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Retailers News

Woolworths forges ahead with digital strategy
Woolworths is investing confidently in its digital strategy, as global retail trends reveal steady growth in online shopping and tech-savvy instore customer experiences. 15 Nov 2017
UK regulator clears Tesco's £3.7bn Booker takeover
LONDON, UK - Britain's competition regulator has given the green light to supermarket giant Tesco's 3.7-billion takeover of wholesaler Booker, it said Tuesday. 15 Nov 2017
Lewis sells more furniture, but more of it is on credit
©diego cervo via 123RF
The proportion of furniture Lewis sold on credit in the first half of is financial year widened to 68.8% from 63.4% in the matching period, helping it grow merchandise sales 5% to R1.3bn. 14 Nov 2017
Choppies wraps up purchase in KZN
Botswana-based retailer Choppies has completed the acquisition of KwaZulu-Natal's Arizona Wholesalers and Butcheries, adding to its 71-strong retail footprint in SA. 6 Nov 2017
Doug Murray
Doug Murray
TFG plans to introduce one of its own brands into the Australian market after acquiring menswear company Retail Apparel Group (RAG) earlier in 2017, says CEO Doug Murray. 3 Nov 2017
Clicks targets 900 stores after ace results
Clicks Group plans to grow its retail footprint to 900 stores across the country after a stellar performance in its pharmacy and beauty divisions for the year to August. On Thursday, the retail-led healthcare group posted a 15.4% rise in operating profit to R1.8bn, driven by strong health and beauty sales that grew 14.7%. 30 Oct 2017
Pick n Pay Constantia flagship gets a modern revamp
Pick n Pay revealed its revamped flagship store in Constantia Village on Tuesday morning, which includes an attractive Knead Bakery coffee shop, olive bar and juice bar, and a refreshed range of products. 30 Oct 2017
Image credit: Keara Edwards via Business Live
Image credit: Keara Edwards via Business Live
Retail group Clicks provided some backing for the "lipstick index" theory in its results released on Thursday morning. 26 Oct 2017
Pick n Pay cuts prices of 500 essential items ahead of Christmas
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 opens second store in Zambia
© HONGQI ZHANG via 123RF
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
Nozinga Market launch begins Western Cape expansion of spaza modernisation programme
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
RMB Ventures, Investec Asset Management acquire stakes in Botswana-based retailer
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 sets its sights on richer consumers with UFO deal
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
Retailer slams bank charges
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
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
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
Sears closing stores in Canada
©niloo138 via 123RF
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
Deacons East Africa to negotiate sale of Mr Price to SA retailer
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 launches NeoChef oven
LG has introduced the NeoChef oven, combining a convenient design, minimalism and the latest Smart Inverter technology from LG Electronics. 4 Oct 2017
Makro workers picket in Port Elizabeth
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
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