Retailers News

Bernie Brookes. Image via Business Day

Edcon officially belongs to its creditors with effect from 1 February, after it convinced senior lenders to accept a shareholding in the company, restructured its debt and made changes to the structure. 3 Feb 2017

Isaacgerg via Wikimedia

Minority shareholders in Steinhoff and Shoprite remain unconvinced of the benefits of a proposed merger between the companies. The share prices of both are still trading below the levels at which they were in early December before the deal was flagged. 1 Feb 2017

Garth Napier has been appointed managing director of retail chain Pepkor Africa, reporting to the Pepkor Africa Group MD, Leon Lourens. 1 Feb 2017

Picture: Supplied

Promotional activity during Christmas drove consumer spending at beauty and health-care retailer Clicks, despite aggressive discounting elsewhere in the retail sector. 27 Jan 2017

Picture: Adrian Dennis

LONDON - Supermarket chain Tesco, Britain's biggest retailer, announced Friday it has agreed to purchase food wholesaler Booker for £3.7 billion ($4.7 billion, 4.4 billion euros). 27 Jan 2017

Picture: Freddy Mavunda

The Lewis share price held up reasonably well on Wednesday despite the release of yet another grim trading update from a major retail group. 27 Jan 2017

Picture: Keara Edwards

Clicks enjoyed faster retail sales growth this Christmas than in 2015, it said in a trading update on Thursday morning. 27 Jan 2017

Although local retailers used the Black Friday phenomenon and rigorous promotions as best they could, the result was somewhat disappointing. 24 Jan 2017

Picture: Supplied

A new food and product market will trade seven days a week in Regent Road in Sea Point, Cape Town. It will offer a hybrid mix of 40 designer retail stalls, a daily fresh goods market, a diverse weekly market, 15 food vendors, 3 bars and a live entertainment stage. 24 Jan 2017

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

Picture: Freddy Mavunda

Disappointed investors punish the clothing retailer and shoot down its share price by close to 5%. 18 Jan 2017

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. 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: 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

Picture: Freddy Mavunda

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

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

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: 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

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

Picture: BDlive

Retailer says exclusion of Boxing Day from first-half figures is partly to blame for lacklustre sales growth. 13 Jan 2017

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