Wholesale trade sales decrease by 0.3% in October

Wholesale trade sales decreased by 0.3% year on year in October, figures released on Thursday by Statistics SA showed. Month on month, seasonally adjusted wholesale trade sales decreased by 1.1% in October. This followed month-on-month changes of 2.4% in September and -1.5% in August. In the...

19 Dec 2016

German retail sales higher in January: data

FRANKFURT - German retail sales, a closely watched measure of household confidence, rose in January, suggesting consumer sentiment in Europe's top economy remains robust, official data showed on Monday... Retailers' sales expanded by 0.7 percent in January compared with December, the federal...

1 Mar 2016

Income from food and beverages up 7.7% in 2015

Measured in nominal terms (current prices), total income generated by the food and beverages industry increased 7.7% in 2015 compared with 2014, Stats SA said on Monday. In December 2015, total income increased 8.4% year on year. Positive annual growth rates were recorded for bar sales (9.6%) and...

23 Feb 2016

Wholesale trade sales up 0.6% y/y in December

Measured in real terms (constant 2012 prices), wholesale trade sales increased 0.6%% year on year in December 2015, Statistics SA data showed on Thursday. Wholesale trade sales increased 2% in 2015 compared with 2014. Seasonally adjusted wholesale trade sales increased 0.2% in December 2015...

19 Feb 2016

Lewis revenue affected by new affordability assessment regulations

Furniture group Lewis (LEW) said on Monday that trading conditions for the nine-month period ended 31 December 2015 had remained extremely challenging. It said sales had been affected by weak consumer demand, constrained employment, the drought in the agricultural sector and difficulties in the...

26 Jan 2016

Income from food and beverage up 6% y/y in November

Measured in nominal terms (current prices), total income generated by the food and beverage industry increased 6% in November 2015 compared with November 2014, Statistics South Africa said on Monday. The highest annual growth rates were recorded for other income (10.9%) and bar sales (8.6%), it...

26 Jan 2016

Clicks sales increase 13.6%

Clicks Group (CLS) sales were up 13.6% in the 20 weeks to 17 January, amid an environment of declining consumer confidence and increasing economic uncertainty, the company said. Clicks reported comparable store sales growth of 10.6%. The Body Shop increased sales 12.7% and Musica grew sales...

22 Jan 2016

Foschini sales up 27% in December

Christmas trading was "above expectation" with group sales growth for December of 27.2%, The Foschini Group (TFG) said in a sales update on Monday. Group sales for the nine months to 26 December 2015 increased 33%. "Sales post Christmas to 9 January 2016 have been good with group sales...

12 Jan 2016

Wholesale trade sales stable year-on-year

Wholesale trade, when measured in real terms (constant 2012 prices), has remained stable despite the slowdown in the South African economy, data from Statistics SA showed on Thursday. Seasonally adjusted wholesale trade sales fell 0.8% in October 2015 compared with September 2015. This followed a...

11 Dec 2015

Tiger Brands declares gross final dividend of 611c per share

SA's biggest food producer, Tiger Brands, said on Thursday that the group had recorded a solid performance during the year, driven by its core South African businesses. "However, this was partially offset by underperformance in certain of its international operations," the company said. In...

19 Nov 2015

Wholesale trade sales up 1% y/y in September 2015

Wholesale trade sales, when measured in real terms (constant 2012 prices), decreased by 1% year on year in September 2015, data from Statistics SA showed on Thursday. Seasonally adjusted wholesale trade sales increased by 1.7% in September 2015 compared with August 2015. This followed a...

19 Nov 2015

Woolies sales up 17.7% in first five months

Woolworths Holdings Limited sales increased by 17.7% in the first 20 weeks of the 2016 financial year, compared to the 20-week period a year earlier, the retailer said in a trading update on Tuesday, after the market closed...

18 Nov 2015

Food and beverages industry income up 8.4% in August

Total income in the food and beverage industry increased 8.4% in August 2015 compared with August 2014, Stats SA said on Monday. Positive annual growth rates were recorded for food sales (9.7%) and bar sales (8.5%). In August 2015, the highest annual growth rates were recorded for restaurants...

27 Oct 2015

Wholesale trade sales down 0.1% y/y in August 2015

Wholesale trade sales, when measured in real terms (constant 2012 prices), decreased by 0.1% year on year in August 2015, data from Statistics SA showed on Thursday. Seasonally adjusted wholesale trade sales decreased by 1% in August 2015 compared with July 2015. This followed month-on-month...

23 Oct 2015

Cashbuild posts 13% Q1 revenue

Hardware chain Cashbuild said on Wednesday its revenue for the first quarter was up 13%. In its first quarter operational update, the company said 10 new stores opened since 1 July 2014 had contributed 3% of the increase, while existing 213 stores accounted for 10%. "Transactions through our...

22 Oct 2015

Zeder interims HEPS drop 57.9% to 6.1c

Zeder (ZED) on Monday reported headline earnings per share (HEPS) for the six months ended August fell 58% to 6.1c from the matching period's 14.5c. The food producer holding company said this was due to nonrecurring performance fee expenses and marked-to-market losses, mainly due to the...

6 Oct 2015

Quantum Foods FY HEPS seen 343% higher

Quantum Foods (QFH) expects headline earnings per share in the year to September to surge by a minimum of 343% from a year-earlier period. The company said on Wednesday that lower maize and soya meal costs due to an improved international stock situation benefited both broiler and egg production...

17 Sep 2015

Wholesale trade sales up 8.8% y/y in July 2015

Wholesale trade sales, when measured in real terms (constant 2012 prices), increased by 8.8% year on year in July 2015, data from Stats SA showed on Thursday. Seasonally adjusted wholesale trade sales increased by 2.5% in July 2015 compared with June 2015. This followed month-on-month changes of...

17 Sep 2015

Rex Trueform sees FY HEPS at 102c from loss of 41c previously

Rex Trueform Clothing Company (RTO) sees headline earnings per share (HEPS) for the year ended June 30 2015 at 102c per share, from the headline loss of 41c per share in the year-earlier period, the company said in a trading statement on Thursday. The year-end results are due to be published on 7...

4 Sep 2015

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...

26 Aug 2015

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...

21 Aug 2015

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...

20 Aug 2015

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...

16 Jul 2015

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...

16 Jul 2015

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...

22 Jun 2015

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...

19 Jun 2015

Submit news