The rise and fall of big retail brands
Fashion brands have been seeking growth through mergers and acquisitions. Two weeks ago
Michael Kors agreed to buy British shoemaker to the stars Jimmy Choo for an approximate $1.2 billion, and now Canadian shoe company
Aldo will be acquiring the Camuto Group. The deal results in a new footwear powerhouse, significantly broadening the reach of both companies. More details in today's top story.
While one giant is born, another falls. Last week marked the official
closure of 159-year-old South African retailer Stuttafords. Last-minute attempts to rescue the stores in Eastgate and Sandton failed, and the 950 people (in SA, Namibia and Botswana) who were employed before the entire business rescue process began, are out of work. For South Africa, it is the end of a piece of retail history.
In more positive news,
Albany Bakeries launched its new state-of-the-art facility in Bellville last week, following a R350 million investment. The investment included an interior upgrade for the existing bakery and the building of a new plant boasting a lower carbon footprint and increased production efficiency - doubling output capacity from 6,000 loaves baked per hour to a whopping 12,000.
Ending off, global speaker and trend specialist
John Sanei recently shared his thoughts with members of the SACSC Gauteng Chapteron, on how businesses can be forever profitable, especially in the retail and shopping centre industry. Well worth a read.
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". | |
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| Alistair Anderson The 2017 financial year was "one of the toughest if not the toughest" in the history of Ellies Holdings, according to CEO Wayne Samson... read |
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| Boris Dzhingarov, Issued by Monetary Library Buying online is almost second nature for many of today's consumers, but there are still some common friction points that make online shoppers feel uncomfortable... read |
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| Bata South Africa is currently restructuring, repositioning and revamping its operation nationwide to be in line with brand uniformity across the globe... read |
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| The ignominy of it all. SA Breweries (SAB) was once a colossus that strode across the global beer market, inspiring fear and respect (well, sometimes) wherever it went... read |
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| After much anticipation, the winning wine producers of the 2017 Absa Top 10 Pinotage competition have been announced... read |
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| British American Tobacco is being investigated for possible fraud regarding company activities in Africa, it announced on Tuesday... read |
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| At the International Wine and Spirits Competition in London, South African brandies won 27 medals and the trophy for Worldwide Best Brandy... read |
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| Profumi D'Italia Marketing has launched the premium Italian Biostilla Organic Gin in South Africa... read |
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| Twiga Foods, the Kenyan business-to-business food supply platform, has raised $10.3m in Series A Investment Round... read |
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| Cape Cola is running a crowdfunding campaign to raise enough money to expand its locally-sourced, ethically-produced cola soft drink business... read |
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| Giulietta Talevi More than R200bn was wiped off the value of British American Tobacco (BAT) shares at one point on Friday... read |
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| Futurelife began in 2007, as a social project to help improve the lives of malnourished and disadvantaged people in sub-Saharan Africa... read |
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| While locals have been known to enjoy dining out, many of the country's chompers are choosing to eat in with gourmet cuisine and fast-food meals available at the tap of a finger... read |
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| Bushman's Kloof Wilderness Reserve has been named Best Diamond Award winner by the Diners Club Winelist Awards. read |
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| Neha Mishra and Ronald Hall “Let's scrub out that tan” is a common refrain in beauty parlours in India, where girls grow up with constant reminders that only fair skin is beautiful... read |
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| Continental Free Trade Area negotiations are expected to conclude at the end of 2017 with a firm policy in place to benefit all countries in Africa and reduce poverty... read |
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| With the global bakery and confectionery market predicted to reach €436 billion and €203 respectively by 2020, the specialist packaging industry is gearing up... read |
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| Issued by Insight Survey Insight Survey's latest SA Sports and Energy Drinks Industry Landscape Report 2017 carefully unfolds the sports and energy drinks markets based on the latest information and research... read |
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| Issued by GfK South Africa Small domestic appliance sales in South Africa declined 17% to US$228m (about R3bn) in 2016, with kettles and irons accounting for 43% of market value... read |
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| Issued by Guerrilla IMC Cadbury's (Mondelez) Martian campaign has landed in South Africa in the last few weeks and it's everywhere, but it's an ‘out-of-this-world' platform that's targeting consumers right at the point of purchase... read |
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| Jessica Edgson All brands eventually need to evolve as the world changes, but to different degrees and at different paces. How do you know your brand is ready? read |
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| Tom Jackson Global retailer Ikea has opened applications to its first startup accelerator and is looking for companies that can help it solve “big problems” around being truly affordable... read |
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| The winners of the annual V&A Waterfront Customer Excellence Awards have been announced... read |
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| Italtile and its shareholders will know by 30 September whether a planned acquisition of Ceramic, for a consideration of R3.61bn, will get the go-ahead... read |
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| Retailer TFG said on Tuesday it had raised R2.5bn through an accelerated bookbuild process... read |
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| Robert Laing Pick n Pay's share price fell 3.4% to R59.26 on Monday morning after it warned shareholders retrenchment costs would drag down its interim headline earnings... read |
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| Issued by XON Retail Solutions Pick n Pay Coachmans Crossing has deployed more than 11,000 refurbished Pricer electronic shelf labels (ESL) from XON Retail... read |
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| Technology group Wärtsilä and DHL have completed a successful pilot, where the companies tested mobile robots of Fetch Robotics in the daily operations of the warehouse... (video) read |
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| If passed by Parliament, the Draft Taxation Laws Amendment Bill proposal to remove foreign remuneration tax exemption will impact the willingness of South Africans to work abroad... read |
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- Apple names First Technology as authorised SA reseller - more info
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Customer relationsProvox Centre for Public Relations & Communication - 24 Aug 2017 to 25 Aug 2017, Johannesburg |
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Raf Simons "I'm usually very attracted to things that I can't define. If something's too clear, it's very often not inspiring to me anymore." Leonardo da Vinci "Learning never exhausts the mind." Alexander Wang "When you focus on the consumer, the consumer responds." Carolina Herrera "Fashion has always been a repetition of ideas, but what makes it new is the way you put it together." Grace Jones "I just go with the flow, I follow the yellow brick road. I don't know where it's going to lead me, but I follow it." |
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