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Retail News

Willow Creek triumphs in Extra Virgin Olive Oil World Rankings
The publishing of the Extra Virgin Olive Oil World Rankings (EVOOWR), lists Willow Creek as the only South African brand on the list of global champions, an achievement the Nuy Valley olive oil producer has now repeated for the third consecutive year. 9 May 2017
Coca-Cola sells 21.5% of Appletiser shares in BEE deal
Coca-Cola Beverages South Africa (CCBSA) has announced the sale of 21.5% of its shareholding in Appletiser South Africa (ASA) in two BEE deals. 9 May 2017
How brands that disguise their origins do damage to their bottom line
Many brands, particularly those from countries associated with poor production quality, attempt to disguise their origins. Some even attempt to deliberately associate their brand with a country that has a strong image to win over customers. Chinese consumer goods company, the Haier Group, for example, adopted the German-sounding name and dropped Qingdao from its original moniker in the early 1990s to inspire confidence. The Conversation 9 May 2017
Holdsport runs into heavy weather
Holdsport's share price closed 3% lower on Friday after the group reported difficult trading conditions in full-year results. 8 May 2017
Shoprite interest up as Basson sells stock
In an unprecedented move, Shoprite/Checkers is being forced to repurchase R1.8bn worth of shares from former CEO Whitey Basson. The move, which will add about R144m to Shoprite's annual interest bill, has been slammed as a misalignment of interests between a company and one of its former top executives. 8 May 2017
Four international awards for local gin manufacturer
At the American Distilling Institute's (ADI) Craft Spirits Competition, held in Baltimore in April 2017, local handcrafted dry gin - Ginifer - won three international awards, while Westcliff, a gin that belongs to the same stable, was also recognised. 8 May 2017
Starbucks Espresso Capsules to launch in SA
Starbucks will launch a range of its espresso capsules - compatible with Nespresso machines - in Johannesburg and Pretoria on 12 May 2017. 8 May 2017
Image source: Atterbury
Image source: Atterbury
The 130,000m Mall of Africa in Midrand, the largest shopping centre ever to be built from scratch in SA, has exceeded trading expectations in its first year of operation, defying the sceptics who believed the mall would struggle given Gauteng's heavily traded retail landscape. 8 May 2017
Sea Point welcomes new indoor food, retail market
After eight months of construction, the Mojo Market opened on 27 April 2017, over 80 stalls occupy the 2 000 sqm space, which unites the roadside and passing pavement footfall with floor-to-ceiling views of the sea and palm-lined promenade of Sea Point's Regent Road. 8 May 2017
Support Reach for a Dream this Slipper Day
Following the success of last year's Slipper Day initiative, Wimpy outlets are gearing up for this year's event with the sale of Slipper Day wristbands. R10 buys a Reach for a Dream wristband, which can be redeemed for a Wimpy Coffee on 12 May at any Wimpy restaurant nationwide and the right to rock in your slippers all day long in public. 5 May 2017
'Smart' denim promises touchscreen tech clothes
PARIS, France - A young man in a white t-shirt pulls on a dark blue denim trucker jacket, tucks his smartphone in an inside pocket and puts in-ear headphones in his right ear. He mounts a fixed-gear bike with flat, slightly curved wide handlebars. Riding through the streets of San Francisco, he occasionally taps or swipes his right hand over the left cuff of his jacket, as the directions he's listening to continually pop up on the screen of this advertisement. 5 May 2017
Amazon bows to EU's demands on e-books
©laurentiu iordache via 123RF
BRUSSELS, Belgium - The EU said on Thursday that Amazon had bowed to its demands and agreed to drop clauses requiring e-book publishers to disclose information about their deals with the US retail giant's rivals. 5 May 2017
Positive investor sentiment in Mdantsane, as Wimpy commits to June opening
There is positive investor sentiment in East London's Mdantsane City Shopping Centre, where Wimpy will add to the growing list of brands opening at the centre in June this year. The centre already has its sister brand, Debonairs. 5 May 2017
New smoke-free alternative to cigarettes launches in SA
Philip Morris International (PMI), makers of Marlboro and Chesterfield, has launched IQOS, a tobacco heating system designed to heat rather than burn tobacco in South Africa. 5 May 2017
Cash usage costs SA consumers R23bn
©om12 via 123RF
At the World Economic Forum (WEF) on Africa, being held in Durban, Mastercard released the ‘Cost of Cash for Consumers in South Africa Study', estimated at R23 billion or 0.52% of the country's GDP in 2015. Low-income earners carry the highest costs of cash, forfeiting 4% of their earnings compared to the national average of 1.1%. 5 May 2017
AB InBev to launch Budweiser in SA
Anheuser-Busch InBev plans to launch Budweiser in SA, it said in its March quarter results on Thursday morning. 4 May 2017
Image via Pioneer Foods
Image via Pioneer Foods
Pioneer Foods Group expects adjusted headline earnings per share (HEPS) in the six months to March to fall by up to 49% from a year ago. 4 May 2017
UK-born restaurant brand Café Rouge to open in SA
Fast-food franchising company Gold Brands has announced the planned entry of UK casual-dining brand Café Rouge into the South African market. The popular bistro, with outlets across London and the UK's main cities, is said to offer authentic French food in a Parisienne-style setting. 4 May 2017
Image via Business Day
Image via Business Day
A ruling by the National Consumer Tribunal]] looks set to wipe out much of Edcon's R400m-a-year club-fee income. 4 May 2017
The search begins for SA's best boerie
The search is on for the best maker of boerewors in South Africa, as the 25th annual Championship Boerewors competition officially opens for entries. 4 May 2017
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