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Retailers News

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Image credit: Sunday Times
Steinhoff International CEO Marcus Jooste resigned on Tuesday night, ahead of the furniture retailer's results scheduled for release on Wednesday. 6 Dec 2017
Philip Morris opens first South African retail boutique
Tobacco company Philip Morris International (PMI) has opened its first South African boutique store at the V&A Waterfront in Cape Town, which will serve as the primary retail space for the company's smoke-free tobacco product, IQOS. South Africa is the fourteenth country where PMI has established a bricks-and-mortar retail presence for the device. 5 Dec 2017
Uncertainty in store for retail
As with other retailers at this stage in the uncompromising economic environment, the results of Spar Group reflect "the weak state of consumer buying power and confidence", the company laments. 4 Dec 2017
Woolies in eye of storm - chairman
Woolworths chairman Simon Susman told shareholders at Tuesday's annual general meeting that the board was confident of the group's Australian strategy. "We believe in the strategy and we believe in Ian [Moir, the CEO] and his team, but we are in the eye of the storm," said Susman. 29 Nov 2017
Shoprite celebrates its standout suppliers
Shoprite's most innovative and reliable suppliers were honoured recently at the retailer's 2017 Supplier of the Year Awards. 29 Nov 2017
A look back at Black Friday
Black Friday saw scores of consumers queuing from the early hours of the morning to take full advantage of a range of specials, from gadgets to clothing and household contents. 27 Nov 2017
US stores get creative to battle e-commerce
NEW YORK, US - The photo op with Santa Claus has long been a holiday mainstay for American children. But this year, shopping malls in several states are scheduling glamour shots for man's best friend. As the Christmas shopping season kicks into high gear on Black Friday, the day after Thanksgiving, portraits of St. Nick with a family's beloved dog are just one way retailers are looking to attract customers in the face of exploding e-commerce. 24 Nov 2017
Gareth Ackerman on Pick n Pay's growth story
On the most recently aired episode of CNN Marketplace Africa, Gareth Ackerman, chairman of Pick n Pay Stores Ltd, shared his experiences with the company and what's in store for the brand in the future. 21 Nov 2017
Local retailers pin hopes on Black Friday sales
Despite a dire political and economic environment, retailers are upbeat about Black Friday sales and Christmas spending. 21 Nov 2017
Weylandts reveals new concept store in Sandton City
Furniture and homeware retailer, Weylandts, has entered the shopping mall environment with its new concept store launched in Sandton City. 21 Nov 2017
Doubts on TFG and Truworths
Clothing retailers Truworths and The Foschini Group (TFG) have long been mainstays of the domestic fashion scene. For years, Truworths was a front runner in the sector, with strong operational performance and world-class metrics making it a standout performer. But things have shifted. 21 Nov 2017
Retailers to watch this Black Friday, Cyber Monday
Retailers and consumers alike are readying themselves for snaking queues and extended shopping hours in-store and online this Black Friday, falling on 24 November this year. Known as the biggest shopping occasion in the Western world, it has picked up steam in South Africa in recent years, presenting an opportunity for consumers to save on Christmas shopping and allowing retailers to boost sales and move stock before the festive season hits. 20 Nov 2017
Bottle stores help Spar counter slowing grocery sales growth
Double-digit liquor sales growth outweighed lower grocery sales for Spar in the year to end-September. 17 Nov 2017
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
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