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Retailers News

Lewis makes huge strides on disclosure
© Katarzyna BiaÅ?asiewicz – 123RF.com
Furniture retailer Lewis Group has made huge strides on the disclosure front, with its just released annual report providing critical insights into its operations and the quality of its debtors book. 4 Jul 2016
From smiley faces to hearts and hugs, emoji icons have become an intrinsic part of our everyday lives. Emoji-africa announced its exclusive distributorship of officially branded emoji products to the sub-Saharan African marketplace earlier this week. 1 Jul 2016
Picture:
Picture: Supplied
One day, in the Land of Edgardale (as the story goes) Birgitt Gebauer, former CE of the Edgars chain - after a feverish exchange with newly appointed Edcon boss Bernie Brookes - turned on her heels, and blasted off, never to be seen again. 1 Jul 2016
Book stacked for distribution at an Exclusive Books holding warehouse in Cape Town. Exclusive is fighting to hold on to its stores in the OR Tambo and Cape Town airports.
Picture:
Book stacked for distribution at an Exclusive Books holding warehouse in Cape Town. Exclusive is fighting to hold on to its stores in the OR Tambo and Cape Town airports. Picture: BDlive
The usual airport book fare of easy reading thrillers or romances with glitzy covers are not necessarily top of the list for tourists who frequent Exclusive Books' airport stores. 29 Jun 2016
Complete revamp for Boksburg Hypermarket
In May 1975, the first hypermarket opened for business in Boksburg, bringing the concept of one-stop shopping to South African consumers. Today, some 41 years later, the Boksburg Hypermarket will reopen those very same doors to reveal a completely revamped store: open, easy-to-navigate spaces, a comprehensive product offering and a host of value-added services. 27 Jun 2016
Daniel Zhang.
Picture: Nelson Ching/Bloomberg
Daniel Zhang. Picture: Nelson Ching/Bloomberg
Why have SA's retail giants been falling over themselves to snap up chains in Europe, a continent with lacklustre 1.6% growth and less than shiny prospects? 27 Jun 2016
SA retailers: incredulous, insane and in deep trouble
© yanlev – 123RF.com
Retailers are fond of telling us their special offers are incredible or crazy. How right they are! Because in many respects the current spate of retail price cuts really is unbelievable, if not downright insane. 22 Jun 2016
A Game store, operated by Massmart, in Rosebank, Johannesburg.
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A Game store, operated by Massmart, in Rosebank, Johannesburg. Picture: Sunday Times
Small, medium and micro-sized enterprises (SMMEs) in the grocery retail sector are reaping the rewards of big investments by dominant players in the industry, such as Massmart and Pick n Pay. 22 Jun 2016
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After persistent minority shareholder pressure in the past few years, supermarket giant Pick n Pay Stores will collapse its archaic pyramid control structure Pick n Pay Holdings (Pikwik) - but the new set-up ensures voting control remains with the Ackerman family. 15 Jun 2016
Woolworths store at the V&A Waterfront in Cape Town.
Image source:
Woolworths store at the V&A Waterfront in Cape Town. Image source: BDlive
By the end of June, half of all Woolworths stores will have removed sweets and chocolates from the checkout aisle, and replaced them with "better snacking options", says the retailer. 10 Jun 2016
Picture:
Picture: Business Day
Hardware retailers led a fall in building confidence, a quarterly poll by Stellenbosch University's Bureau for Economic Research (BER) reported on Thursday. 10 Jun 2016
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Picture: Sunday Times
Retailer Clicks will takeover managing private hospital group Netcare's 37 Medicross branded retail pharmacies and its 51 hospital "front shops", the two JSE-listed groups said in a joint-statement on Wednesday. 8 Jun 2016
Can Pick n Pay regain its former glory?
Whisper it softly, but it seems that this time, Pick n Pay's "turnaround" strategy might actually be working. Richard Brasher, the soft-spoken Englishman recruited shortly after he left UK retail giant Tesco after clashing with the top brass over strategy, seems to have had much more luck in muscling Pick n Pay back onto the right path. 6 Jun 2016
Woolworths achieves seafood goals
Eight years ago, Woolworths introduced its sustainable seafood policy and since then has become South Africa's first retailer to sign the WWF-SASSI Retail Charter. Passion for the environment and deep concern about the impact of over-fishing has driven the company to set and work towards challenging goals. The aim is to provide its consumers with the assurance that all its wild-caught seafood is responsibly sourced and traceable. 3 Jun 2016
Pixabay
Pixabay
Consolidation in the furniture sector has placed Lewis in a strong position to roll out 10 to 15 new stores in SA in its next financial year. 30 May 2016
123RF
123RF
Massmart plans to open 13 new stores this year, seven of which are already operating, CEO Guy Hayward said at the retailer's annual general meeting. 27 May 2016
Photographer: Glasshouse Communication Management
Photographer: Glasshouse Communication Management
The East Rand Mall has had a R460m cash injection by the organisation's partners Redefine Properties, Vukile Property Fund, and JHI. The new-look mall now boasts some of the leading brands and an even more attractive array of fashion and lifestyle and under one roof. 26 May 2016
Gap shutting 75 stores this year, 53 in Japan
NEW YORK; Retail group Gap Inc. said Thursday it would shutter 75 stores this year amid sagging sales, including 53 of its kids-focused Old Navy brand outlets in Japan. 23 May 2016
Panel to ask hard questions about retail sector
The Competition Commission panel appointed to conduct a year-long market inquiry into the grocery retail sector, is set to ruffle feathers as it tackles contentious issues, most notably lease exclusivity at malls. 19 May 2016
Spar reports overall FY revenue growth of 16.8% to R42.5bn
Spar Ireland's revenue rocketed 44.7% to R11.1bn in the year to end-March, helping the JSE-listed grocery chain report an overall revenue growth of 16.8% to R42.5bn on Wednesday. 19 May 2016
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