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SA's big retailers in the limelightSA's largest and oldest retailers have been the focus in our latest news. In today's top story, the rescue plan to save 159-year-old Stuttafords may hit smaller creditors hard and critics are saying that, for small suppliers already on the breadline, writing off more than 77% of what they're owed by Stuttafords could cause them to go bust. Meanwhile, the mega tie-up between Shoprite and Steinhoff is causing jitters as questions remain around whether SA's wealthiest man, Christo Wiese, will be allowed to vote his shares in the mega Shoprite-Steinhoff deal. In other big news, Moody's Investors Service has joined other ratings agencies and withdrawn all of its ratings on Edcon, saying Edcon's capital restructuring will short investors on what the company had initially promised them. On a more positive note – it's Monday after all – Woolworths is looking to source more goods from SA and the Southern African Development Community and, despite the ‘tough' retail scene, expects to grow its market share. The retailer's CEO, Ian Moir, says this focus has proven to be good for business thus far. Enjoy the read, and have an inspired week! Lauren Hartzenberg
Retail Editor: Bizcommunity.comComment online in our ed's column archive. Go mobile with apps and m.bizcommunity.com. Engage with us on Twitter, Facebook, LinkedIn and Google+. Subscribe to YouTube and via RSS. Send all your retail news and event invitations to retailnews@bizcommunity.com, exclusive opinion pieces to contributors-retail@bizcommunity.com and international news to internationalnews@bizcommunity.com. Read "How to contribute to Biz, from op-ed pieces to news". | Weekly top stories |
|  | [Rob Rose] A contentious “rescue plan” to save 159-year-old retailer Stuttafords goes to a vote today in what promises to be a hot-tempered meeting... read |
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Colleen Goko Woolworths is looking to source more goods from SA and SADC and, despite ‘tough' retail scene, expects to grow market share... Read | Colleen Goko Moody's Investors Service has joined other rating agencies and withdrawn all of its ratings on Edcon. Earlier this month S&P Global also announced... Read | Ann Crotty Six weeks into the new year, the big question dominating chatter in the investment community is this: will SA's wealthiest man be allowed to vote his shares... Read |
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 | Bradley Elliott The retail space is changing drastically through the evolution of technology, such as artificial intelligence (AI), which can offer retailers better control over stock flows and better customer service... read | |
|  | Cari Coetzee FOODwelove aims to change how offices eat by offering desk jockeys the option to have a healthy and wholesome lunch delivered in a cleverly designed box, straight to their desk... read | |  | Jessica Tennant When asked how you are, the typical response used to be ‘Fine, thanks'. These days, it's more often than not ‘So busy!'. All the more reason for a planner to help organise your life and keep your daily schedule in check, and one that you actually would make the time to use and, better still, enjoy... read | |  | Sindy Peters What started off as a humble project 13 years ago has blossomed into Clover's flagship CSI programme... read | |  | Decorex SA 2017, showcasing in KwaZulu-Natal, Western Cape and Gauteng, will feature four expertly-designed kitchen stands in the Franke Kitchen Trends-sponsored feature... read | |
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 | 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)... read | |  | James Noble Whether one is considering taking a leap into entrepreneurship or thinking of adding to one's growing business portfolio, investing in the fuel retail sector might offer... read | | |
 | MFM 92.6 identified one of the biggest barriers to successful learning as stationery and, in partnership with Checkers and the Stellenbosch community, donated stationery... read | |  | Shoprite Checkers has again supplied the sixty-five entrants into the annual Heidelberg Giant Pumpkin Festival with special hand-selected pumpkin seeds imported from Canada... read | | |
 | Nigerian contemporary lifestyle retail group, The Style Group is offering fashion, accessories and design services via modern social media commerce. In the booming social media and e-commerce market of Nigeria, its model is a hit and is reaching thousands of Nigerians eager to shop online. read | |  | The Estée Lauder Companies has partnered with Nigerian online retailer Jumia to launch three of the company's brands – Clinique, Estée Lauder and Aramis... read | |  | Tom Jackson South African startup Stockup, which facilitates the online purchase and delivery of beverages and groceries, has pivoted to an on-demand model and added new products to its line. read | | |
 | Issued by Pyrotec Being held from 26-28 July at the Durban Exhibition Centre, the KwaZulu-Natal Industrial Technology Exhibition (KITE) is a horizontal trade show that showcases industrial products, services and solutions targeted at industrial industries in the KwaZulu-Natal region... read | |  | On Saturday 11 February 2017, the annual Cape Wine Auction raised a record-breaking R22.3 for its 22 beneficiaries that affect education and the lives of children... read | | |
