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Source: RCL Foods
Source: RCL Foods
South African food producer RCL Foods said on Thursday, 2 February that it expects its half-year profit to fall as much as 26.8% due to high commodity and energy costs in its chicken and baking businesses, sending its shares down more than 6%. 2 Feb 2023
Adidas launches 'Sportswear' - its first new label in 50 years
Adidas has introduced a new label to its brand stable - the first addition in 50 years. Dubbed Adidas Sportswear, the label is set to occupy the space between the brand's well-known Performance and Originals labels. 2 Feb 2023
Source:
Source: Pexels
Online shopping in South Africa is rising rapidly, with data released by World Wide Worx and Mastercard indicating that the South African online retail market reached R55bn in 2022, a 35% year-on-year increase. And predictions suggest that e-commerce will continue to grow by 25% in 2023 which could see online retail exceed 5% of total retail in South Africa for the first time. 2 Feb 2023
- Bata
Giving you the Power to be!
Every New Year should start off on the right foot - by placing an emphasis on mental, nutritional, physical and various other forms of wellness. This then, sets the tone for a successful, well-rounded approach for the rest of the year. 2 Feb 2023
South African township malls thrive over holiday season - Vukile
Shopping malls in South Africa's rural areas and townships saw a rise in visitors over the Black Friday weekend and in the run up to Christmas, despite widespread power cuts, the retail-focused Vukile Property Fund said on Wednesday, 1 February. 2 Feb 2023
Anti-dumping tariffs lapse on French fry imports
The anti-dumping tariffs on French fries placed on three European countries by the International Trade Administration Commission of South Africa (Itac) have lapsed. 1 Feb 2023
Hasbro to cut 15% of global workforce
Global branded toymaker and entertainment company, Hasbro, Inc., will eliminate approximately 15% of its global workforce this year in a bid to cut costs. The staff reductions, which affect roughly 1,000 global full-time positions, will commence within the next several weeks. 1 Feb 2023
- Heineken Beverages
Same-same but different - New 0.0% Alc Free
Savanna Premium Cider launches a new 0.0% alcohol-free variant to stay Drier than Dry this summer 1 Feb 2023
Township e-commerce startup Yebo Fresh secures R78m to fuel expansion
South African township-focused food and grocery delivery service Yebo Fresh has secured R78m with a pre-series A equity investment and a Jobs Fund grant. The funding will allow the company - which started in Hout Bay's Imizamo Yethu three years ago and now delivers to more than 25 townships in the greater Cape Town and Johannesburg areas - to expand its service further. 1 Feb 2023
- Insight Survey
Are 'better-for-you' options helping to beat SA's breakfast cereals market crunch?
Within the global and local breakfast cereals markets, demand for 'better-for-you' breakfast cereal products, with reduced amounts of 'unhealthy' ingredients, is rapidly rising amongst health-conscious consumers. Amidst a greater focus on nutritional value and quality, there is also an expectation among consumers to not compromise on taste. Local players are leveraging this demand by introducing innovative health-focused products to beat the ongoing unhealthy breakfast cereal stigma, as well as the threat of imminent labelling regulations. 1 Feb 2023
Hein Schumacher, Unilever's newly-appointed CEO. Source: Supplied
Hein Schumacher, Unilever's newly-appointed CEO. Source: Supplied
Following a global search for a new chief executive officer, consumer goods giant Unilever has appointed Hein Schumacher to the top job. He succeeds Alan Jope, who announced in September 2022 his intention to retire from the company. 1 Feb 2023
Shop! Association launches SA chapter to drive local retail innovation
Shop!, the global trade association dedicated to enhancing retail environments and experiences, has officially launched a South African chapter, adding to its list of growing chapters around the world. 31 Jan 2023
Source: Reuters/Siphiwe Sibeko
Source: Reuters/Siphiwe Sibeko
South Africa's biggest supermarket group Shoprite reported a 16.8% jump in half-year sales on Tuesday, 31 January, supported by a record Black Friday and festive season as both cash-strapped shoppers and upmarket consumers went after deals. 31 Jan 2023
Source:
Source: Pexels
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 appoints Mike Bosman as interim executive chair while CEO search continues
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
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
Source:
Source: Pexels
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
#BizTrends2023: Collaboration to power shift towards sustainable fashion
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
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
Key trends shaking up Africa's lucrative informal retail sector in 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
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