Retail Trends 2018

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Court probes 'unsecured credit' by Capfin
Court probes 'unsecured credit' by Capfin

Steinhoff International's troubles continue to mount. On Thursday, the Cape High Court began to interrogate the controversial lending practices of Capfin, which provided unsecured credit to customers of Pepkor and Ackermans...

By Ann Crotty 16 Feb 2018

SA's Airbuy launches e-commerce payment gateway
SA's Airbuy launches e-commerce payment gateway

South African startup Airbuy has rolled out its alternative payment gateway that allows e-commerce sites to accept payments without their customers exposing their banking details...

By Tom Jackson 25 Jan 2018

Image credit: Martin Rhodes
Whitey stands by Christo Wiese

Former Shoprite Holdings CEO Whitey Basson says he vouches for the honesty of his friend and fellow Shoprite shareholder of many years, former Steinhoff chairman Christo Wiese...

By Mark Allix 17 Jan 2018

10 lessons from a successful crowdfunding campaign
10 lessons from a successful crowdfunding campaign

After about 45 days of extreme effort, intense co-ordinating, crazy ideas and good luck, we managed to complete the most successful rewards-based crowdfunding campaign in South Africa to date with Sugarbird Gin...

By Rob Heyns 16 Jan 2018

#BizTrends2018: Cross border trade set to grow e-commerce in SA
#BizTrends2018: Cross border trade set to grow e-commerce in SA

More and more, consumers in sub-Saharan Africa are looking beyond their borders to get the products and services they need...

By Efi Dahan 12 Jan 2018

Image credit:
NRD Capital acquires Mike's Kitchen restaurant chain

NRD Capital, a US-based private equity firm that specialises in franchise investments, has cemented its entry into the African market with its acquisition of Mike's Kitchen...

10 Jan 2018

Barriers to finance a hindrance for retail SMMEs
Barriers to finance a hindrance for retail SMMEs

Small, medium and micro enterprises (SMMEs) contribute significantly to South Africa's GDP (estimated between 30% and 57%), and provide employment to between 61% and 80% of the country's workforce...

4 Jan 2018

Wynand Smit, CEO of Inovo
#BizTrends2018: Enhancing the customer experience

In South Africa, technology implementation is largely reactive - we're a nation of cautious adopters - yet there are many innovations likely to gain a stronger foothold in 2018 in the financial sector...

By Wynand Smit 3 Jan 2018

Moody's slashes Steinhoff credit rating
Moody's slashes Steinhoff credit rating

Credit ratings agency Moody's downgraded debt held by embattled South Africa-based home retail giant Steinhoff on Thursday and warned of further downgrades...

29 Dec 2017

Cautious consumer spending ahead of SA festive season - report
Cautious consumer spending ahead of SA festive season - report

According to the Mastercard SpendingPulse October 2017 report, South African consumer spending showed a modest uptick in October this year...

22 Dec 2017

How to give more for less this festive season
How to give more for less this festive season

The festive season is a time for giving, but financially it can be straining if you spend recklessly. It's easy to feel overwhelmed by the pressure to spend money you don't have on making it a memorable holiday for your loved ones...

Issued by OLX 20 Dec 2017

#BestofBiz 2017: Retail
#BestofBiz 2017: Retail

We've compiled our annual #BestofBiz 2017 lists across all our industries featuring our most popular articles, most-read contributors and brand press offices with the most views...

15 Dec 2017

Cash payments still rule informal trade
Cash payments still rule informal trade

According to Mastercard research, around 96% of transactions are still conducted in cash among South Africa's 1.5 million informal enterprises...

14 Dec 2017

Less than 30% of Africa's e-commerce startups profitable
Less than 30% of Africa's e-commerce startups profitable

Less than 30% of African e-commerce startups are profitable, as ventures tackle issues such as lack of funding, shortage of trust and logistical difficulties...

By Gabriella Mulligan 8 Dec 2017

Black Friday trumps Cyber Monday: BankservAfrica
Black Friday trumps Cyber Monday: BankservAfrica

Black Friday proved to be more popular than Cyber Monday this year, says automated payments clearing house BankservAfrica...

