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Retail News

After an 18-month trial of nasty discoveries, it's no wonder Leon Kirkinis, CEO of African Bank Investments (Abil), pauses when asked if given the chance again, he'd still buy Ellerines. 29 May 2009
Two new e-readers on the block: one cheaper, one touchier
Two upcoming e-readers demonstrated Wednesday could force changes in the market. They are Plastic Logic's reader and British firm Interead's Cool-er. 29 May 2009
The proliferation of customer relationship solutions presents an interesting challenge for small-business owners. How does a small organisation looking to control spending decide between common productivity tools, such as Microsoft Outlook or Excel, or a more robust solution? This decision is made more difficult by the emergence of free customer relationship management (CRM) and contact management (CM) solutions. 29 May 2009
Cash strapped consumers have been given another reprieve - the Reserve Bank's Monetary Policy Committee (MPC) has reduced the repo rate by a further 100 basis points. 29 May 2009
The Producer Price Index (PPI) for April slowed to 2.9%, from 5.3% in March, Statistics South Africa reported on Thursday, 28 May 2009. 28 May 2009
SA gets more competitive
The latest IMD World Competitiveness Yearbook rankings have placed South Africa's overall competitiveness from a ranking of 53 in 2008 to a marked rise in position to 48 in 2009. The global competitiveness survey released by Productivity SA ranks 57 countries in various areas of competitiveness. 28 May 2009
An investigation by The Times that bust a Soweto clinic worker for allegedly selling government-issued baby formula has sparked an inquiry into control of stock at state clinics. 28 May 2009
South Africa's major banks are deliberately obstructing the debt review process, the National Credit Regulator (NCR) said on Wednesday, 27 May 2009. 28 May 2009
Microsoft launching Zune HD
WASHINGTON: Microsoft plans to release a new version of its portable Zune music player later this year featuring a touch screen, Web browser, Wi-Fi connectivity and high-definition radio receiver. 28 May 2009
Heavy building materials supplier Buildworks on Wednesday, 27 May 2009, has reported that headline earnings per share for the six months ended February had declined from 5.65 cents to 3.47 cents. 28 May 2009
Super Group, the supply chain and fleet management group, on Thursday advised shareholders that it is in discussions with interested parties relating to the potential disposal of its retail division, specifically the AutoZone and Mica businesses. 28 May 2009
SA's two largest retailers have said they had nothing to hide about their relationships with suppliers and would welcome an investigation by the Competition Commission, as suggested this week by the National Agriculture Marketing Council (NAMC). 28 May 2009
Edcon spending pays off as sales increase
SA's largest clothing retailer Edcon, delisted since April 2007, said yesterday, 27 May 2009, it spent R571m in the year to March 2009, mostly on new stores, refurbishments and a new point-of-sale system. 28 May 2009
EA is prepping to release the third installment of 'The Sims', a series of games in which the all-seeing player controls the lives and interactions of virtual people. 'The Sims 3' will give players more control over things like characters' personality traits, EA says. Perhaps taking a cue from the backlash over the tight digital rights restrictions contained in 'Spore', The Sims 3 will have no DRM. 28 May 2009
The Consumer Price Index used to measure inflation, dropped to 8.4% in April, reported Statistics South Africa (Stats SA). 27 May 2009
Massmart's bid for Finro hits snag
Mass retailer Massmart may be blocked in its bid to buy Finro Cash & Carry to grow subsidiary Masscash as the deal would limit competition in the food sector in Port Elizabeth, especially affecting low-income earners. 27 May 2009
Huge expansion, refurbishment at Sandton City
Sandton City Shopping Centre is undergoing a major refurbishment and expansion, with funding of R1,77bn approved for the first phase. 27 May 2009
It took Cape Town city authorities and the police two and a half years to shut down an illegal tavern on the Cape Flats following complaints from irate neighbours. 27 May 2009
Retail group Mr Price on Wednesday, 27 May 2009, reported diluted headline earnings per share of 244.6 cents for the year ended March 2009 from 210.8 cents a year ago - a rise of 16%. 27 May 2009
The 8th annual Pest Biz Convention is set to take place for the first time ever in the Western Cape at the Lord Charles Hotel in Somerset West from 13 - 14 August 2009. This year's Pest Biz Convention is built on the formula of previous years' events and will aim to equip the pest control industry with up to date information, global trends and cutting edge technology for the 21st Century. 27 May 2009
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