Mr Price Group has announced plans to shut Nigerian operations due to weak economic growth and other difficulties, and will focus on its local South African business in "a more concentrated way". 29 Jun 2020
Popular South African retailer Game celebrates 50 years of trade this year. 26 Jun 2020
Fees charged by liquidators and business rescue practitioners, and the impact they can have on bottom line payouts to affected employees, came under the spotlight at Monday's meeting to consider a business rescue model for Edcon. 24 Jun 2020
To relieve some of the pressure on cash-constrained households, Pick n Pay says it will invest R500m to reduce the prices of essential and staple food items. 23 Jun 2020
While discussions and due diligences grind on over the sale of Edcon's crown jewels - Edgars and Jet, management and the business rescue practitioners (BRPs) had no choice but to proceed with the business rescue plan as conceived by joint BRPs Lance Schapiro and Piers Marsden and approved by Edcon creditors in early June. 18 Jun 2020
Stimulating economic recovery post the Covid-19 pandemic will be behaviour as opposed to time driven. Governments and brands will need to work hard to make consumers feel safe, physically, psychologically and financially, with trust the currency to make this happen. 15 Jun 2020
As part of our #LockdownLessons series, Bizcommunity is reaching out to South Africa's top industry players to share their experience of the current Covid-19 crisis, how their organisations are navigating these unusual times, where the challenges and opportunities lie, and their industry outlook for the near future. 29 May 2020
Apollo Brands has rolled out a host of new innovative ways for South Africans to shop Under Armour's range of performance wear, including virtual store walk-throughs and a corporate service that involves bringing a mobile Under Armour store to your office. 26 May 2020
More than 50 South African retailers have banded together to form the Mid-Sized Independent Retailers (MIR) Group. The task team has a limited mandate to deal with the survival of medium-sized non-essential retail tenants during the Covid-19 pandemic with the primary objective of avoiding the permanent closure of these businesses. 21 May 2020
Dis-Chem Pharmacies is set to acquire Baby City and its network of 33 stores from founder shareholders, the Aronoff family, for R430m. 15 May 2020
A statement by Anthony Thunstrom, chair of the National Clothing Retail Federation (NCRF) and CEO of TFG. 14 May 2020
The Shoprite Group will immediately cease the enforcement of exclusive lease agreements against other supermarkets in non-urban areas, and this will be phased out over five years in urban areas, the Competition Commission has announced. 13 May 2020
Major clothing retailers have welcomed the additional directives issued yesterday by Minister of Trade, Industry and Competition Ebrahim Patel, on the type of clothing, footwear and bedding which may be sold during the Level 4 lockdown. 13 May 2020
Pick n Pay chairman Gareth Ackerman confirmed today that the grocery retailer will refrain from enforcing exclusive lease agreements against smaller competitors within any shopping centre in which it trades. 12 May 2020
US luxury department store chain Neiman Marcus filed for Chapter 11 bankruptcy on Thursday. 8 May 2020
The Edcon group announced today that its board has passed a resolution authorising it to file for business rescue in the course of the next few days. 29 Apr 2020
Like most retail businesses, convenience stores (c-stores) have been impacted by the Covid-19 pandemic and have had to adjust their offering to meet the needs of their customers during lockdown. 29 Apr 2020
South African retailer Pepkor is supporting the fight against Covid-19 through a number of initiatives, including donating a portion of senior leadership's salaries to relief efforts and having its clothing manufacturing division produce face masks and surgical gowns. 23 Apr 2020
The lockdown in South Africa and many other countries around the world to limit the spread of the COVID-19 virus will put significant pressure on an already-strained global economy. 23 Apr 2020
Pick n Pay has introduced digital grocery vouchers, providing a safe and easy way to transfer funds to family, friends and others in desperate need of essentials during the Covid-19 pandemic. 21 Apr 2020
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