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Retailers News

SA's big retail chains race to restock looted stores
South Africa's big retailers are working round the clock to replenish shelves with food in hundreds of stores looted [last] week in some of the country's worst unrest for years, they said on Friday. 19 Jul 2021
Two Mattress Firm stores, a brand owned by Steinhoff, are shown on either side of the street in Encinitas, California, US. Source: Reuters/Mike Blake
Two Mattress Firm stores, a brand owned by Steinhoff, are shown on either side of the street in Encinitas, California, US. Source: Reuters/Mike Blake
Scandal-hit South African retailer Steinhoff International said on Friday it was increasing its proposed offer to settle multiple shareholder claims by €243m ($287m) to €1,2bn ($1,4bn). The announcement sent its Johannesburg-listed shares up 12.66%, while its primary Frankfurt-listed shares jumped by 15.33%. 19 Jul 2021
South Africa is bloodied, not bowed - Pick n Pay CEO
South Africa is reeling from the devastation caused by the violent riots this past week, but Pieter Boone, who succeeded Richard Brasher as Pick n Pay's group CEO in April this year, has reassured affected communities that relief is on the way. 16 Jul 2021
Operation 'rebuild and restock' underway as unrest wanes
The intensity and frequency of riots eased on Thursday, and businesses and residents are in the throes of repairing the damage to property and clearing the debris that has resulted from days of looting, arson and vandalism in KwaZulu-Natal and parts of Gauteng. 16 Jul 2021
Residents count cost as South Africa looting starts to die down
A week of violence that has engulfed South Africa slowly began to ebb on Thursday, and people counted the cost of an orgy of arson and looting that has destroyed hundreds of businesses and killed at least 70 people. 15 Jul 2021
200 liquor stores looted, along with SAB and Heineken facilities
South Africa's liquor industry, including the South African Liquor Brandowners Association (Salba), the National Liquor Traders (NLT) and the Beer Association of South Africa (Basa) is urging government to declare a State of Emergency as more than 200 liquor shops have been looted in KwaZulu-Natal and Gauteng during the ongoing protests. 15 Jul 2021
Unrest leads retailers and malls to temporarily shut up shop
Multiple retailers and shopping centres in Gauteng and KwaZulu-Natal have limited their operations or closed their doors temporarily as civil unrest and looting continues. 14 Jul 2021
Source: © boggy22 -
Source: © boggy22 - 123RF
Yet another familiar fashion retailer is about to disappear from the British high street. The once-mighty Gap is the latest brand to pull down the shutters. 5 Jul 2021
New Under Armour brand house opens in Canal Walk
Apollo Brands, the official distributor of Under Armour in South Africa, unveiled its latest Under Armour speciality concept store located at Canal Walk in Cape Town. 2 Jul 2021
Refreshed brand and store design for Wellness Warehouse
South African health and well-being retailer Wellness Warehouse has opened three new-look stores, reflecting the company's recent brand refresh and offering an elevated in-store customer experience. The new-look stores are located at La Lucia and Westville Malls in Durban, and Somerset Mall in Somerset West. 2 Jul 2021
Steinhoff half-year earnings up 7% on value and furnishings demand
Steinhoff said its half-year core earnings rose by 7%, as demand for value lines and a focus on home furnishings offset the impact of pandemic restrictions. 25 Jun 2021
If Amazon buys Morrisons, it could be a win for consumers and a major threat to other supermarkets
The share price of UK supermarket group Morrisons has jumped by over 30% after a US private equity firm made an offer to buy it for £5.5bn. The bid by Clayton, Dubilier and Rice, which is being advised by former Tesco chief executive Terry Leahy, was rejected as Morrisons believes the business is worth more. But there is speculation that it may prompt others to bid - including Amazon. 24 Jun 2021
Inside Sandton's new luxury beauty destination Arc
Luxury beauty destination, Arc, has opened the doors to its first store in South Africa. Located in Sandton City, Johannesburg, the 500m2 flagship houses top local and global brands in luxury makeup, skincare and fragrance, including Chanel, Dior, La Mer and Guerlain. 23 Jun 2021
New-look stores for luxury fashion reseller Luxity
South African luxury fashion reseller Luxity has opened two new high-end boutique stores at Nelson Mandela Square in Sandton and Menlyn Maine shopping precinct in Pretoria. 23 Jun 2021
Source:
Source: Massmart
Massmart, the owner of Makro, Game and Builders Warehouse, says its localisation drive is bearing fruit with visible benefits being experienced by both the group as well as an increasing number of local suppliers. 22 Jun 2021
Adidas shares glimpse of immersive new Sandton flagship
Adidas South Africa will be opening the doors to its new 1,000m2 flagship store in Sandton City on 25 June. 18 Jun 2021
Zara's latest store concept is coming to Cape Town
Fashion retailer Zara is currently refurbishing and enlarging its flagship store at Victoria Wharf Shopping Centre in Cape Town in order to make it the brand's newest concept store in South Africa, offering a fully integrated experience with zara.com. 15 Jun 2021
TFG plans tech hiring spree after sliding to a loss
South Africa's largest fashion and lifestyle retailer TFG wants to build up its newly launched tech hub to more than 100 new staff, its chief executive said on Thursday, after the company swung to an annual operating loss. Many firms have been expanding digital and e-commerce services as the coronavirus crisis drives more business online. 11 Jun 2021
Century-old CNA enters business rescue
CNA, South Africa's 125-year-old books and stationery retailer, has been placed into business rescue, its management team confirmed on Monday. 9 Jun 2021
Shoppers are pictured at a David Jones department store in Sydney, June 20, 2014. Reuters/Jason Reed/File Photo
Shoppers are pictured at a David Jones department store in Sydney, June 20, 2014. Reuters/Jason Reed/File Photo
Australia's David Jones Food is exiting its pilot convenience partnership with BP as its South African owner Woolworths Holdings seeks to reverse a "fairly flawed" strategy that led to losses in the Australian market. 4 Jun 2021
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