Rapidly securing its place as the leading online tyre retailer in South Africa during its first year of operation, Blackcircles ZA is now looking to improve its reach and value, with a focus on providing a seamless shopping experience and competitive prices. 13 Feb 2023
Debt-laden Steinhoff International said on Thursday, 9 February it had raised R4.9bn by selling 265 million shares, or 7.2%, of discount retail subsidiary Pepkor Holdings. 9 Feb 2023
Source: Reuters/Siphiwe Sibeko/File Photo
Supermarket group Pick n Pay said on Wednesday, 8 February, that its four-month sales grew by 6.4%, but its like-for-like sales growth in South Africa was softer, impacted by store revamps and unprecedented load shedding in the last quarter of 2022. 8 Feb 2023
A few weeks ago, Zara, the Spanish fashion chain with stores all over the world, announced that it was branching into the second-hand market. With a pilot test in the United Kingdom, through the Zara Pre-Owned platform, it is set to offer the option of reselling a Zara garment, having it repaired or donating used garments from any season to the Red Cross. 6 Feb 2023
Karen Ferrini has been appointed vice president of home improvement, DIY and building materials retailer Builders and member of the Massmart executive committee. Effective 1 February 2023, Ferrini takes over Herman Venter's position following his appointment to group chief merchandise officer (CMO). 3 Feb 2023
Source: Reuters/Siphiwe Sibeko
South Africa's biggest supermarket group Shoprite reported a 16.8% jump in half-year sales on Tuesday, 31 January, supported by a record Black Friday and festive season as both cash-strapped shoppers and upmarket consumers went after deals. 31 Jan 2023
Spar Group has appointed its new nonexecutive chairman Mike Bosman to a senior executive role, temporarily replacing outgoing chief executive officer Brett Botten until a permanent successor is found. 31 Jan 2023
Source: Reuters/Sumaya Hisham
Pepkor Holdings, the owner of South African clothing retailer Pep and Ackermans, reported a 6.5% rise in first-quarter revenue on Monday, 30 January, helped by 132 new stores that it opened in the period and the acquisition of Brazilian retailer Avenida. But its like-for-like sales were hit by load shedding. 30 Jan 2023
Source: Reuters/Mike Hutchings
Fashion retailer Truworths on Thursday, 26 January forecast half-year profit growth of up to 11% on bumper sales over Black Friday in November and Christmas even as power outages at malls hampered shopping. 26 Jan 2023
Pharmacy chain Clicks Group on Tuesday, 24 January reported slower turnover growth for the 20-week period to 15 January, reflecting a sharp fall in Covid-19 vaccinations. Turnover rose by 2.9% versus growth of 10.4% seen a year earlier. 24 Jan 2023
Source: Reuters/Siphiwe Sibeko
TFG's third-quarter sales jumped by 17.3% after Black Friday sales and holiday specials spurred demand for summer clothes and furniture, it said on Monday, 23 January. 24 Jan 2023
Source: Mr Price Group
Mr Price Group said in its latest trading update that South Africa's GDP recovery prospects have been severely impacted by excessive load shedding, placing strain on both businesses and households, and negatively impacting confidence levels. 23 Jan 2023
Value fashion retailer Mr Price reported on Friday, 20 January a 34% surge in third-quarter sales, boosted mostly by its recent acquisition of branded footwear and clothing company Studio 88 Group. 20 Jan 2023
Spar Group said on Thursday, 19 January that it agreed with its auditors that a reportable irregularity concerning an alleged fictitious and fraudulent loan had occurred at the grocery retailer. 19 Jan 2023
Source: Reuters/Siphiwe Sibeko
Food and fashion retailer Woolworths Holdings Ltd raised its profit growth forecast on Thursday, 18 January saying it now expected half-year earnings to jump as much as 80% on strong Black Friday sales and festive demand. 19 Jan 2023
Source: Reuters
Debt-laden Steinhoff International jumped more than 8% after raising €315.2m ($342m) on Wednesday, 18 January from selling 38 million shares or 6.6% of retail group Pepco via an accelerated book build. 18 Jan 2023
Spar Group has announced that its chief executive officer Brett Botten will retire from the company and the board at the end of January this year. 18 Jan 2023
Sandton City's Zara store will be closed for the first three months of 2023 as the store gets an overhaul to align it with the brand's global vision. 3 Jan 2023
Source: Shoprite Holdings Shoprite Holdings Shoprite CEO Pieter Engelbrecht
Shoprite CEO Pieter Engelbrecht has sold R20m in company's shares the week before Christmas. 30 Dec 2022
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