Shares of South Africa's credit-heavy retailers‚ Truworths (TRU) and Foschini Group (TFG)‚ took a beating on Thursday, 7 November 2013, after reported figures pointed to slower sales growth and consumers' prevailing indebtedness.
By Zeenat Moorad 8 Nov 2013 14:01
Woolworths said on Tuesday, 5 November, that it had signed agreements to purchase its franchise businesses in Botswana‚ Namibia‚ Swaziland and Ghana.
By Zeenat Moorad 6 Nov 2013 10:46
Until recently the brand Presidential Shirt has been in scarce supply, only available to select international travellers through OR Tambo Airport Duty Free. Now, these tailored hand-painted silk and cotton batik shirts are available online to customers in South Africa and across the globe.
4 Dec 2013 09:37
The fashion world can get ready for the new entries in the Foschini Fashion Design Awards 2014, as the ten semi-finalists have been selected and are ready for the next challenge.
26 Nov 2013 11:40
Non-listed retailer Edcon has reported an improved operational performance in the quarter ended September - the second quarter of its 2014 financial year - with retail sales up 5.9% to R6bn.
22 Nov 2013 09:15
A recent study shows that South Africa's small number of fat cats consume more goods than everyone else in the country put together.
By Mpho Sibanyoni 20 Nov 2013 16:20
Truworths International's group retail sales for the first 18 weeks of its financial year rose by 7% to R3.5bn‚ compared with a 15.9% increase in the corresponding previous period‚ with credit sales growth of 5% and cash sales growth of 12%.
8 Nov 2013 08:10
AVI said that consolidated earnings per share for continuing operations for the six months to December‚ including capital gains and losses‚ are expected to increase by more than 20% compared with the comparative period last year.
8 Nov 2013 07:52
Woolworths will pull out of its three stores in Nigeria as high rental costs‚ duties and complex supply chain processes make trading in the West African country "highly challenging".
By Zeenat Moorad 7 Nov 2013 14:05
Producing top-class knitwear since 1874, Lyle & Scott is a brand synonymous today with the trendy global market, through its association with a generation of young, talented music, TV and film stars.
7 Nov 2013 10:23
Given the challenges facing them‚ foreign retailers would not enter the African market in a significant way within the next 10 years‚ according to Boris Planer, chief economist at London's Planet Retail.
By Zeenat Moorad 6 Nov 2013 07:21
The annual Red Carpet Fashion Show, brought to you by Red Carpet Concepts, Ultra Technical Support, Nitida Wines, Cruz Vodka and VIP Sky Bar, will once again welcome South Africa's most sought after designers to The Lookout Marquee, V&A Waterfront on Friday, 8 November 2013, to showcase their summer collections from fashion labels: Kluk CGDT, Craig Port, Jagadi Haute Couture, Habits and MilQ & Honey.
5 Nov 2013 09:40
The countdown has begun - the finalists of the ELLE and BlackBerry 2013 Style Reporter competition have been announced and one lucky fashionista is a step closer to making dreams of a successful career in fashion blogging a reality. The winner will be announced at the ELLE Style Blog Party in December in Cape Town.
4 Nov 2013 15:50
South Africa is a nation of shoppers but it's failing to fuel sustainable growth in the country where more fixed investment and job creation are needed to foster real growth.
By Adele Shevel 4 Nov 2013 06:15
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