In its inaugural impact report, the Cotton On Group has pledged to strengthen its commitment to sustainability and purpose-led business by setting goals for carbon neutrality, water & plastic reduction, ethical sourcing, and more. 7 Mar 2022
Fashion and lifestyle retail group TFG has entered into an agreement with Tapestry Home Brands (Tapestry), a prominent home furnishings group, to acquire the entire share capital of Tapestry for a cash purchase consideration of R2.35bn, representing around 5% of TFG's market cap. 7 Mar 2022
The World Retail Congress taking place in Rome, Italy in April will honour Stefan Persson, former chairperson and CEO of H&M, into the World Retail Hall of Fame. 4 Mar 2022
Over 10-million South African adults and almost three million children experience hunger each week in South Africa. Some 2.5 million adults and 600,000 children experience hunger almost every day. 4 Mar 2022
Source: Reuters/Mike Hutchings
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
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