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Retail News

Spar acquires majority stake in Spar Switzerland
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Spar South Africa has acquired a 60% stake in Spar Switzerland for R690 million. 14 Mar 2016
Shopping space glut continues
© Shao-Chun Wang – 123RF.com
The glut of new shopping centre space that continues to grow in major cities and towns is starting to bite into landlords' returns, results released last week by two of SA's largest retail property owners show. 14 Mar 2016
Contractions in factory and mine output bode ill for the economy
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Mining and manufacturing - which together make up 20% of the economy - began the year in the negative, indicating just how poor economic growth will be, as SA battles to stave off a credit ratings downgrade. 11 Mar 2016
Consumption decline saps paper producers
© Å?afak Cakır – 123RF.com
Moody's outlook for the global paper and forest products industry is "stable", reflecting its expectation that operating income growth of the 46 paper companies it rates globally will be flat to modest over the next 12 to 18 months. 11 Mar 2016
January manufacturing output down 2.5% y/y from 0.5% increase in December
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Manufacturing production declined 2.5% in January this year compared with a year ago after increasing by 0.5% year on year in December. 11 Mar 2016
Margarine's popularity against butter spreads
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It's nothing but oil and additives, without a single fresh ingredient whatsoever. But it's affordable and well-packaged, and so it sells. We're talking about margarine: the poor man's butter. 11 Mar 2016
Image source:
Image source: Venturburn.com
E-commerce is in vogue. According to eMarketer, it will account for almost nine percent of total retail sales by 2018, up from 5.9% in 2014. And by 2019, e-commerce spend is set to surpass US$3 trillion. But with Amazon currently snatching "23% market share of online retail sales," it may seem like a behemoth to beat. 11 Mar 2016
Still much to do around womens' empowerment and equality, says Coca-Cola
Entrepreneurial development is a priority for South Africa; however the country still faces many challenges in creating an environment for entrepreneurs to flourish. It is becoming increasingly essential for corporates to get involved and start investing in entrepreneurs for the country to develop and grow sustainably. 10 Mar 2016
Loco new launch for Savanna
Savanna has taken on a Mexican twist with the launch of a limited edition release cider, Savanna Loco, which combines the crisp taste of Savanna Dry with fresh tequila flavour in a market first for South Africa. 10 Mar 2016
Bidorbuy now taking bitcoins
South Africa's online marketplace bidorbuy.co.za, today announced the addition of bitcoin as a payment method through their partnership with BitX, a leading global bitcoin platform. 10 Mar 2016
Attacq targets growth from malls
Property fund Attacq is confident it will achieve stronger capital growth when its major expansion projects including The Mall of Africa and the second phase of Waterfall City, kick into gear. 9 Mar 2016
Amazon's first live TV program is on fashion
NEW YORK, USA: US online giant Amazon on Tuesday, 8 March 2016, announced its first live show for its streaming video service, a 30-minute show dedicated to fashion which will be free to all viewers. 9 Mar 2016
Tiger Brands appoints Lawrence MacDougall as CEO
Tiger Brands has appointed Lawrence MacDougall as CEO of the company, the company said on Wednesday, 9 March 2016. 9 Mar 2016
Retail space works harder
Space at prime South African retail properties was made to work harder throughout 2015 and delivered real growth on an inflation adjusted basis. 9 Mar 2016
The Yuppiechef marketing team.
The Yuppiechef marketing team.
It wouldn't be fair to crown one person because Yuppiechef is its people - a food community of real people who really do care about their customers. 9 Mar 2016
#FreshOffTheShelf: New resealable packs for Nature's Source Muesli
Nature's Source Muesli is now available in a new resealable pack in a sleek, modern design for added freshness and appeal. 8 Mar 2016
Boom expected in SA's e-commerce market
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E-commerce experts remain upbeat that the market is developing sufficiently and is about to boom, despite slow e-commerce uptake in South Africa over the past five years. Data presented by leading local operators at the recent eCommerce Africa 2016 conference indicates that appetite in the market is healthy, even though e-commerce accounts for only R6 billion, which is approximately 0.8% of total retail spend. With lingering trust issues and a resistance to paid shipping and delivery, local online buyers seem to be browsing and not clicking. Or are they? 8 Mar 2016
AVI CEO Simon Crutchley. Image source:
AVI CEO Simon Crutchley. Image source: BDlive
Diversified consumer brands company AVI is looking beyond the economic slump, and has almost tripled its war chest by raising its debt facilities to R1.5bn. 8 Mar 2016
Image source:
Image source: BDlive
As the South African economy weighs down retail sales, The Foschini Group may be looking at expanding its UK retail offering with its rumoured acquisition of upper-end mass market retailer Whistles International to act as a hedge against the falling rand. 8 Mar 2016
Feathers ruffled in tussle for Sovereign stock
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A new development could be hatching at Sovereign Food Investments, with a rival poultry group swooping in on its shares. 8 Mar 2016
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