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Retailers News

HomeChoice tightens up on credit
HomeChoice International has reduced the average loan to its customers as a poorly performing economy has put the online and mailing retailer's customers under pressure... 26 Aug 2015
East Point's stores remain open during revamp
As East Point (previously East Rand Galleria Shopping Centre) progresses through its renovations, which will ultimately offer a superior shopping experience for customers, trading continues from a broad variety of stores... 19 Aug 2015
Grocery retailers in the crosshairs again
The Competition Commission will again focus on the grocery retail sector after its previous investigation into supermarkets and exclusive leases, in what it is calling the "grocery retail sector market inquiry"... 11 Aug 2015
Edcon shifts focus to efficiency gains
Edcon, which lightened its debt load by R3.5bn when it restructured its debt last month, would now focus on operational improvements to gain efficiencies, the retailer said yesterday in its first-quarter results update... 7 Aug 2015
Woolworths staff cash out as BEE scheme matures
Woolworths staff have so far cashed out about R1.9bn after selling shares following the maturity of the company's black economic empowerment (BEE) employee share ownership scheme that was initiated eight years ago... 17 Jul 2015
R500-million revamp at The Zone @ Rosebank
Three new stores have been launched at The Zone @ Rosebank, Joburg, as part of a R500-million revamp... 13 Jul 2015
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HARARE - The cries of street vendors have become the soundtrack to Zimbabwe's collapsing economy as increasing numbers of the unemployed try to eke out a living, leaving shopkeepers - and the taxman - poorer... 13 Jul 2015
Advanced analytics: the game changer SA retailers have yet to plug into
As a strategic direct marketing tool, advanced analytics has the power to revolutionise the South African retail sector. It enables retailers to connect with their customers personally like never before, actively to influence purchase behaviour and drive sales, and to deliver the kind of value that will keep these customers coming back for more. So why aren't more local retailers using it? 6 Jul 2015
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Image credit: Edcon.co.za
By the end of the week, analysts were betting on whether Edcon would resolve its debt woes before Greece. For both there's almost an inevitability that something dramatic has to be done but, also for both, there's the likelihood that the dramatic option will be staved off... 6 Jul 2015
Orange retail store opens in Cape Town
Because of the excellent reception of the Orange Online Store, which was launched in South Africa last year, Orange is to open its first physical retail store in the country, situated in Claremont, Cape Town on Friday, 26 June 2015... 29 Jun 2015
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PRETORIA: A partnership between the Gauteng province and Massmart will result in the establishment of 500 retail shops within the province's townships... 24 Jun 2015
Makro store in Midrand, Johannesburg. Image credit:
Makro store in Midrand, Johannesburg. Image credit: Sowetan/Antonio Muchave
Massmart has welcomed the Competition Commission's market inquiry into the retail sector but says it will continue pursuing its own legal proceedings against anti-competitive exclusive lease agreements held by large grocers... 17 Jun 2015
Retail sector gets shopped
© Marcos Osorio Cecilia – 123RF.com
Executives in the retail industry must be thinking "this all looks horribly familiar" as they contemplate the just-released draft terms of reference for the Competition Commission's inquiry into their industry... 15 Jun 2015
Pick n Pay to double the number of Brand Match products
Pick n Pay (PnP) has announced that it is to double the number of products to be compared under Brand Match, which it launched nearly 10 months ago, for customers in-store to 2,000. 15 Jun 2015
Cotton On expands into homewares market
Cotton On is expanding into the homewares market, partnering with Australian-based furniture company Mark Tuckey to create a bespoke collection... 11 Jun 2015
Consumers and malls to benefit from added international retailers
South African shopping centres are truly world class, according to Amanda Stops, CEO of the South African Council of Shopping Centres (SACSC), who believes that the increase in international retailers entering the market is good for both the industry and consumers... 11 Jun 2015
Walmart chairman to be replaced by his son-in-law
NEW YORK, USA: Retail behemoth Wal-Mart Stores announced on Friday, 5 June 2015, that longtime chairman Rob Walton would be replaced by his son-in-law, Greg Penner, who will be the third person to hold the job. 9 Jun 2015
25 Spar Hypermarkets planned for India by end of 2017
In conjunction with the state visit of the Dutch Prime Minister, Mark Rutte, along with a high-level Dutch trade delegation, to a Spar Hypermarket in New Delhi, Spar announced that it plans to open 25 Spar Hypermarkets by end of 2017. This should increase its current workforce of 2500 across the country to 3300 by the end of that year. 8 Jun 2015
David Jones to open Wellington store in 2016
David Jones will be the fifth Woolworths Holdings Limited (WHL) company to launch into New Zealand, joining successful brands Country Road, Witchery, Trenery and Mimco. WHL currently employs more than 500 staff in New Zealand and the new store will be its 36th in the country. 5 Jun 2015
Mr Price to open Australian stores
The Mr Price Group (MPC) is set to open its first physical stores in Australia later this year selling Mr Price clothing and home products‚ and this time market commentators are more optimistic about a South African retailer succeeding Down Under. 4 Jun 2015
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