Retailers News

Summer sales might offer a helpful fillip for clothing retailer Woolworths after a poor winter start to the first 19 weeks of this financial year. 11 Nov 2016

Checkers is the first major South African supermarket to develop a private label, banting-friendly range, called 'Banting Revolution'. 11 Nov 2016

Furniture retailer Lewis more than halved its interim dividend to R1 from the matching period's R2.15. 10 Nov 2016

Lewis Group has dismissed allegations of wrongdoing relating to the practice of cancelling credit transactions in default and reinvoicing them as cash sales, saying this did not affect provisions for future bad debt. 9 Nov 2016

Pick n Pay does not believe there is a basis for the inquiry into the grocery retail sector. In its nonconfidential submission prepared by law firm Nortons to the panel overseeing the process, the retailer says there is a relatively clear difference between the formal and informal grocery retail trade. 9 Nov 2016

"Retailing is not complicated - it's just hard to do well." 4 Nov 2016

Whitey Basson, arguably SA's greatest retailer, has announced that at the end of this year he would retire from the helm at Shoprite, which he built into an African grocery colossus. He says he is weary and 'gatvol'. The news was somehow not a surprise and it seems clear he is stepping aside in the face of longtime associate Christo Wiese's determination to merge Shoprite with furniture retailer Steinhoff. 4 Nov 2016

Investors discarded Truworths stock on Thursday, sending the share price down more than 8% in intraday trade, after the clothing retailer released a business update that drove home the severity of the constraint on consumer spending. 4 Nov 2016

Truworths' share price tumbled 7% to R66.21 on Thursday morning after it said sales in its first 18 trading weeks declined by 1% to R4.4bn, excluding its acquisition of UK shoe chain Office. 3 Nov 2016

The Shoprite share price lost some of its previous day's gains on Tuesday as doubts grew over the prospect of Steinhoff forking out a premium to gain control. 2 Nov 2016

Observers of the South African retail industry are not convinced that Stuttafords can survive business rescue as planned. 1 Nov 2016

Department chain Stuttafords has voluntarily submitted itself for business rescue proceedings, it emerged at the weekend. The embattled company has eight department stores and 15 monobrand stores across SA. 31 Oct 2016

Whitey Basson will be succeeded as Shoprite CEO by chief operating officer Pieter Engelbrecht on January 1, the grocery chain announced at its annual general meeting on Monday morning. 31 Oct 2016

Clicks Group will invest R577m in capital expenditure in 2017, as it looks to raise the capacity of its health and beauty divisions. 28 Oct 2016

The Lewis share price slumped to its lowest level in seven years on Friday after a trading update revealed that the soon-to-be released interim results would show earnings down by as much as a staggering 45% on the financial 2016 interims. The share fell 8% to R38 in morning trade before recovering to close at R40.27, a fall of 3.3% on the day. 25 Oct 2016

Foodserv has launched a new easy-to-use and multi-functional oven, the Rational SelfCookingCenter XS, a compact oven designed to fill the market gap for an intelligent oven that delivers the same hi-tech features and benefits as its larger counterparts but is not as bulky. 24 Oct 2016

As part of its Next Generation project, which provides customers with an improved shopping experience, a more efficient environment for staff and better service, the Pick n Pay store in Ilanga Mall Nelspruit had its relaunch this week. 21 Oct 2016

The Foschini Group (TFG) has chosen CA Southern Africa's Application Program Interface (API) management solution to support its digitalisation strategy across its 2,200 stores in 31 countries. 20 Oct 2016