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Retail News

Verimark has reported a loss for the 12 months to February and has yet to unveil its long-promised turnaround plan. 4 May 2009
The retailer New Clicks on Thursday, 30 April 2009, reported an 18.8% rise in diluted headline earnings per share to 80.3 cents for the six months ended February 2009 from 67.6 cents a year earlier. 4 May 2009
Food and clothing retailer Woolworths is revamping its look in a bid to offer consumers an experience of “discovery and excitement”. 4 May 2009
Property unit trust Fountainhead Property Trust on Thursday, 30 April 2009, announced net income of R387,84 million for the six months ended 31 March 2009, up from R336,48 million during the prior comparable period. 4 May 2009
PPC expects lower interim earnings
Pretoria Portland Cement (PPC) on Monday, 4 May 2009, advised that its earnings per share and headline earnings per share for the six months ended 31 March 2009 are expected to be between 75% and 90% less compared with the respective amounts reported for the comparable period in 2008. 4 May 2009
British American Tobacco (BAT) saved almost a third of its five-year cost-cutting target last year, pulling back £245m on top of the £1bn it took out of running costs in the five years to 2007. 4 May 2009
In the month before each year's Electronic Entertainment Expo (E3), the rumours about gaming company plans usually start flying faster than zombie body parts in 'Resident Evil 5'. Buzz about the upcoming 2009 show ratcheted up on Thursday with a report in Variety that Sony may be getting ready to show off a motion-sensing PlayStation 3 controller at the big video game convention in June in Los Angeles. 4 May 2009
E-commerce ace in the hole: Drop shipping
The declining economy has led to an increased trend toward drop-shipping transactions and has allowed e-tailers to remain competitive while brick-and-mortar stores hedge their bets as they see physical retail sales and profits slide precipitously. 4 May 2009
The price of all grades of petrol will decrease by 3 cents per litre from Wednesday, 6 May 2009. 30 Apr 2009
The Reserve Bank has announced a 100 basis point cut in the repo rate, giving further relief to hard pressed South Africans. 30 Apr 2009
First National Bank (FNB) will cut its prime lending rate by 1% from 13% to 12%. The new interest rate will be applicable to all new and existing prime-linked loans, including home loans, from Monday, 4 May 2009. 30 Apr 2009
KUALA LUMPUR: After an almost eight-year legal battle, a Malaysian court has ruled that a local curry house did not infringe on the McDonald's trademark by using the prefix "Mc". 30 Apr 2009
Pentawards open for entry
Pentawards, the online competition devoted exclusively to packaging design, is open for entries from 1 May - 12 June 2009. 30 Apr 2009
L'Oréal sets its sights on the African woman
Beauty product manufacturer L'Oréal is seeking to expand on its 100 years of business by entrenching its position in Africa, and designing products that will make African men and women feel beautiful, despite the global meltdown. 30 Apr 2009
SAN FRANCISCO: French videogame star Ubisoft announced on Wednesday, 29 April 2009, that it is making a sequel to the 'Red Steel' title that debuted in 2006 with Nintendo's industry-changing Wii consoles. 30 Apr 2009
MBABANE: Four textile factories have closed down in Swaziland, leaving hundreds of workers unemployed in a country already battling high unemployment rates, a government official said on Tuesday, 28 April 2009. 30 Apr 2009
LONDON: Reckitt Benckiser, the Anglo-Dutch household products group, said on Tuesday, 28 April 2009, that net profits surged 48% in the first three months of the year, helped by strong sales of cleaning goods. 30 Apr 2009
Montecasino shows its caring side
Montecasino Mall has become a popular destination in Joburg for those in search of fun and entertainment. 30 Apr 2009
Farmers' organisation Agri South Africa has called for a thorough investigation to explain dramatic food price hikes, encompassing all levels of the value chain from fuel suppliers to retailers. 30 Apr 2009
The Producer Price Index (PPI) for the month of March slowed down to an annual 5.3% compared to last month, Statistics South Africa (Stats SA) announced on Thursday. 30 Apr 2009
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