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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

Truworths sales growth improves on year-earlier period

Truworths reported double-digit sales growth for the year to end-June, boosted by the acquisitions of the Office Group, Earthchild and Naartjie...

By Colleen Goko 18 Jul 2016

Woolworths increases sales in face of souring consumer confidence

Despite rising sales, Woolworths's full-year trading update was met with a cold shoulder on Thursday, after it reported a performance that fell below analysts' expectation...

By Colleen Goko 15 Jul 2016

New cushion range supports skills development NPO

A new cushion range, Scatterloader, which supports a skills development NPO, is now available from online fashion store Superbalist.com...

12 Jul 2016

Edcon debt plan gets nod from lenders

Edcon CEO Bernie Brookes says he is confident about the group's future after the retailer secured support from its bondholders and bank lenders to obtain R1.5bn in bridge financing...

By Colleen Goko 11 Jul 2016

Edcon struggles in tough retail environment

It has been a little more than three months since Edcon's 2016 financial year calendar came to a close, but the highly indebted retailer has yet to release its results...

By Colleen Goko 8 Jul 2016

Edcon looking for up to R1.5bn in a new facility as it restructures debt

LONDON - Edcon Holdings is seeking consent from senior creditors to obtain as much as R1.5bn from banks and bondholders in a new facility as SA's biggest clothing retailer restructures its debt...

By Luca Casiraghi 7 Jul 2016

TFG renews e-commerce contract with On the Dot

The Foschini Group has renewed its e-commerce contract with Media24's e-commerce services business, On the Dot (OTD), for a further three years...

7 Jul 2016

Shop Talk: Edcon upheaval

One day, in the Land of Edgardale (as the story goes) Birgitt Gebauer, former CE of the Edgars chain - after a feverish exchange with newly appointed Edcon boss Bernie Brookes - turned on her heels, and blasted off, never to be seen again...

By Zeenat Moorad 1 Jul 2016

Hawks close factory making counterfeit clothes

The Hawks' counterfeit team has closed down a factory making counterfeit clothing in the Durban CBD...

30 Jun 2016

#YouthMonth: 'The choice began with a needle and thread' - Zaid Philander

As Youth Month draws to a close, we interview activist and entrepreneur Zaid Philander on his social enterprise I Scream & Red...

By Sindy Peters 28 Jun 2016

Superbalist announced as headline sponsor of In The City

Joburg festival In the City and online retailer Superbalist.com have joined forces to bring out Superbalist In the City. This year's festival takes place over three days across three different venues as a full weekend city takeover...

28 Jun 2016

Valentino's Chiuri set to take over at Dior: reports

PARIS - Italian designer Maria Grazia Chiuri is set to be named the first ever woman creative director of Dior, the famed French fashion house, according to reports on Thursday...

27 Jun 2016

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