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GLOBAL

Global e-retail transaction values to exceed $4tn by 2024

E-retail transaction values will reach $4.8tn by 2024, up from $3.3 trillion in 2020, according to a new report from Juniper Research...

24 Mar 2020

SOUTH AFRICA

BBM Messenger's Adam Pattison on chat, dark social and the new mobile economy

On his visit to South Africa for the MMA (Mobile Marketing Association) Forum in Johannesburg on 2 November and Mobile Monday in Cape Town on 6 November, Adam Pattison, vice president, Americas & EMEA at BBM Messenger, shared insights into chat or dark social and how this is shaping the mobile economy...

By Jessica Tennant 20 Nov 2017

SOUTH AFRICA

Marks and Spencer slows food expansion plans

LONDON - Marks and Spencer, the British clothing-to-food retailer, announced on Wednesday a sharp rise in net profits on higher sales but plans to slow expansion of its number of standalone food stores...

9 Nov 2017

GLOBAL

Can online take-away businesses deliver for investors?

A queasy mix of excitement, hope and cash has for some years now been mixing together in the food delivery sector and that rarely proves to be a recipe for success...

By Kevin Murphy 23 Aug 2017

SOUTH AFRICA

Tesco dives into red on accounting scandal

LONDON - Supermarket giant Tesco revealed on Wednesday that it fell into an annual net loss of 40 million due to a costly accounting scandal at Britain's biggest retailer...

13 Apr 2017

SOUTH AFRICA

Britain's Tesco buys wholesaler Booker for $4.7bn

LONDON - Supermarket chain Tesco, Britain's biggest retailer, announced Friday it has agreed to purchase food wholesaler Booker for £3.7 billion ($4.7 billion, 4.4 billion euros)...

27 Jan 2017

SOUTH AFRICA

Tesco hails rising sales over Christmas period

LONDON - Supermarket chain Tesco, Britain's biggest retailer, announced Thursday rising sales during the festive period, which followed a strong third quarter despite uncertainty over Brexit...

12 Jan 2017

UNITED KINGDOM

Burberry sees UK sales sparkle on Brexit-hit pound

LONDON - Luxury fashion giant Burberry, famed for its designer handbags and trenchcoats, said Tuesday that British sales have soared since the Brexit vote as tourists took advantage of the plunging pound...

19 Oct 2016

UNITED KINGDOM

UK retailer BHS calls in administrators, with 11,000 jobs at risk

LONDON - BHS, the owner of department stores across Britain, has called in outside help to rescue the struggling firm from potential closure and the loss of around 11,000 jobs, administrators said on Monday...

26 Apr 2016

UNITED KINGDOM

M&S posts falling net profit, clothing sales

LONDON - British retailer Marks and Spencer, regarded as a barometer of UK consumer demand, posted sliding net profit on Wednesday on tumbling clothing sales and a poor international performance...

5 Nov 2015

UNITED KINGDOM

Jimmy Choo in London IPO for Asia growth

LONDON, UK: Shoemaker to the stars Jimmy Choo unveiled plans for a London stock market listing valuing it at up to £800m. The money will be used to fund expansion in Asia.

25 Sep 2014

UNITED KINGDOM

Phones 4 U collapses in UK putting jobs on the line

LONDON, UK: British mobile phone retailer Phones 4U has collapsed into administration, putting more than 5,500 jobs at risk, the group said.

16 Sep 2014

UNITED KINGDOM

UK bosses earn 143 times more than workers

LONDON, UK: The heads of Britain's largest companies earned 143 times more than their average employee last year, a study has revealed, exposing the growing pay gap between bosses and workers.

19 Aug 2014

UNITED KINGDOM

Vodafone expands European empire with Ono takeover

LONDON, UK: Vodafone has agreed to buy Spanish cable firm Ono as the British mobile phone company stepped up its expansion in Europe using the proceeds from the sale of its US joint venture stake.

18 Mar 2014

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