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BizTrends 2017


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Zara owner Inditex profits up on international drive

Spain's fashion retail giant Inditex, owner of popular brand Zara, said on Wednesday that its drive to expand internationally helped push up profits last year...

17 Mar 2017

Adopt an omnichannel retail strategy or risk closure
Adopt an omnichannel retail strategy or risk closure

Italist.com CEO, Diego Abba, was one of the opening keynote speakers at the Seamless Africa conference (future of payments, e-commerce & retail) in Cape Town...

16 Mar 2017

Retail sales in January down 2.3%
Retail sales in January down 2.3%

SA's retail sector remains under pressure with sales in January decreasing 2.3% year on year...

By Sunita Menon 16 Mar 2017

Shirley Maltz, CEO of HomeChoice. Credit: Financial Mail
HomeChoice increases its revenue despite challenging year

Home-shopping and digital retailer HomeChoice International declared a dividend of 87c per share on Tuesday in the release of its financial statements...

By Matthew Stevens 15 Mar 2017

Cash-strapped consumers seek value not ‘specials'
Cash-strapped consumers seek value not ‘specials'

South African consumers look beyond price when actively seeking value for money while grocery shopping, with their perceptions of physical characteristics...

14 Mar 2017

Queenspark interim profit plummets from previous period
Queenspark interim profit plummets from previous period

Clothing retailer Queenspark reported interim profit of R3m for the six months to end-December – a fifth of the matching period's R15m...

By Robert Laing 13 Mar 2017

PJ Pops prove the power of product innovation
PJ Pops prove the power of product innovation

Pierre Jourdan Popsicles hit shelves in South Africa in September, and has since garnered upwards of R1million in sales...

10 Mar 2017

Arnold pronto via
Clover caught between drought and embattled consumers

Dairy products group Clover complained that it was squeezed between the rising raw milk prices due to the drought and consumers unable to afford higher food prices...

2 Mar 2017

Little hope in sight for SA's retail sector
Little hope in sight for SA's retail sector

The food and drug retailers index rallied just under 9% last week following the release of better-than-expected results from grocery giant Shoprite...

By Colleen Goko 28 Feb 2017

#eComConfex: A crash course in cross-border e-commerce
#eComConfex: A crash course in cross-border e-commerce

As the CEO of the continent's largest online shopping platform, Nigeria-born Chris Folayan knows a thing or two about creating online experiences...

By Lauren Hartzenberg 27 Feb 2017

Coffee wars heat up – JDE vs Nestlé
Coffee wars heat up – JDE vs Nestlé

Jacobs Douwe Egberts (JDE) and global market leader Nestlé are in a market struggle, since the formation of JDE in 2015...

By Matthew Barry 24 Feb 2017

Discott via
Massmart shareholders get good returns, as sales reach R91.3bn

Massmart, majority owned by WalMart, announced its full-year results for the 52 weeks to December 2016, indicating good margin management and astute expense control...

24 Feb 2017

sipa via
BAT sells more cigarettes in 2017 driven by Rothmans' brand appeal

Despite government efforts to curb smoking, British American Tobacco (BAT) increased the number of cigarettes it sold in 2016 slightly to 665-billion...

By Robert Laing 24 Feb 2017

Shoprite's overall sales up 14% to R71.3bn
Shoprite's overall sales up 14% to R71.3bn

Whitey Basson ended his run as Shoprite CEO on a high note, the grocery chain's interim results released on Tuesday morning showed...

By Robert Laing 22 Feb 2017

Direct selling succeeds through personal touch, stringent codes
Direct selling succeeds through personal touch, stringent codes

According to the Direct Selling Association of South Africa, this succesful sector provides jobs for 1.1 million independent business owners, which is increasing by over 13% annually...

17 Feb 2017

Woolworths' earnings per share drop
Woolworths' earnings per share drop

Despite difficult trading conditions in both South Africa and Australia, Woolworths Holdings announced that group sales increased by 6.7% to R37.8bn and profit before tax increased 37.9%, following the sale by David Jones of its Market Street property in Sydney for a profit of $172m (R1762m)...

17 Feb 2017

Black Friday shopping saves SA's retail sales from disaster
Black Friday shopping saves SA's retail sales from disaster

High unemployment and weak economic growth curbed retail sales growth to 1.9% in 2016 compared to the 3.3% growth recorded in 2015...

By Sunita Menon 16 Feb 2017

(c) Andriy Popov -
SA's retail sales edge slightly higher in December

December's total retail sales were 0.9% higher than the same month in 2015, beating the economists' consensus of 0.2% growth...

By Sunita Menon 16 Feb 2017

‘Love Index' shows South Africans still romantic at heart
‘Love Index' shows South Africans still romantic at heart

The annual ‘Mastercard Love Index' reveals South African shoppers feel loved and are spending more on Valentine's Day...

14 Feb 2017

Pernod Ricard posts positive South African results
Pernod Ricard posts positive South African results

Pernod Ricard has announced its first-half earnings, reporting high single digit volume growth for the first six months in South Africa...

13 Feb 2017

Struggling retailers seek silver bullet in Amazon era
Struggling retailers seek silver bullet in Amazon era

Want a coffee while you shop? A glass of wine? Those are just few of the gimmicks being rolled out by retailers as they fight to boost store traffic...

10 Feb 2017

Reduce customer queues with mPOS
Reduce customer queues with mPOS

Businesses can ease month-end queues simply by adding a mobile point-of-sale device to their traditional POS solution...

By Bronwyn Watt 10 Feb 2017

Spar lags peers as share price drops
Spar lags peers as share price drops

It has been a tough start to the year for Spar Group, which has seen its share price shed about 10% so far in 2017...

By Colleen Goko 9 Feb 2017

Hermès bags record sales in 2016
Hermès bags record sales in 2016

Luxury goods maker Hermes said on Wednesday it booked record sales in 2016, thanks to strong demand in all regions...

9 Feb 2017

Hot drinks grow fastest in MEA, coconut water market hits double digits
Hot drinks grow fastest in MEA, coconut water market hits double digits

Euromonitor International has released its new hot and soft drinks industry data, which indicates the fastest growth in hot drinks is in the Middle East and Africa...

3 Feb 2017

Spur CE Pierre van Tonder.
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RocoMamas bolsters Spur's interim results

Spur Corporation gave a credible performance in the first half of its financial year, but its franchise, RocoMamas, sizzled in the period, growing existing restaurant sales by 45%...

By Colleen Goko 30 Jan 2017

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Shoprite profits come roaring in

Despite a tough local market, Shoprite has edged its rivals and its rest of Africa play is going swimmingly...

By Stafford Thomas 30 Jan 2017

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Clicks sets a fine example

Promotional activity during Christmas drove consumer spending at beauty and health-care retailer Clicks, despite aggressive discounting elsewhere in the retail sector...

By Palesa Vuyolwethu Tshandu 27 Jan 2017

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Lewis shares unaffected by quarterly revenue fall

The Lewis share price held up reasonably well on Wednesday despite the release of yet another grim trading update from a major retail group...

By Ann Crotty 27 Jan 2017

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