Retail in brief

South AfricaYour industry
Iliad H1 HEPS 31.4c from 30c

Iliad Africa (ILA) recorded headline earnings per share (HEPS) of 31.4c in the six months ended June 2015 from 30c in the previous comparable period, the building materials company said on Tuesday. The past few years have been challenging for the industry, the company said. Iliad's focus on...

Up to 75% off at Adriaan Kuiters + Jody Paulsen AW15 sale

Making a fashionable appearance at Mercedes-Benz Fashion Week Cape Town barely two weeks ago, Keith Henning and Jody Paulsen will be on hand on Thursday, 27 August to meet shoppers over champagne at their Kloof Street store, where you'll be able to get up to 75% off Adriaan Kuiters + Jody Paulsen's...

SA steel production surges 41.3% y/y in July to 645,000 tons: worldsteel

South African steel production surged 41.3% year on year (y/y) in July to an estimated 645,000 tons after rising 2.3% y/y in June to 530,000 tons, according to the World Steel Association (worldsteel). The June production was the first year-on-year increase so far in 2015 and seemed to herald a...

Wholesale trade sales up 0.4% y/y in June 2015

Wholesale trade sales, when measured in real terms (constant 2012 prices), increased by 0.4% year on year in June 2015, data from Stats SA showed on Thursday... Seasonally adjusted wholesale trade sales decreased by 0.5% in June 2015 compared with May 2015. This followed a month-on-month increase...

Massmart slides 11% to multi-month lows on trading update

Massmart (MSM) lost about R3bn of its market value as investors sold the stock following its weak trading update. In a terse statement, the retailer said it expected headline earnings per share in the six months to June to drop by between 22.4% and 29.8% from a year ago. The sell-off left the...

International delegates to visit Hisense Export Strategy Conference

As part of the company's commitment to Africa, Hisense South Africa has invited a number of international delegates and government officials to a two-day event in Cape Town starting on Thursday, 30 July. The Hisense Be Inspired Export Strategy Conference will have partners from Africa, the Middle...

Woolworths jumps 5% after trading update

Woolworths' (Woolies) shares jumped more than 5% on Wednesday, boosting its market value by R5bn, as investors welcomed its trading update. The retailer expects sales in the 52 weeks to June to jump by 54.9%, boosted mainly by David Jones, which it acquired last year for just over...

Massmart 26-week sales up 9% to R38.9bn

Massmart Holdings (MSM) on Wednesday reported total sales increased to R38.9bn in the 26 weeks to 28 June 2015, up 9% over the prior comparable period, with estimated product inflation of 3.7%. Sales growth for Massdiscounters increased by 9.1%, Masswarehouse sales were up 10.9% and Massbuild...

Clover FY HEPS seen at least 20% up

Dairy group Clover Industries said on Monday it expected its headline earnings per share (HEPS) for the year ended June 2015 to be at least 20% or 20.55 cents higher than HEPS of 102.7 cents reported in the previous corresponding period. Over the same period, earnings per share (EPS) is expected...

Grant's Whisky launch #IOU campaign

Grant's Whisky launched a new TV campaign entitled '#IOU Africa'. Aligned with the Grant's #IOU campaign, the TV spot challenges the notion of individual success and reflects the reality that none of us have made it this far in life on our own but sometimes we find it hard to express gratitude to...

Astrapak in multi-year supply deal, partnership

Packaging company Astrapak announced on Wednesday it had concluded a multi-year supply agreement in a partnership deal that has been reached with one of South Africa's largest fast moving consumer goods (FMCG) companies. In terms of the deal, Astrapak will continue to supply a major portion of...

British retail sales rise in May

LONDON: British retail sales rose in May from the previous month, helped by demand for food, household goods and petrol, official data showed Thursday, 18 June. Sales by volume increased 0.2% last month compared with April, the Office for National Statistics (ONS) said in a statement. That...

Astrapak disposal of Cinqpet goes ahead

Plastic packaging group Astrapak said the disposal of one of its units is going ahead, as all conditions had been met. In terms of the deal, Astrapak will sell its subsidiary Cinqpet to Boxmore Plastics SA for about R44.4m. All suspensive conditions, including the requisite approvals of all...

Wholesale trade sales down 6.3% y/y in April

Measured in real terms (constant 2012 prices), wholesale trade sales decreased by 6.3% year on year in April 2015, data from Stats SA showed on Thursday... Seasonally adjusted wholesale trade sales decreased by 6.5% in April 2015 compared with March 2015. This followed month-on-month increases of...

Piper-Heidsieck wines win Golds

The Maison Piper-Heidsieck's wines, Cuvée Brut and Rare 2002, have each won the Gold Medal at the 2015 Concours Mondial de Bruxelles for the second year in a row. Cuvée Brut possesses a structured, full body and is a franc wine bursting with fruit champagne. Cuvée Brut is currently available...

