Fashion retailer Truworths International Ltd reported a 26.8% increase in annual profit on Thursday as Covid-19 lockdown restrictions eased in South Africa. 3 Sep 2021
Puma has reopened the doors to its store in Durban's Gateway Theatre of Shopping, following a significant refurbishment and extension that now makes it the largest Puma store in South Africa. 31 Aug 2021
Source: ReutersSiphiwe Sibeko
The Saltzman family, who founded pharmacy retailer Dis-Chem, has sold a portion of its shareholding in the company to a BEE consortium. 31 Aug 2021
Source: Massmart
Massmart is disposing of all its general merchandise Game stores in West and East Africa to stem losses in that struggling business, chief executive Mitch Slape said on Friday, after the Walmart majority-owned retailer reported a narrower half-year loss. 27 Aug 2021
Source: Reuters/Rogan Ward
Woolworths Holdings resumed dividend payouts on Thursday after its annual profit surged 212.5%, as the South African retailer continued to see signs of recovery from the Covid-19 fallout and benefited from Australian property sales. 26 Aug 2021
Source: Reuters/Siphiwe Sibeko
Pharmacy retailing chain Dis-Chem said on Tuesday its revenue was up 16.3% to R13bn in the 22 weeks to 6 Aug, compared with a year before. 25 Aug 2021
Adidas has launched a Women's Store in Cape Town, marketing the concept as a "fully-inclusive and highly-considered" premium shopping experience for women. 24 Aug 2021
South Africa's largest grocery retailer Shoprite Holdings said on Monday it is withdrawing from Uganda and Madagascar, adding to its growing list of African departures. 23 Aug 2021
Chief executive officer of Woolworths South Africa, Zyda Rylands, is stepping down from the role, effective from 30 September 2021. Woolworths will not retain the Woolworths South Africa CEO position as the retailer seeks to streamline its operating model. 23 Aug 2021
Mr Price Group said that sales and other income in the 18 weeks ended 7 Aug rose 48.8% to R8,6bn, supported by the recent acquisitions of Power Fashion and upmarket homeware business Yuppiechef. 23 Aug 2021
Source: Massmart
Massmart is selling its non-core food assets - including Cambridge Food, Rhino and Massfresh - to its rival Shoprite Holdings for R1,36bn to focus on businesses with high returns, the South African retailer controlled by Walmart said on Friday. 23 Aug 2021
The Shoprite Group has officially launched its digital business unit, dubbed Shopritex, and is also trialling a cashless, checkout-free Checkers Rush concept store at the new unit's office in Cape Town. 18 Aug 2021
Truworths International, the owner of Truworths, YDE and Identity, Uzzi and Earthchild, has opened 30 of the 57 stores that had been impacted directly during the civil unrest in Gauteng and KZN in July. 17 Aug 2021
Source: Reuters/Mike Blake
Scandal-hit South African retailer Steinhoff International said on Wednesday it was increasing its proposed lawsuit settlement offer by R3,21bn ($217m), taking the total to €1,43bn... 12 Aug 2021
After having approximately 10% of its stores damaged during last month's riots, Pepkor says it expects to have more than 350 of the more than 500 looted stores up and running by the end of September. 5 Aug 2021
Woolworths Holdings Limited (WHL) has announced its next set of Good Business Journey sustainability goals, which focus on traceability, transparency, circularity, diversity and inclusivity as well energy and carbon emissions. 29 Jul 2021
A total of 184 Spar Group stores - including 62 Tops liquor stores and 31 Build It stores - were impacted by varying degrees of looting and damage during the civil unrest that took place two weeks ago. One Spar truck was also lost in the violence. 26 Jul 2021
Rosebank Mall in Johannesburg will soon be home to the first Soko District, a new multi-brand retail concept that aims to re-tell the retail story. The shopping space will feature various brands across apparel, footwear, fashion accessories, food, babywear, furniture and homeware. 26 Jul 2021
South African retailer Pepkor Holdings reported on Friday a 13.9% rise in revenue for the nine months through June, rebounding from a low base in 2020 when it could hardly trade at all in some months due to lockdown restrictions. 23 Jul 2021
The civil unrest in South Africa last week had a significant impact on the Pick n Pay group's operations in the affected areas - particularly in KwaZulu-Natal - as a result of physical damage to property, looting of stock and an interruption to trade, Pick n Pay said in a shareholder update on Tuesday. 23 Jul 2021
Let's do Biz