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Retailers News

Tesco sells South Korean unit for more than 4bn
© Anthony Baggett – 123RF.com
LONDON - Troubled British retailer Tesco agreed Monday to sell South Korean unit Homeplus to a consortium led by private equity firm MBK Partners for more than £4.0 billion (5.5 billion euros, $6 billion)... 7 Sep 2015
32 Clothing, an off-price retailer modelled on the TJMax and TKMax concepts overseas, has launched to give shoppers on a budget a new home. It is the first off-price retailer of its kind in South Africa, offering up to 80% off exclusive, quality brands such as H&M, Diesel, ZARA, Tom Tailor, Adidas, New Balance and &OtherStories. 4 Sep 2015
Woolworths SA appoints long-time employee as new CEO
Woolworths on Wednesday announced the appointment of Zyda Rylands as its new CEO... 3 Sep 2015
Pop-up Habitat for V&A Waterfront
Furniture, home and lifestyle brand Habitat is to open its first pop-up store at the V&A Waterfront, Cape Town on 20 October 2015. The new pop-up shop will offer a limited selection of Habitat's decorative home accessories, furniture, tabletop and gifting. 2 Sep 2015
Australia's Cotton On to open 40 stores across SA
Australia's Cotton On Group will open up to 40 stores across SA before Christmas, chief financial officer Michael Hardwick said yesterday, 31 August 2015. 1 Sep 2015
Image source:
Image source: AFP
SYDNEY, AUSTRALIA: Australian supermarket giant Woolworths on Friday posted a 12.5 percent slide in full-year net profit and announced its chairman was stepping down, just months after the group's chief executive quit. 1 Sep 2015
Retailers rue costs of power outages
© Name – 123RF.com
Two of SA's largest retailers yesterday offered a measure of consumers' financial health and the economy when they posted mixed-sales growth, indicating a squeeze on household spending, writes Zeenat Moorad... 1 Sep 2015
[#WomenInBiz] Humble beginnings and happy endings w/ Zyda Rylands
Growing up as a tailor's daughter in the midst of apartheid, Zyda Rylands, now the MD of Woolworths Food, is proof of the pudding that workforce diversity is what drives the competitive advantage of one of the leading retailers in South Africa... 31 Aug 2015
Woolies to replace all sweet confectionery with healthy options at checkout
Woolworths has just announced its decision to remove all sweets and chocolates from its checkout aisles... 28 Aug 2015
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
Image credit:
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
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