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Retailers News

Retail in Africa is still a good bet
© John Mcnamara – 123RF.com
The forecast for retailers in Africa remains buoyant in the long term, despite the headwinds in Africa such as falling commodity prices and the slowing of the Chinese economy. This is according to the inaugural PwC's report So Much In Store, which was released recently in Johannesburg. 17 Mar 2016
Daisy Masiangoako, marketing manager of Woolworths Foods: Long Life.
Daisy Masiangoako, marketing manager of Woolworths Foods: Long Life.
Here, Daisy Masiangoako, marketing manager of Woolworths Food: Long Life, explains 'the Woolworths difference' when it comes to branding... 17 Mar 2016
Choppies CEO Ramachandran Ottapathu.
Photographer: Calvin Anderson
Choppies CEO Ramachandran Ottapathu. Photographer: Calvin Anderson
Botswana-based retailer Choppies has missed targets to break even in SA this year due to the rapid deterioration in consumer spend in the country's mining areas, where most of its stores are located. 16 Mar 2016
Photographer: Martin Rhodes
Image source:
Photographer: Martin Rhodes Image source: BDlive
Venturing into Switzerland was a major coup for the Spar group, CEO Graham O'Connor said on Friday, adding that he had turned down deals in two other geographies, having chosen the developed market, which was "an exceptional fit". 14 Mar 2016
Spar acquires majority stake in Spar Switzerland
© photogearch – 123RF.com
Spar South Africa has acquired a 60% stake in Spar Switzerland for R690 million. 14 Mar 2016
A Cashbuild outlet in Rustenburg, North West. Photographer: Martin Rhodes Image source:
A Cashbuild outlet in Rustenburg, North West. Photographer: Martin Rhodes Image source: BDlive
Cashbuild, a major retailer of building materials in Southern Africa, reported a "strong set of results" for the six months ended-December, excluding a once-off empowerment cost of R63m. 2 Mar 2016
Kids Emporium to open UK store
South African retailer Kids Emporium is set to open in the upmarket Angels Gate shopping district in Guildford, Surrey, UK. The opening of the new store will be complemented by the launch of the Kids Emporium UK online store, for online shopping with the additional convenience of door-to-door deliveries. 1 Mar 2016
Photographer: Robbie Tshabalala
Image source:
Photographer: Robbie Tshabalala Image source: BDlive
As part of its broader plan to tackle declining sales and profit, Edcon's core Edgars chain is undergoing changes to try to claw back market share. 1 Mar 2016
Steinhoff faces off with Sainsbury's
Steinhoff CEO Markus Jooste met questions late on Monday over the group's bid for Home Retail Group (HRG) with polite parry, saying only that the UK company's Argos chain was an attractive business for Steinhoff to add to its portfolio. 1 Mar 2016
Makro store in Midrand, Johannesburg.
Photographer: Antonio Muchave
Image source:
Makro store in Midrand, Johannesburg. Photographer: Antonio Muchave Image source: BDlive
Retailer Massmart offered on Thursday a sober outlook for the sector, echoing those of rivals, indicating that prospects for a quick revival in consumer spending are growing remote. Conditions are expected to worsen as the economy slows and higher inflation, a weaker rand and rising interest rates bite. 26 Feb 2016
Pilot scheme in Soweto could open the door for hundreds of spaza owners
A new partnership between the Gauteng Department of Economic Development (GDED) and Pick n Pay comes alive as the first ever spaza-to-store conversion, Monageng Market, opens in Diepkloof, Soweto this week. 26 Feb 2016
Shoprite CEO Whitey Basson.
Photographer: Trevor Samson
Image source:
Shoprite CEO Whitey Basson. Photographer: Trevor Samson Image source: BDlive
Whitey Basson, CEO of Africa's largest grocer, Shoprite, on Tuesday took aim at the government for what he said was its neglect of the basics, such as job creation, crime and education... 24 Feb 2016
Sainsbury given more time for Home Retail bid after Steinhoff offer
© Anthony Baggett – 123RF.com
LONDON - British supermarket operator Sainsbury has been given more time to make a firm bid for Argos-owner Home Retail, after a possible higher rival offer from SA's Steinhoff International emerged on Friday. 23 Feb 2016
Image source:
Image source: Sunday Times
The local furniture retail unit of Steinhoff International plans to cut 4,110 jobs when it closes stores, as part of structural changes to revamp the ailing retailer, the South African Commercial, Catering and Allied Workers Union (Saccawu) said on Monday. 22 Feb 2016
Edcon CE Bernie Brookes.
Photographer: Martin Rhodes
Image source:
Edcon CE Bernie Brookes. Photographer: Martin Rhodes Image source: BDlive
Edcon, the retailer that owns brands such as Edgars, CNA and Jet, will cut jobs at its head office as part of its turnaround strategy. 9 Feb 2016
easyFoodstore enters UK budget supermarket wars
© Sergey Ryzhov – 123RF.com
LONDON - British tycoon Stelios Haji-Ioannou, founder of no-frills airline easyJet, on Tuesday opened a pilot budget supermarket in London in an attempt to crack the country's booming discount grocery sector. 3 Feb 2016
UK supermarket Sainsbury's offers 1.3bn for Argos owner
LONDON - British supermarket group Sainsbury's has tabled an offer to buy Home Retail Group, owner of catalogue chain Argos, for £1.3 billion, it said Tuesday. 3 Feb 2016
Image credit:
Image credit: BDlive
While their grocery counterparts are likely to experience sluggish trading this year, SA's clothing groups will be only slightly better off, as the macroeconomic drivers of retail spending remain poor and competition becomes fiercer. 1 Feb 2016
Photographer: Robbie Tshabalala Image source:
Photographer: Robbie Tshabalala Image source: BDlive
Thousands of workers retrenched by the Edcon group in 2013 and 2014 have had their hopes of reinstatement dashed by the Constitutional Court. 25 Jan 2016
Apple files with India government to open first stores
NEW DELHI - Apple said Wednesday it has asked the Indian government for permission to open its first stores in the country, paving the way for its feted brands to join the fast-growing smartphone market. 21 Jan 2016
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