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Retail News

Retail trade sales up 5.4% y/y in September
In good news for third quarter economic growth, the retail sector did better than expected in September. Retail trade sales increased 5.4% in September from a year earlier, to R74.12bn, Statistics SA said on Wednesday. They were up 1.4% in the third quarter from the second. 16 Nov 2017
National Cape Antique Fair comes to Cape Town
The National Cape Antique Fair will be taking place at The Great Cellar, Alphen Estate in Constantia from 17 to 19 November, and calls on antique collectors and the general Cape Town public to bring along their valuable items for appraisal by experts. 15 Nov 2017
Digital coupon redemptions predicted to reach $91bn by 2022
©Anna Bizon via 123RF
According to a new study from Juniper Research, the value of digital coupon redemptions will surge to $91 billion by 2022, up from $47 billion in 2017. 15 Nov 2017
Woolworths forges ahead with digital strategy
Woolworths is investing confidently in its digital strategy, as global retail trends reveal steady growth in online shopping and tech-savvy instore customer experiences. 15 Nov 2017
Reminder to visit the China Premium Tex - ATF Trade Exhibition - 21-23 Nov, CTICC, Cape Town
If you are in the business of clothing, footwear, textiles and fashion accessories, then come and network, explore and see what's available on the international market. 15 Nov 2017
Gavin Rajah's Prêt à Vivre collection supports local talent
Gavin Rajah's Prêt à Vivre collection of linen and handpoured massage candles, set to hit @home stores later this month, is the driving force behind the 'Behind the Seams' initiative, a project that outsources and trains women from vulnerable communities to sew and embroider. 15 Nov 2017
Images supplied.
Images supplied.
Just in time to avoid the Christmas shopping panic mode most consumers snap into come November, The Loveables pop-up store has opened online as well as a brick-and-mortar store in Brickworks, at 13 Brickfield Road, Salt River. It's a gorgeous space packed with curated homeware, garden, baby and décor gift ideas. Curator Tammy Holmes shares the biggest challenge they've faced... 15 Nov 2017
Mastercard-Spazapp collaboration brings cashless payments to informal retailers
The informal retail sector boasts an impressive R46 billion in annual sales a year with more than nine million households regularly shopping at these stores. While these shops represent the economic backbone of many local communities, according to Mastercard "their true potential remains untapped as they do not have the tools necessary to accept electronic payments and run their businesses effectively." 15 Nov 2017
UK regulator clears Tesco's £3.7bn Booker takeover
LONDON, UK - Britain's competition regulator has given the green light to supermarket giant Tesco's 3.7-billion takeover of wholesaler Booker, it said Tuesday. 15 Nov 2017
Olympian Ibtihaj Muhammad inspires first hijab-wearing Barbie doll
Toymaker Mattel is celebrating Olympic medalist Ibtihaj Muhammad by creating and selling a Barbie doll in her likeness. Muhammad emerged on the world stage for her swordsmanship and accolades as the first American Olympian to compete while wearing a hijab. 14 Nov 2017
Hisense acquires Toshiba television business
Hisense Electric, the publicly listed subsidiary of Hisense Group, has agreed to purchase 95% of the shares of Toshiba Visual Solutions Corporation (TVS), a wholly owned subsidiary of Toshiba Corporation, for 12.9 billion Japanese Yen (R1,6 billion). Toshiba holds its 5% stock rights. 14 Nov 2017
SA's Wezart helps African artists sell to world
South African art and fashion marketplace Wezart is helping African artists and designers sell to the rest of the world via its e-commerce platform. 14 Nov 2017
Lewis sells more furniture, but more of it is on credit
©diego cervo via 123RF
The proportion of furniture Lewis sold on credit in the first half of is financial year widened to 68.8% from 63.4% in the matching period, helping it grow merchandise sales 5% to R1.3bn. 14 Nov 2017
27 Boxes relaunches
Melville's 27 Boxes, a mall made from shipping containers, only built in 2014, is already undergoing a a revamp in order to remain relevant as a family and entertainment destination. The relaunch takes place on Friday evening, 17 November. 13 Nov 2017
Luxury group Richemont sees 'exceptional' growth
ZURICH - Richemont, the world's second-largest luxury group, said Friday it had enjoyed exceptional profit growth in the first half of its financial year as the firm moved on from a costly buyback of its high-end watches. 13 Nov 2017
Ante Ramljak, crisis manager at Agrokor | ©
Ante Ramljak, crisis manager at Agrokor | © AFP
ZAGREB - Debt-wracked Balkan food and retail giant Agrokor is in a dispute with creditors over two billion euros in claims, half of which is demanded by the Russian state-controlled Sberbank, the firm's crisis manager said Thursday. 13 Nov 2017
Credit:
BEIJING - Chinese online shoppers spent a record $25bn on this year's Singles' Day promotion run by e-commerce giant Alibaba, up nearly 40% from last year, figures showed on Sunday. 13 Nov 2017
Burberry shares dive on strategy overhaul
LONDON - Burberry shares tumbled on Thursday, as investors were spooked by the expected costs of a strategy overhaul and a below-expectations rise in profits at the British luxury fashion giant, analysts said. 10 Nov 2017
Supplied
Supplied
There has been a growing consciousness of leading healthier lifestyles amongst the general population, seeing increased demand for products that contain nutrients essential for keeping the body at its optimum. 10 Nov 2017
#FreshOnTheShelf: Darling Sweet adds some local spice to its range
Local toffee manufacturer Darling Sweet is excited to announce the addition of Rooibos Chai to its range of now 11 flavours, all handcrafted using traditional methods and with no artificial colorants, flavourings or preservatives. 10 Nov 2017
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