Analysts warn that 2018 is going to be a challenging year for retailers in general, but they expect food and grocery retailers to hold their value despite a tough macroeconomic environment. 19 Dec 2017
STOCKHOLM, Sweden - Swedish clothing giant Hennes & Mauritz on Friday said sales fell below expectations in the fourth quarter and it would close more stores as customers increasingly prefer to shop online. 18 Dec 2017
Markus Jooste. Image credit: Financial Mail
The fall of Markus Jooste, the now-disgraced former CEO of Steinhoff, has badly rattled his legion of disciples. 18 Dec 2017
South African billionaire, Christo Wiese, has resigned as chairperson of Steinhoff's supervisory board in the midst of an accounting scandal that has left the retail group's reputation in tatters. 15 Dec 2017
Even though Christo Wiese has taken the helm as the interim CEO and is trying to stabilise the ship through the storm, Steinhoff faces the threat of becoming the biggest bankruptcy in South African corporate history. 12 Dec 2017
Markus Jooste, the billionaire face of South Africa's biggest ever corporate scandal, grew up in the world of horse racing and gambling. [Last] week his own bets turned to dust as he was forced to resign as CEO of Steinhoff International hours before R194-billion of value - almost its entire market capitalisation - in the company he founded was sensationally wiped out. 11 Dec 2017
Steinhoff International's share price continued to plummet in heavy trade on Wednesday as fears mounted of long drawnout investigations by regulatory authorities in Europe, the US and locally in SA. 7 Dec 2017
Steinhoff International CEO Marcus Jooste resigned on Tuesday night, ahead of the furniture retailer's results scheduled for release on Wednesday. 6 Dec 2017
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
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
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's most innovative and reliable suppliers were honoured recently at the retailer's 2017 Supplier of the Year Awards. 29 Nov 2017
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
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
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
Despite a dire political and economic environment, retailers are upbeat about Black Friday sales and Christmas spending. 21 Nov 2017
Furniture and homeware retailer, Weylandts, has entered the shopping mall environment with its new concept store launched in Sandton City. 21 Nov 2017
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 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
Double-digit liquor sales growth outweighed lower grocery sales for Spar in the year to end-September. 17 Nov 2017
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