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Retail News

What subscription box shoppers want and don't want
Consumers have a lot of choices today when selecting subscription box services, with products ranging from clothing and makeup to pet supplies and coffee. While many people are willing to give subscription services a try, it can be far more challenging to retain them once they've subscribed. 7 Nov 2016
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Picture: AFP
Richemont's share price jumped as much as 7.8% on Friday morning despite reporting halved net profit. 7 Nov 2016
Bernie Brookes.
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Bernie Brookes. Picture: Freddy Mavunda
As Edcon, SA's largest clothing retailer, laboured under a crippling R25bn debt and battled to pay its suppliers, private equity company Bain Capital managed to suck out more than R664m in "consulting fees" over its eight years as Edcon's owner. 4 Nov 2016
Pick n Pay in Benmore Gardens.
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Pick n Pay in Benmore Gardens. Picture: Freddy Mavunda
"Retailing is not complicated - it's just hard to do well." 4 Nov 2016
Why Whitey quit
Whitey Basson, arguably SA's greatest retailer, has announced that at the end of this year he would retire from the helm at Shoprite, which he built into an African grocery colossus. He says he is weary and 'gatvol'. The news was somehow not a surprise and it seems clear he is stepping aside in the face of longtime associate Christo Wiese's determination to merge Shoprite with furniture retailer Steinhoff. 4 Nov 2016
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Picture: Sunday Times
Investors discarded Truworths stock on Thursday, sending the share price down more than 8% in intraday trade, after the clothing retailer released a business update that drove home the severity of the constraint on consumer spending. 4 Nov 2016
#FreshOnTheShelf: McCain now offers sweet potato fries
McCain has launched its Sweet Potato Fries, considered a carbohydrate that tastes good and has health benefits. 4 Nov 2016
Sylvia Schutte, MD of Stratitude and Adrian Zanetti, MD of Next.
Sylvia Schutte, MD of Stratitude and Adrian Zanetti, MD of Next.
My Chocolate Box is a new home delivery service that offers hand-selected chocolatey treats on a monthly subscription basis. 4 Nov 2016
Picture: Supplied
Picture: Supplied
Springs Mall, a R950m joint venture investment by Blue Crane Eco Mall, Flanagan & Gerard Property Development & Investment, REIT Vukile Property Fund and Murinda Investments, will open on 16 March 2017. 4 Nov 2016
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Picture: Sunday Times
Truworths' share price tumbled 7% to R66.21 on Thursday morning after it said sales in its first 18 trading weeks declined by 1% to R4.4bn, excluding its acquisition of UK shoe chain Office. 3 Nov 2016
Appointment of POPI Information Regulator could mean earlier implementation
© rawpixel – 123RF.com
South Africa's parliament voted recently to appoint an Information Regulator and the National Assembly voted in favour of the nomination of the five candidates to run the regulator. On 26 October 2016, a government statement confirmed the appointment of Pansy Tlakula as full-time member and chairperson of the Information Regulator, along with other newly appointed officials, effective 1 December 2016. 3 Nov 2016
Woolworths marks its 85th anniversary with educational bursaries
To celebrate 85 years of quality, Woolworths is giving back R1m to education. It is partnering with the MySchool MyVillage MyPlanet fundraising programme to provide 50 educational bursaries of R20,000 each. 3 Nov 2016
#FreshOnTheShelf: Bakers launches Eet-Sum-Mor Chocolate Chip
Bakers has launched Eet-Sum-Mor Chocolate Chip, a shortbread biscuit made with chocolate chips. 3 Nov 2016
Alibaba sales growth soars into the cloud
© Name – 123RF.com
BEIJING - Chinese e-commerce giant Alibaba's sales soared 55 percent in the last quarter, thanks in part to a more than doubling of revenue from cloud computing, the company said Wednesday. 3 Nov 2016
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Picture: JDA.com
JDA recently partnered with research firm EKN to survey retail merchandising executives to gain a better understanding of where the retail industry stands in terms of merchandising maturity, i.e. Merchandising 1.0, 2.0, and 3.0. 3 Nov 2016
Illovo Café Society Awards pays tribute to KZN's top cafés and baristas
© rawpixel – 123RF.com
The Illovo Café Society Awards, a collaboration between sponsor Illovo Sugar SA and the Sunday Tribune, pays tribute to the top coffee café owners and baristas in KwaZulu-Natal. 2 Nov 2016
Christo Wiese.
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Christo Wiese. Picture: Trevor Samson
The Shoprite share price lost some of its previous day's gains on Tuesday as doubts grew over the prospect of Steinhoff forking out a premium to gain control. 2 Nov 2016
SA's factory owners express record pessimism
© Vadim Ginzburg – 123RF.com
SA's factory owners showed their biggest swing into pessimism on record in October, the Barclays-sponsored purchasing managers index (PMI) released on Tuesday showed. 2 Nov 2016
Consumer attitudes reflect society's feelings
© Tyler Olson – 123RF.com
Ask Afrika launched the Ask Afrika Orange Index to establish a rank that not only reflects service levels in a particular industry but also compares these across sectors. The latest report has just been released. 2 Nov 2016
Is the department store dying? Shoppers at a Stuttafords store in Johannesburg.
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Is the department store dying? Shoppers at a Stuttafords store in Johannesburg. Picture: Russel Roberts
Observers of the South African retail industry are not convinced that Stuttafords can survive business rescue as planned. 1 Nov 2016
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