Nampak switches to new segmental reporting structure

Packaging group Nampak confirmed on Wednesday it had revised its historical segmental reporting structure to report by substrate only. The change was prompted by the significant business restructuring of the Nampak portfolios, as well as IFRS (International Financial Reporting Standards)...

Zara owner Inditex sees surge in profits as sales rise

MADRID: Spanish global clothing giant Inditex, owner of the Zara brand, on Wednesday reported a 28% surge in quarterly profits thanks to rising sales. The first quarter net profit of 521 million euros ($589 million) was better than expected by analysts quoted by financial data firm Factset, who...

Apple Pay to launch in Britain

SAN FRANCISCO: Apple has announced it will launch its tap-to-pay mobile payments system in Britain next month, allowing iPhones to be used to pay at 250,000 locations including London's transit system. "We are now excited to announce we are bringing Apple Pay to the UK, and it is coming next...

New wine from Neil Ellis reflects family tradition
New wine from Neil Ellis reflects family tradition

The newly launched Webb Ellis wine, a 65% Cabernet Sauvignon from the Jonkershoek Valley and 35% Syrah from Groenekloof in Darling, reflects the new generation of winemaking at Neil Ellis Wines. The wine takes its name from the Ellis and Webb families: Neil's wife Stephanie's maiden name is Webb. It...

Takealot lets you upgrade your homestead for less with 'cheaper than Nkandla' fire pool

Takealot.com is now officially SA's largest etailer, and is using its name to poke fun at the recent Nkandla report with its latest ad. In it, the etailer says it's easy for anyone to upgrade their home cost-effectively - think along the lines of a blow-up fire pool. The best part? They say: "If...

Apple Watch bobs to local shores
Apple Watch bobs to local shores

The Apple Watch is now available in South Africa through the country's largest e-tailer, takealot.com. The Sport model can be purchased in three different colours - white, green and blue - for R9,999, and comes with a 38mm silver case. The black Apple Watch will be released shortly. The device is an...

New Loire-inspired Chenin Blanc from Leopard's Leap
New Loire-inspired Chenin Blanc from Leopard's Leap

The terroir-specific wines of France inspire the Leopard's Leap Culinaria Collection and its 2014 Culinaria Chenin Blanc represents the characteristic freshness and fruitiness associated with wines from the Loire Valley. Excellent with shellfish and other seafood, herbs and vegetable dishes, the...

SABMiller announces retirement of Tony van Kralingen

SAB Miller group director of integrated supply and human resources‚ and a member of the group's executive committee‚ Tony van Kralingen intends to retire from SABMiller at the end of December 2015‚ the group announced on Tuesday, 14 April 2015. CEO Alan Clark said the intention was to split Tony's...

Makaron Restaurant launches Sunday brunch
Makaron Restaurant launches Sunday brunch

Makaron Restaurant at Majeka House, Stellenbosch has extended its offering to Sunday brunch between 10.30am and 3pm. Launched on Easter Sunday, resident chef Tanja Kruger offers homemade, handmade, artisan and gourmet treats from organic fruit preserves to cured local trout. The spread will include...

Province Lighting/Automation/Switching expands

Province Lighting/Automation/Switching, specialised SABS-approved, commercial, industrial, retail and architectural lighting solutions, has expanded and recently opened up two new outlets in Johannesburg and Windhoek, Namibia. The Johannesburg outlet focuses on the commercial, industrial and...

CLIO Healthcare Awards open for entries

NEW YORK CITY, US: The CLIO Healthcare Awards are open for entries. The CLIO Healthcare Awards is an extension of The CLIO Awards, one of the world's most recognised awards competitions for advertising, design and communications. Over the last several years, healthcare has become one of the most...

Eskom has issued a load-shedding alert

Eskom has announced South Africans could be in for another bout of load shedding. It made the announcement this morning.

New packaging for Van Loveren wines
New packaging for Van Loveren wines

Van Loveren has created a new packaging for its range of wines, featuring a more modern and elegant label that appears with a different, applicable colour for each cultivar. The first to feature the new look is the early release of the 2015 Sauvignon Blanc, perfect for a portion of smoked salmon or...

New releases from Fat Bastard
New releases from Fat Bastard

Robertson Winery has released two new wines available nationally in the Fat Bastard range. These are Fat Bastard Merlot 2013, excellent with roast lamb, oxtail or lamb cutlets and available at a retail price of R95-R100 and Fat Bastard Pinot Noir Rosé, suggested as an excellent pairing with seared...

Phix-ing cracked cellphone screens
Phix-ing cracked cellphone screens

A company in the north of Johannesburg, Phix, has launched a cellphone screen repair business, offering free pick-up and delivery anywhere in its area with an AAA grade replacement. All consumers need to do is log onto the website, www.phix.co.za, create an account, add the make and model of the...

Next >Submit news