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Retail News

Afghan delivery men feel pressure as online sales rise
KABUL, Afghanistan - Afghan courier Sarajuddin stops his motorbike on a dirt road in the heart of war-torn Kabul and calls his customer for directions: "I am in the second street. Which way should I go now?" 6 Feb 2018
Four fast ways to maximise in-store promotions
When economies are under pressure, brand owners must work hard to preserve their coveted customer loyalty and sales. This could be through new product innovations that stimulate interest, or simply by reinforcing those brand attributes customers have come to love. 5 Feb 2018
Slowdown in food inflation set to ease burden
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Average middle-income earners spend 28% of their salary on food, so the stable inflation environment will bring much-needed relief at the till, say economists, who have noted slight improvements in the prices of staples such as bread and cereal. 5 Feb 2018
Mall for Africa expands to 11 new markets
Mall for Africa, an e-commerce and m-commerce platform present in Nigeria, Kenya, Ghana and Rwanda, has expanded to 11 new countries in Africa in response to rising demand for its patented service. 5 Feb 2018
Entries now open for 2018 Wine Label Design Awards and Beer Label Design Awards
South African wine and beer producers as well as design studios are invited to enter the fourth annual Wine Label Design Awards and the inaugural Beer Label Design Awards. The motivation for the competition is to reward outstanding design as an influence on wine and beer purchases. 5 Feb 2018
Game-changing trends for the manufacturing industry in 2018
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When you think 'IoT', is your first thought newly affordable, available sensors being added to products after they've been manufactured? If it is, well I believe 2018 will change that perception as IoT takes a decisive step forward in its evolution. 5 Feb 2018
Retailers, shopping malls power through festive spending binge
Consumers spend more over the festive period - not because of improved circumstances but mostly because of factors such as better marketing and relatively low interest rates, said Dawie Roodt, chief economist for the Efficient Group. Speaking to the South African Council of Shopping Centres (SACSC), he noted that new developments such as Black Friday have also contributed to the spending 'binge'. 2 Feb 2018
AU's free trade area set for launch in March
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KIGALI, Rwanda - The long-awaited Free Trade Area (FTA) that aims to increase intra-regional trade within the continent, will be launched in March this year in Kigali, Rwandan Foreign Affairs Minister, Louise Mushikiwabo, said in a statement obtained on Tuesday in Kigali. 2 Feb 2018
Unilever posts rising 2017 profits
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THE HAGUE, The Netherlands - Food and consumer products giant Unilever on Thursday posted soaring 2017 profits of €6.5 billion ($8.05 billion), after a year of "major change" when it spurned a Kraft Heinz takeover bid. 2 Feb 2018
Coca-Cola Peninsula Beverages looks to aid in provision of relief water in Cape Town
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In an effort to help mitigate the impact of Day Zero, Coca-Cola Peninsula Beverages (CCPB) in partnership with the Coca-Cola Foundation and participating suppliers are in the process of finalising the details to provide millions of litres of relief water to the Western Cape and City of Cape Town. 2 Feb 2018
Historic French fashion label Paul Poiret is revived
PARIS, France - The historic French fashion label Paul Poiret has been resurrected and will show its first collection in nearly nine decades at Paris fashion week next month, the brand said. 2 Feb 2018
Steinhoff director spills the beans about accounting irregularities and Jooste's disappearing act
Director and chairman of Steinhoff's audit committee, former ABSA CEO, Steve Booysen on Wednesday recounted the dramatic discovery on 5 December of the alleged accounting irregularities which have rocked the group and led to the resignation of former CEO Markus Jooste. 1 Feb 2018
Africa's consumer goods and retail sectors driven by expanding middle class, tech development
In Africa and the Middle East, the value of mergers and acquisitions (M&A) transactions is expected to rise to $6.4 billion in 2018 and will continue to rise in 2019, to $6.6 billion, before dropping to $4.1 billion in 2020. 1 Feb 2018
Acdoco SA lands local distribution deal for Jordan oral care
Acdoco SA, a consumer packaged goods brand-custodian and distributor, has been appointed as the exclusive South African distributor for global oral care brand, Jordan. 1 Feb 2018
Rights issue to aid Imbalie liquidity
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AltX-listed salon franchisor Imbalie Beauty intends to raise nearly 40% of its market capitalisation to bolster its business amid rising competition. 1 Feb 2018
Retailer spend on AI to reach $7.3bn by 2022
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As retailers target new avenues to increase personalisation of the customer experience, global retailer spending on AI is predicted to reach $7.3 billion per annum by 2022, up from an estimated $2 billion in 2018. 1 Feb 2018
Image credit: Financial Mail/Jeremy Glyn
Image credit: Financial Mail/Jeremy Glyn
The global retail group Steinhoff is reeling under allegations of accounting fraud. Since the allegations surfaced last year the CEO of the multi-billion dollar business, Markus Jooste, has fallen on his sword and the company's stock has been hammered, at one point losing about 90% in market value in a few days. 31 Jan 2018
ECDC invests R12m in Eastern Cape fast food entrepreneur
Despite owning 11 fast food outlets in four towns in the Eastern Cape, Sicelo Mntonga still regards himself as an emerging entrepreneur. 31 Jan 2018
Saddler Belts brand 'Saddler' is now a registered brand, over 27 years of excellence
Saddler Belts is proud to announce that after 27 years of trading, they have registered their "Saddler" brand. 31 Jan 2018
New Mungo Mill a nod to transparent textile design and production
Textile company Mungo, founded 35 years ago by master weaver Stuart Holding, opened a new mill in November at the historic homestead of Old Nick Village in Plettenberg Bay. The Mungo Mill is the company's new thriving hub of production, comprising its design, weaving and CMT departments. 31 Jan 2018
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