PARIS, France - France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. 25 Jan 2018
Poundland, the UK discount store chain Steinhoff International acquired for 610m in July 2016, wants to divorce itself from its scandal-ridden parent via a management buyout, UK newspaper The Telegraph reported. 24 Jan 2018
The Clicks group delivered impressive growth in the 20 weeks to January, lifted by strong promotional offerings as it continues to show resilience in the tough economic climate. 23 Jan 2018
2018 started off with a social media outcry from netizens and consumers around the world who were offended by a blatantly racist advert produced by Swedish clothing giant H&M, which also has a retail presence in South Africa. Within days the global outcry against the advert flighted on the company's UK website quickly escalated into public demonstrations of outrage in South Africa, resulting in trashing of local stores and suspension of trade. 23 Jan 2018
SAN FRANCISCO, US - Online giant Amazon on Monday plans to open a convenience store in Seattle where hungry customers will be able to grab sandwiches and go, without having to wait in line or use a checkout. 22 Jan 2018
Image credit: Dean Hutton via Bloomberg
Massmart recorded muted growth for the year to December as it battled a weaker economy and stronger rand. 19 Jan 2018
Image credit: Freddy Mavunda
Mr Price outperformed other retailers in the three months to December, recording 8.3% growth in sales. 19 Jan 2018
With the continued growth and awareness of the convenience retail sector and the strengthening of its position as part of the traditional retail industry, organisations such as the National Association of Convenience Stores (NACS) are employing the expertise of convenience and fuel retailing industry professionals from around the world to discuss and debate international best practice on key trends and developments and rate best in class international retailers. 19 Jan 2018
TFG CEO Doug Murray
Retail group TFG - whose brands include Foschini, Markham and @home - enjoyed Christmas sales in 2017 that were 31% higher than the previous year's. 18 Jan 2018
Shoprite's non-South African supermarket division recorded negative growth for the six months to December, owing to the effect of lower commodity prices on and the depreciation of currencies of the countries in which the group operates. 18 Jan 2018
Image credit: Martin Rhodes
Former Shoprite Holdings CEO Whitey Basson says he vouches for the honesty of his friend and fellow Shoprite shareholder of many years, former Steinhoff chairman Christo Wiese, and will assist the collapsed furniture, apparel and home products retailer if he can. 17 Jan 2018
Woolworths share price fell as much as 9% to R57.64 on Monday morning after said its interim headline earnings per share (HEPS) were expected to fall as much as 17.5%. 16 Jan 2018
Image credit: Jessica Levitt via Times Live
Just as many South Africans were recovering from the drama caused by the Economic Freedom Fighters over the weekend, the red berets yet again stormed one of the biggest malls in the country, Mall of Africa in Midrand north of Johannesburg. 16 Jan 2018
Image credit: IOL
The Dutch Investors Association (VEB) says it has been approached by many South African-registered Steinhoff shareholders interested in participating in its class action against Steinhoff. 12 Jan 2018
Clothing and food retailer Woolworths is looking to bolster sales in the struggling Australian unit by adding the Balmain brand to its offerings. 11 Jan 2018
Exclusive Books fulfilled the dream of Carina Greyling of Kempton Park, Johannesburg, who had, according to her four children, listed being "locked inside an Exclusive Books for the night" as her top birthday wish. 8 Jan 2018
Steinhoff said after the JSE's close on Thursday that Ben la Grange had stepped down as finance chief to focus on shoring up liquidity within the beleaguered retailer, which said "significant near-term liquidity" was still needed. 5 Jan 2018
Dar es Salaam, Tanzania - Uchumi Supermarket Suppliers Union chairman Joseph Mlay has confirmed that the first batch of names who are owed by the supermarket chain has been released and awaiting for government tools to be appointed by Kenya government to release the funds. 3 Jan 2018
Credit ratings agency Moody's downgraded debt held by embattled South Africa-based home retail giant Steinhoff on Thursday and warned of further downgrades amid "increasing pressure" on the company's cashflow. 29 Dec 2017
At Christmas time, vacant shop spaces suddenly fill with new vendors selling decorations, small toys, gifts and calendars for the following year. Christmas markets seem to materialise out of thin air, and even online retailers set up shop on the high street. By the new year, these will all vanish without a trace. Yet for businesses, the pop-up store phenomenon is more than just a phase. 27 Dec 2017
Let's do Biz