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Consumer electronics sales soar in South Africa during Black Friday week
Consumer electronics sales soar in South Africa during Black Friday week

South African retailers saw strong sales during the week of Black Friday this year. Panel television unit sales experienced 47% growth and smartphone sales leaped 63% compared to the same week in 2016...

Issued by GfK South Africa 3 days ago

SA shoppers' penchant for healthy, organic food an opportunity for brands
SA shoppers' penchant for healthy, organic food an opportunity for brands

According to a new report released by big data and predictive analytics provider IRI, South African shoppers buy more healthy and organic food than their European counterparts...

5 Dec 2017

Uncertainty in store for retail
Uncertainty in store for retail

As with other retailers at this stage in the uncompromising economic environment, the results of Spar Group reflect "the weak state of consumer buying power and confidence"...

4 Dec 2017

'Weather-sensitive' products: adjusting price and promotions to increase sales
'Weather-sensitive' products: adjusting price and promotions to increase sales

It stands to reason that the weather can affect the sales of certain products. More rainfall generally means that consumers purchase less sunscreen...

By Xavier Rousset, Octavio Escobar and Régis Chenavaz 1 Dec 2017

A look back at Black Friday
A look back at Black Friday

Black Friday saw scores of consumers queuing from the early hours of the morning to take full advantage of a range of specials, from gadgets to clothing and household contents...

27 Nov 2017

Black Friday gets claws into SA's net shoppers
Black Friday gets claws into SA's net shoppers

No country embraces Black Friday more than South Africa, if international discounts website picodi.com's statistics are anything to go by...

By Wendy Knowler 24 Nov 2017

Black Friday growing in significance for SA shopping centres, retailers
Black Friday growing in significance for SA shopping centres, retailers

The retail sales marvel, Black Friday, is making a growing impression on the South African retail calendar...

22 Nov 2017

Local retailers pin hopes on Black Friday sales
Local retailers pin hopes on Black Friday sales

Despite a dire political and economic environment, retailers are upbeat about Black Friday sales and Christmas spending...

By Michelle Gumede 21 Nov 2017

Retailers to watch this Black Friday, Cyber Monday
Retailers to watch this Black Friday, Cyber Monday

Retailers and consumers alike are readying themselves for snaking queues and extended shopping hours in-store and online this Black Friday, falling on 24 November this year...

By Lauren Hartzenberg 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

Retail trade sales up 5.4% y/y in September
Retail trade sales up 5.4% y/y in September

In good news for third quarter economic growth, the retail sector did better than expected in September...

By Sunita Menon 16 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

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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

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Sales grow at Kaap Agri in face of drought

Recently listed farming community retailer Kaap Agri has managed to keep the profit taps open despite a water-shortage crisis afflicting areas in its Western Cape heartland...

By Marc Hasenfuss 10 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

(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

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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

October tractor sales leap 24.2% y/y to 704 units
October tractor sales leap 24.2% y/y to 704 units

Tractor sales surged 24.2% year-on-year in October to 704 units, according to the South African Agricultural Machinery Association...

By Dominic Preuss 8 Nov 2017

(c) TEA -
Local clothing retailers in for tough times

Clothing retailers are likely to see single-digit growth in future as low sales, worsened by weak economic growth and international competitors entering the market, continue to put the sector under pressure...

7 Nov 2017

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TFG looks to further grow sales on internet

TFG expects to see a rising contribution from online sales - which now account for 6% of group-wide turnover - as it invests in its e-commerce operations, says CEO Doug Murray...

7 Nov 2017

Doug Murray
Local TFG brand taken to Australia

TFG plans to introduce one of its own brands into the Australian market after acquiring menswear company Retail Apparel Group earlier in 2017...

3 Nov 2017

Image supplied.
Direct selling is now appealing to more South African men

Traditionally more women than men were attracted to direct selling to supplement or earn an income, but more South African men are now exploring direct selling opportunities...

1 Nov 2017

Pick n Pay cuts prices of 500 essential items ahead of Christmas
Pick n Pay cuts prices of 500 essential items ahead of Christmas

Pick n Pay has announced it will once again be cutting prices on 500 essential items and adding a number of promotions ahead of the festive season...

25 Oct 2017

Customer loyalty is key to a retailer's success
Customer loyalty is key to a retailer's success

What is important for a retailer is repeat business. Attracting your customer back into your store and rewarding them for spending money with you. Customer loyalty ultimately builds a brand...

Issued by Sureswipe 23 Oct 2017

Retail sectors increased in August, signalling stronger future growth
Retail sectors increased in August, signalling stronger future growth

The retail sector did better than expected in August, signalling stronger economic growth in the third quarter. Retail trade sales rose by a significant 5.5%...

By Sunita Menon 19 Oct 2017

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