Unlisted retail group Edcon has recorded a poor quarterly performance with a decline in sales and revenue. 9 Mar 2018
In the search to become 'more than a store', retailers in Africa need to put their customer at the heart of the operation, says Frans van der Colff, an independent retail consultant who previously occupied a role as director for Africa and international at Food Lover's Market Group. 9 Mar 2018
A month before higher value added tax (VAT) rates take effect, retailers are scrambling to adjust their systems and ensure compliance. 5 Mar 2018
Steinhoff chairwoman Heather Sonn said it appeared that the group's "accounting irregularities" related largely to its central European business. 2 Mar 2018
NEW YORK, US - Investors pummeled Walmart shares on Tuesday after the retail behemoth reported disappointing fourth-quarter earnings in results that revealed growing pains in its e-commerce buildout. 21 Feb 2018
Six months after opening its first store in Phakalane, discount variety retail chain The Crazy Store has opened its second branch at Game City Shopping Centre in Gaborone. 21 Feb 2018
In keeping up with its standard for retail innovation and interactive shopping as the new normal, the third instalment of Now Showing has launched with a +Space Man pop-up store. 19 Feb 2018
The Competition Tribunal has dismissed Massmart's complaint that Shoprite Checkers, Pick n Pay and Spar were taking part in anticompetitive behaviour through exclusive leases with shopping-mall landlords. 14 Feb 2018
Italtile saw trading profit leap as turnover soared in the six months to December 2017, despite consumer sentiment in SA being "by and large down". 8 Feb 2018
Director and chairman of Steinhoff's audit committee, former ABSA CEO, Steve Booysen on Wednesday recounted the dramatic discovery on 5 December of the alleged accounting irregularities which have rocked the group and led to the resignation of former CEO Markus Jooste. 1 Feb 2018
Image credit: Financial Mail/Jeremy Glyn
The global retail group Steinhoff is reeling under allegations of accounting fraud. Since the allegations surfaced last year the CEO of the multi-billion dollar business, Markus Jooste, has fallen on his sword and the company's stock has been hammered, at one point losing about 90% in market value in a few days. 31 Jan 2018
NEWSWATCH: Swedish clothing retailer H&M has recalled a line of children's socks after complaints from shoppers that a pattern on them appeared to resemble the word Allah written in Arabic. 30 Jan 2018
Woolworths CEO Ian Moir. Image credit: Financial Mail
Analysts are divided on whether Woolworths CEO Ian Moir should fall on his sword after the retailer was forced to impair the value of its Australian department store chain, David Jones, by nearly R7bn. 29 Jan 2018
Two of the directors of Steinhoff - Sanlam chairman Johan van Zyl and accounting expert Len Konar - say former CEO Markus Jooste "misled" the furniture retailer's board. 29 Jan 2018
Woolworths said on Wednesday it had impaired the value of Australian department store chain David Jones by nearly R7bn, or about a 10th of the South African retailer's total market capitalisation. 25 Jan 2018
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
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