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Retail News

(c) Juan Antonio Barros Moreno -
(c) Juan Antonio Barros Moreno - 123RF.com
Clover Industries has acquired Olive Pride, a leading manufacturer and importer of olive oils, extra virgin olive oils, balsamic vinegars and related products, from Southern Canned Products, a wholly owned subsidiary of AECI. 17 Jan 2017
On a seasonally adjusted basis, US retail and food services rose 0.6 percent in December to $469.1 billion ()
On a seasonally adjusted basis, US retail and food services rose 0.6 percent in December to $469.1 billion (AFP Photo/Kena Betancur)
WASHINGTON - US retail sales rebounded in the final month of 2016 while wholesale inflation slowed in the world's largest economy, according to official figures released Friday. 17 Jan 2017
File image of a Makro superstore in Milnerton, Cape Town. Makro is housed by Masswarehouse, a division of Massmart.
Picture:
File image of a Makro superstore in Milnerton, Cape Town. Makro is housed by Masswarehouse, a division of Massmart. Picture: Wikimedia Commons
Walmart subsidiary Massmart's sales grew 7.7% to R91.2bn in the 52 weeks to December 25‚ beating product inflation of 6.7%. 17 Jan 2017
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Picture: Sunday Times
Retailer TFG reported double-digit sales growth for the nine months to December, a feat that was widely applauded by the market, sending the share price soaring more than 6% in intraday trade. 17 Jan 2017
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Budget clothing retailer Mr Price suffered a 0.5% decline in sales to R6.1bn over the Christmas quarter even before taking into account high product inflation of 10.8%. 17 Jan 2017
(c) Rostislav Sedlácek -
(c) Rostislav Sedlácek - 123RF.com
Despite much hype and 'this is the year of mobile' predictions, the local market still hasn't quite reached its potential in terms of using mobile as a transacting tool. 17 Jan 2017
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Picture: Sunday Times
TFG's share price shot up more than 6% in midday trade on Monday after the retailer said its Christmas sales exceeded expectation. 16 Jan 2017
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Picture: Supplied
The Rebosis subsidiary will look for opportunities in mainland Europe likely to include non-retail assets. 16 Jan 2017
An employee works on an ophthalmic lens at 'special glasses' laboratory of the Essilor factory, in Ligny-en-Barrois, eastern France | ©  | Jean-Christophe Verhaegen
An employee works on an ophthalmic lens at 'special glasses' laboratory of the Essilor factory, in Ligny-en-Barrois, eastern France | © AFP/File | Jean-Christophe Verhaegen
PARIS - French lensmaker Essilor said Monday it has agreed to buy Italy's Luxottica, maker of Ray-Ban sunglasses, in a bid to create a new global giant in the sector. 16 Jan 2017
A pedestrian walks past a Cartier store, operated by Richemont, as it stands illuminated at night in Shanghai, China. Picture:
A pedestrian walks past a Cartier store, operated by Richemont, as it stands illuminated at night in Shanghai, China. Picture: Bloomberg
Luxury goods company issues upbeat trading update on first sales spike since August 2015 period as global jewellery demand rises. 16 Jan 2017
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Picture: Bloomberg
The company says its cautious strategy in the rest of Africa is proving to be the right approach. 16 Jan 2017
Shoppers leave a Woolworths store in Lenasia, south of Johannesburg. Picture:
Shoppers leave a Woolworths store in Lenasia, south of Johannesburg. Picture: Reuters
The just-released trading update from Woolworths points to 2017 being another extremely tough year for a group that was, until as recently as the end of 2015, one of the darlings of the investment community. 13 Jan 2017
Surprise uptick at factories
A recovery in agricultural output and the uptick in the mining sector could support demand going forward, BER economists predict. 13 Jan 2017
A man looks at a Montblanc watch, part of Switzerland-based luxury goods holding company Richemont.
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A man looks at a Montblanc watch, part of Switzerland-based luxury goods holding company Richemont. Picture: AFP
Luxury goods group says women's fashion brand Chloé, fountain pen and watchmaker Montblanc and men's clothing brand Peter Millar performed well. 13 Jan 2017
(c) radub85 -
(c) radub85 - 123RF.com
There are further signs of trouble in SA's struggling retail sector, with Woolworths releasing a poor trading update that analysts say can only be a bad omen for the rest of the retailers still to release their Christmas figures. 13 Jan 2017
#BizTrends2017: Craft spirits - the makers, the flavours, the stories
Simone Musgrave, founder of Musgrave Gin, pioneered the pink gin trend in South Africa after finding a niche in the market whilst working as a trend forecaster. 13 Jan 2017
Amazon relied on its suppliers to provide list prices for its Canadian website without verifying that those prices were accurate ()
Amazon relied on its suppliers to provide list prices for its Canadian website without verifying that those prices were accurate (AFP Photo/Loic Venance)
MONTREAL - The Canadian branch of US online retailer Amazon will pay Can$1.1 million ($836,967) over allegedly misleading pricing on its website, the government said on Wednesday. 13 Jan 2017
Picture: Supplied
Picture: Supplied
Kees van der Westen, described as the Da Vinci of espresso machines, was in Cape Town for the first time on 12 January 2017 to visit Coco Safar SA. 13 Jan 2017
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Picture: Sunday Times
On Thursday Truworths International reported a 21% rise in retail sales to R10.2bn for the 26-week period that ended on Christmas Day. 13 Jan 2017
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Picture: BDlive
Retailer says exclusion of Boxing Day from first-half figures is partly to blame for lacklustre sales growth. 13 Jan 2017
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