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Massmart takes knock from Game
Massmart takes knock from Game

Massmart's Game continued to underperform, weighing on profitability, as sales of durable goods fell due to pressure on consumers.

By Zeenat Moorad 29 Aug 2014 13:31

Massmart H1 HEPS down 25.5%

Retailer Massmart's (MSM) first-half headline earnings per share (HEPS) for the 26 weeks ended June was down 25.5% to 167.8c from 225.2c‚ the group announced on Thursday, 28 August 2014.

29 Aug 2014 08:31

Woolworths FY HEPS up 9%
Woolworths FY HEPS up 9%

Retailer Woolworths (WHL) on Thursday, 28 August 2014, reported that group sales for the 52 weeks to 29 June 2014 increased 14.4% and adjusted profit before tax rose 20.1%.

By Evan Pickworth 29 Aug 2014 07:25

Refreshed Groupon website increases marketplace apps
Refreshed Groupon website increases marketplace apps

As part of its transition from a daily deal website to an online marketplace, Groupon has completely redesigned their South African website, as well as updated versions of its popular iPhone and Android apps...

28 Aug 2014 09:19

Spree partners with Next
Spree partners with Next

Next, a UK brand established in 1982, has partnered with Spree.co.za, part of Naspers' e-commerce division. This will enable the South African website to offer selected items from the UK range.

27 Aug 2014 09:43

GDP creeps up narrowly avoiding recession
GDP creeps up narrowly avoiding recession

South Africa's Gross Domestic Product (GDP) increased by 0.6% in the second quarter of this year according to figures released by Statistics South Africa.

27 Aug 2014 07:29

Shoprite is taking stock outside SA
Shoprite is taking stock outside SA

Continental retail kingpin Shoprite's three top-performing countries outside SA are 80% stocked with non-South African products.

By Zeenat Moorad 25 Aug 2014 14:31

Italtile's profits rise to R751m for the year
Italtile's profits rise to R751m for the year

Italtile has reported a 13% rise in full-year profit, bucking the broader retail malaise, as the group's higher-income customers and integrated supply chain supported growth.

By Zeenat Moorad 25 Aug 2014 09:44

Pick n Pay has no intention to buy out shared stores
Pick n Pay has no intention to buy out shared stores

Buying out its franchisees is a move that has paid off handsomely for Woolworths, which went on to build a roaring multibillion-rand food business.

By Zeenat Moorad 22 Aug 2014 15:41

Truworths seeks new CEO for smooth transition
Truworths seeks new CEO for smooth transition

Fashion retailer Truworths International is looking for a new CEO to replace the incumbent of 23 years, Michael Mark, whose contract term ends in June next year.

By Nick Hedley 22 Aug 2014 14:48

Swedish retailer H&M opens at V&A Waterfront in 2015
Swedish retailer H&M opens at V&A Waterfront in 2015

Swedish retailer H&M has confirmed it will open 4700 m2 flagship store, developed over several levels, at Cape Town's V&A Waterfront in 2015.

22 Aug 2014 12:23

Mike Saunders
Retailers! One size does not fit all

We live in the age of individuality. No longer is it popular to be following the norm, and looking like everyone else. Consumers want to stand out and have their...

By Mike Saunders 22 Aug 2014 09:46

SA's borders closed to Ebola-affected countries
SA's borders closed to Ebola-affected countries

South Africa has imposed a total travel ban for all non-citizens traveling from identified high risk countries to prevent the spread of Ebola to the country.

22 Aug 2014 08:32

British supermarket sorry for removing kosher food amid protests
British supermarket sorry for removing kosher food amid protests

LONDON, UK: British supermarket chain Sainsbury's apologised on Monday, 18 August 2014, after staff at a central London store removed kosher food from shelves in response to protesters outside demanding a boycott of Israeli goods.

19 Aug 2014 14:21

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