Shoprite has decided to shut its shops in Democratic Republic of Congo, a company statement seen by Reuters on Tuesday, 22 November, showed. 23 Nov 2022
Source: Pepkor
Pepkor Holdings, owner of South African discount retailer brands Pep and Ackermans, reported a 20.1% jump in full-year earnings on Tuesday, 22 November, as cash-strapped shoppers fuelled demand at its expanding chains of discount stores. 22 Nov 2022
Black Friday is an international sales beast that is gaining marked traction in the South African retail landscape. Savvy online buyers and sellers alike have got plenty to gain around this sales period... 21 Nov 2022
Source: Reuters/Siphiwe Sibeko
OBC Better Butchery has lodged a complaint with the Competition Commission, accusing supermarket retailer Spar of "vigorously enforcing exclusivity clauses" against landlords, thus preventing competition (in this case OBC) from setting up shop in certain malls... 18 Nov 2022
Source: Reuters/Siphiwe Sibeko/File Photo
South African fashion and food retailer Woolworths expects half-year earnings to rise more than 20% year-on-year as customers return to its stores, particularly in Australia, following prolonged pandemic lockdowns. 16 Nov 2022
Source: Reuters/Siphiwe Sibeko
Spar Group Ltd reported on Wednesday, 16 November a 3% fall in full-year earnings due to a rise in expenses, but turnover rose as the grocery retailer raised its promotional calendar to continue attracting cash-strapped consumers. 16 Nov 2022
Shoppers leave the Shoprite store in Daveyton, South Africa 23 May 2018. Reuters/Siphiwe Sibeko/File Photo
South Africa's biggest grocery retailer Shoprite Holdings reported on Monday first-quarter sales growth of 18.6% as financially constrained consumers flocked to its budget chains for discounts. 14 Nov 2022
TFG CEO Anthony Thunstrom. Source: Supplied
Fashion and lifestyle retail group TFG grew retail turnover for the first half of the financial year by 23.5%, boosted by its Tapestry Home Brands acquisition, local clothing manufacturing drive and continued store rollout and upgrades. 11 Nov 2022
Source: Supplied
South African retailer Absolute Pets is on a positive growth trajectory, having expanded from just eight stores in 2013 to 137 in 2022. 11 Nov 2022
Retail in the Cape Town CBD, which accounted for more than a third of the businesses operating in the city centre last year, has proved resilient despite ongoing Covid shocks. Of the 2,981 businesses operating in the central city last year, 39% were retail venues, with a total of 81 new retail stores opening in town during 2021. 3 Nov 2022
Pick n Pay has unveiled its re-designed Waterstone flagship store in Somerset West, the model for what customers can come to expect at all revamped Pick n Pay stores in the future. 28 Oct 2022
Source: Supplied
In October 2022, family-owned retail group Kingsmead Shoes celebrated the reopening of its flagship store in Springfield Value Centre, Durban, after the shopping centre was burnt to the ground during the July 2021 riots. The 29-year-old company is now plotting to almost double its store footprint to more than 80 stores within the next five years. 25 Oct 2022
The Pick n Pay Group continues to invest in its apparel business through a sustainable redesign of Pick n Pay Clothing stores and the accelerated expansion of the brand's physical footprint. 21 Oct 2022
In 2011, US retail giant Walmart Inc made a bet on Africa, buying a majority stake in South African retailer Massmart in what many investors saw as a step toward dominating the continent's vast untapped market. It didn't go according to plan. 21 Oct 2022
Food Lover's Market has opened the doors to its new 3,000m2 flagship store in Bothasig, Cape Town, the result of a R100m investment by South Africa's largest privately-owned retailer. 20 Oct 2022
Source: Reuters/Francis Kokoroko
Streets were quiet in the normally bustling heart of Accra's central business district on Wednesday, 19 October as traders in the Ghanaian capital closed their shops to protest worsening economic conditions. 20 Oct 2022
Chinese smartphone and consumer electronics brand Xiaomi has opened the doors to its first South African retail store. 18 Oct 2022
Source: Pick n Pay
Pick n Pay Stores Ltd said on Tuesday, 18 October that inflation and power cuts in the second half of the year would add to the cost pressures the grocery retailer is already facing. 18 Oct 2022
Source: Dis-Chem
JSE-listed pharmacy retailer Dis-Chem has apologised for offending staff and customers after a letter to managers announcing a moratorium on the hiring and promotion of White employees was widely shared on social media. 18 Oct 2022
Source: Reuters/Siphiwe Sibeko
Many South Africans have taken to social media threatening to boycott Dis-Chem for its enforcement of a moratorium on the appointment and promotion of White employees. 17 Oct 2022
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