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Retail News

Solidarity has welcomed the SA Reserve Bank's decision to bring forward the date of its meeting for the adjustment of interest rates, the trade union said on Wednesday, 18 March 2009. 19 Mar 2009
SA Jan retail trade sales up
South African retail trade sales at constant (2000) prices for January increased by 1.7% year-on-year (y/y) from a revised drop of 0.2% (-0.1%) in December, figures released on Wednesday, 18 March 2009, by Statistics South Africa show. 19 Mar 2009
Following eight months of successive declines, retail sales surprised on the upside in January, posting a 1.7% annual increase that was helped by lower interest rates, petrol prices and base effects. 19 Mar 2009
The Reserve Bank's Monetary Policy Committee (MPC) has decided to hold its regular meetings more often to allow for more effective planning and quicker reactions to changes in the economy. 19 Mar 2009
The Gauteng Liquor Board (GLB) has become one of the greatest barriers to entrepreneurship in the hospitality industry in Gauteng. It is also turning honest entrepreneurs into potential criminals. 18 Mar 2009
The National Credit Regulator (NCR) has urged consumers in the North West to avoid signing documents and contracts they have not read properly or do not understand. 18 Mar 2009
Dairy case to go ahead
The Competition Tribunal said on Wednesday, 18 March 2009, that although it ruled that two summonses issued by the Competition Commission against Woodlands and Milkwood milk processors in the Clover milk price fixing case were void for being "vague and overbroad", it had imposed a novel remedy in the case. 18 Mar 2009
Nokia said Tuesday, 17 March 2009, it will lay off 1,700 people worldwide to cut costs, as the global economic downturn strikes deeper into the mobile phone sector. 18 Mar 2009
NEW YORK: US multimedia firm Discovery Communications filed a patent infringement lawsuit against Amazon on Tuesday, 17 March 2009, over its popular electronic reader, the Kindle. 18 Mar 2009
More Americans bought digital music last year while the number purchasing compact discs declined sharply, the NPD Group market research firm reported on Tuesday, 17 March 2009. 18 Mar 2009
Nestlé opens new production line
Food company Nestlé SA today officially opened a new production line as part of its factory expansion, valued at R345 million, in Harrismith in the Free State. 18 Mar 2009
Trendy new mall to open in Polokwane
The R100m Thornhill Shopping Centre in Polokwane, Limpopo, will be opened next Thursday. 18 Mar 2009
Amarula goes to Bollywood
Distell has launched its cream liqueur, Amarula, in two of India's most populous and affluent states, Maharashtra and Karnataka, where it is focusing on duty-free outlets and high-class hotels. 17 Mar 2009
WASHINGTON, DC, USA: The Obama administration on Monday, 16 March 2009, unveiled a plan to help unlock credit for the nation's small businesses, which have generated about 70% of new jobs annually over the past decade. 17 Mar 2009
Chinatown in Prato, the capital of Italy's textile industry, is bustling, apparently impervious to the global financial downturn, with warehouses full of clothes ready to ship. 17 Mar 2009
Let media tracking guide the way to improved sales
By all accounts, some months, like over the festive season for example, sales outshine others throughout the year. The question which needs answering is "Are marketers and retailers buying the extra sales at a phenomenal cost?" 17 Mar 2009
USA: Despite the poor economy, Comcast and Sony plan to open a retail store. 17 Mar 2009
SABMiller acquires brewery in China
SABMiller, the world's second-largest brewer, has expanded its presence in China by acquiring a brewery in the country's biggest beer-consuming province. 17 Mar 2009
The new format IFSEC South Africa Securex exhibition at the Sandton Convention Centre from 30 June - 2 July 2009 is placing special emphasis on the importance of fire detection and prevention within the overall security industry. 17 Mar 2009
In-store campaign concentrates on family
Concentrate juice manufacturer Oros is once again running a campaign with branded shopping cart experts Icon Media to communicate to grocery buying parents and their family. This second consecutive deal secures one of Icon Mall's packages for the advertiser and provides Oros with exclusive exposure in Checkers Hypers and Pick n Pay outlets countrywide. 17 Mar 2009
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