Retail group Clicks provided some backing for the "lipstick index" theory in its results released on Thursday morning. 26 Oct 2017
Pick n Pay is cutting prices on another 500 essential items and adding a host of promotions and deals in time for the festive season to ease the pressure on South Africans. It will also be offering savings of up to 20% on Pick n Pay branded products. 25 Oct 2017
Builders Warehouse has extended its roots in Zambia, opening a second store in the country last week, in the second largest city in Zambia, Kitwe. Builders Warehouse, part of Massmart Holdings, has 100 stores in South Africa and has launched six stores outside South Africa in Zambia, Botswana and Mozambique. 25 Oct 2017
Pick n Pay has expanded its partnership programme with independent spaza store owners to the Western Cape. The programme's first spaza to be opened in the region came with the launch of Nozinga Market in Gugulethu on Monday morning. The spaza conversion programme modernises spaza stores to meet the needs of the customers and communities, is helping to build a new generation of modern retail entrepreneurs. 24 Oct 2017
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
Image credit: Freddy Mavunda via Business Day
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
Image credit: Financial Mail
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
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