The Retailers community of South Africa

Wanted! A 'hard-as-nails' CEO for Pick n Pay

Thu, 09 Feb 2012 14:11:00 +0200

To steer it through its turnaround strategy, Pick n Pay will need to find a hard-as-nails CEO who really understands the food retail industry, Nedcor Securities analyst Syd Vianello said on Wednesday, 8 February.
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Amazon planning first real-world shop

Wed, 08 Feb 2012 15:15:00 +0200

SAN FRANCISCO, USA: Online retail titan Amazon will open its first real-world shop in just a few months, according to a blog devoted to news about electronic readers such as the popular Kindle.
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Pick n Pay CEO resigns

Wed, 08 Feb 2012 14:38:00 +0200

Pick n Pay CEO Nick Badminton will be resigning from the board of Pick n Pay, effective the end of the financial year, the retail giant announced today, 8 February. Badminton will, however, be available to assist the company and its chairman in the transition period.
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South African retailers more optimistic than international counterparts

Wed, 08 Feb 2012 14:16:00 +0200

Retail made doom-and-gloom new year headlines in the US and UK. A Deloitte survey revealed that retail insolvencies in the UK soared by 25% in the final three months of 2011 and more are expected. In South Africa, large retailers are proving resilient by comparison.
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Wal-Mart appoints new China boss after pork scandal

Tue, 07 Feb 2012 14:50:00 +0200

BEIJING, CHINA: US retail giant Wal-Mart on Tuesday, 7 February, named a new chief executive for its China operations, four months after the retailer's former boss quit following a scandal over falsely labelled pork.
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Holdsport five-month total sales up 11.5%

Tue, 07 Feb 2012 14:45:00 +0200

Holdsport (HSP), which runs the Sportsmans Warehouse and Outdoor Warehouse stores, said on Monday, 6 February, that total sales for the five months ended 31 January 2012 increased by 11.5% compared to the corresponding period last year.
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Consumers are under pressure

Fri, 03 Feb 2012 14:18:00 +0200

SA retailers as a group have revelled in a decade of remarkable growth, and the high ratings of their shares may suggest there's more to come. But there are warning signals too.
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AVI earnings seen up 30% to 194.4c

Tue, 31 Jan 2012 15:11:00 +0200

Consumer goods group AVI announced on Tuesday, 31 January, that it expected headline earnings per share for total operations in the six months to December 2011 to increase by 30% to 194.4 cents, from 149.9 cents a year ago.
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Massmart earnings seen 10%-18% higher

Tue, 31 Jan 2012 15:04:00 +0200

Consumer goods distributor Massmart Holdings advised on Tuesday, 31 January, that headline earnings per share (HEPS) would be between 10%-18% higher, or 402.4 cents to 431.6 cents, for the six months to 25 December 2011.
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Lewis merchandise sales up 5.5%

Fri, 27 Jan 2012 13:01:00 +0200

Retailer Lewis Group on Friday, 27 January, said merchandise sales for the quarter ended 31 December 2011 increased by 5.5% off a high comparative base of 13% last year.
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