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Retail News

Verimark earnings expected to be sharply higher
Retailer Verimark says headline earnings per share (HEPS) for the year ended 28 February are expected to be between 176% and 238% higher than the previous year, which it attributes to a combination of sales price increases and the strengthening of the rand. 4 Apr 2017
Manufacturing output still positive but lower than in month before
Manufacturing purchasing has held on to recent gains and only dipped slightly lower in March 2017, but the Cabinet reshuffle may have far-reaching consequences. 4 Apr 2017
Amazon's cashierless convenience store opening delayed
Amazon has postponed the opening of its first cashierless convenience store as it works out technical kinks in the payments system. 3 Apr 2017
Go Water launches in South Africa
Go Amplified Caffeinated Water, an energy-boosting water product has been launched in South Africa, at a time when sugar-sweetened drinks are facing strong scrutiny. 3 Apr 2017
Coca-Cola Supplier Development Conference aims to grow local procurement
In terms of the agreed public interest conditions, which were approved by the Competition Commission, Coca Cola Beverages South Africa (CCBSA) held its inaugural Supplier Development Conference to identify opportunities to maintain and grow local procurement. 3 Apr 2017
Shoppers desire degree of control over retail technology
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Consumers are most willing to engage brands with new technology if they feel that they are in control of their experience. This is according to findings from the Oracle Retail 2025 study, which examined consumer attitudes to new technologies and how their implementation will shape consumer behaviour in the years to come. 3 Apr 2017
H&M sales rise in SA bad
©Tea via 123RF
Swedish retailer H&M has continued on its winning streak in SA, dodging the malaise to which domestic retail players have succumbed. 3 Apr 2017
No collusion in fresh produce, say RSA Group
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The RSA Group has moved to quash allegations by the Competition Commission that it, along with eight other fresh produce groups, has been fixing prices in order to squeeze out smaller rivals. 31 Mar 2017
Woolworths launches home-grown fashion collaboration at #SAFW17
Woolworths launched its highly-anticipated ‘StyleBySA' seasonal campaign at SA Fashion Week, showcasing the creations of some of the local fashion industry's most creative minds. The capsule collection features the work of eight designers, namely Rich Mnisi, Thebe Magugu, AKJP, Pichulik, Maria McCloy, Sol-Sol, Selfi and Young & Lazy. 31 Mar 2017
H&M launches new upmarket brand as profits slow
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STOCKHOLM, Sweden - Swedish clothing giant Hennes and Mauritz (H&M) on Thursday announced the launch of its eighth fashion brand as tough market conditions in the US and Central Europe hurt profits. 31 Mar 2017
Share-price rises point to interest in retail sector
Prospects for the retail sector may be dismal in 2017, but that has not stopped investors from piling in. The general retailers index has gained 4.2% in the year to date, while stocks in the food and drug retailers index have added 8.13%. Both are outpacing the all share, which is up 3.29% so far. 30 Mar 2017
Tribunal nod for PIC holding in Distell
The Competition Tribunal has approved the Public Investment Corporation's (PIC) acquisition of Anheuser-Busch InBev's 26.5% stake in Distell but no details of the price have been made public. 30 Mar 2017
Scottish Leader teams up with Dennis Chuene in #NewPerspective video
Scottish Leader recently joined forces with South African designer, Dennis Chuene to produce a video that demonstrates what the popular blended Scotch whisky brand means with its ‘a new perspective' tagline. 30 Mar 2017
Understanding today's omnishopper
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It's been a long time since the general store was the go-to place for consumers to pick up everything they needed from week to week. But variety hasn't just increased over the years, it's diversified. And as a result, today's consumers aren't just shopping a single channel—they blend channels and shop fluidly according to their unique needs. 30 Mar 2017
Coca-Cola collaborates with Gavin Rajah at MBFWCT17
During the recent Mercedes-Benz Fashion Week Cape Town, designer Gavin Rajah partnered with Coca-Cola to unveil four limited edition bottle designs during his show. 30 Mar 2017
#FreshOnTheShelf: Vital launches healthy, on-the-go snack range
Vital Health Foods has introduced a new range of grab-and-go nutritional snacks. The bars, bites and air-popped rice come in a variety of flavours, are gluten-free and have no added sugar or preservatives. 29 Mar 2017
AB InBev bets on renewables for future energy
Anheuser-Busch InBev (AB InBev), the largest beer group in the world, has committed itself to secure 100% of its purchased electricity from renewable sources within eight years. On Tuesday the group, which controls about one-third of the global beer market, said the commitment will shift 6 terawatt-hours of electricity annually to renewable sources in the markets where AB InBev is operating. 29 Mar 2017
This kids clothing range literally grows alongside your child
Today's fashion industry has long been embroiled in a sustainability challenge. Constantly contributing to the depletion of fossil fuels through its relentless use of natural resources to produce ‘Fast Fashion' garments – trend-based clothing produced quickly and on the cheap – it's a practice that is killing our environment. 29 Mar 2017
Bidcorp's Joffe to bow out and list new firm
Bidcorp executive chairman Brian Joffe will step down at the end of June 2017, taking up the role of nonexecutive director of the foodservice company unbundled from Bidvest Group in mid-2016. 29 Mar 2017
Image credit: Stellenbrau
Image credit: Stellenbrau
Heineken South Africa has signed a deal with Stellenbosch-based brewery, Stellenbrau, making it part of the global brewing concern. 29 Mar 2017
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