Fashion and lifestyle retailer TFG said on Friday it expects to have swung to a profit in the first half of the year as it recovered from Covid-19 restrictions which forced store closures across its markets. 2 Nov 2021
Adidas South Africa is opening its most sustainable retail space at the V&A Waterfront in Cape Town on Friday, 29 October. Taking inspiration from nature, the 478sqm Adidas concept store is centred around a biophilic design, aimed at bringing the outdoors inside. 28 Oct 2021
According to Salesforce, global online revenue will increase by 7% this year. In other words, between November and December, online buyers are expected to spend $1.2trn worldwide. While this is encouraging news for brands and businesses, consumers will pay a higher price. 27 Oct 2021
The way that we shop has changed. Nowadays, consumers are quick to turn to their mobile phones or laptops to grab the latest deal, order food online or pay for a service. The rapid uptake of digital services and a shift away from brick-and-mortar stores means that consumer expectations have increased. Retailers looking to capitalise on this year's Black Friday will need to ensure that they keep their customers happy. 25 Oct 2021
Speaking at the announcement of Pick n Pay's financial results on Wednesday, chairman Gareth Ackerman said the retailer is concerned that the Covid-19-related state of disaster is being "used by elements of government to address liquor policy issues without resorting to the constitutional processes". 22 Oct 2021
Clicks has opened its second standalone Clicks Baby store in Mall of Africa at Waterfall City, Midrand, following the launch of the concept in May at Gateway Theatre of Shopping in KwaZulu-Natal. 21 Oct 2021
The launch of standalone Jet Home stores commences on 28 October, with store locations that include Pritchard Street, Heidelberg Mall, Kenako Mall, East Rand Mall and N1 City. 21 Oct 2021
Rosebank Mall is currently home to the first Soko District, a curated retail space designed to showcase a bevy of small, local brands, and give them a platform to grow. 20 Oct 2021
Source: Reuters/Siphiwe Sibeko
Grocery retailer Pick n Pay reported a near 91% jump in half-year earnings on Wednesday, boosted by a strong first quarter as it recovered from last year's strict pandemic curbs. 20 Oct 2021
Source: Supplied
Sportswear retailer, The Cross Trainer, has stated its commitment to grow its store footprint in new areas in the country, stimulate job creation, and increase the number of collaborations with local designers. This is despite the retail chain having suffered significant losses during the civil unrest and looting that gripped South Africa in July. 12 Oct 2021
Source: Pick n Pay
In an earnings update shared on Thursday, Pick n Pay said that severe trading disruptions caused by restrictions on liquor sales and the civil unrest in KwaZulu-Natal and Gauteng in July resulted in an estimated R1,7bn in lost sales in the second quarter. 1 Oct 2021
South African fashion and lifestyle retailer TFG has acquired the local bedding, duvet and pillows brand Granny Goose and its associated manufacturer, Cotton Traders. 30 Sep 2021
Source: Supplied
Massmart retailer Game is continuing the rollout of its Retail Reimagined turnaround strategy, and unveiled its new-look Kenilworth Centre store in Cape Town on 23 September. 27 Sep 2021
The past year has been a year like no other. The impact of the pandemic on the world as we know it, has been staggering. While online shopping skyrocketed with consumers stuck at home, many shopping centres, malls and the like, were negatively impacted, with shoppers staying away from public areas as a result of apprehension or due to stringent lockdown regulations. 27 Sep 2021
Vikesh Ramsunder has resigned as chief executive officer of the Clicks Group, and will be replaced by Bertina Engelbrecht, who will be the first woman of colour to lead the company. 23 Sep 2021
Source: Shoprite Group
Majid Al Futtaim, a Carrefour franchise holder, has reached a deal to take over six stores in Uganda from South African retailer Shoprite, it said on Wednesday. 16 Sep 2021
Source: Clicks Group
The Clicks Group has said that its total South African Special Risks Insurance Association (Sasria) claim related to the civil unrest in July amounts to R726m, comprising loss of stock of R522m (carrying value of R334m), replacement of fixed assets of R182m (carrying value R61m) and other costs of R22m. 15 Sep 2021
The Covid-19 pandemic, and particularly the recent civil unrest, brought to light the indispensable role that businesses in the food retail chain play in keeping the nation fed and its wheels turning. 14 Sep 2021
On 1 August this year, Herman Venter stepped into the role of vice president at well-known building materials and home improvement retail chain Builders. 7 Sep 2021
Source: Reuters/Mike Blake
South African retailer Steinhoff International on Monday said it had gained approval for its proposed lawsuit settlement offer to claimants who lost money when it revealed holes in its accounts in December 2017. 7 Sep 2021
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