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Retail News

This SA startup is taking the "braai" digital
For any of the non-South Africans reading this, a "braai" is a barbeque, and a vital part of the country's culture. 14 Dec 2017
Polyester could slip on banana peel of green fashion
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For decades after polyester's invention in the 1940s, there wasn't much exciting innovation in the fibres used in the world's textiles. Until now. 14 Dec 2017
Lizi's granola to join Pioneer Foods brand stable
Pioneer Foods has announced plans to buy UK-based granola brand Lizi's. The FMCG giant is the manufacturer of a number of household breakfast cereals including Weet-Bix, ProNutro and Bokomo Corn Flakes. 14 Dec 2017
Retail sales far lower in October than analysts expected
The retail sector did not do as well as expected in October but still signalled stronger economic growth at the start of the fourth quarter. 14 Dec 2017
Cash payments still rule informal trade
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According to Mastercard research, around 96% of transactions are still conducted in cash among South Africa's 1.5 million informal enterprises, despite strong interest in digital and card payments by consumers. 14 Dec 2017
Woolworths issues product recall after kids tees test positive for animal fur
Woolworths has issued a product recall on three children's t-shirts after being alerted to the use of animal fur in the pom-pom trims. With immediate effect, the product has been removed from the shelf, pending further investigation. 13 Dec 2017
Ethiopia: Institute says textile, garment market expanding
The Ethiopian Textile Industry Development Institute said the foreign currency generated from the textile sector has been steadily growing. 13 Dec 2017
European market could offer diversification for SA's SMEs
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According to the 2017 Ventureburn Startup Survey, only 5% of South African startups focus their attention on the European market despite South Africa's Trade, Development and Co-operation Agreement (TDCA) with the EU. 13 Dec 2017
Nivea and Thanda partner to create fairytale ECD classrooms
Ninety percent of brain development happens before the age of fivei, yet more than two thirds of South African children under the age of five are still not receiving the crucial Early Childhood Development (ECD) education that could make or break their future potentialii. Their development - physical, cognitive and emotional - is compromised because they are not receiving the services and care needed at this very crucial time in their young lives. This is because the right stimulation and nutrition in the first five years of a child's life directly impacts the development of neural pathways, which will later enable learning and the development of vital interpersonal skillsiii. 13 Dec 2017
#ATFexpo17: Challenges and opportunities facing SA's clothing retailers
While the demise of physical retail abroad - at least as we've come to know it - is sure to cast a shadow on the plans of local counterparts, retail consultant Brett Kaplan believes the long-term outlook for local apparel retail is a good news story. 13 Dec 2017
PayU broadens online payments service in Nigeria with PayU Receive
PayU Nigeria Nigeria has launched PayU Receive, which enables businesses in the country to conveniently and securely request and receive payments directly from their customers. The payment solution facilitates business-to-business and business-to-consumer payments easily via email or SMS. 13 Dec 2017
Aldo supports education access through limited edition Mx. sneaker drop
Global footwear and accessories retailer Aldo has joined forces with international advocacy organisation, Global Citizen, to support equal access to education. The 'Give Back, Move Forward' campaign is geared towards supporting the movement to help 264 million children gain access to education worldwide. As part of the campaign, 20% of the net proceeds from the sale of Aldo's genderless sneaker, Aldo Mx., will help children in the world's poorest countries get the education they deserve. 12 Dec 2017
Steinhoff's ruined reputation down to lack of internal governance
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Even though Christo Wiese has taken the helm as the interim CEO and is trying to stabilise the ship through the storm, Steinhoff faces the threat of becoming the biggest bankruptcy in South African corporate history. 12 Dec 2017
Black Friday bumps up shopping mall foot count
Black Friday 2017 saw shoppers lining up in and outside stores to ensure they did not miss out on limited deals. Some retailers opened their doors at midnight while others extended trading by a few hours. Customers took full advantage of the extended trading hours, leaving some shopping malls overwhelmed with the influx of bargain hunters. 12 Dec 2017
Burger King target 'doable'
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Empowerment company Grand Parade Investments (GPI), which is trading at close to a 12-month low, says it is confident of reaching the 75-store target for fast-food business Burger King by the end of June 2018. 12 Dec 2017
FairPlay urges enquiry into unsafe labelling of chicken imports
The FairPlay anti-dumping movement says it was dismayed to discover bulk packs of chicken for sale at a Makro store with a label claiming nine possible countries of origin. The discovery led FairPlay founder Francois Baird to email the Commissioner of the National Consumer Commission, Ebrahim Mohamed, appealing to him to launch an investigation into the labelling practices of frozen imported chicken that is being dumped in South Africa. 11 Dec 2017
Imbizo Shisanyama scoops #WindhoekSearch crown
Busy Corner Imbizo Shisanyama has walked away with the title of South Africa's best shisanyama and prizes worth half a million rand in the Windhoek Shisanyama Search. 11 Dec 2017
Alcohol delivery service Jumia Party launches in Ghana
Accra, GHANA - Jumia Food and Pernod-Ricard Ghana have joined forces to launch Jumia Party - a one-hour alcohol delivery service app that gives Accra users access to a marketplace of spirits, wines, beers and mixers. 11 Dec 2017
Image credit:
Image credit: Sunday Times
Markus Jooste, the billionaire face of South Africa's biggest ever corporate scandal, grew up in the world of horse racing and gambling. [Last] week his own bets turned to dust as he was forced to resign as CEO of Steinhoff International hours before R194-billion of value - almost its entire market capitalisation - in the company he founded was sensationally wiped out. 11 Dec 2017
Changing face of retail presents opportunity for the wine trade
Embrace the chaos brought by the mobile phone-fueled digital age and look to Portugal for a road map to success in the USA. Those were the clear messages from New York wine importer Cape Classics at a gathering of the South African wine industry hosted at Glenelly Estate in Stellenbosch. 8 Dec 2017
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