Sales in South Africa

Glimmer of hope for second quarter as retail sales up 1.5% y/y

Retail sales grew faster than economists expected in April, the first month of the second quarter, Statistics SA reported on Wednesday...

By Sunita Menon 15 Jun 2017

TFG posts good results with turnover up 11.6%

TFG has posted robust results, despite the tough economy, showing that its diversification strategy is paying off...

29 May 2017

Putting people at the centre of multi-buy promotions

In the South African retail and manufacturing sectors, promotions have become a popular tool to attain growth...

By Lauren Hartzenberg 25 May 2017

Broll Retail Snapshot reveals top performing categories

While December was unsurprisingly the best month for retailers compared to November and January, consumers have become more cautious on spending...

22 May 2017

Alibaba quarterly profits almost double to $1.55bn

Chinese e-commerce giant Alibaba said Thursday its net profit almost doubled in the latest quarter on the back of soaring growth in online shopping...

22 May 2017

Lewis's shares rise despite profit warning

Furniture retailer Lewis warned shareholders on Wednesday that its earnings were expected to fall by as much as 66%...

By Robert Laing 19 May 2017

Retail sales rebound in March - but not enough to save quarterly decline

South African retail sales rebounded in March, but not enough to save a quarterly decline that may contribute to the country falling into a technical recession...

By Robert Laing 18 May 2017

UK retail figures spike, skewed by Easter: survey

British retail sales grew sharply in April, official data showed Tuesday, but analysts put the strong figures down to the late timing of the Easter holiday...

11 May 2017

Mall of Africa trades above expectations in year one

The Mall of Africa, the Attacq flagship shopping mall, celebrated its first birthday on 28 April 2017. Since opening day, it has posted sales of R3.4 billion for the 11 months of trading to March 2017 and has had over 13 million people in the same period...

2 May 2017

McDonald's reports higher earnings on strong US, China

NEW YORK, United States - McDonald's reported higher first-quarter earnings Tuesday on better performance in key regions, including the United States and China...

28 Apr 2017

Distell tops up with Cruz vodka

Distell has topped up its booze portfolio with a dash of vodka through the purchase of a 75% shareholding in a company that owns the global rights to Cruz Vodka...

26 Apr 2017

Puma ups forecast after sales leap in first quarter

German sportswear maker Puma said Tuesday it set a new quarterly record for sales between January and March, springing over the 1.0-billion-euro barrier and upping its forecasts for the year...

26 Apr 2017

MimiBizBox founder seeks to raise awareness this Freedom Day

This Freedom Day, Mimi Women CEO and founder Ramona Kasavan will be reaching out to disadvantaged women in rural areas to raise awareness on MimiBizBox...

25 Apr 2017

Manufacturers expected to be more proactive in protecting consumers from economic crunch

Consumers demand economic protection from manufacturers, according to BMI Research...

20 Apr 2017

International

China, Hong Kong top hubs for fake goods: Europol

China and Hong Kong are overwhelmingly the largest shipment centres for fake goods sold around the world, in a growing, complex battle against sophisticated counterfeiters, Europe's police agency said Thursday.

3 days ago

Woolies faces fight on many fronts

Shares in Woolworths, once regarded as a recession-proof retailer, are trading close to three-year lows as the company finds itself stuck between SA's stalling economy, the cash-guzzling turnaround of its David Jones acquisition in Australia and an impending competitive onslaught from Shoprite, which is moving up-market.

By Giulietta Talevi 22 Jun 2017

South African designers showcase their wares in Paris

Forty-two South African designers are currently exhibiting their artisanal goods at the renowned BHV/Marais in Paris, a department store of the group of Galeries Lafayette that attracts over 60,000 visitors daily. The exhibition, which runs until 31 July 2017, showcases South Africa's creative energy and its international design and cultural capitals: Johannesburg and Cape Town.

22 Jun 2017

Retailers set to lose billions as card-not-present fraud rises

Retailers stand to lose $71 billion globally from fraudulent CNP (Card-Not-Present) transactions over the next five years, according to new data from Juniper Research. The data found that a number of factors, such as the USA's shift to EMV cards, delays in 3DS 2.0 (3D-Secure) and click-and-collect fraud were key drivers behind the rise.

21 Jun 2017

AGT Foods CEO scoops EY World Entrepreneur of the Year 2017 title

President and CEO of AGT Foods, Murad Al-Katib, was picked from 59 individuals representing 49 countries and named EY World Entrepreneur of the Year 2017. He was chosen not only for his success in building a business empire focused on providing vegetable protein to the developing world, but also for helping to feed refugees.

20 Jun 2017

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