According to BankservAfrica's point-of-sales (POS) transactional data, total spending by South African consumers in December reached R100bn, while the volume of transactions hit 142 million. 31 Jan 2023
Spar Group has appointed its new nonexecutive chairman Mike Bosman to a senior executive role, temporarily replacing outgoing chief executive officer Brett Botten until a permanent successor is found. 31 Jan 2023
Source: Reuters/Sumaya Hisham
Pepkor Holdings, the owner of South African clothing retailer Pep and Ackermans, reported a 6.5% rise in first-quarter revenue on Monday, 30 January, helped by 132 new stores that it opened in the period and the acquisition of Brazilian retailer Avenida. But its like-for-like sales were hit by load shedding. 30 Jan 2023
FNB has recorded a steady turnaround for the personal care and beauty industry over the past 12 to 18 months. This industry suffered severely through Covid-19 due to lockdown restrictions, and even after restrictions were relaxed, some customers remained hesitant to visit salons and spas which resulted in activity not picking up sooner. 30 Jan 2023
If you listen to everything happening around us in South Africa and extend that listening to the rest of the world, it's easy to believe that the fashion retail environment hasn't much hope in the world. However, when you start to pay closer attention here in South Africa, you will see that there's a lot of fantastic things happening, especially in the sustainability space. 30 Jan 2023
Source: Supplied
Industrial and consumer goods company, Henkel South Africa, has expanded into Zimbabwe through a partnership with Cluster Diagnostics. Officially launched in Harare on 26 January 2023, the partnership will see Cluster Diagnostics in Zimbabwe distribute Henkel industrial adhesives to the local market. 30 Jan 2023
According to Boston Consulting Group (BCG), Africa's informal retail sector accounts for more than 70% of food, beverage and personal care products provided to consumers across the continent. 27 Jan 2023
Source: Reuters/Thomas Mukoya
Diageo Kenya, a unit of Diageo Plc, has received regulator approval to buy an extra 14.97% stake in Kenya's East African Breweries, it said on Friday, 27 January. 27 Jan 2023
Medmart Health and BabyBug, two suspended Takealot merchants, have been referred to the Competition Tribunal for alleged collusion and price fixing on personal protective equipment (PPE). 27 Jan 2023
Source: Reuters/Mike Hutchings
Fashion retailer Truworths on Thursday, 26 January forecast half-year profit growth of up to 11% on bumper sales over Black Friday in November and Christmas even as power outages at malls hampered shopping. 26 Jan 2023
AVI Ltd posted half-year sales growth of 7.2% on Thursday, 26 January, as the South African food producer and fashion retailer lifted prices to offset input cost pressures, but warned its profits would barely rise. 26 Jan 2023
JSE-listed REIT Redefine Properties says retailers are starting to sign longer leases again in lockstep with increased footfall at its properties, calling it a strong indication that South Africa's post-Covid-19 recovery is on track. 26 Jan 2023
South African consumers have lamented the loss of some iconic food products over the years - Cadbury's Tempo,
Chocolate Log, and Simba's All Gold Tomato Sauce chips to name a few. 26 Jan 2023
China is now the African continent's largest trading partner, accounting for $254bn in 2021. It's also the main country of origin for African manufacturing imports, providing 16% of Africa's total in 2018. 25 Jan 2023
Mounting consumer awareness and consumption of proteins from sustainably-derived sources is driving the growth of the global protein alternatives market. 25 Jan 2023
Networking solutions company HPE Aruba Networking revealed its predictions for the retail industry at NRF 2023 last week, unpacking how retailers will leverage technology to get ahead of evolving customer demands and operational challenges over the next 12-18 months. 24 Jan 2023
Pharmacy chain Clicks Group on Tuesday, 24 January reported slower turnover growth for the 20-week period to 15 January, reflecting a sharp fall in Covid-19 vaccinations. Turnover rose by 2.9% versus growth of 10.4% seen a year earlier. 24 Jan 2023
Source: Supplied
Massmart-owned home improvement, DIY and building materials retailer Builders has launched a new online tool called Product Finder, in an effort to assist customers on their hunt for those impossible-to-find items. 24 Jan 2023
Source: Reuters/Siphiwe Sibeko
TFG's third-quarter sales jumped by 17.3% after Black Friday sales and holiday specials spurred demand for summer clothes and furniture, it said on Monday, 23 January. 24 Jan 2023
Exponential! This is one word synonymous with e-commerce globally. It is expected to be bigger than ever in 2023. It's been also predicted that global m-commerce retail sales will reach close to $4.5tn, or 69.9% of total retail e-commerce sales. 23 Jan 2023
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