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Retailers News

Bernie Brookes.
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Bernie Brookes. Picture: BDlive
Edcon CEO Bernie Brookes says he is confident about the group's future after the retailer secured support from its bondholders and bank lenders to obtain R1.5bn in bridge financing. 11 Jul 2016
Woolworths wins W&RSETA Good Practice Award
At the recent Wholesale and Retail Sector Education Training Authority (W&RSETA) Good Practice Awards, Woolworths won in the 'Enterprise: Super Large Retail Category' for 2016. The awards were adjudicated by a panel including representatives from the SETA, the Consumer Goods Council, Black Business SA and the body of Accredited Private Providers in Education, Training & Development. 8 Jul 2016
Johan Enslin.
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Johan Enslin. Picture: Business Day
At 2015's drama-filled annual general meeting (AGM), 40% of Lewis Group's shareholders voted against the company's remuneration policy - it is a record level of opposition for the remuneration policy of a JSE-listed company. 8 Jul 2016
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The second stage of grocery chain Pick n Pay's long-term turnaround programme is progressing well, ratings agency Fitch said in a report released on Wednesday night. 7 Jul 2016
Retailers face weaker full-year results
© Richard Thomas – 123RF.com
Souring consumer sentiment in the second quarter of 2016 could hint at weaker full-year results from SA's top retailers. 6 Jul 2016
Incredible Connection, Phishield partner to offer cyber fraud and phishing insurance cover
© David Molina – 123RF.com
From 1 July 2016, Incredible Connection partnered with cyber security-based insurance company, Phishield, to offer consumers cyber fraud and phishing insurance cover, at no additional cost, for all internet-enabled products, across selected products. 6 Jul 2016
The Danish Netto discount supermarket currently has 1,336 stores, out of which 459 are in Denmark and the rest in Germany, Poland, Sweden and Britain ().
The Danish Netto discount supermarket currently has 1,336 stores, out of which 459 are in Denmark and the rest in Germany, Poland, Sweden and Britain (AFP Photo/John Macdougall).
COPENHAGEN - Danish discount supermarket Netto said on Monday it was exiting the highly competitive British market as it ended a joint venture with British retailer Sainsbury's, citing a dearth of attractive store locations. 5 Jul 2016
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
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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
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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.
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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.
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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
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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
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