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Retailers News

Woolworths launches 30% plant-based plastic milk bottle
© Ilona via Pixabay
In a first for the dairy industry in South Africa, Woolworths has launched an innovative green milk bottle, consisting of 30% plant-based plastic. 20 Oct 2016
Malls need to move product off shelves, rather than brand building
The focus for malls has to be on moving product off the shelves rather than brand building, as consumers tighten their belts and look for even more value from retailers ahead of the festive season. 20 Oct 2016
123RF
123RF
The National Credit Regulator (NCR) is finalising its response to a lawsuit brought by three retail groups in June challenging its new affordability assessment regulations, which retailers claim caused millions of rand in lost sales. 6 Oct 2016
Edcon CEO Bernie Brookes says news of the debt-to-equity transaction has been welcomed.
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Edcon CEO Bernie Brookes says news of the debt-to-equity transaction has been welcomed. Picture: Freddy Mavunda
News earlier this week that Edcon would now belong to its creditors, after a debt-to-equity transaction, has been met with muted applause by analysts. While analysts are happy the transaction will significantly reduce the group's debt burden, they also warn that celebrations may be premature as the apparel retailer has a difficult journey ahead in its quest to change its fortunes. 23 Sep 2016
Andrew Jennings in 2010.
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Andrew Jennings in 2010. Picture: Financial Mail
Former MD of retail at Woolworths Andrew Jennings, has been tipped as a possible contender to head the new Edcon board, which will have the near-impossible task of growing profit in one of the most hostile trading environments in the group's 86-year history. 22 Sep 2016
Choppies pays hefty price for expansion
© radub85 – 123RF.com
Choppies Enterprises - the leading supermarket grocery retailer in Botswana - continued with its expansion strategy into the rest of Africa in the year to end-June, but the moves into new territories came with a more than 50% cost to the company's earnings. 22 Sep 2016
Woolworths CE Ian Moir.
Photographer:
Woolworths CE Ian Moir. Photographer: Trevor Samson
It is conceivable that juicing is a fad too far and that kale isn't as saintly as it seems. However, for the fervent who cleanse, reset and detox but might be averse to slicing, chopping and dicing, it has never been easier to get in five-a-day, thanks to Woolworths. 19 Sep 2016
Gap becomes latest to reveal its supplier factories
WASHINGTON: Global clothier Gap Inc this week became the latest apparel retailer to identify the factories which produce its garments, helping shed light on how the world's clothing is made. 9 Sep 2016
Marks and Spencer to cut around 525 head office jobs
© joeppoulssen – 123RF.com
LONDON, UK: Marks and Spencer is to axe around 525 head office jobs and switch some 400 roles out of London to save costs, the British retail group announced Monday. 6 Sep 2016
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The market continued to punish retailer Mr Price on Thursday, sending the previously highly rated company's share price 11% lower to R165, after losing 15.96% on Wednesday. 5 Sep 2016
SA Chefs Association puts its stamp of approval on Checkers Ready-To-Cook range
Checkers' new range of Ready-To-Cook convenience meals, as well as its butcher's premium pork and matured beef ranges, have received the South African Chefs Association's (SACA) stamp of approval. 1 Sep 2016
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
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