7 Dec 2017

Retail Capital is awarding a brand makeover to one lucky SME
Retail Capital is awarding a brand makeover to one lucky SME

Retail Capital is giving SMEs an opportunity to win a makeover to build their brand with an investment of R250,000...

30 Nov 2017

BBM Messenger's Adam Pattison on chat, dark social and the new mobile economy
BBM Messenger's Adam Pattison on chat, dark social and the new mobile economy

On his visit to South Africa for the MMA (Mobile Marketing Association) Forum in Johannesburg on 2 November and Mobile Monday in Cape Town on 6 November, Adam Pattison, vice president, Americas & EMEA at BBM Messenger, shared insights into chat or dark social and how this is shaping the mobile economy...

By Jessica Tennant 20 Nov 2017

Festive retail sales may help give GDP a boost
Festive retail sales may help give GDP a boost

The retail sector is set to make a positive contribution to third-quarter GDP as retailers adapt to the difficult economic conditions and as they look forward to the festive season...

17 Nov 2017

Mastercard-Spazapp collaboration brings cashless payments to informal retailers
Mastercard-Spazapp collaboration brings cashless payments to informal retailers

Mastercard is collaborating with Durban-based tech company Spazapp, to bring secure and convenient mobile payments to thousands of informal traders...

15 Nov 2017

Luxury group Richemont sees 'exceptional' growth
Luxury group Richemont sees 'exceptional' growth

ZURICH - Richemont, the world's second-largest luxury group, said Friday it had enjoyed exceptional profit growth in the first half of its financial year as the firm moved on from a costly buyback of its high-end watches...

13 Nov 2017

Ante Ramljak, crisis manager at Agrokor | ©
Ailing Balkan retail giant disputes €2bn of debts

ZAGREB - Debt-wracked Balkan food and retail giant Agrokor is in a dispute with creditors over two billion euros in claims, half of which is demanded by the Russian state-controlled Sberbank, the firm's crisis manager said Thursday...

13 Nov 2017

Credit:
Alibaba takes record $25bn on Singles' Day

BEIJING - Chinese online shoppers spent a record $25bn on this year's Singles' Day promotion run by e-commerce giant Alibaba, up nearly 40% from last year, figures showed on Sunday...

13 Nov 2017

Burberry shares dive on strategy overhaul
Burberry shares dive on strategy overhaul

LONDON - Burberry shares tumbled on Thursday, as investors were spooked by the expected costs of a strategy overhaul and a below-expectations rise in profits at the British luxury fashion giant, analysts said...

10 Nov 2017

Brait CEO John Gnodde | Credit:
Brait decides New Look is worth zero

Brait shares rallied more than 3% at one stage on Wednesday on its decision to value 2015's 780m acquisition of UK fashion retailer New Look at the princely sum of nothing.

By Giulietta Talevi 9 Nov 2017

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Online shopping spree buys Deutsche Post more profit

Growth in online shopping continued to provide a bonanza for German logistics group Deutsche Post in the third quarter, the firm reported, confirming its forecast for the full year...

9 Nov 2017

WeChat Pay arrives in Paris department stores
WeChat Pay arrives in Paris department stores

PARIS - Chinese tourists visiting Paris are now able to pay for their purchases in two of the city's famous department stores with their smartphones, thanks the adoption of the payment app of the popular Chinese social media network, WeChat...

9 Nov 2017

(c) James Copeland -
Marks and Spencer slows food expansion plans

LONDON - Marks and Spencer, the British clothing-to-food retailer, announced on Wednesday a sharp rise in net profits on higher sales but plans to slow expansion of its number of standalone food stores...

9 Nov 2017

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Foreign revenue boosts TFG

More than a third of TFG's revenue will come from outside Africa in the next financial year after the group integrates the Hobbs clothing retail business in the UK, says chief financial officer Anthony Thnstrom...

8 Nov 2017

Credit:
Mr Price cuts its cloth to suit a higher share price

Retailer Mr Price's turnaround strategy has paid off as the group expects earnings per share to climb as much as 25% for the 26 weeks to September 2017...

8 Nov 2017

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