on less than US$2 a day, is the fastest growing markets in the world for French champagne and digital TVs and could be the next big growth frontier for luxury goods. 28 Nov 2014
Attention retention, do shopping centres still have it?
November through to February means increased time in the malls either for shopping, entertainment or simply catching up with friends and family over a meal or coffee for many consumers. The challenge for shopping centres and landlords is to drive traffic to their malls and hold the attention and interest of their shoppers during a time that has many distractions. 28 Nov 2014
Edgars moving in the right direction for 1D fans
In addition to being an official One Direction (1D) World partner, Edgars is launching the 'Edgars 1D World', the ultimate fan experience leading up to the local leg of the One Direction tour in early 2015. It includes in-store activations, a number of social media campaigns to engage local One Direction fans and plenty of opportunities to win merchandise and tickets to the One Direction concerts in March and April 2015. 28 Nov 2014
SA retailer jumps on Black Friday bandwagon
For the first time in South Africa, Checkers joins the world in Black Friday, the world's biggest retail sales promotion, with bargains of up to 50% off a range of selected general merchandise, food and liquor items on Friday 28 November 2014. 27 Nov 2014
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
© svort - Fotolia.com
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
© Don Purcell – 123RF.com
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'
© Anke van Wyk - Fotolia.com
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
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