 | Issued by Insight Survey Pets are becoming increasingly important, with a growing number of pet owners treating their pets as family members, and spending more on their pets. Can similar trends be seen in South Africa?... read | |  | A South African study has identified key areas of the global food supply chain where high losses occur, particularly in developing countries. Reducing food losses and waste can contribute to efforts to alleviate world hunger... read | |  | The plum season in South Africa is two-thirds underway, with varieties such as African Delight, Flavour King, Laetitia, Songold, Southern Belle and Angeleno currently being picked... read | |  | Euromonitor has released its new health and wellness research that indicates health and wellness continue to outperform the wider packaged food and soft drinks industries... read | |  | Japanese brewer Kirin said Monday it would sell its Brazilian unit to Dutch beer giant Heineken for $706 million, citing a "stagnant and competitive" market... read | |  | Pernod Ricard has announced its first-half earnings, reporting high single digit volume growth for the first six months in South Africa... read | | |
 | Ocean Basket has signed an agreement with Kuwait-based food distributor Al-Ghunaim Trading Company to roll out five new stores in the country... read | | |
 | A new report recently published by WWF and ISEAL indicates how businesses can contribute strongly to the 2030 Agenda for Sustainable Development and unlock new market opportunities... read | | |
 | Neil Giles Food safety is a key area of focus for manufacturers, brands and retailers alike. Consumers must trust the products they purchase, therefore if there is a quality issue... read | | |
 | Gold Brands Investments has agreed to purchase a 50% stake in Hot Hot B Holdings, which owns Hot Hot Burger Bar, a themed burger restaurant chain... read | | |
 | In his 2017 State of the Nation address, President Jacob Zuma made frequent references to the need to create jobs and government's job creation initiatives... read | |  | Craig Dodds Minister Senzeni Zokwana accused of reneging on recovery plan... read | | |
 | A new retail home delivery service for townships, funded by the National Youth Development Agency (NYDA), has launched in Ekhuruleni... read | | |
 | Food processing and packaging solutions company, Tetra Pak has announced that it will invest €24m into Rayong, Thailand with its first factory for packaging closures in South Asia, East Asia and Oceania... read | |  | Issued by Mpact Plastics Mpact Polymers is a revolutionary state-of-the-art plant equipped to produce recycled PET, Savuka (Zulu for “revival”), for food and beverage packaging... read | | |
 | According to consumer research done by Pernod Ricard South Africa over the past festive season, consumers of top-end spirit brands continue to see socialising... read | | |
 | 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... read | |  | Puma's Run The Streets campaign gets a local twist with rapper Gigi Lamayne, 2015 South African Hip Hop Awards winner Nasty C, Digital Maskandi founder and artist Mashayabhuqe KaMamba, and Puma's own Rolo Rozay... read | | |
 | A newly announced business partnership between Panasonic and Mustek will enable Mustek to start distributing Panasonic products such as document scanners, Toughbook mobile computers and high definition visual communications (HDVC) video conferencing solutions... read | |  | Colleen Goko Italtile says it expects the second half of its financial year to be tougher than the first and will introduce a number of initiatives to cut costs... read | | |
 | Sunita Menon High unemployment and weak economic growth curbed retail sales growth to 1.9% in 2016 compared to the 3.3% growth recorded in 2015... read | |  | Sunita Menon December's total retail sales were 0.9% higher than the same month in 2015, beating the economists' consensus of 0.2% growth... read | |  | The annual ‘Mastercard Love Index' reveals South African shoppers feel loved and are spending more on Valentine's Day... read | | |  | WASHINGTON – Google announced on Thursday it was launching voice-activated shopping from its artificial intelligence-powered Home speaker, in a direct challenge to Amazon's Alexa devices... read | | | More International | |
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 | Brazilian bitcoin miner, CoinBR has come aboard as the second premier sponsor for the Blockchain Africa conference... read | |  | Sindy Peters With the global smart cities market projected to reach $1.56tn by 2020, SA still has much to do in terms of meeting the necessary infrastructure and connectivity requirements to smarten up our cities... read | |
| | | | | Customer relationsProvox Centre for Public Relations & Communication - 24 Aug 2017 to 25 Aug 2017, Johannesburg |
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|  Themed 'a channel in demand', the Ti Supplier briefing provides a unique platform for suppliers to engage directly with SA's leading independent retailers and wholesalers to understand the trends shaping this channel. Read more >>
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| Ralph Marston "What you do today can improve all your tomorrows." Vince Lombardi "The difference between a successful person and others is not a lack of strength, not a lack of knowledge, but rather a lack of will." Brian Tracy "I've found that luck is quite predictable. If you want more luck, take more chances. Be more active. Show up more often." Arthur Ashe "Start where you are. Use what you have. Do what you can." Marilu Henner "Most of us start out with a positive attitude and a plan to do our best." |
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