Philip Morris South Africa (PMSA) has launched the first IQOS pop-up stores in Cape Town, for the sale of its smoke-free alternative to cigarettes. The IQOS stores are located at the V&A Waterfront and Canal Walk with roll-out of similar stores to Gauteng and Durban on the cards in the coming months. 22 May 2017
Image credit: Financial Mail
Furniture retailer Lewis warned shareholders on Wednesday that its earnings were expected to fall by as much as 66% - which appears to have been less severe than investors expected because its share price jumped 3% on Thursday morning. 19 May 2017
Carefully managed second-hand shopping is the shrewd choice in today's economy, as the real net wealth of South Africans declined by nearly 2% in 2016. 19 May 2017
Image credit: Financial Mail
Dis-Chem, the fast growing healthcare retailer that listed on the JSE late 2016, reaffirmed plans to open 200 stores in the next five years after making strong market share gains in the year to the end of February. 18 May 2017
Whitey Basson
Back in 2011, when critics got into a flap about the R595m that former Shoprite CEO Whitey Basson made when he exercised a chunk of the share options he'd received as part of his remuneration package, chairman Christo Wiese told the Financial Mail: "I would pay R1bn in the middle of the night for another Whitey." 15 May 2017
Small and family-owned retailers told public hearings on Tuesday of their struggle to conduct business in townships and rural areas, with national supermarket chains increasingly extending their reach into these previously underserviced regions. 11 May 2017
NEWSWATCH: The Competition Commission has launched a large investigation into South Africa's four largest retailers: Shoprite, Pick n Pay, Spar and Woolworths. Public hearings are currently underway in Cape Town following claims that the retailers in question have developed a chokehold on the market. 10 May 2017
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
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