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Retailers News

Builders Warehouse African expansion gains momentum with third store in Mozambique
Builders Warehouse embarked on its African expansion in 2011 and is about to open its seventh store on the continent and the third store in Mozambique on 12 April 2018 in Marginal. 11 Apr 2018
Clicks opens 500th pharmacy
Retail chain Clicks is celebrating the opening its 500th pharmacy at Clicks Park Station in Johannesburg. "Our focus is on offering affordable healthcare and convenience, with the long-term goal to expand the chain to 900 stores in South Africa, with a pharmacy operating in every store," said David Kneale, Clicks Group CEO. 6 Apr 2018
Exclusive Books Ballito Junction
Exclusive Books Ballito Junction
Exclusive Books CEO Benjamin Trisk is parting ways with South Africa's largest bookseller due to "a breakdown in the relationship among shareholders". 6 Apr 2018
How China is rebooting retail
The story of shops closing and the decline of retail has become a familiar one across the Western world. Giants such as Walmart and Macy's in the US, and Marks and Spencer in the UK have been forced to close stores amid falling sales. Toys 'R' Us is shutting up shop altogether in the US.

6 Apr 2018
Shirley Maltz, group CEO, HomeChoice.
Shirley Maltz, group CEO, HomeChoice.
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 partners with Absa to introduce Grocery Stokvel Account
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
Classism in South Africa: What's happening in our shops?
© Buena Vista Pictures.
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
Toys R Us and Babies R Us SA to present revamp of its high-tech Canal Walk store
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 packs up its playroom in the US
©Taina Sohlman via 123RF
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
Shoprite and France's Carrefour go toe-to-toe in Kenya
Kenya is turning into an interesting battleground between South African grocery chain Shoprite and French rival Carrefour. 15 Mar 2018
Rise of second-hand trading benefits buyers, sellers and the planet
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
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
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
Image credit : Business Day
Unlisted retail group Edcon has recorded a poor quarterly performance with a decline in sales and revenue. 9 Mar 2018
#SeamlessAfrica: An Afrocentric approach to store design
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
Change in VAT has retailers scrambling
©stokkete via 123RF
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: mess began in central Europe
Steinhoff chairwoman Heather Sonn said it appeared that the group's "accounting irregularities" related largely to its central European business. 2 Mar 2018
Walmart shares dive as e-commerce growth slows
©niloo138 via 123RF
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
The Crazy Store expands footprint in Botswana
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
Now Showing's Space Man pop-up showcases SAMW design talent
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
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