Holdsport's share price closed 3% lower on Friday after the group reported difficult trading conditions in full-year results. 8 May 2017
In an unprecedented move, Shoprite/Checkers is being forced to repurchase R1.8bn worth of shares from former CEO Whitey Basson. The move, which will add about R144m to Shoprite's annual interest bill, has been slammed as a misalignment of interests between a company and one of its former top executives. 8 May 2017
BRUSSELS, Belgium - The EU said on Thursday that Amazon had bowed to its demands and agreed to drop clauses requiring e-book publishers to disclose information about their deals with the US retail giant's rivals. 5 May 2017
Image via Business Day
A ruling by the National Consumer Tribunal]] looks set to wipe out much of Edcon's R400m-a-year club-fee income. 4 May 2017
The National Consumer Tribunal handed down judgment against Edcon on Tuesday that the club fee charged by Edcon to its credit customers was unlawful and in contravention of the National Credit Act (NCA). 3 May 2017
On CNN Marketplace Africa aired late last week, Eleni Giokos interviewed Whitey Basson, former CEO of Shoprite, about how Africa's largest food retailer has grown over nearly four decades. 2 May 2017
Screengrab from the Clicks health hub.
Clicks has maintained its operating margins despite a heavy promotional market and depressed economy. 25 Apr 2017
Consumers spent less in Massmart's comparable stores in the first quarter of 2017, a trend that could continue into the rest of the year due to the constrained economic environment. 24 Apr 2017
New research from BMi Research reveals that South African consumers have expectations of the role they believe local manufacturers should play in softening the blow of current economic conditions on households' monthly grocery shop. 20 Apr 2017
Announcing its results for the year ended 26 February 2017; Pick n Pay achieved an 18% growth in headline earnings per share, a turnover growth of 7% and like-for-like growth of 3.4%. The group declared a final dividend of 146.40 cents per share, bringing the total dividend for the year to 176.30 cents. 20 Apr 2017
Retail was pumping in the early 2000s. Sales growth hit a record high of 15.50% in September 2006 and averaged about 12% a year from 2004 to 2007. 18 Apr 2017
The Crazy Store MD, Kevin Lennett.
The Crazy Store opens its 300th store today, 13 April 2017, at the Kyalami Corner Shopping Centre in Midrand. 13 Apr 2017
Walmart's new cuts will affect employees in the international division, its technology services division and in its Sam's Club business (AFP Photo/Scott Olson)
NEW YORK - Wal-Mart Stores is eliminating hundreds of corporate jobs in a cost-cutting move, a person familiar with the matter said Tuesday. 12 Apr 2017
Africa is falling off the immediate radar of local retailers after the region posted its slowest growth rate in two decades in 2016, and with the outlook for 2017 looking as unpromising, most companies are changing their focus from expansion to improving customer experience. 12 Apr 2017
McDonald's South Africa serves over a million breakfasts every month, meaning that its recent National Breakfast Day promotion was less about actively marketing this offering and more about saying thank you to loyal supporters. 6 Apr 2017
A five-week strike by workers who produce baked goods for Pick n Pay appeared to end on Monday. The Johannesburg workers concluded reconciliation talks with management, resolving a strike that had been ongoing since 28 February. 5 Apr 2017
Image credit: Kevin Sutherland via Business Day
NEWSWATCH: Pick n Pay has announced steep cuts to it popular Smart Shopper rewards programme, essentially halving the value of the cash rewards in the pursuit of personalisation. 4 Apr 2017
Retailer Verimark says headline earnings per share (HEPS) for the year ended 28 February are expected to be between 176% and 238% higher than the previous year, which it attributes to a combination of sales price increases and the strengthening of the rand. 4 Apr 2017
Amazon has postponed the opening of its first cashierless convenience store as it works out technical kinks in the payments system. 3 Apr 2017
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