JSE-listed Shoprite Holdings has, through its subsidiary Shoprite Checkers Propriety Limited, established a Black Economic Empowerment transaction through formation of the Shoprite Employee Trust. 18 May 2022
The "biggest and most important change in Pick n Pay for many years". That's how Pick n Pay Group CEO Pieter Boone has described the retail company's new four-year strategic plan revealed this week. 18 May 2022
Yuppiechef founders Andrew Smith and Shane Dryden have resigned, less than a year after the kitchen and homeware retailer was acquired by retail giant Mr Price Group for approximately R470m. 12 May 2022
In the past few months, South Africa has seen fuel prices and levies go up and down, leaving motorists in distress. Even today, the fuel price has decreased; but, what can be said about fuel retail business owners? The fuel industry is at a crossroads and operators are under pressure to move with the times and rethink their age-old strategies in order to create new capabilities and transform the way they run their operations. 10 May 2022
Source: Clicks Group
Clicks Group plans to invest R876m into its business for the current financial year. Of this capital investment, R565m will be spent on stores and R311m on IT systems and supply chain infrastructure, including solar installations at all Clicks and United Pharmaceutical Distributors (UPD) distribution centres. 29 Apr 2022
Source: Reuters/Siphiwe Sibeko
TFG, the owner of retail brands including Foschini, Markham and @home, has had 36 of its stores as well as a cloth warehouse damaged as a result of the severe flooding in KwaZulu-Natal recently. 26 Apr 2022
Britain's economy is losing steam as households face a tightening cost-of-living squeeze, according to data published on Friday which showed sliding retail sales and consumer confidence approaching all-time lows. 22 Apr 2022
Retail giant Mr Price has signed a R3.3bn deal to acquire a controlling stake in the Studio 88 Group, which operates fashion retail brands including Studio 88, SideStep, Skipper Bar and John Craig. 13 Apr 2022
Following Dis-Chem's R430m acquisition of Baby City in 2020, the baby product retailer is now fully integrated into the Dis-Chem Group and is sporting a brand refresh - including a new logo and corporate identity. 11 Apr 2022
FrontierCo Group, formerly known as New House of Busby, has launched a new outdoor destination retailer catering to adventure and travel-minded shoppers. 11 Apr 2022
The Shoprite Group has opened the doors to its first new format Checkers Foods supermarket in the Western Cape, located in the historic town of Franschhoek. The new foods-focused format was developed to cater to growing demand from customers for Checkers stores in their neighbourhoods. 4 Apr 2022
The last two years have been particularly challenging for the South African economy. Lockdowns imposed to limit and alleviate pressure on healthcare facilities and healthcare workers had the unintended consequence of causing economic turmoil. 30 Mar 2022
Bertina Engelbrecht, Clicks Group CEO (centre) at the opening of Clicks 800th store at Somerset Crossing Shopping Centre with (left to right) Vikash Singh (Clicks managing executive), Gift Jeffrey (Clicks area manager), Dhevan Pillay (Clicks chief store operations officer) and Musa Mkhwanazi (Clicks regional manager). Photo credit: Jaco Cilliers Photography.
Pharmacy, health and beauty retailer Clicks has opened the doors to its 800th store, located at Somerset Crossing in the Western Cape. The company aims to open between 25 and 30 new stores each year with an overall target of 900 stores situated throughout South Africa by 2026. 29 Mar 2022
The 17th Cleaver Awards recognised South Africa's best butcheries, following a tough 24 months for the red meat industry and the country's agricultural sector at large. 25 Mar 2022
Pick n Pay is the first big supermarket chain in South Africa to launch in-store 'vertical farm' displays to show customers a sustainable and locally-grown modern farming solution. The vertical farms will grow various lettuce leaves and herbs from seeds, right in Pick n Pay's fresh produce section. 22 Mar 2022
Steve Rowe is stepping down as chief executive officer of Marks & Spencer (M&S) after six years in the role and nearly 40 years working at the British multinational retailer. Rowe will be succeeded by two co-CEOs - Stuart Machin and Katie Bickerstaffe, who are currently M&S's joint chief operating officers. 14 Mar 2022
A wave of European and North American retailers and brands have suspended operations in Russia following the Federation's invasion of Ukraine and the imposition of sanctions. 11 Mar 2022
South Africa's largest grocery retailer Shoprite Holdings Ltd reported on Tuesday a rise of 25.5% in half-year earnings, and said it expects selling price inflation to move higher during the second half of its financial year. 8 Mar 2022
Source: Reuters/Siphiwe Sibeko
Game and Makro owner Massmart Holdings is eyeing R9.4bn in additional sales in the next five years through store expansion, the retailer said, after reporting a wider annual loss on Monday that sent its shares down more than 13%. 7 Mar 2022
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