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Retailers News Africa

#FestiveTogether: Game encourages kindness through Twitter Mosaic
Leading retailer, Game, is looking to change up the narrative on Twitter this festive season by encouraging people to share kindness with their friends and family through its Compliments of the Season campaign. Using a Twitter Mosaic, the retailer is asking people to tag someone on Twitter with a compliment and spread some festive cheer. 17 Dec 2021
Workers disgruntled over low wages and changes to terms and conditions of employment, go on strike outside a Makro store in Johannesburg on 19 November 2021. Source: Reuters/Sumaya Hisham
Workers disgruntled over low wages and changes to terms and conditions of employment, go on strike outside a Makro store in Johannesburg on 19 November 2021. Source: Reuters/Sumaya Hisham
Thousands of striking workers at companies under Massmart Holdings in South Africa, which is owned by Walmart Inc, will return to work after reaching an agreement over disputes, a labour union said on Monday. 7 Dec 2021
- Ecentric Payment Systems
Breaking through refund fraud
Virtually all South African retailers offer their customers a period within which the customer may return items purchased. Whilst the Consumer Protection Act prescribes flexibility to consumers wishing to return goods that meet the conditions set out in the Act, it is also considered good practice by retailers to accept customer returns. As much as retailers' customer returns mindset is geared at building lasting relationships with consumers, it is regrettably also an area where shrinkage is unavoidable. (Shrinkage is the term used for any financial loss the retailer incurs during the items returned and refund process.) 3 Dec 2021
- Irvine Partners
Shoppers urged to make necessary purchases this Black Friday
It's that time of the year when shopping paves the way for the festive season - and, as tradition has it, shoppers are searching for the best specials. According to the recent Finder.com's Black Friday Shopping Report, roughly three quarters (74%) of South African adults will shop on Black Friday - provided the price is right. 26 Nov 2021
Checkers launches neighbourhood stores, dubbed Checkers Foods
Shoprite Group has launched smaller-format Checkers supermarkets, called Checkers Foods, catering to growing demand from customers for Checkers stores in their neighbourhoods. 26 Nov 2021
Source: Reuters/Siphiwe Sibeko
Source: Reuters/Siphiwe Sibeko
Mr Price posted on Thursday a 34.4% rise in half-year earnings, boosted by acquisitions and marking a rebound from a low base in 2020 when it was affected by virus-related lockdowns. 25 Nov 2021
Checkers launches standalone baby store
Checkers is opening its first standalone Little Me store in Drakenstein, Western Cape, which will stock a range of popular baby brands, including maternity wear exclusively designed and manufactured by local supplier, Cherry Melon. 23 Nov 2021
Source: Getty
Source: Getty
Spiralling shipping costs and Covid-19 supply chain disruptions are accelerating a shift by South African retailers to end their heavy reliance on Asia and move to source products locally. 22 Nov 2021
Massmart workers commence indefinite strike
Thousands of workers, disgruntled over low wages and changes to terms and conditions of employment, went on strike on Friday at companies owned by Massmart in South Africa, the South African Commercial Catering and Allied Workers Union (Saccawu) said. 19 Nov 2021
The Cross Trainer launches first flagship store
Sportswear retailer The Cross Trainer has opened the doors to its first flagship store, located at the V&A Waterfront shopping mall in Cape Town. 19 Nov 2021
Inside's Zara's new concept store in Cape Town
Zara has opened the doors to its newly revamped store at the V&A Waterfront shopping centre in Cape Town. 18 Nov 2021
Source: Reuters/Siphiwe Sibeko
Source: Reuters/Siphiwe Sibeko
Woolworths Holdings expects first-half profit to fall by more than 20% due to extended lockdowns in Australia and civil unrest at home, the South African retailer said on Wednesday, sending its shares down more than 6%. 18 Nov 2021
Grocer Spar sees slower turnover growth as civil unrest, Covid-19 weigh
South Africa's Spar Group reported on Wednesday a marginal rise in its annual profit and a slower turnover growth of 2.9%, weighed down by lockdown restrictions across all its markets as well as the impact of the civil unrest at home. 17 Nov 2021
Source: Reuters/Siphiwe Sibeko
Source: Reuters/Siphiwe Sibeko
Workers will start an indefinite strike on Friday at all group companies owned by Walmart-led Massmart Holdings in South Africa, their union said, creating another problem at the retailer struggling to turnaround. 16 Nov 2021
TFG to beef up local manufacturing
Fashion retailer TFG wants to locally manufacture 30 million pieces of clothing a year within four years as it increasingly turns away from global supply chains, its CEO said after the company swung to a half-year headline profit. 12 Nov 2021
TFG returns to profit, resumes dividend
©Vladyslav Starozhylov via 123RF
South African fashion and lifestyle retailer TFG swung to a half-year headline profit, it said on Thursday, as it recovered from Covid-19 restrictions which forced store closures across its markets. 11 Nov 2021
SA retailers throw their hats into the ring this Singles' Day
While Black Friday has entrenched itself as a firm fixture on the retail calendar in South Africa, Singles' Day is inching its way onto the local promotions scene with a growing number of retailers driving sales activities around the event. 10 Nov 2021
Source: Reuters/Siphiwe Sibeko
Source: Reuters/Siphiwe Sibeko
Dis-Chem Pharmacies Ltd reported a 35.3% jump in half-year earnings on Wednesday, helped by pent-up demand for medicines and vaccines after the easing of pandemic lockdowns. 4 Nov 2021
Source: Massmart
Source: Massmart
Doug Jones, the senior vice president and CEO for Massmart Wholesale, has resigned to pursue a job opportunity in Sydney, Australia, Massmart announced in a trading update on Tuesday. 4 Nov 2021
Source: Reuters/Siphiwe Sibeko
Source: Reuters/Siphiwe Sibeko
Shares in Massmart rose just over 4.5% on Tuesday after the retailer reported higher nine-month comparable store sales and progress towards a cost savings target under its turnaround plan. 2 Nov 2021
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