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Retail News

Sony projected it would report its first annual net loss in 14 years Thursday, and Chief Executive Howard Stringer vowed to turn around the company with pay cuts, job reductions and trendier gadgets. 23 Jan 2009
USA: Plug-in electric hybrid cars may be the wave of the future, but there will likely be more than one new wave hitting the beach. Autos powered by hydrogen fuel cells, natural gas and biofuels are still in the running. With the build-out of a new infrastructure, a future of many fuels may be in the making. 23 Jan 2009
The ranks of active eBay users continued to swell in the fourth quarter, but the company's gross merchandise volume - the actual amount of business eBay users are doing - sank for the second quarter in a row. 23 Jan 2009
Food and furniture retailer Shoprite, which has boasted of its commitment to put R27m in fuel savings back into consumers' pockets, is not the only retailer passing on savings. 23 Jan 2009
SA consumers are not willing to shop on credit and incur more debt, but they are spending the cash they have — on very specific items. 23 Jan 2009
Consumers cut back on their shopping in November as high interest rates took a bite out of household budgets. 22 Jan 2009
SA consumers gain glimmer of confidence - MasterCard survey
Following a year of slowing economic growth at home and in the face of an imminent global recession, South Africans remain optimistic about the immediate future of their national economy. This is according to the latest MasterCard Worldwide Index of Consumer Confidence. 22 Jan 2009
Last week Salesforce.com introduced its new support concept dubbed "The Service Cloud." I have to say it makes a lot of sense both as a product direction and as a business decision. 22 Jan 2009
Best Buy, ostensibly the USA's largest consumer electronics chain, said Wednesday that it has named President and Chief Operating Officer Brian J. Dunn as its new chief executive effective 24 June 2009. 22 Jan 2009
Lewis Group yesterday reported almost flat revenue for the December quarter as furniture retailers' sales fell with the economy slowing. 22 Jan 2009
Each new year marks a period of renewal. It is everyone's chance to start over. 22 Jan 2009
Retail trade figures for the three months ending November 2008 have dropped by 4% compared to the same period in 2007, Statistics South Africa (Stats SA) reported on Wednesday, 21 January 2009. 21 Jan 2009
Pretoria gets a taste of Portugal
Portuguese-style restaurant chain, Braza, recently opened its 7th franchise in Menlyn Park, Pretoria, and has introduced an even more mouth-watering menu. 21 Jan 2009
Furniture retailer Lewis said on Wednesday, 21 January 2009, that its cumulative revenue growth for the nine months ended 31 December 2008 was 5%. 21 Jan 2009
US First Lady Michelle Obama's outfit, worn at the inauguration of her husband on Tuesday, has been applauded as sending a cheerful message of hope and a vote for the American fashion industry. 21 Jan 2009
While about two million people gathered in Washington DC to celebrate the inauguration of Barack Obama as new US President, Wall Street plunged more than 4% in New York. 21 Jan 2009
Woolworths expects headline earnings per share (HEPS) for the interim period ended December to be between 8% and 13% higher than the same time a year ago, it said on Tuesday, 20 January 2009. 21 Jan 2009
Sony Ericsson is the latest casualty of the global economic slowdown. 20 Jan 2009
Don't hit that pause button just yet. Despite the tanking economy and an increasing number of video game-industry layoffs, many believe 2009 will be a year of evolution for games. The combination of innovative new titles, long-awaited franchise follow-ups and desire for escapism could spawn a gaming renaissance. 20 Jan 2009
They may not be the most thoughtful presents in the world, but they sure are convenient. Gift cards relieve shoppers of having to find the perfect size, style, and colour of any item on a shopping list. They also avoid scenarios where what the buyer views as desirable is antithetical to the receiver's outlook. 20 Jan 2009
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