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Retail News

Uniqlo's parent company Fast Retailing says that quarterly net profit jumped by almost half from a year ago ()
Uniqlo's parent company Fast Retailing says that quarterly net profit jumped by almost half from a year ago (AFP Photo/Kazuhiro Nogi)
TOKYO - Uniqlo's parent company said Thursday that quarterly net profit jumped by almost half from a year ago, as it refocused on a strategy aimed at luring thrifty shoppers. 12 Jan 2017
Total group sales jumped 6.5 percent during Tesco's third quarter to the end of November 2016 compared with a year earlier ()
Total group sales jumped 6.5 percent during Tesco's third quarter to the end of November 2016 compared with a year earlier (AFP Photo/Adrian Dennis)
LONDON - Supermarket chain Tesco, Britain's biggest retailer, announced Thursday rising sales during the festive period, which followed a strong third quarter despite uncertainty over Brexit. 12 Jan 2017
Christo Wiese.
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Christo Wiese. Picture: Financial Mail
The deal is to be priced slightly in favour of Steinhoff, share prices suggest. 12 Jan 2017
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At the recent event, officially announcing the 2016 matric results, Massmart provided the top three achievers in quintiles 1, 2 and 3 with hi-tech hampers worth R80,000. The hampers are aimed at assisting the students' transition from secondary to tertiary education. 12 Jan 2017
#BizTrends2017: Why more than ever, sustainability is good business
South African companies, including those in the retail sector, continue to experience a significant change in mindset among customers. The reality is that doing business is no longer just about profit, but also about creating shared value and meeting responsibilities to contribute to inclusive economic development, and to give back to communities and our planet. 12 Jan 2017
(c) moji1980 -
(c) moji1980 - 123RF.com
While MTN's latest payment-break offer to snare cash-strapped consumers deserves caution. 11 Jan 2017
Skincare deal gives fresh face to L'Oreal in US
PARIS - French cosmetics giant L'Oreal said Tuesday it had agreed to buy three leading skincare brands from Valeant for $1.3 billion in a move set to give its US offering a facelift. 11 Jan 2017
#BizTrends2017: Local franchise trends for 2017
South Africa's economy is under significant pressure and does not promise a great deal of progress for business or consumers – with the International Monetary Fund (IMF) predicting only 0.8% growth in 2017. Franchising, however, is one sector that has consistently shown its resilience by performing well and this trend is expected to continue in 2017. 11 Jan 2017
#BizTrends2017: Renewed focus on value in e-tailing levels the playing field
The online retail space in South Africa is often categorised as underperforming, but while there is plenty of room for improvement, this perspective might be a little shortsighted. In fact, 2016 saw records being broken, new innovative players entering the market and exciting predictions being made all of which bode well for the year to come. 11 Jan 2017
#BizTrends2017: The shift from the experience economy to the transformation economy
The world is in a silent revolution. Global consciousness is growing. Passion for mindless luxury is waning. Consumers are increasingly mindful of not only what their chosen product gives them, but how it makes them feel. 11 Jan 2017
Alibaba to buy China mall operator in $2.6bn plan
© AFP/File | Alibaba is China's dominant player in online commerce, with its Taobao platform estimated to hold more than 90 percent of the consumer-to-consumer market
SHANGHAI - Chinese e-commerce titan Alibaba will take control of domestic department store Intime through a $2.6 billion privatisation scheme, the companies said Tuesday, sending shares of the mall operator surging. 11 Jan 2017
London Fashion Week shake up tradition with mixed catwalks.
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London Fashion Week shake up tradition with mixed catwalks. Picture: Yahoo.com
LONDON - Men and women are sashaying down catwalks together at London Fashion Week, in a shake-up of tradition backed by celebrated designers including Vivienne Westwood. 10 Jan 2017
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Competition analysts believe it will involve another year of detailed engagements with competition regulators in many African countries... 9 Jan 2017
Tiger Brands bosses cash in after failure
Months after taking a R2.2bn write-down on its disastrous Nigerian acquisition, Tiger Brands' remuneration committee raised the fees of the directors who had overseen the decision to invest in the value- destroying Dangote Flour Mills. 6 Jan 2017
Pork is healthy, in moderation
This time of the year often leads to impromptu social occasions, such as braais or meals that are whipped up in record time. When you find yourself hosting, it is beneficial to know that pork remains one of the healthiest meats to turn to when cooking and entertaining. 6 Jan 2017
Edcon gets buy-in for new company
It was a busy end to 2016 for Edcon as the retailer cleared what CEO Bernie Brookes called "the last hurdle" in a deal that will see the group come under its creditors' ownership. 6 Jan 2017
China's Alibaba sues vendors over selling counterfeits
BEIJING: Chinese e-commerce giant Alibaba has filed a lawsuit against two vendors for allegedly selling counterfeit goods, it said, weeks after the US put its main platform on its "notorious markets" blacklist. 6 Jan 2017
Shares in UK clothing groups slump on price warning
LONDON: British clothes retailer Next on Wednesday warned of a tougher trading year ahead as uncertainty caused by Brexit weakens the pound and pushes up the cost of raw materials. 5 Jan 2017
Retail sales growth expected to underperform economic growth
© Zvonimir Atletic via 123RF
This year could prove to be a tough year for retailers, with real retail sales growth expected to underperform economic growth. Retail sales growth tends to be more cyclical than overall economic growth, outperforming the latter in good times, but often underperforming economic growth in tougher times. 5 Jan 2017
Schiaparelli rises from fashion death to Paris haute couture
PARIS: Fashion label Schiaparelli completed its remarkable resurrection on Tuesday when it was inducted into the elite ranks of Paris haute couture houses. 4 Jan 2017
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