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Retailers News

Why global retail success means going very local
As the Internet's reach expands worldwide, competition for retailers is flattening as it's now possible to build a personal connection with each shopper rather than compete for their wallets based purely on price. But, the real challenge is how to establish a personal connection with these foreign audiences. 30 Mar 2015
Sandton City opens Diamond Walk for super-luxury
Sandton City's new Diamond Walk will open to the public on 30 April 2015, staking its position as Africa's definitive luxury and super-luxury retail destination. It is in the new mall where Sandton City's upper level links with the Sandton Sun and InterContinental Johannesburg Sandton Towers hotels. 27 Mar 2015
Homechoice FY HEPS up 15%
Home shopping retailer Homechoice International PLC headline earnings per share (HEPS) increased 15% to 352.8c in the year ended December 2014‚ the investment holding company said on Friday, 23 March 2015. 23 Mar 2015
Moving up and onwards for Metro Namibia
Metro Namibia, purchased by Botswana Stock Exchange listed Sefalana Group, in 2014, will relaunch its brand identity in its 12 stores with new exterior signage, revamped branding, a renewed commitment to its existing customers and a warm welcome to the public. Each of the stores has or is in the process of renewing exterior signage, which will still feature the famous Metro Namibia oval, with a fresh new look and feel. 23 Mar 2015
Change of season brings a change of sales
Retailers know that seasonal change gets consumers into their stores and if the shift in seasons is managed correctly, it can help drive sales throughout the year. 23 Mar 2015
Somerset Mall, where fashion meets files
Style and stationery are on the lips of shoppers in Somerset West, as international fashion outlet Cotton On prepares for the launch of its well-known stationery and gifting store Typo, in conjunction with the reopening of its clothing store at Somerset Mall on 13 March 2015. 9 Mar 2015
More Poco stores for Western Cape
Steinhoff plans to open Poco stores across the Western Cape before a country-wide roll-out of the German mass discount household goods chain. 5 Mar 2015
Bringing the market to the masses with online rollout
In the three months since the launch of @home and hi-online stores, 67% of sales were from account holders purchasing with their Foschini Group (TFG) account cards. TFG has democratised online shopping by allowing their three million account holders to purchase online using their store cards and the move is paying off handsomely. 5 Mar 2015
Competition Commission approves Steinhoff takeover of Pepkor‚ without conditions
The Competition Commission on Wednesday, 4 March 2015, said it had recommended that the Competition Tribunal approve Steinhoff's R62.8bn takeover of clothing retailer Pepkor‚ without conditions. 5 Mar 2015
Grocery stores cry foul as load shedding raises costs
Grocery retailers and food producers say lost trading hours‚ wasted food and costly generators are among the biggest concerns emanating from the rolling power blackouts afflicting SA. 4 Mar 2015
Massmart 52-week HEPS down 10.2%
Walmart-owned Massmart Holdings (MSM) has suffered a 10.2% drop in headline earnings per share (HEPS) to 509.7c in the year to December‚ missing market estimates. 26 Feb 2015
Shoprite H1 diluted HEPS up 8.6% to 370.2c
Shoprite (SHP) has reported an 8.6% rise in diluted headline earnings per share to 370.2c in the six months to December from a year-earlier period. 24 Feb 2015
JD Group sees H1 HEPS from continuing operations between 50% and 60% higher
JD Group's (JDG) headline earnings per share (HEPS) from continuing operations for the six months ended December 2014 will be between 67.7c and 72.2c per share from 45.1c in the year-earlier period‚ the company said on Tuesday, 24 February 2015. 24 Feb 2015
Truworths H1 HEPS 334.5c vs 335.8c
Truworths International's (TRU) headline earnings per share (HEPS) were 334.5c for the 26 weeks ended December 2014‚ a decrease of 0.4% from 335.8c in the year-earlier period‚ the clothing company said on Thursday, 19 February 2015. 20 Feb 2015
SA December retail trade sales up 3.4% y/y
Retail trade sales grew much better than expected in December 2014 compared with a year ago (y/y)‚ Statistics SA data showed on Wednesday, 18 February 2015. 19 Feb 2015
A third space for 2nd Take
For the last five years, 2nd Take has established itself as excellent shopping alternative for second-hand designer wear with boutique stores in Sea Point and Philippi and an online store. The opening of its new branch in Rondebosch in Cape Town comes from the high demand for branded clothing in this area. 19 Feb 2015
Spar group sales up 38.8%
Spar (SPP) group sales increased by 38.3% for the 17-week trading period to end 24 January 2015 from the year-earlier period. 13 Feb 2015
David Jones buoys Woolworths' interim sales
High-end retailer Woolworths (WHL) saw its interim group sales soar by more than 55% to R30.3bn as sales figures from its recent Australian acquisition David Jones were included for the first time. 12 Feb 2015
Ellerines rescue process 'better than expected'
Unlike African Bank's recovery process which missed initial deadlines, the business rescue process at its furniture retailer Ellerines is progressing better than was expected, with a possible payout to creditors in the next two to three months. 10 Feb 2015
Foreigner investors still keen on SA retail stock
With the search for yield set to continue, SA's favoured retail shares are likely to remain fashionable for foreign investors. 4 Feb 2015
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