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Retail News

TFG invests R75m into Caledon factory
TFG officially opened its newly expanded and revamped Prestige Clothing factory in Caledon, following its R75 million investment into construction of a new building and the refurbishment of the existing factory, including the re-tooling of the entire new facility. 1 Jun 2017
Clem Sunter
Clem Sunter
Derek Watts and Clem Sunter will be key speakers at the annual SAPICS conference, being held on 4-7 June 2017 at Century City Convention Centre in Cape Town. 1 Jun 2017
Credit: Freddy Mavunda via Business Day
Credit: Freddy Mavunda via Business Day
Mr Price Group reported a drop in headline earnings for the first time in 16 years following a difficult year for South African consumers. But CEO Stuart Bird said on Tuesday there were significant opportunities despite the apparel retailer's poor showing in its full-year results. 31 May 2017
Starbucks branches planned for Cape Town and Durban
Taste Holdings has announced plans to open Starbucks branches in Cape Town and Durban in 2017. 31 May 2017
Global fashion giants fret over India cow crackdown: industry
NEW DELHI, India - Indian exporters were scrambling on Tuesday to assure global clients like Zara and Giorgio Armani their shipments would arrive despite a government crackdown on cattle slaughter which threatens the lucrative leather industry. 31 May 2017
Reviewing freedom of choice, as plain packaging tobacco rules considered
Freedom of choice flies out the window when so-called ‘bad' choices can summarily be overruled or interfered with by government. To say otherwise is deeply condescending toward consumers. If an individual does not have the freedom to make bad choices, then he has neither freedom nor choice. And this is especially true in the debate surrounding plain packaging for cigarettes. 31 May 2017
Online shopping and the rapid globalisation of shoppers and retailers
Rapidly evolving technologies, changing demographics, and consumer preferences have created a change in the consumer product industry. With a growing shift in retail industry trends, driven by technology and access to the internet, consumers are now accessing most stores and brands through online platforms. 31 May 2017
Manufacturing sector upbeat despite output decline
©scanrail via Pixabay
Manufacturers remain somewhat upbeat about their prospects despite a contraction in the first quarter. 31 May 2017
Clover warns of earnings fall
Investors skimmed 7% off Clover's share price in intraday trade on Monday after the dairy products group said that it expected to report a drop of as much as 65% in full-year headline earnings. 30 May 2017
Pioneer Foods launches Thanks SA! campaign to consumers, traders
Pioneer Foods has launched its new cross-category campaign that is open to both consumers and wholesale traders. 30 May 2017
Trappers celebrates 40 years of successful retailing
The outdoor gear retailer, Trappers, is celebrating its 40-year history of shifting from a ‘mom and pop' wholesaler to a national retail enterprise, outperforming the retail index. It also has a growth strategy to increase its chain exponentially within the next three years. 30 May 2017
The age of ‘chameleon' shopping centres
New research on the top South African property funds, released by Clur Research International, indicates that successful shopping centres can be characterised as ‘chameleon'. 30 May 2017
billy013 via
billy013 via Pixabay
As the world gets ready to observe World No Tobacco Day on 31 May 2017, South Africans are reminded that tobacco and tobacco use continues to be a threat to development, says the Tobacco, Alcohol and Gambling Advisory, Advocacy and Action Group (TAG). The effects range from deforestation to sick days off work; from child labour in farming to child addiction; and from pollution to disease, disability and death. 30 May 2017
Jewellery sales beat food sales as Taste Holdings' loss widens
Jewellery sales beat food sales for Taste Holdings during the year to end-February, and profits from its Arthur Kaplan and NWJ jewellery stores managed to mitigate losses contributed by Starbucks and Domino's Pizza. 30 May 2017
No dividend from Famous Brands as acquisitions send interest bill soaring
©marcusbouvin via 123RF
Famous Brands shareholders will receive no dividend for its 2017 financial year as it digests a string of acquisitions, it said in its results for the year to end-February 2017, released on Monday morning. 30 May 2017
(c) Luca Bertolli -
(c) Luca Bertolli - 123RF.com
When I was in my twenties I had a magical opportunity to write down the dozens of goals and dreams I wanted to achieve in my life and I am happy to tell you that most of these actually happened. But there was one thing that stayed unfinished on my list for a couple of decades: I had written (perhaps in a moment of slight madness) that one day I wanted to “own my own waterfall”. It made sense because I love nature, but I had no idea where, when or how this was going to come about. 29 May 2017
Harnessing informal trade can boost African livelihoods
©Miroslav Liska via 123RF
A new report from FAO indicates that harnessing the vast but informal cross-border trade in Africa can contribute to improving livelihoods and increasing regional integration across the continent. 29 May 2017
Edcon shuts stores in bid to save sales
Retail cannibalisation is becoming a significant feature in the domestic market and it is for this reason that Edcon is shutting down stores where it can, says CEO Bernie Brookes. 29 May 2017
Jessica Bonin: Master blender of tea, passion and success
Desperate to exit the commercial film industry, Jessica Bonin decided to carve a career out of her passion for tea and share the art of tea-drinking with the world. Lacking the funding to open her dream tea bar, Lady Bonin's Tea began operating in 2010 from a charming 1975 Jurgens caravan that travelled between markets and festivals. 29 May 2017
TFG posts good results with turnover up 11.6%
TFG has posted robust results, despite the tough economy, showing that its diversification strategy is paying off. It also announced the acquisition of 100% of Retail Apparel Group (RAG). In addition, with effect from 3 April 2017, the group has acquired 14 G-Star RAW franchise stores in Australia. 29 May 2017
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