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Retail News

Cape Union Mart Group launches new urban footwear concept
A new South African footwear chain, Tread + Miller has been launched. The first two stores have opened in Woodlands Boulevard in Pretoria and Baywest Mall in Port Elizabeth, with seven up and running in various shopping malls across the country by the end of the year. 22 Sep 2015
Edelstein sold on Daddy's Deals
Eric Edelstein, one of South Africa's top e-commerce entrepreneurs, has been sold on Daddy's Deals. News spread quickly that the dynamic CEO was up for grabs and in just a couple of hours, the five coffee dates up for offer with Edelstein were snapped up by consumers eager to get some first-hand advice from a top entrepreneur for their business concept or start-up idea. 22 Sep 2015
Ballantine's launches the Space Glass
Ballantine's has created a Space Glass that is engineered to work in microgravity, with the assistance of James Parr, Head of the Open Space Agency, who led the design and build of the glass, and is convinced it heralds a new era of open-source space design and a landmark for the future of whisky... 22 Sep 2015
Altydgedacht Estate named SA's top Cap Classique exponent
The Durbanville wine region's Altydgedacht Estate, one of the oldest wine estates in South Africa, was crowned South Africa's top Cap Classique exponent at this year's Amorim Cap Classique Challenge... 21 Sep 2015
- Gordon Institute of Business Science
Nampak - The cost of complexity in manufacturing
The manufacturing sector in South Africa is under intense pressure with increasing headwinds placing the long-term viability of industry under threat. While it is government's responsibility to create an enabling environment, manufacturers must look to their own operations and decide what efficiencies they can unlock to create value, CEO of Nampak, Andre de Ruyter, told a Forum at GIBS. 21 Sep 2015
Shoprite Group invests in Business Kits Community
© Muhammad Ribkhan – 123RF.com
Entrepreneurship is fast becoming a key pillar in the growth of the South African economy. While the Global Entrepreneurship Monitor (GEM) report released in January this year shows that conditions that support the South African Entrepreneurial ecosystem have slipped and that fewer adults are involved in entrepreneurial activity, it is widely understood that entrepreneurship is one of the answers to dealing with youth unemployment. 21 Sep 2015
Food manufacturers: Tiger takes strain
Food manufacturers represent something of a safe haven in tough economic times. However, it is still a sector in which careful stock selection is vital... 21 Sep 2015
Mondi to acquire Germany-based Ascania for €54m
Packaging and paper group Mondi said on Friday it had signed an agreement for the acquisition of Ascania nonwoven Germany from Schloss Neugattersleben for €54 million... 21 Sep 2015
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SHANGHAI - Apple will launch an online payment service in China, media said, as the tech giant seeks to expand in its largest market outside of the US despite fierce competition from local rivals... 21 Sep 2015
Adré Schreuder, Founder & Chair at the South African Customer Satisfaction Index.
Adré Schreuder, Founder & Chair at the South African Customer Satisfaction Index.
Shoppers are fed up with supermarkets, according to the latest SA Customer Satisfaction Index... 18 Sep 2015
Bev Slabbert
Bev Slabbert
Cash Converters southern Africa has recently launched a comprehensive e-learning and video training tool available to all franchisees and their employees. The program is set to become an indispensable tool for career planning and employee development for all levels of employees within the franchise... 18 Sep 2015
Retail industry barriers limit growth of small manufacturers in SA
Competing in the FMCG space is a survival of the fittest - and the fittest are often the established giants of the manufacturing world who have oodles of cash flow to back supply-and-demand needs. Historically, manufacturing is an industry that has supplied employment opportunities as well as contributing to the economic growth of a country. It is a well-known fact that the majority of employment opportunities in South Africa arise through the growth of small to medium enterprises. 18 Sep 2015
Rates and taxes hikes fill municipal coffers but empty cities of business
Ongoing high municipal rate hikes are harming communities because of a lack of understanding about the far-reaching impacts of these increases, reports Marius Muller, CEO of Pareto. He believes that more attention should be given to the real effects of disproportionately high rates and taxes increases by municipalities. 18 Sep 2015
Nampak facing 'operational difficulties', 'significant challenges'
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Diversified packaging group Nampak has affirmed that it is experiencing "operational difficulties" and "significant challenges" in South Africa and in markets in which it operates in Africa... 18 Sep 2015
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Image credit: Wikipedia
MADRID - Spanish clothes giant Inditex, owner of the Zara high street brand, said on Wednesday that sales and profits have soared this year as it opens more stores and expands online in Asia... 17 Sep 2015
Youngsters take to 'clicks and mortar'
More than 80% of South Africans between the ages of 16 and 24 are transacting online. This dramatic move away from traditional shopping behaviour into 'clicks and mortar' (online shopping) was uncovered by the SA Shopper Survey 2015, conducted in June by research company WhyFive in collaboration with Student Brands... 17 Sep 2015
Clover milks it, but profit leaves watchers unmoved
Not much praise was given to dairy producer Clover for posting a surge in full-year profit, with some analysts warning that earnings would probably fall this year due to the unpredictable cyclicality of the milk industry... 17 Sep 2015
Kellogg's inks Nigeria deal in Africa expansion
US-based cereal maker Kellogg's announced this week it is acquiring half of Nigerian food distributor Multipro for $450m as part of its drive to expand on the continent... 17 Sep 2015
Cooling trend in retail likely to continue
A weak domestic labour market, households' subdued credit uptake, rising inflation and low consumer confidence are likely to "keep a lid" on consumer spending in the medium term, according to economists who were reacting to lacklustre retail sales figures released on Wednesday... 17 Sep 2015
E-Escrow solves the online shopping conundrum, says MD
© Tetiana Vitsenko – 123RF.com
Online shopping is rapidly growing in South Africa. Although highly convenient, when buying or selling goods there is a disparity in the order of who acts first. Does the seller wait to receive funds from the buyer before shipping the goods or does the buyer ask for the goods before making payment? Listening to the concerns of online shoppers, Electronic Escrow Solutions (E-Escrow) has stepped in to put this conundrum to rest and ensure a straightforward transaction for all parties involved. 17 Sep 2015
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