Fashion retailer Truworths International has reported a 49.9% rise in annual profit as consumers coming out of Covid-19 lockdowns splashed out on items to rejuvenate their wardrobes and homes. 2 Sep 2022
Source: Reuters
Africa-focused e-commerce firm Jumia Technologies has partnered with drone-delivery startup Zipline to deliver household items to remote areas of Ghana. 1 Sep 2022
Source: Reuters/Siphiwe Sibeko
US retail giant Walmart Inc. has signed an agreement to begin buying the 47% stake in South African retailer Massmart that it does not own, the companies said in a joint statement on Thursday, 1 September. 1 Sep 2022
Source: Supplied
There's a new trend on the rise in the toy sector, with 'kidult' toys surging in popularity as young adults look to their childhood toys for comfort and nostalgia during difficult times, according to retailer Toys R Us. 1 Sep 2022
Source: Reuters/Siphiwe Sibeko
Woolworths Holdings plans to open more stores and ramp up its on-demand delivery service, its chief executive said this week, as it steps up a turf war for South Africa's affluent shoppers. 31 Aug 2022
Alcoholic drinks maker Distell is successfully tapping into Africa's significant commercial potential, with the Savanna and Klipdrift owner reporting record growth in African markets for 2021. As the company's marketing director for Africa, Kushilla Thomas has had no small part to play in that achievement. 31 Aug 2022
Shoprite's Money Market Account is now a fully-fledged transactional bank account, the first offering of its kind by a South African retailer. 31 Aug 2022
The Beer Association of South Africa (Basa) is lobbying for a more uniform tax regime within the alcohol industry and has made a submission to the National Treasury and the South African Revenue Service (Sars) on the 2022 Draft Rates Bill and the 2022 Draft Taxation Laws Amendment Bill. 30 Aug 2022
When Bertina Engelbrecht took the helm as Clicks Group CEO in January this year, she became the first Black woman to lead a listed retail group in South Africa. 30 Aug 2022
Pepkor has announced that its CEO Leon Lourens has opted to take an early retirement, effective 31 March 2023. He will resign as CEO and from the board on 30 September 2022 and will be available to Pepkor during his notice period until the end of March 2023 in order to facilitate the transition to the new CEO. 29 Aug 2022
Africa is known for many things, including our hot summers and cold winters. While some parts of South Africa may be spared from snow and frost, we still crave the comfort of a warm and cosy home. However, achieving this comfortable cocoon can get costly. 29 Aug 2022
Source: Supplied
US retail giant Walmart Inc, which owns a 53% majority stake in Massmart, has proposed to acquire the rest of its shares in the company in a deal valued at R6.4bn, the South African retail group has announced. 29 Aug 2022
Massmart's chief operating officer Jonathan Molapo has been promoted to CEO, succeeding Mitchell Slape who will step down on 31 December 2022, after taking up the role in 2019. 29 Aug 2022
Some Tunisian shops are rationing goods including cooking oil, sugar and butter, while big queues have hit petrol stations amid a fuel shortage as the government navigates a looming crisis in public finances. 29 Aug 2022
As the marketing and events manager for South African distributor Homemation, Kara Gouveia gets a thrill being surrounded by high-tech audio-visual and home automation equipment. 26 Aug 2022
Source: Mr Price Group
Value fashion and homeware retailer Mr Price is testing standalone baby stores, in a push to gain a share of the growing and highly competitive baby care products market, starting with a store it launched this week. 26 Aug 2022
Online shopping accounts for the majority of consumer complaints received by South Africa's Consumer Goods and Services Ombud (CGSO), according to its latest annual report. 25 Aug 2022
Source: Reuters
South African drinks maker Distell, set to be taken over by Dutch beverage company Heineken, has reported that its full-year profit rose by 36.7%, as consumers bought more wine, ciders and spirits despite cost of living pressures. 25 Aug 2022
South African consumers may be facing opportunistic price increases of sunflower oil as processor prices have increased by far more than sunflower seed prices this year, according to the latest Essential Food Pricing Monitoring Report released by the Competition Commission. 25 Aug 2022
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