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Retail News

LONDON: Compass Group, ostensibly the world's biggest caterer, said on Thursday, 23 July 2009, that profits increased in the group's third quarter despite slowing sales. 23 Jul 2009
Amazon buying hot online shoe shop
SAN FRANCISCO: Online retail giant Amazon announced on Wednesday, 22 July 2009, that it was purchasing popular Internet shoe shop Zappos.com in a stock and cash deal valued at nearly US$850 million. 23 Jul 2009
New technology upgrades are under way at the Johnson & Johnson manufacturing facility in East London as the plant gears up to incorporate two new production lines from Cape Town. 23 Jul 2009
The KwaZulu-Natal government has put aside R70 million in a bid to rescue its clothing and textile industry. 23 Jul 2009
Lewis gets a boost from ‘buy' rating
Furniture and electrical goods retailer Lewis yesterday, 22 July 2009, received a “buy” rating from the Bank of America citing the group's proven business model and low cost base. 23 Jul 2009
About 700 commercial workers employed by mass discounters Makro, which includes Game and Dion outlets in Port Elizabeth, are expected to embark on a one-day strike on Friday, 24 July 2009. 23 Jul 2009
The South African Commercial, Catering and Allied Workers Union (SACCAWU) on Wednesday, 22 July 2009, said it had served wholesaler Massmart (MSM) with notices for protest action on Friday 24 July. 23 Jul 2009
South African agri-business Afgri said on Wednesday, 22 July 2009, that Afgri Operations and Laeveld Korporatiewe Beleggings, both wholly owned subsidiaries of Afgri, have reached an agreement, which if it becomes unconditional, will see the disposal of 11 retail branches in the Lowveld area to MGK Bedryfsmaatskappy. 22 Jul 2009
True taste of SA teatime
Tshivhase Tea Estates in Limpopo have launched Midi Tea, a 100% South African produced and packaged black tea. 22 Jul 2009
In times of volatility, collaboration forwards and backwards along the supply chain becomes imperative, not only to ensure that short term survival and service is sustained, but so that long term strategic considerations are not compromised. 22 Jul 2009
The South African Revenue Service (SARS) will in future have to pay interest on duty drawbacks and refunds, according to proposed amendments to the Customs and Excise Act. 22 Jul 2009
Mall of the North to blend with surroundings
The R1,2-billion Mall of the North regional shopping centre in Polokwane is set to open in the first quarter next year with construction well under way. 22 Jul 2009
Set Top Boxes (STBs), which are to be used as part of the Broadcasting Digital Migration (BDM) process, are likely to be available at retail stores during the first half of 2010. 22 Jul 2009
Some vehicle parts suppliers were in danger of going bankrupt due to the persistent liquidity crisis, while others were becoming acquisitive targets, industry players said Monday, 20 July 2009. 22 Jul 2009
Coca-Cola beats profit estimates
NEW YORK: Global beverage giant Coca-Cola on Tuesday, 21 July 2009, reported forecast-beating quarterly profit, aided by strong volume growth in emerging markets like China and India. 22 Jul 2009
Paying too much for a loaf
Since January 2008 wheat costs have come down, but bread prices have not. 22 Jul 2009
In today's online environments, a bad customer experience can become visible more quickly and have more lasting consequences than ever before. 22 Jul 2009
Corporate home away from home
The new Protea Hotel Melrose Arch, situated in the vibrant Melrose Arch Precinct will be opening in the first quarter of 2010, with the aim to become an economical option for frequent business travelers to this burgeoning hub. 21 Jul 2009
GPS tailored for women
TomTom, a leading provider of navigation solutions and digital maps, is launching a navigation device designed especially with women in mind. 21 Jul 2009
SMS is used more in customer relationship management (CRM) in developing countries such as South Africa than in other markets because more individuals have cellphones than internet access. 21 Jul 2009
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