Christo Wiese, Shoprite's chairman and its largest shareholder, seems flabbergasted by the outcry over the retail giant's imminent R1.83bn payment to former CEO Whitey Basson in line with a buyback deal struck in December 2003. 3 Jul 2017
Swedish fashion chain H&M continued its winning streak in SA, growing interim sales 32% in rand terms. This far outpaced the growth of domestic players such as Mr Price Group, Edcon and TFG. H&M's performance suggests it also did better than foreign competitor Cotton On of Australia, which may close some of its stores in the country. 3 Jul 2017
Conventional wisdom has had it that luxury retail - including clothes, shoes and accessories - is immune to movements in the economy, especially the downward kind. But the casualties at the top end of the retail sector point to a marked decline in that market and analysts warn that this could be a continuing trend. 27 Jun 2017
At the recent South African Nursery Association (SANA) awards, Stodels Nurseries achieved a hat trick, winning the coveted Gold Medal for Nick Stodel, as owner of the nurseries, Young Retailer of the Year for Joseph Dzviti and Best Garden Centre in the Western Cape for the Belville branch. 23 Jun 2017
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Shares in Woolworths, once regarded as a recession-proof retailer, are trading close to three-year lows as the company finds itself stuck between SA's stalling economy, the cash-guzzling turnaround of its David Jones acquisition in Australia and an impending competitive onslaught from Shoprite, which is moving up-market. 22 Jun 2017
NEW YORK, US - Amazon's deal to buy Whole Foods Market injects even greater pressure into the food and grocery sectors at a time when e-commerce is already roiling retailers. 19 Jun 2017
Markus Jooste. Image credit: Financial Mail
Steinhoff's African and East European assets outperformed the group's operations elsewhere. The performance of the African assets, in particular, highlighted the case for a separate listing to unlock shareholder value. 12 Jun 2017
The concept of pop-up retail has soared in popularity over the last number of years. Done right, these temporary retail spaces can offer smaller companies a platform to test the market without hefty investment, solve the tangible disconnect between online stores and their customers, and regenerate the face of larger, more established brands. 9 Jun 2017
Global retailer Steinhoff reported on Wednesday that interim operating profit to end March rose 13% to 903m. Revenue grew 48% to 10.2bn. 8 Jun 2017
Mindful of hard economic times for its customers, Shoprite has introduced deli meals for R5 at stores across the country. These discounted convenient meals have been introduced to help consumers' money go further, especially amongst students. 8 Jun 2017
Lewis said on Monday that the National Consumer Tribunal had ruled in its favour in the matter involving the furniture retailer and National Credit Regulator regarding club fees and extended warranties. 6 Jun 2017
The National Credit Regulator has referred Mr Price Group to the National Consumer Tribunal for breach of the National Credit Act, following an investigation by the NCR, which revealed Mr Price has charged consumers a club fee on credit agreements. The National Credit Act does not permit the charging of a club fee on credit agreements. 2 Jun 2017
Image credit: Martin Rhodes via Business Day
Grocery chain Spar cut its interim dividend by 6% to R2.40 from the matching period's R2.55, despite growing revenue and profit. 1 Jun 2017
Credit: Freddy Mavunda via Business Day
Mr Price Group reported a drop in headline earnings for the first time in 16 years following a difficult year for South African consumers. But CEO Stuart Bird said on Tuesday there were significant opportunities despite the apparel retailer's poor showing in its full-year results. 31 May 2017
The outdoor gear retailer, Trappers, is celebrating its 40-year history of shifting from a ‘mom and pop' wholesaler to a national retail enterprise, outperforming the retail index. It also has a growth strategy to increase its chain exponentially within the next three years. 30 May 2017
Jewellery sales beat food sales for Taste Holdings during the year to end-February, and profits from its Arthur Kaplan and NWJ jewellery stores managed to mitigate losses contributed by Starbucks and Domino's Pizza. 30 May 2017
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
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