Retail and financial services provider, HomeChoice, is considering an equity raising to fund future growth. The business, which holds a market cap of R4.7 billion, is looking to accelerate its digital transformation, expand its product offering, enhance customer experience and grow its technology and logistics infrastructure. 28 Mar 2018
Pick n Pay and Absa have partnered to launch a new Grocery Stokvel Account to cater for groups saving for groceries or other store-bought essentials. 23 Mar 2018
Arguably one of the most feel-good movie shop scenes has to be in Pretty Woman when Julia Roberts' character returns to the shop where she was previously refused service and utters those famous words "You refused to serve me yesterday. You work on commission, right? Big mistake. Big. Huge! I have to go shopping now!" Don't we all wish we could have a moment like this when we are unfairly judged? 20 Mar 2018
Independent South African toy and baby products retailer, Toys R Us and Babies R Us, has made way for further expansion and advancements in the country. 19 Mar 2018
Toys 'R' Us Inc. is going out of business, shutting all of its 735 toy stores and Babies 'R' Us stores in the US after a failed turnaround. Approximately 33,000 jobs are expected to be affected by the liquidation. 16 Mar 2018
Kenya is turning into an interesting battleground between South African grocery chain Shoprite and French rival Carrefour. 15 Mar 2018
Trading in second-hand goods is as old as business itself - and now it's enjoying a rising new wave of popularity, to the benefit of both buyers and sellers, says Richard Mukheibir, CEO of Cash Converters Southern Africa. 14 Mar 2018
Image credit: Green Cross
Consumer brands giant AVI, which performed commendably in the half-year to end-December, is determined to reboot its footwear division. 13 Mar 2018
Shirley Maltz, CEO of HomeChoice Holdings. Picture: Hetty Zantman via Business Day
Listed household goods retailer and financial services group Homechoice is gearing up to improve its digital offering to further enhance sales. 12 Mar 2018
Image credit : Business Day
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
Let's do Biz
