Woolworths Holdings expects first-half profit to fall by more than 20% due to extended lockdowns in Australia and civil unrest at home, the South African retailer said on Wednesday, sending its shares down more than 6%. 18 Nov 2021
Source: Checkers
The winners have been revealed for the 2021 South African Loyalty Awards, an awards platform developed specifically to celebrate loyalty excellence and innovation in the country. 18 Nov 2021
There is light at the end of the tunnel for retailers given 77% of consumers1 are gearing up for Black Friday shopping this year with only 10% saying they will not be shopping up a storm. The two main reasons provided by consumers for not participating in Black Friday deals is not having money to spend this year or simply never participating in Black Friday deals. 17 Nov 2021
South African shoppers have dramatically reduced the frequency of their monthly shopping trips, which are down from an average of five trips per month two years ago, to an average of three, according to an analysis by NielsenIQ. In addition, 500,000 households have been forced to stretch their monthly shop to beyond a month. 17 Nov 2021
South Africa's Spar Group reported on Wednesday a marginal rise in its annual profit and a slower turnover growth of 2.9%, weighed down by lockdown restrictions across all its markets as well as the impact of the civil unrest at home. 17 Nov 2021
Source: Supplied
Food and beverage giant PepsiCo has announced a new goal to help 50 million people gain ready access to nutritious foods by 2030 through its Food for Good food security programme and the expansion of the company's affordable nutrition food options as part of its PepsiCo Positive journey. 17 Nov 2021
Source: Reuters/Siphiwe Sibeko
Workers will start an indefinite strike on Friday at all group companies owned by Walmart-led Massmart Holdings in South Africa, their union said, creating another problem at the retailer struggling to turnaround. 16 Nov 2021
Eastgate shopping centre. Source: Liberty Two Degrees
The winners of this year's South African Council of Shopping Centres (SACSC) Footprint Marketing Awards were announced at an event held at Summer Place, Hyde Park on Monday. 16 Nov 2021
This year's Black Friday sales performance is predicted to outdo the levels in 2020, according to insights from BankservAfrica's recent point-of-sale (POS) and ATM data. However, sales are unlikely to exceed levels seen prior to the Covid-19 pandemic. 16 Nov 2021
Meal-kit delivery company UCook has launched a range of frozen meals designed for kids. UCook teamed up with Kath Megaw, a South African paediatric dietician, to create the range. 16 Nov 2021
Source: Supplied
Singapore-based fintech firm Kiwi Pay Group is set to launch what it claims will be the "biggest online marketplace in sub-Saharan Africa", with millions of product SKUs across various categories. 15 Nov 2021
The Shoprite Group has introduced an online bottle store, LiquorShop Online, selling more than 3,000 drinks and accessories at supermarket prices, and offering nationwide home delivery. 15 Nov 2021
Source: Distell
European brewing giant Heineken has agreed to buy Distell, South Africa's largest alcohol producer, in a deal that values Distell at approximately R40.1bn. The company made a recommended offer of R180 a share, according to a statement released on Monday. 15 Nov 2021
For retailers this holiday season, everything is relative when you consider last year's widespread lockdown of physical spaces and an accelerated shift to digital commerce in response to the global pandemic. 15 Nov 2021
Fashion retailer TFG wants to locally manufacture 30 million pieces of clothing a year within four years as it increasingly turns away from global supply chains, its CEO said after the company swung to a half-year headline profit. 12 Nov 2021
Barbie has teamed up with renowned local fashion designer Gert-Johan Coetzee, who has created a new ready-to-wear fashion collection and couture dress inspired by the world's most popular fashion doll and the diversity of South Africa. 12 Nov 2021
Instead of removing packaging entirely, retailer Spar says it has initiated a shift from a linear to a circular economy in which plastic and other forms of packaging never become unnecessary waste. 12 Nov 2021
At the end of 2021 it is expected that South Africa's online retail sales will total R42bn. With the vaccine rollout and a return to business-as-usual on the horizon, 76% of merchants are feeling positive about the year ahead - versus 63% at the start of 2021. 12 Nov 2021
South African fashion and lifestyle retailer TFG swung to a half-year headline profit, it said on Thursday, as it recovered from Covid-19 restrictions which forced store closures across its markets. 11 Nov 2021
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