In a deal that will allow TFG to further build out the Sneaker Factory footprint, the retailer has reached an agreement to buy Street Fever, an independent retailer of affordable branded footwear and apparel. 21 Dec 2022
Woolworths Holdings Limited's (WHL) chief executive officer Roy Bagattini expects the sale of Australian department store chain David Jones to be "transformational" for Woolworths' balance sheet. 20 Dec 2022
Source: Sardaka, CC BY-SA 4.0 , via Wikimedia Commons
Woolworths Holdings Limited (WHL) has entered into an agreement to sell its entire shareholding in its Australian subsidiary, department store chain David Jones, to Anchorage Capital Partners, an Australian private equity fund. 19 Dec 2022
Source: Supplied
Steinhoff International Holdings NV said on Thursday, 16 December it had reached an agreement with some of its largest creditors to extend the maturity of its debt. 15 Dec 2022
Local creative brands Janet Ceramics, Rainbow Artz, Diana Seboke Zitha and Wilderblommetjies have been selected by the Craft and Design Institute (CDI) and V&A Waterfront to retail in the Design Lab store at the V&A Watershed. 14 Dec 2022
Source: Massmart (File photo)
The Competition Tribunal has conditionally approved the Shoprite Group's acquisition of certain Massmart-owned supermarkets, wholesalers and liquor stores, as well as the Massfresh business from the retail group that's now wholly-owned by Walmart. 12 Dec 2022
While the pandemic years have accelerated online shopping and the current tough economic conditions have locked down consumer wallets, South African malls continue to thrive. Covering hundreds of thousands of square metres and costing billions of Rands, an extraordinary number of new shopping centres have popped up all over the country in 2022, more are planned for the upcoming year. And there is increasing evidence, from independent surveys and owners, that for many of the larger malls in the country, footfall is back to where it was before the Covid lockdown. 12 Dec 2022
South African retail cooperative Always Welcome, a multi-brand destination for furniture, decor and homeware production from premier African designers, has opened its first showroom in Cape Town. 12 Dec 2022
Source: Reuters/Siphiwe Sibeko
Spar Group is seeking legal opinion on media allegations it took part in "fictitious" and "fraudulent" loans, the grocery retailer and wholesaler said on Friday, 9 December, while also announcing its chairman would step aside. 12 Dec 2022
The Consumer Goods and Services Ombud (CGSO) has issued a consumer alert urging customers to exercise caution when purchasing from local online retailer Reliable Store, following numerous complaints about a lack of service delivery. 9 Dec 2022
Makro Riversands in Johannesburg has opened the doors to its Johnnie Walker Reserve Room in partnership with premium spirits company Diageo. 9 Dec 2022
Apollo Brands, the official distributors of Under Armour in South Africa, recently opened the doors to its latest Brand House City Concept (BHCC), located in The Zone @ Rosebank mall in Johannesburg. 6 Dec 2022
La Lucia Mall on the east coast of KwaZulu-Natal now offers even more lifestyle shopping variety with the introduction of Seattle Coffee and Tafelberg Furnishers and the stunning upgrade of its Food Lover's Market. 6 Dec 2022
Collapsed fashion chain Joules has been rescued from administration by British multinational retailer Next and Joules founder Tom Joule in a £34m deal. The acquisition is expected to save 1,450 jobs and keep 100 of the current 124 Joules stores open in the UK and Ireland. 2 Dec 2022
Source: Reuters/Siphiwe Sibeko
South African fashion and homeware retailer TFG is open to buying retail companies coming up for sale in Britain, its CEO Anthony Thunström said on Wednesday, 30 November, at a time when clothing retailer Joules Group has gone into administration. 1 Dec 2022
The Food Lover's Market Group, South Africa's largest privately-owned retailer, has invested R20m into refurbishing its Weskus Mall store in the Western Cape. The revamp forms part of the group's R400m investment into store development. 25 Nov 2022
Global convenience retail franchise brand Circle K has landed in South Africa, with the first store opened in Pretoria yesterday, 24 November. The launch marks the beginning of a multi-store rollout planned for the coming months and is part of a bigger forecourt deal with Puma Energy, which will allow Circle K to benefit from the fuel retailer's 100-plus site footprint across SA. 25 Nov 2022
Source: Reuters/Siphiwe Sibeko
Mr Price Group Ltd posted slower half-year sales growth on Thursday, 24 November, impacted by power cuts, the disruption of replacing a software system and a delay to the pandemic grant payments its low-income shoppers depend on. 24 Nov 2022
The first Jet Cellular standalone store opened at the Cosmo Mall in Gauteng on 24 November. More Jet Cellular store launches will follow this December at Jubilee Crossing, Diepsloot Mall, Hebron Mall and Umlazi as the retail brand expands its footprint in the mobile market. 24 Nov 2022
Source: Massmart
American multinational retail corporation Walmart has concluded the R6.4bn deal to secure full ownership of African retail giant Massmart. As of this week, Massmart has been delisted from the Johannesburg Stock Exchange and is now a fully-owned Walmart subsidiary. 23 Nov 2022
Let's do Biz