Retail cannibalisation is becoming a significant feature in the domestic market and it is for this reason that Edcon is shutting down stores where it can, says CEO Bernie Brookes. 29 May 2017
Desperate to exit the commercial film industry, Jessica Bonin decided to carve a career out of her passion for tea and share the art of tea-drinking with the world. Lacking the funding to open her dream tea bar, Lady Bonin's Tea began operating in 2010 from a charming 1975 Jurgens caravan that travelled between markets and festivals. 29 May 2017
TFG has posted robust results, despite the tough economy, showing that its diversification strategy is paying off. It also announced the acquisition of 100% of Retail Apparel Group (RAG). In addition, with effect from 3 April 2017, the group has acquired 14 G-Star RAW franchise stores in Australia. 29 May 2017
Sales for diversified retailer Massmart Holdings in the first five months of this year were disappointing and no noticeable improvement was expected in the local consumer sector for the rest of this year, CEO Guy Hayward told shareholders at the group's annual general meeting on Thursday. 26 May 2017
NEW YORK, US - Online retail giant Amazon on Thursday opened its first brick and mortar bookstore in New York, selling a limited range of its highest-rated books and letting customers browse products as in times gone by. 26 May 2017
Former Massmart CEO Grant Pattison will replace Bernie Brookes as Edcon CEO in February 2018. 26 May 2017
South African discount retail chain, The Crazy Store, has expanded its footprint into neighbouring Botswana, opening an outlet in the expanding Gaborone suburb of Phakalane. 26 May 2017
Image credit: Lewis Group
Struggling furniture and household goods retailer Lewis Group will take advantage of poor sentiment for its stock by embarking on a share buyback exercise. 26 May 2017
Verimark CEO Michael van Straaten. Image credit: Financial Mail
Verimark has more than doubled its full-year profit after the direct retailer increased selling prices and a stronger rand kept a lid on the cost of imports. 24 May 2017
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
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