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Retail News

Pareto acquires 100% of Menlyn Park Shopping Centre
The Menlyn Park Shopping Centre in Pretoria is now wholly owned by Pareto, which previously owned a 50% stake and last week took transfer of the remaining 50% stake from Old Mutual Life Assurance Company. 14 Dec 2015
- BMi Research
BMi Research sorghum beer report in South Africa
Recent findings released by BMi Research reveal that the sorghum beer market in South Africa has been steadily declining over the past three years. This trend comes both from decline of stock as well as declined consumption from the market, as more and more consumers are turning their attention to the likes of malt beer and craft beer. 11 Dec 2015
Walmart unveils mobile pay service, challenging Apple
WASHINGTON - Walmart on Thursday announced it was launching its own mobile payments service, challenging similar offerings from Apple, Samsung, Google and others. 11 Dec 2015
Zara owner reaps benefits of investments, expansion as profit jumps 20%
© Stefan Ember – 123RF.com
MADRID - Spanish global clothing giant Inditex, owner of the Zara brand, posted on Thursday a 20-percent surge in nine-month net profits as its investments and expansion began to pay off. 11 Dec 2015
Rise in retail sales may help ward of rate hike
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Retail sales growth performed better than expected in October, providing a glimmer of hope that the sector will lift economic activity in the fourth quarter. 11 Dec 2015
Bernie Brookes
Image credit:
Bernie Brookes Image credit: RetailCongressAfrica.com
Edcon's new Australian CEO Bernie Brookes promises the faded retail giant's star will shine brightly again. 11 Dec 2015
Constantia Flexibles completes Afripack acquisition
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Constantia Flexibles has completed the acquisition of the South African flexibles packaging group Afripack after receiving approval from the relevant anti-trust authorities. 11 Dec 2015
Image credit:
Image credit: SandtonCity.com
It's a social experiment and a commercial adventure, an 'experiventure'," says, Exclusive Books CEO Benjamin Trisk of the bookseller's new store in Hyde Park Corner, Johannesburg. 11 Dec 2015
- BMi Research
BMi Research drinking yoghurt report in South Africa
Recent findings released by BMi Research reveals that the drinking yoghurt market in South Africa experienced its lowest growth since 2009, increasing during 2014. The category itself has been very stable, with little movement internally from players. 10 Dec 2015
Nedbank and Chesa Nyama announce strategic funding agreement
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Nedbank and Chesa Nyama have announced a strategic funding agreement through which Nedbank will offer financial assistance for prospective Chesa Nyama franchisees. 10 Dec 2015
Dr Andrew Venter, CEO of Wildlands and Peter Cowan, chairman of Unilever South Africa.
Dr Andrew Venter, CEO of Wildlands and Peter Cowan, chairman of Unilever South Africa.
South Africa is experiencing droughts, heatwaves and unseasonably cold weather, and so, recognising the crucial role played by trees in absorbing greenhouse gases that fuel global warming, Unilever South Africa has, in partnership with Wildlands, planted 195,770 trees across South Africa. 10 Dec 2015
Stimulating category growth in Africa
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There are many macro trends, globally and locally, which affect both retailers and brand manufacturers in the consumer goods space. Proper category management and its impact on retailers and brand's success are driven by the industry's ability to understand and capitalise on these macro trends. 10 Dec 2015
Soda Bloc launches to cater to the tween fashion market
A market traditionally regarded as an afterthought, tweens - youths aged between nine and 16 - are increasingly brand savvy and spending more of their pocket money on clothing than on anything else, and retailers are starting to sit up and take note. 10 Dec 2015
Retail sales increase 3.3% y/y in October
Retail sales growth is recovering despite concern about slow consumer spending due to the weaker rand. 10 Dec 2015
Rebosis changes tack to retail properties
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Rebosis Property Fund has decided to focus on shopping malls, shifting its government-tenanted offices gradually into subsidiary Ascension Properties as it looks to attract retail-hungry investors. 10 Dec 2015
Champagne house Taittinger to produce in Britain
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LONDON - Famous French brand Taittinger on Wednesday announced plans to become the first Champagne house to produce premium English sparkling wine with the purchase of farmland in Kent. 10 Dec 2015
Yahoo plans "reverse spinoff" instead of Alibaba sale
WASHINGTON - Yahoo said Thursday it would seek a "reverse spinoff" that would separate the Internet company's core operations from its holdings in China's online giant Alibaba. 10 Dec 2015
Tru-Cape Fruit Marketing chairman Pieter Graaff with MD Roelf Pienaar and Freshmark MD Dr Johan van Deventer.
Tru-Cape Fruit Marketing chairman Pieter Graaff with MD Roelf Pienaar and Freshmark MD Dr Johan van Deventer.
As part of its annual national Supplier Awards, the Shoprite Group of Companies has recognised Tru-Cape Fruit Marketing as a Supplier of the Year for fruit and vegetables. 9 Dec 2015
SA consumers cut back on non-essentials, but demand more from retailers, survey finds
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South African consumers are cutting back on non-essential items, like furniture, home décor, gym, clothing and footwear while demanding lower prices and better service levels from retailers as lacklustre economic growth forces them to curb discretionary spending, according to Deloitte's 2015 Year-end Holiday Survey. 9 Dec 2015
SMEs must use big data to improve festive season sales, says FNB Business head
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Many small businesses are following the lead of their larger counterparts by harnessing the power of big data to understand customer buying trends better, in order to increase profitability during busy holiday periods. 9 Dec 2015
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