Retail News

LONDON - British supermarket operator Sainsbury has been given more time to make a firm bid for Argos-owner Home Retail, after a possible higher rival offer from SA's Steinhoff International emerged on Friday. 23 Feb 2016

Shoprite's shareholders sent the company's share price climbing more than 4% on Tuesday morning after the release of the retailer's half-year results. 23 Feb 2016

The effort by Nando's to support local designers garnered it a Loerie award recently for the decor at its outlet in Soweto's Maponya Mall. 23 Feb 2016

The local furniture retail unit of Steinhoff International plans to cut 4,110 jobs when it closes stores, as part of structural changes to revamp the ailing retailer, the South African Commercial, Catering and Allied Workers Union (Saccawu) said on Monday. 22 Feb 2016

Mercedes-Benz Fashion Week Joburg will return to the Nelson Mandela Square and Sandton City precinct to stage Mercedes-Benz Fashion Week Joburg in both 2016 and 2017. 22 Feb 2016

South African e-commerce is in a better place today than at any other time in its history. According to research released by PayPal earlier this week, online shopping in South Africa is expected to reach R37-billion this year and to jump to R46-billion in 2017. 22 Feb 2016

With the budget speech coming up next week, it is anticipated that the Finance Minister is likely to be focused on growing the sluggish South African economy, but a hidden online economy has quietly been thriving beneath the surface that we have not yet begun to explore fully. 19 Feb 2016

With restaurants having already developed their winter menus for this year, the Slo-Jo team has its fingers on the pulse of taste trends for 2016. 19 Feb 2016

A global survey for PayPal, conducted by Ipsos, which sheds light on consumer shopping habits in South Africa has found that online shopping in SA is expected to reach R37 billion this year. 19 Feb 2016

An obsession with social media means we are permanently attached to a mobile device, so it's logical that this is where the future of financial services delivery lies. 19 Feb 2016

Liquor brands conglomerate Distell reported strong growth in Southern African markets, but the economic hangover from a lower oil price has drastically curtailed expansion plans in Angola. 19 Feb 2016

Truworths defied SA's retail sector malaise, reporting strong first-half figures on Thursday. 19 Feb 2016

The Competition Commission on Thursday announced the appointment of a panel for the grocery retail sector market inquiry which is due to tackle the exclusivity of lease agreements at shopping malls - a battle being fought largely among big retail chains. 19 Feb 2016

In the last couple of years, we've seen a major shift in focus among e-commerce merchandising sites. Up until about the year 2011, most sites focused on new customer acquisition. Now, the focus has been diverted towards retaining their customers. 19 Feb 2016

The way people buy and sell online has changed, with mobile becoming the link between online and offline shopping, says Efi Dahan, PayPal Regional Director: Africa and Israel. 18 Feb 2016

Retail trade sales came in better than expected in December, increasing by 4.1% compared with a year ago after rising by 3.8% in November, Statistics SA data showed on Wednesday. 18 Feb 2016

FRANKFURT - Beiersdorf, the German maker of Nivea cream products, said Wednesday it expects to attain higher sales and earnings this year after a "successful" year in 2015. 18 Feb 2016

The total amount of growth funding globally is $12 billion, but only $200 million is invested in tech start-ups in Africa, so the continent is still very small proportion of global market, says Emilian Popa, Principal, Digital Growth: Africa and Middle East. 18 Feb 2016