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Retail News

Wool trade to resume
Wool sales will resume on 13 January 2010, with approximately 12,000 bales to be offered at auction in Port Elizabeth. 11 Jan 2010
SA wines leap east
According to Hein Koegelenberg, CEO of Leopard's Leap wines, “China's nouveau riche's attention, coupled with the recent elimination of all wine duties, means that China is fast becoming a focal point for trading and distribution amongst wine buyers and sellers.” He was commenting on his recent Asian wine marketing trip and the potential of this key future market as a wine-buying region and a focus for South African wine export in 2010 and beyond. 11 Jan 2010
Alliance Group chief executive Rael Levitt believes that the outlook for 2010, while still mild, is far better than 2009, which saw many people tightening their belts to deal with the weak economy and growing unemployment. 11 Jan 2010
LAS VEGAS, US: A breathtaking wave of 3-D televisions hit the Consumer Electronics Show (CES) on Wednesday, 6 January 2010, as the technology was touted as the next big thing in home theater. 8 Jan 2010
A possible bailout of East London textile manufacturer Castellano-Beltrame, which is facing liquidation, will be discussed at a meeting today, Friday 8 January 2010. 8 Jan 2010
USA: More shoppers went online to retailers' Web sites this holiday season, and overall they were happier with their visits than they were in 2008, a survey by ForeSee Results found. 8 Jan 2010
BRUSSELS, BELGIUM: A pre-Christmas fall in retail sales across the euro countries caused flutters among experts on Thursday, 7 January 2010, who worried that recovery prospects could run into a rut. 8 Jan 2010
2010 a year of more skin
The year 2009 was one that most of us couldn't wait to end. Economic woes, terror attacks, bizarre weather, celebrities behaving badly and plain boring local fashion shows were the order of the day. 7 Jan 2010
SA's largest food company, Tiger Brands, has budgeted R600m for capital expenditure locally and is planning to make further investments in the rest of Africa to add to operations in Cameroon and Kenya. 7 Jan 2010
LONDON, UK: British clothes-to-food retailer Marks and Spencer said on Wednesday, 6 January 2010, that sales rose during its third quarter thanks to a positive Christmas trading period. 7 Jan 2010
Mighty Mom, a project to empower South Africa's mothers, has accused listed retailer Pick n Pay of using 'delaying tactics' in the litigation process between the parties. 7 Jan 2010
Judging by the large number of shoppers who flocked to the malls during the festive season, many consumers appear to have taken the news that the economy is limping out of a recession as a licence to spend. 6 Jan 2010
Two major Eastern Cape 2010 construction projects on track
Two major Nelson Mandela Bay 2010 Fifa Soccer World Cup construction projects - the new Livingstone Hospital accident and emergency centre and the Gelvandale training stadium - are nearing completion and expected to be ready for use before the soccer tournament in June. 6 Jan 2010
Eikendal Classique 2006 release shows promise
The 2006 vintage of Eikendal's Classique has been released and it offers a blend of Cabernet Sauvignon (70%), Cabernet Franc (15%) and, for the first time in many vintages, Merlot (15%) which adds abundant fruit layers and a feminine body to this winelands classic. 6 Jan 2010
Bronx footwear to kick off new transit media campaign
One of South Africa's leading street style footwear brands, Bronx, has launched an extensive transit media campaign to advertise two of the brand's iconic styles, the Hunter boot and the Old Town boat shoe. 6 Jan 2010
PEP offers value and quality in back to school campaign
PEP, reputedly SA's largest retailer of school wear, has launched a Back to School campaign offering parents both quality and economy for first time school goers including uniforms and lunchboxes at under R100. 6 Jan 2010
Vodafone UK will release the iPhone, Apple's mobile internet-based handset, on 14 January 2010. 5 Jan 2010
Despite interest rates coming down 5% since the start of the rate cutting cycle in December 2008, the economy remains depressed and the National Credit Regulator (NCR) continues to see a monthly average of 9000 consumers applying for debt counselling. “Consumers still need to be highly responsible and conservative when borrowing money,” says Peter Setou, senior manager: Education and Strategy at the National Credit Regulator (NCR). 5 Jan 2010
'Google phone' debut expected this week
Google is expected to ring in the new year by unveiling its own smartphone on Tuesday, the Nexus One, in a bid to expand its powerful Web brand in the booming mobile arena. 4 Jan 2010
Credit demand has had its sharpest annual contraction in 43 years on weak consumer spending, mounting job losses and tight bank lending rules. 4 Jan 2010
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