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Retailers News

Ian Moir
Picture:
Ian Moir Picture: Bloomberg
With even the darling of the retail sector now showing weakness, prospects for trading this year look bleak. 20 Jan 2017
Disappointed investors punish the clothing retailer and shoot down its share price by close to 5%. 18 Jan 2017
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Picture: Bloomberg
The group's non-South African supermarkets record sales growth of 32.2%. 18 Jan 2017
File image of a Makro superstore in Milnerton, Cape Town. Makro is housed by Masswarehouse, a division of Massmart.
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File image of a Makro superstore in Milnerton, Cape Town. Makro is housed by Masswarehouse, a division of Massmart. Picture: Wikimedia Commons
Walmart subsidiary Massmart's sales grew 7.7% to R91.2bn in the 52 weeks to December 25‚ beating product inflation of 6.7%. 17 Jan 2017
Picture:
Picture: Sunday Times
Retailer TFG reported double-digit sales growth for the nine months to December, a feat that was widely applauded by the market, sending the share price soaring more than 6% in intraday trade. 17 Jan 2017
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Budget clothing retailer Mr Price suffered a 0.5% decline in sales to R6.1bn over the Christmas quarter even before taking into account high product inflation of 10.8%. 17 Jan 2017
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Picture: Sunday Times
TFG's share price shot up more than 6% in midday trade on Monday after the retailer said its Christmas sales exceeded expectation. 16 Jan 2017
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Picture: Bloomberg
The company says its cautious strategy in the rest of Africa is proving to be the right approach. 16 Jan 2017
Shoppers leave a Woolworths store in Lenasia, south of Johannesburg. Picture:
Shoppers leave a Woolworths store in Lenasia, south of Johannesburg. Picture: Reuters
The just-released trading update from Woolworths points to 2017 being another extremely tough year for a group that was, until as recently as the end of 2015, one of the darlings of the investment community. 13 Jan 2017
(c) radub85 -
(c) radub85 - 123RF.com
There are further signs of trouble in SA's struggling retail sector, with Woolworths releasing a poor trading update that analysts say can only be a bad omen for the rest of the retailers still to release their Christmas figures. 13 Jan 2017
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Picture: BDlive
Retailer says exclusion of Boxing Day from first-half figures is partly to blame for lacklustre sales growth. 13 Jan 2017
Tiger Brands bosses cash in after failure
Months after taking a R2.2bn write-down on its disastrous Nigerian acquisition, Tiger Brands' remuneration committee raised the fees of the directors who had overseen the decision to invest in the value- destroying Dangote Flour Mills. 6 Jan 2017
Edcon gets buy-in for new company
It was a busy end to 2016 for Edcon as the retailer cleared what CEO Bernie Brookes called "the last hurdle" in a deal that will see the group come under its creditors' ownership. 6 Jan 2017
Shares in UK clothing groups slump on price warning
LONDON: British clothes retailer Next on Wednesday warned of a tougher trading year ahead as uncertainty caused by Brexit weakens the pound and pushes up the cost of raw materials. 5 Jan 2017
Ellies stays solvent despite TV migration delays and Megatron divorce
Electronics group Ellies managed to remain solvent despite delays in SA's migration from analogue to digital television and its divorce from Megatron, its interim results released on Thursday showed. 30 Dec 2016
- Topco Media
Standard Bank tables a power breakfast for women in retail
On Friday, 9 December 2016, Standard Bank and Topco Media brought close to 100 businesswomen together at the forefront of South African retail to unpack opportunities for success in the retail industry sector. 14 Dec 2016
Pinch: Credit sales at Shoprite Investments dropped for the first time since listing as consumers cut spending.
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Pinch: Credit sales at Shoprite Investments dropped for the first time since listing as consumers cut spending. Picture: BDlive/Freddy Mavunda
The lending arm of Africa's largest retailer sees a decline in credit sales for the first time since listing. 9 Dec 2016
Bernie Brookes
Picture: [https://www.businesslive.co.za/bd/companies/retail-and-consumer/2016-11-23-edcon-aims-to-win-hearts-and-reap-rewards-in-peak-season/ BDlive]]
Bernie Brookes Picture: [https://www.businesslive.co.za/bd/companies/retail-and-consumer/2016-11-23-edcon-aims-to-win-hearts-and-reap-rewards-in-peak-season/ BDlive]]
Edcon says it has implemented targeted initiatives for the peak season in a bid to lure customers back through its doors. 23 Nov 2016
Graham O’Connor.
Picture:
Graham O’Connor. Picture: Financial Mail
Spar Group has reported a 12% surge in full-year operating profit, largely defying the malaise in the local retail sector and the Brexit-inspired dip in Europe's consumer confidence. 17 Nov 2016
A Spar store in Rosemount, South Africa.
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A Spar store in Rosemount, South Africa. Picture: BDlive
Expansion into Switzerland helped grocery chain Spar grow revenue 24.5% to R92.2bn and attributable profit 27.7% to R1.8bn in the year to end-September, it reported on Wednesday morning. 16 Nov 2016
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