The Retailers community of Zimbabwe

Retail rewind - a year in review 2011

Fri, 06 Jan 2012 08:19:00 +0200

The approval of the Wal-Mart/Massmart deal will go down as the highlight of the retail sector in 2011.
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Pick n Pay increases shareholding in TM Supermarkets

Mon, 12 Dec 2011 10:53:00 +0200

On 8 December 2011, the shareholders of TM Supermarkets voted unanimously to allow Pick n Pay to purchase an additional 24% of shares, bringing its holdings up to 49%. The Competition and Tariff Commission of Zimbabwe agreed, subject to certain conditions pertaining to labour and local procurement of goods.
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Judging panel announced for 2011 Diageo Awards

Tue, 15 Mar 2011 10:37:00 +0200

LONDON: The panel of judges has been announced for the eighth Diageo Africa Business Reporting Awards set to take place on 30 June 2011. The annual awards aims to encourage more prolific reporting of economic opportunities in Africa and to celebrate excellence in business journalism.
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OK dominates as Zimbabwe's preferred retailer

Mon, 21 Feb 2011 09:48:00 +0200

Zimbabwe's retail super-brand winner 2010, supermarket franchise Spar, and TM Supermarkets, the biggest supermarket by outlets, trailed rival OK Supermarkets as the most preferred outlet, with emerging Chinese-owned Afro-Foods Supermarkets taking the fourth spot.
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No word from Zimbabwe on halting deal

Wed, 26 Jan 2011 09:10:00 +0200

SA's second-largest grocer, Pick n Pay, said on Tuesday (25 January 2011) that it had not received any notification from the Zimbabwean government of its intention to halt its bid to acquire 24% of Zimbabwean retailer TM Supermarkets.
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Massmart sells Zim stores to OK Zimbabwe

Fri, 10 Dec 2010 11:22:00 +0200

South Africa's Massmart, a sitting duck for a US$2 billion takeover bid by US retailer Wal-Mart Store Inc., has sold its Zimbabwe unit to retail group, OK Zimbabwe. The deal ends months of speculation over Massmart's planned disposal of Makro Zimbabwe and the identity of the buyer.
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Hope for full global economic recovery in 2010 diminishes

Wed, 27 Oct 2010 06:22:00 +0200

NEW YORK, US: After an upbeat start to the year with two consecutive quarters of increases in optimism, global consumer confidence fell three points in September to an Index of 90 as consumers' hopes for a full economic recovery this year fades in most parts of the world, according to the latest edition of the Nielsen Global Consumer Confidence Index.
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Zim: An apparel shop and a funeral plan

Mon, 23 Aug 2010 12:09:00 +0200

There is a new signal that seasons have changed in Zimbabwe, and it is the apparel shops displaying "winter clearance sale" or "summer fashions just arrived" signs on their display windows.
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Pick n Pay to bailout Zim retailer

Mon, 24 May 2010 10:07:00 +0200

Meikles Ltd CEO Brendan Beaumont has confirmed negotiations with South Africa's Pick n Pay over Zimbabwe's TM Supermarkets, saying the supermarket chain requires US$21 million, or R167 million at the ruling exchange rate, in fresh capital.
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Pick n Pay to acquire Zim TM Supermarkets shares

Mon, 10 May 2010 08:09:00 +0200

South Africa's retail group Pick n Pay was said to have reached an agreement on extending its shareholding in Zimbabwe's TM Supermarkets, currently majority-owned by Kingdom Meikles. The deal is said to be part of a recovery plan for the Kingdom Meikles group, whose retail operations need significant cash injections for refurbishment and restocking.
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