South African fashion retailer Truworths International Ltd reported a 32.2% increase in half-year profit on Thursday, sending its shares up more than 8% as its business recovered to pre-pandemic levels due to eased restrictions. 18 Feb 2022
Source: Spar
In a trading update for the 18 weeks to end January 2022, retailer Spar announced that its consumer-facing e-commerce delivery platform Spar2U will be available in Johannesburg in March 2022. 16 Feb 2022
After completing the Youth Employment Service programme with Shoprite in September 2021, Anelisa Mlondi was offered an employment contract by the retailer and now works as a cashier at Shoprite Kraaifontein. Source: Supplied
The Shoprite Group, South Africa's largest private sector employer with over 140,000 direct employees, created an additional 4,608 jobs during its past financial year, despite the effects of the lockdown and unrest on retail trade. 9 Feb 2022
JSE-listed Pepkor, which owns retail brands including Pep, Ackermans and Incredible Connection, has acquired Brazilian value retailer, Avenida, effective from 4 February 2022. Pepkor, which is Southern Africa's largest retailer by store footprint, plans to significantly grow Avenida's presence in Brazil. 3 Feb 2022
Choose and no queues. Source: Alamy Stock Photo/xiu bao
There have never been so many different ways to shop for groceries. The biggest chains offer customers a choice of vast superstores, smaller branches, and online options to buy from home. 2 Feb 2022
Pop megastar turned fashion and beauty mogul Rihanna has opened the doors to her first Savage X Fenty store, located at a shopping mall on Las Vegas. The new store is the first of five brick-and-mortar Savage X Fenty storefronts planned for opening in the US this year, as Rihanna expands the presence of her popular lingerie brand, which she co-owns with LVMH. 28 Jan 2022
Amazon will launch its first brick-and-mortar clothing store, dubbed Amazon Style, later this year in Los Angeles. 27 Jan 2022
Steinhoff CEO Louis du Preez. Source: Reuters/Mike Hutchings
The Western Cape High Court has approved Steinhoff's Section 155 global settlement proposal, the company confirmed on Monday, 24 January. If no appeals are lodged before 15 February, the €1.43bn (R25bn) settlement will become binding on all claimants. 25 Jan 2022
Source: Reuters/Mike Blake
Steinhoff's Supervision Board, which is trying to bring the affairs of the once-vaunted furniture company to an orderly close, has announced one further step in the process. 11 Jan 2022
Source: Faithful to Nature
Faithful to Nature is the first retailer in South Africa to become B Corp certified, for its commitment to social and environmental sustainability. With innovations like product transparency, sustainable packaging and carbon neutral delivery, the brand has been instrumental in introducing South African consumers to more natural, ethical and sustainable products and practices, and they continue to pioneer this movement in the country. 7 Jan 2022
Andy Bond, the chief executive of Steinhoff subsidiary Pepco Group, a fast-growing pan-European variety discount retailer, will step down from his role at the end of March 2022. The veteran retail executive's departure is due to health reasons, a Steinhoff Sens announcement stated. 6 Jan 2022
In the World Retail Congress' end of year review 2021 digital business transformation leaders at Publicis Sapient have defined the five core trends shaping the future of retail into 2022, along with what brands should focus on to become organisations that put shoppers first. 31 Dec 2021
Earlier this week South African retailer Massmart Holdings says its headline loss per share, the main profit measure in South Africa, will be at least 40% worse than the reported headline loss per share reported in 2020 of 426.8 cents. 24 Dec 2021
In one of the biggest UK retail deals for years, the Weston family of Selfridges & Co. has sold the British department store operator to a Thai conglomerate Central Group led consortium. 24 Dec 2021
Source: We are EGG
We are Egg customers now have the opportunity to sign up for and make purchases with a brand-new store card, powered by RCS. 21 Dec 2021
Frame Leisure Trading, parent company of sportswear retailer The Cross Trainer, has announced the passing of the retailer's general manager, Chris Bezuidenhout. 17 Dec 2021
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
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
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
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
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