Pepkor has announced that its CEO Leon Lourens has opted to take an early retirement, effective 31 March 2023. He will resign as CEO and from the board on 30 September 2022 and will be available to Pepkor during his notice period until the end of March 2023 in order to facilitate the transition to the new CEO. 29 Aug 2022
Source: Supplied
US retail giant Walmart Inc, which owns a 53% majority stake in Massmart, has proposed to acquire the rest of its shares in the company in a deal valued at R6.4bn, the South African retail group has announced. 29 Aug 2022
Massmart's chief operating officer Jonathan Molapo has been promoted to CEO, succeeding Mitchell Slape who will step down on 31 December 2022, after taking up the role in 2019. 29 Aug 2022
Some Tunisian shops are rationing goods including cooking oil, sugar and butter, while big queues have hit petrol stations amid a fuel shortage as the government navigates a looming crisis in public finances. 29 Aug 2022
Source: Mr Price Group
Value fashion and homeware retailer Mr Price is testing standalone baby stores, in a push to gain a share of the growing and highly competitive baby care products market, starting with a store it launched this week. 26 Aug 2022
Natalie Wills thrives in the world of retail, inspired by the industry's opportunities for human connection and brand impact. 24 Aug 2022
Makro celebrates another spectacular milestone in retail excellence, convenience, and savings. The retailer, which is part of the Massmart Group, has been with the South African shopper for 51 years and plans to celebrate with great birthday giveaways worth R3m. 24 Aug 2022
In January this year, fresh produce retailer Food Lover's Market broke ground on its R100m investment in Bothasig, Cape Town, marking the start of construction at the new 3,000m2 standalone store that's pegged to uplift a critical link road site. 23 Aug 2022
Image supplied. Belinda Clur, managing director of Clur International, says we are living through a renaissance
Despite the harsh economic and social climate, the longer-term trend in trading densities (sales per square metre) in more than 100 shopping centres in South Africa and Namibia shows a clear improvement since the 2020/21 Covid-induced downturn in performance. 19 Aug 2022
US-based Authentic Brands Group, the owner of brands including Reebok and Forever 21, has acquired British fashion chain Ted Baker in a deal valued at £211m ($254.26m). 16 Aug 2022
Pick n Pay has introduced a new supermarket brand, dubbed Pick n Pay QualiSave, to the South African market. The brand has launched with the tagline 'Where lower prices look better' and Pick n Pay revealed that around 40% of company-owned supermarkets will be converted into Pick n Pay QualiSave stores. 15 Aug 2022
Source: Reuters/Siphiwe Sibeko
Massmart shares fell 6.34% after the South African retailer flagged a wider loss of up to R921.5m in the first half as surging prices for food and fuel prompted customers to cut back on discretionary purchases. 2 Aug 2022
Source: Reuters/Siphiwe Sibeko
Fashion and lifestyle retailer TFG reported a 16.3% rise in first-quarter turnover on Thursday, 28 July, as consumers coming out of the Covid-19 lockdowns splashed out on items to rejuvenate their wardrobes and homes. 29 Jul 2022
After a few years of slumping sales, Massmart-owned retailer Game has faith that the results of its comprehensive turnaround plan will heighten the brand's appeal among shoppers and deliver a healthier balanced sheet for the group. 29 Jul 2022
Source: Reuters/Siphiwe Sibeko
Supermarket retailer Pick n Pay pledged to continue to bear down on prices to help cash-strapped shoppers, as it reported a 10.7% sales rise in the 18 weeks to 3 July. 26 Jul 2022
Source: Reuters/Siphiwe Sibeko
South Africa's biggest grocer Shoprite Holdings has reported a 9.6% increase in annual sales as cash-strapped shoppers looked for value at its discount stores. 26 Jul 2022
Source: Reuters/Siphiwe Sibeko
Fashion and grocery retailer Woolworths Holdings said on Tuesday, 26 July, that annual turnover rose by 1.4%, helped by an improved second half of the year as lockdown restrictions eased, especially in Australia and New Zealand. 26 Jul 2022
Swedish retail giant H&M Group has initiated a process of winding down operations in Russia, after pausing all sales in the country in March following Russia's invasion of Ukraine. 19 Jul 2022
Nike has launched its latest retail concept, dubbed Nike Style, in Seoul, Korea, designed to be part store and part creative studio. 19 Jul 2022
As load shedding drags on, Makro has recorded exceptionally strong sales growth over the past months on alternative power solutions such as generators, inverters, gas cooking tops, cylinders, rechargeable globes and lanterns. 12 Jul 2022
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