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Pick n Pay's new structure 'not enough'

The pyramid structure that secured control of Pick n Pay in the hands of the Ackerman family is set to be unwound, 36 years after it was put in place to ward off a suspected hostile bid...

By Ann Crotty 5 hours ago

Shareholders vote to delist Pick n Pay Holdings

At an extraordinary general meeting, preceding the Pick n Pay AGM held on 25 July 2016, the majority of shareholders voted in favour of the group's proposal to modernise its pyramid ownership structure...

10 hours ago

Lewis investor battle escalates

The battle between shareholder activist Dave Woollam and the directors of Lewis Stores escalated this past week, with the lodging of papers at the High Court in Cape Town on Wednesday that could see the minority shareholder have the directors declared delinquent...

By Ann Crotty 1 day ago

Truworths: UK shoe will pinch

While Truworths' entrance into the UK consumer market proved a boon for the retailer in the year to end June, the region is unlikely to provide another fillip, in the wake of Brexit...

By Colleen Goko 1 day ago

Strong operations in West Africa lift Shoprite results

Shoprite's stronghold in West Africa helped the domestic retailer report better-than expected results in July, but the company has yet to successfully branch out in East Africa...

By Colleen Goko 22 Jul 2016

Regular internal audits essential for retailers

According to a recent survey conducted by Mazars during June 2016, across 120 respondents, many retail organisations lack a clear understanding of the purpose of the internal audit function...

22 Jul 2016

Pick n Pay minorities oppose new structure

Pick n Pay's annual general meeting (AGM) next week looks certain to be another humdinger as smaller shareholders vent their opposition to the proposed restructuring of the Ackerman family's control...

By Ann Crotty 21 Jul 2016

Shoprite jumps 10% on trading update

Investors jostled to get hold of Shoprite shares on Wednesday, boosting the market value of Africa's biggest grocery retailer R10bn, making it the top performer on the JSE on the day...

21 Jul 2016

Mixed fortunes for large retailers

It is a mixed bag for South African retailers, as Massmart and Shoprite's trading updates shine a spotlight on the market, which has been marred by slow sales growth amid weak consumer spend...

By Palesa Vuyolwethu Tshandu 20 Jul 2016

Woolworths' 'Inside Retail' programme reaches 32 TVET colleges

Woolworths recently hosted its annual 'Inside Retail' programme, targeting 32 TVET colleges in Cape Town through a week-long, embedded course aimed at providing practical experience and knowledge of the retail value chain in South Africa...

19 Jul 2016

Cash sales spike boosts Truworths

Truworths has not changed credit-approval criteria at its stores, even as cash sales have accelerated noticeably for the year to June 2016. New acquisitions added to the momentum, more than doubling cash sales...

By Moyagabo Maake 19 Jul 2016

Edcon announces executive shake-up

Edcon announced on Monday that it was bidding farewell to some members of its executive management team and introducing new ones amid a restructuring of the retailer's operations...

By Colleen Goko 19 Jul 2016

Parents prefer trusted brands for school supplies

Books, pens, uniforms and miscellaneous - harried parents throughout SA have forked out thousands of rand in the run-up to the third term of the government school year, which kicks off on Monday...

By Colleen Goko 18 Jul 2016

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