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Retail News

(c) Dmitry Kalinovsky -
(c) Dmitry Kalinovsky - 123RF.com
LOS ANGELES - Warehouse retail giant Costco has agreed to pay $11.75 million to settle allegations that some of its pharmacies improperly filled prescriptions for controlled substances, federal officials announced Thursday. 20 Jan 2017
(c) Serghei Starus -
(c) Serghei Starus - 123RF.com
The 'significant' drop in consumers' durable goods consumption will continue to hurt retailers, say economists. 20 Jan 2017
(c) Stanisic Vladimir -
(c) Stanisic Vladimir - 123RF.com
Price comparison site, PriceCheck has launched 'Marketplace', which simplifies the route to purchase. "Consumers will stay on-platform and purchase directly on PriceCheck using our unique one-click checkout," says founder Kevin Tucker. 20 Jan 2017
Picture: Supplied
Picture: Supplied
Red Heart Rum has signed up as a sponsor of the Zando Cape Town 10s rugby games, with naming rights. The event will be hosted at the Hamilton Rugby Club on 3-4 February 2017 and will see a number of rugby legends, celebs and media personalities in action throughout the weekend. 20 Jan 2017
Second-hand sales make up 40% of all items sold on bidorbuy
Previously owned items are still popular on South Africa's online marketplace, bidorbuy, and not just in antiques and collectibles. Out of more than two million items offered for sale on the site, almost 80% are new, while only a little over 20% are pre-owned. However, the sales figures of second-hand items account for as much as 40% of all items recently sold on the site. 20 Jan 2017
In the category for new neighbourhood and convenience shopping centre smaller than 20,000m² in size, Dainfern Square scooped the top award at the 2016 SACSC Awards.
Picture: Supplied / Wieland Gleich
In the category for new neighbourhood and convenience shopping centre smaller than 20,000m² in size, Dainfern Square scooped the top award at the 2016 SACSC Awards. Picture: Supplied / Wieland Gleich
In the fiercely competitive South African retail sector, the retail and retail development space in 2017 and beyond will include a high-tech, interactive shopping environment in a bid to lure shoppers to centres for longer. 20 Jan 2017
(c) foodandmore -
(c) foodandmore - 123RF.com
PARIS - Strong cognac sales for French beverage giant Remy Cointreau cheered investors who poured money into the company's stock on Thursday. 20 Jan 2017
(c) tobi -
(c) tobi - 123RF.com
Judging by the share price movement over the past four weeks, minority shareholders in Distell have still not come to terms with the unexpected news that the Public Investment Corporation (PIC) will be acquiring the 26.4% of the company held by Anheuser-Busch InBev (AB InBev). 19 Jan 2017
Picture:
Picture: The Times
Black Friday helped provide a surprise boost to November retail sales, which grew an unexpected 3.8% year on year. 19 Jan 2017
Picture: Supplied
Picture: Supplied
TFG (The Foschini Group) has introduced an online delivery option called Deliver 2 Me, which uses geolocation services (already used in apps such as Uber) to avoid the need for specific street delivery addresses. 19 Jan 2017
(c) dmitrimaruta -
(c) dmitrimaruta - 123RF.com
Clover's December 2016 trading volumes were markedly lower than for December 2015, the dairy company said. This pushed the share down 6.62% by the close on Wednesday. 19 Jan 2017
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The JSE opened firmer on Wednesday on stronger banks and mixed retailers, led by Shoprite, after both sectors were softer on Tuesday due to a stronger pound. 18 Jan 2017
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Disappointed investors punish the clothing retailer and shoot down its share price by close to 5%. 18 Jan 2017
Retail sales surprise with much stronger rise than expected
Retail sales increased by 3.8% in November from a year earlier, following a surprise 0.2% decrease in October, Statistics SA said on Wednesday. 18 Jan 2017
(c) Bogdan Ionescu -
(c) Bogdan Ionescu - 123RF.com
The share price has held up better than its bigger rivals in the retail sector. 18 Jan 2017
Picture:
Picture: Bloomberg
The group's non-South African supermarkets record sales growth of 32.2%. 18 Jan 2017
Top 10 consumer trends for 2017 launched
The Euromonitor International report, ‘The top 10 consumer trends for 2017', which analyses the trends that will shape the consumer landscape in 2017 is now available for download. 18 Jan 2017
(c) Jan Mikš -
(c) Jan Mikš - 123RF.com
Kyle Rozendo, CTO at SID puts forward nine simple ways to make sweeping changes to e-commerce website performance. 18 Jan 2017
(c) georgejmclittle -
(c) georgejmclittle - 123RF.com
A new report by KPMG International analyses the online shopping preferences and behaviours of more than 18,000 consumers in 51 countries, by geography, generation and product category. 18 Jan 2017
(c) Katarzyna Bialasiewicz -
(c) Katarzyna Bialasiewicz - 123RF.com
It has been exposed in a battle of toothpastes that when it comes to protecting your pearly whites Aquafresh Complete Care is not necessarily better than other brands, as suggested in an advert. 17 Jan 2017
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