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Retail News

New skin for Sunbake bread
The Sunbake range of breads has been given a packaging makeover to further differentiate the brand from competitors, enhance on-shelf presence, drive trial and keep up with popular bread packaging trends. 29 Apr 2009
Slater returns with pride and purpose
As part of his ongoing support of Virgin Unite, the non-profit foundation of the Virgin Group, actor Christian Slater returned to Ulusaba, Sir Richard Branson's private game reserve in South Africa, recently to visit a new classroom built at the Jeremiah Crèche, which he, Branson and guests of Ulusaba and Leopard Hill's Lodge, jointly funded. 29 Apr 2009
Pioneer Food Group said on Wednesday, 29 April, that for the six months ended March 2009 its headline earnings are expected to be between 163 to 172 cents per share compared with 144 cents per share in 2008 - or between 13% and 19% higher. 29 Apr 2009
While the woes of the clothing and textile industry are worsening, an apparel initiative to promote a regional response to global demands shows that not everyone in the industry has surrendered to the grim outlook. 29 Apr 2009
Cashbuild said on Tuesday, 28 April 2009, its revenue was up by 29% in the March quarter compared with the third quarter of the prior financial year. 29 Apr 2009
Retailers raise food prices
Retailers have defended themselves against claims that they have not passed on the benefits of lower producer prices to consumers, but experts said South Africans are being held to ransom by the stores. 29 Apr 2009
Partner relationship management (PRM) has an intriguing business case: It applies the concepts and tools of customer relationship management to the business relationships that also affect a company's customer base. The problem with PRM is that it hasn't caught on - for myriad reasons, starting with its expense and difficulty in implementation. 29 Apr 2009
Economists predict the Monetary Policy Committee (MPC) will announce a 100 basis point cut in the repo rate on Thursday, 30 April 2009, after their two-day meeting. 28 Apr 2009
Fore Good appoints new CEO, CFO
The Fore Good Investment Group has appointed Leron Varsha as chief executive officer and Wayne Sacharowitz as chief financial officer. 28 Apr 2009
Pick n Pay opens more stores in Soweto
South African retailer Pick n Pay has opened its fifth and sixth Pick n Pay stores in Soweto, underscoring the group's growing market share in the area. 28 Apr 2009
One billion rand of the clothing industry's contribution to GDP was wiped out last year and more than 10,000 jobs were lost — about 10% of the industry's workforce. And that was when SA was still on the periphery of the global economic crisis and before it had entered a recession. 28 Apr 2009
Couturier to the stars Gavin Rajah claims he has fallen victim to the man accused of a scam that exploited the name of international model Tyra Banks. 28 Apr 2009
The liquor and advertising industries are bracing themselves for next month, when government is expected to say whether it will forge ahead with plans to ban alcohol advertising. 28 Apr 2009
Retail group Tradehold Limited advised that it expects to report a headline loss per share of 0.8 pence for the year ended 28 February 2009. 28 Apr 2009
SA restaurants among top 40
Five South African restaurants are among the top 100 in the world. 28 Apr 2009
Clicks is accelerating the roll-out of new pharmacies as many other businesses slash expansion plans. 28 Apr 2009
Amazon net profit up, Kindle sales praised
NEW YORK: US online retail giant Amazon announced a 24% increase in quarterly net profit on Thursday, 23 April 2009, and said sales of its electronic book reader, the Kindle, had exceeded expectations. 24 Apr 2009
Nampak earnings down 35-45%
Packaging company Nampak advised on Friday that its headline earnings per share and basic earnings per share are expected to be between 35% and 45% lower than the 109.9 and 110.4 cents per share respectively for the six months ended 31 March 2009 from the year earlier period. 24 Apr 2009
Food retailer Pick n Pay said Thursday, 23 April 2009, it would back any of its suppliers who wanted to lodge a complaint with the competition authorities over the recent steep hike in steel prices. 24 Apr 2009
Fitch Ratings says in a special report published Thursday, 23 April 2009, that the global economic downturn is having an increasingly negative impact on the demand for manufactured goods from South Africa. 24 Apr 2009
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