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Retail News

New Clicks on Thursday reported a 25.8% rise in diluted headline earnings per share to 67.8 cents for the six months ended February. 25 Apr 2008
Yesterday, 24 April, Eastern Cape Premier Nosimo Balindlela officially opened the multi-million Rand Mdantsane Shopping Centre, the second largest mall in the entire province. 25 Apr 2008
The Production Price Index (PPI) for March 2008 has come in much higher than expected at 11.8% year-on-year (y/y) reported Statistics South Africa (Stats SA), on Thursday, 24 April 2008. 24 Apr 2008
Fashion Festival in Cape Town
How does a trade union and manufacturers respond to the massive import penetration of local markets? They turn to fashion promotion to showcase the country's great designs and to make the case for the industry. 24 Apr 2008
The Absa-Barclays tie-up will allow Woolworths to offer a premium credit card to customers earning above the LSM 6-8 level. 24 Apr 2008
The blackout that left most of Walmer in darkness for close on a week has been devastating to businesses in the area, with millions of rands in revenue being lost. 24 Apr 2008
The Häagen-Dazs Shops in Sandton City and the V&A Waterfront have launched a new menu that will appeal to all the senses - and consumers are able to do more than simply taste the innovative creations. 24 Apr 2008
Mobile phone maker Sony Ericsson on Wednesday, 23 April, reported a 48% drop in first-quarter net profits, citing slower sales growth in some of its markets. 24 Apr 2008
Subscribers to Microsoft's defunct MSN Music service will lose access to songs they purchased from the store in a few months. 24 Apr 2008
Leading short-term insurer, Mutual & Federal, has announced that it is launching a low cost short-term insurance product - Insurance 4 All - targeted at the low-income market and fundamentally based on sustainable business principles. 24 Apr 2008
User-generated reviews and social navigation are examples of the Internet providing an experience unavailable offline: aggregating the wisdom of the crowds. A few retailers who are leading the way in these areas are Zagat, Petco and Newegg. 24 Apr 2008
Serving your subscribers properly is key to keeping them - and it's easy to lose them through bad service. If the watermelon salad you are offered in a restaurant is just right, great; if not... 24 Apr 2008
The Consumer Price Index excluding interest on mortgage bonds (CPIX) has soared to 10.1% for March 2008, reported Statistics South Africa (Stats SA) on Wednesday, 23 April 2008. 23 Apr 2008
Shares in Pioneer Food Group are expected to bear fruit after 18 months as the company gears up to invest in capacity. 23 Apr 2008
The Balfour Park shopping centre in Highlands North is undergoing a huge R120m refurbishment to completely rejuvenate the 22-year-old centre. 23 Apr 2008
Beware of the new form of the deposit and refund scam. 23 Apr 2008
Sony BMG is joining Universal Music Group in allowing users of select Nokia mobile phones access to its entire music catalogue later this year. 23 Apr 2008
Samsung Group Chairman Lee Kun-hee said Tuesday, 23 April, he was stepping down after 20 years as chief of South Korea's biggest conglomerate, quitting in the aftermath of his indictment on tax evasion and other charges last week. 23 Apr 2008
Sony is working to roll out a video-on-demand service for the PlayStation 3, and one report says it could happen as early as this summer. However, most Blu-ray DVD players in consumers' homes are actually PS3s. Will offering an online service cannibalize Sony's high-def format? 23 Apr 2008
South African retailer, Pick n Pay, is certain that these key investments will set the course for the next stage of growth. 23 Apr 2008
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