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Retailers News

Global CEO study underlines retailers' risk on running store, online operations separately
© wayne ruston – 123RF.com
The growing omni-channel fulfilment costs are forcing a significant number of retailers to increase minimum order values and home delivery costs, as few are running their store and online operations collectively. These findings are highlighted in CEO Viewpoint 2016: The Journey to Profitable Omni-Channel Commerce. 30 Aug 2016
Whitey Basson.
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Whitey Basson. Picture: Business Day
Shoprite Holdings could be expanding abroad, according to CEO Whitey Basson, but he would not be drawn into the nitty-gritty. 24 Aug 2016
Makro store in Midrand, Johannesburg.
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Makro store in Midrand, Johannesburg. Picture: Sowetan/Antonio Muchave
Massmart's planned hearing at the Competition Tribunal began with a hitch on Tuesday, after the parties it sought to bring action against asked the tribunal not to listen to the matter. 27 Jul 2016
Raymond Ackerman.
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Raymond Ackerman. Picture: Sunday Times
The pyramid structure that secured control of Pick n Pay in the hands of the Ackerman family is set to be unwound, 36 years after it was put in place to ward off a suspected hostile bid. 26 Jul 2016
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At an extraordinary general meeting, preceding the Pick n Pay AGM held on 25 July 2016, the majority of shareholders voted in favour of the group's proposal to modernise its pyramid ownership structure. All shareholders in Pick n Pay will now hold their shares in a single Pick n Pay Stores listing, with Pick n Pay Holdings delisting from the JSE. 26 Jul 2016
Lewis investor battle escalates
The battle between shareholder activist Dave Woollam and the directors of Lewis Stores escalated this past week, with the lodging of papers at the High Court in Cape Town on Wednesday that could see the minority shareholder have the directors declared delinquent. 25 Jul 2016
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Shoprite's stronghold in West Africa helped the domestic retailer report better-than expected results in July, but the company has yet to successfully branch out in East Africa. 22 Jul 2016
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Pick n Pay's annual general meeting (AGM) next week looks certain to be another humdinger as smaller shareholders vent their opposition to the proposed restructuring of the Ackerman family's control. 21 Jul 2016
Mixed fortunes for large retailers
It is a mixed bag for South African retailers, as Massmart and Shoprite's trading updates shine a spotlight on the market, which has been marred by slow sales growth amid weak consumer spend. 20 Jul 2016
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
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