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Retail News

PARIS, FRANCE: Next week will be decisive for the future of the Christian Lacroix fashion house, in administration since early June, as the deadline for potential buyers to submit their offers expired on Monday, 27 July 2009. 28 Jul 2009
Pioneers of world's largest hot cross bun
After an adjudication waiting period, Safari Dried Fruit and Sasko's attempt for the world's largest hot cross bun, which took place on 4 April 2009 in Cape Town, has officially been awarded the Guinness World Record title. 27 Jul 2009
Selected from amongst more than 1,000 entries, Lincoln Mokoena is one of 11 finalists in this year's AuDITIONS Urban Tribes gold jewellery design competition. 27 Jul 2009
A Mandela Bay manufacturing plant has achieved the highest rating possible judged on worldwide quality and productivity standards. 27 Jul 2009
Famous Brands buys Mugg & Bean
Famous Brands has aquired the South African and African business of fast casual coffee-themed franchise Mugg & Bean for a cash consideration of R104 million, the company announced Monday, 27 July 2009. 27 Jul 2009
Retailer of building materials Cashbuild said in a voluntary trading update on Monday, 27 July 2009, that revenue was up 18% from the fourth quarter of the prior financial year. 27 Jul 2009
Nominations open for establishments with good service
South African Tourism, in partnership with First National Bank (FNB), have called on consumers to nominate establishments and tourism services that they feel have delivered outstanding services for the Welcome Awards. 27 Jul 2009
Increasing contact centre efficiency has always been a clear path to cutting costs, regardless of economic conditions. Increasing productivity and doing more with existing resources are now more important than ever, but cutting call centre costs does not have to result in poorer customer service. 27 Jul 2009
Card giants accused of throttling IT firm
Visa and Mastercard, already in the spotlight after a Competition Commission inquiry into bank fees last year, are facing a competition probe after a complaint by a Johannesburg-based business. 27 Jul 2009
MTN launches Mobile Money offering in Ghana
MTN on Thursday, 23 July 2009, said it has launched its Mobile Money offering in Ghana. 24 Jul 2009
Energy saving tech for Benmore Gardens
Benmore Gardens, Sandton, is reportedly the first shopping centre in South Africa to implement I-Energy, the wireless management system that enables centre management to monitor and control its electricity consumption. 24 Jul 2009
NEW YORK: US fast-food chain McDonald's on Thursday, 23 July 2009, reported second-quarter net profit of $1.09 billion, down 8.0% from a year ago as the weaker dollar weighed on revenue. 24 Jul 2009
OWC buys KWV juicing plant
With its strategic focus on building alcoholic beverage brands, KWV Ltd has decided to sell its grape juice concentrate plant in Upington to neighbouring Orange River Wine Cellars (OWC) for R70 million. The transaction will see the grape juice concentrate business being transferred as a running concern to OWC on 1 September 2009. 24 Jul 2009
The number of financially vulnerable consumers in SA is rising, spurred by their reluctance to save, extravagant spending and falling income, a new survey has shown. 24 Jul 2009
Country Foods is in a mess. Its phone lines have been cut and officially it does not have a CEO, a chairman or a financial director. Neither does it have an auditor, a designated adviser or a company secretary. It's unclear whether it has operational assets. 24 Jul 2009
Big supermarket chains need the small suppliers, who in turn need the supermarkets. Yet small suppliers say the odds are not loaded in their favour. 24 Jul 2009
Retailer Woolworths Holdings said on Thursday, 23 July 2009, it estimates that EPS for the year ended 30 June will be between 40% and 50% higher than the results of the prior year. 24 Jul 2009
SA wine brings comic relief to fundraising
SAAM Mountain Vineyards, produced by Perdeberg Winery, has joined forces with Comic Relief, a British charity organisation in association with Red Nose Day UK, to create the first ever Comic Relief Wines known as Wine Relief and helped in the efforts to raise a record almost £80-million (more than R1-billion). 23 Jul 2009
FNB customers can now Tata ma Chance via cellphone, ATM
First National Bank (FNB) customers can now Tata ma Chance and play the national lottery using their cellphones, the ATM machine or by using online banking. 23 Jul 2009
KWV Investments on Wednesday, 22 July 2009, announced the appointment of Jan Mouton, Chris Otto (financial director), Khutso Mampeule and Abrie Botha to its board of directors. 23 Jul 2009
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