Kamoso, a Botswana-based retailer and consumer goods company, was acquired by a consortium that includes Investec Asset Management Private Equity, RMB Ventures, local partners and Kamoso's senior management team. The transaction is believed to be Botswana's largest ever private-equity investment. 24 Oct 2017
Lewis Stores is acquiring the United Furniture Outlets (UFO) chain for R320m, the JSE-listed furniture retailer said on Thursday morning. Lewis will buy the 30-store chain for cash from its founder Philip Glick, manager Michael Yapanis, and investors Martini Enterprises Group and LFC Trust. 20 Oct 2017
Pick n Pay chairman Gareth Ackerman has slammed South African bank charges, which he describes as excessive and in many cases, more than double European benchmarks. 18 Oct 2017
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Despite its warnings that its staff reduction programme would cause headline earnings to fall, Pick n Pay posted an impressive 15% growth in after-tax profit and raised its interim dividend by 12%. 18 Oct 2017
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Verimark - the company behind Bauer pans and Shogun knifesets - is betting on its "best Christmas ever" after introducing a raft of new products. 16 Oct 2017
OTTAWA, Canda - Sears said Tuesday it will seek court approval to liquidate all of its remaining Canadian stores, marking the end of an iconic department store. The company said in a statement that it would make the application to the Ontario Superior Court on Friday. 12 Oct 2017
NAIROBI, Kenya - Deacons East Africa Plc has received board approval to enter into negotiations for the sale of the Mr Price franchise in Kenya. The move comes after Mr Price Group Limited approached Deacons EA with a proposal to purchase the franchise. 10 Oct 2017
LG has introduced the NeoChef oven, combining a convenient design, minimalism and the latest Smart Inverter technology from LG Electronics. 4 Oct 2017
About 150 workers at the only Makro store in the Eastern Cape are on strike. The strike, by about 150 members of the South African Commercial Catering and Allied Workers Union (SACCAWU), began in Port Elizabeth on 22 September. 2 Oct 2017
Aligning your team members to your desired culture is not about forcing them into a mould; it's about inspiring them to actively participate in the journey that delivers on your brand promise. The more aligned their purpose is to the company purpose, the greater the possibility for fulfilment and growth for all. 2 Oct 2017
SAN FRANCISCO, US - Ikea on Thursday announced a deal to acquire on-demand help startup TaskRabbit as the world's largest furniture retailer grabbed a seat in the online sharing economy. 29 Sep 2017
Shoprite Delft
The Shoprite Group opened 14 new stores across six provinces this week, creating more than 820 new job opportunities. 29 Sep 2017
Retail is a fast-paced, cut-throat industry; businesses that are not meeting their customers' needs as and when they require, can quickly find themselves sidelined, while more responsive and innovative competitors fill the gap. In South Africa, which is currently a low growth market, the above challenges are being felt acutely by retailers. 27 Sep 2017
Pick n Pay's newly launched Store Account allows its customers the option of purchasing groceries on credit. According to the retailer, there is no charge for opening a Store Account, and customers face no transaction charges, admin fees or joining fees. Monthly account fees are R10 for active users, but there will be no fee if the account has no balance and is not used in that month. 26 Sep 2017
Pick n Pay said on Monday it was unlikely to roll out the Bitcoin payment platform until there was a regulatory framework for managing risks associated with cryptocurrencies. 20 Sep 2017
Amic Trading, the licence holder for Toys 'R' Us Southern Africa, says it will be unaffected by the bankruptcy declaration by Toys 'R' Us in the US and Canada, and expects to open seven new stores in the next three months. 20 Sep 2017
NEW YORK, US - Retailer Toys 'R' Us has filed for Chapter 11 bankruptcy protection in a US court, the company said, amid heavy debt and a tough environment for brick-and-mortar stores. The chain which sells toys and baby products in the United States as well 38 other countries and jurisdictions joins other traditional retailers that are struggling to compete with the likes of Amazon. 19 Sep 2017
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Steinhoff International said on Friday it had raised at least R15.4bn for its African retail assets, which it plans to list separately on the JSE on Wednesday. 18 Sep 2017
Retailers in South Africa operate in an extreme social environment. On one hand there's social unrest and on the other, customers are splurging R600,000 on a bottle of whiskey. This kind of market demands a plethora of responses from retailers in terms of how they service consumers that have such dramatically different realities. 12 Sep 2017
Amazon is not wasting time in its acquisition of Whole Foods. Speed of execution, after all, is at the essence of the tech giant's business model. 8 Sep 2017
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