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Edcon transaction gets a mixed reception

News earlier this week that Edcon would now belong to its creditors, after a debt-to-equity transaction, has been met with muted applause by analysts...

By Colleen Goko 3 days ago

Former Woolworths MD tipped to lead Edcon

Former MD of retail at Woolworths Andrew Jennings, has been tipped as a possible contender to head the new Edcon board, which will have the near-impossible task of growing profit in one of the most hostile trading environments in the group's 86-year history.

By Ann Crotty 22 Sep 2016

Zara owner Inditex profits rise as quick-trend model pays off

MADRID - Zara-owner Inditex posted a rise in first-half profits Wednesday thanks to what analysts said was a well-honed business model allowing the Spanish group to beat rivals in whisking new trends to the shopfloor...

22 Sep 2016

Choppies pays hefty price for expansion

Choppies Enterprises - the leading supermarket grocery retailer in Botswana - continued with its expansion strategy into the rest of Africa in the year to end-June, but the moves into new territories came with a more than 50% cost to the company's earnings...

By Colleen Goko 22 Sep 2016

Edcon's banks and bondholders take control of the struggling retailer

Edcon has proposed a R14.4bn overhaul of its capital structure, to cede control of the clothing and footwear retailer's holding company to two other companies majority held by its creditors...

By Moyagabo Maake 21 Sep 2016

EU probes Polish supermarket tax

BRUSSELS - The European Union on Monday opened a probe into Poland's new tax on supermarkets, risking to worsen a row with conservative-led Warsaw...

20 Sep 2016

The Woolworths Chronicles - Part 1: Not going hungry

It is conceivable that juicing is a fad too far and that kale isn't as saintly as it seems. However, for the fervent who cleanse, reset and detox but might be averse to slicing, chopping and dicing, it has never been easier to get in five-a-day, thanks to Woolworths...

By Zeenat Moorad 19 Sep 2016

Lewis stock ignores tribunal ruling

A dividend yield of 12.5% and the presumption that the board of Lewis Stores would find other ways to prop up its revenue could explain why the company's share price showed little reaction to the hard-hitting ruling issued by the National Consumer Tribunal on Wednesday...

By Ann Crotty 16 Sep 2016

Woolworths issues product recall on Country Road top

Woolworths has issued a product safety recall on the Country Road Indigo Elephant crew top, saying it is not satisfied with the quality of the garment...

By Colleen Goko 16 Sep 2016

Zeekit launches app to virtually try on outfits before buying online or in-store

NEW YORK - Zeekit, a B2C platform and mobile app that reinvents the way consumers browse, share and shop from their mobile devices, has launched an advanced virtual fitting room app for consumers and retailers...

16 Sep 2016

Spree develops app-first mobile shopping experience

Understanding that the future of online shopping lies in mobile devices, and seeing a constant increase in the contribution of mobile traffic to total traffic, Spree recently implemented a mobile app-first approach to improve the overall mobile user experience...

15 Sep 2016

Investors grill Mr Price management on poor quarterly performance

Mr Price Group's management fielded tough questions from incensed investors after the release of a dismal quarterly trading update from the retailer in August

14 Sep 2016

How to make your retail store stand out

Are you looking for innovative ways to make your retail store a more appealing place to shop?...

By Boris Dzhingarov, Issued by Monetary Library 14 Sep 2016

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