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Retail News

Advantage Group names Lauren Filen as customer director for Africa
Business-to-business engagement solutions provider Advantage Group International has appointed Lauren Filen as customer director for Africa. In this role, she will be responsible for retailer engagement and coverage, market revenue growth and key account management in South Africa and the rest of the continent. 23 Feb 2023
#Budget2023: Alcohol industry welcomes inflationary hike on excise duties
South African associations representing the alcoholic beverages industry have welcomed the inflation-linked excise tax increases, following years of above-inflation hikes. 23 Feb 2023
TFG launches Bash online shopping platform
TFG officially launched its new fashion and lifestyle shopping platform, Bash, this week after beta launching the online retail marketplace in July last year. 22 Feb 2023
#Budget2023: Inflation-linked sin tax increases
Consumers of alcoholic beverages and tobacco products will from 1 April 2023 have to dig deeper into their products to indulge in their favourite brands. 22 Feb 2023
Top SA Gamer, Mister Flak's honest review: LG's OLED C1 vs C2
Console gaming is one of the most popular forms of gaming, with record stats showing there are 800 million console gamers around the world. Impressive yes, but even more awe-inspiring is the new technology coming to the fore to fuel the gaming craze. Consoles nowadays are designed to give gamers the best possible experience with revved-up graphics, high frame rates, and super-fast gameplay. But without a top-quality display to go with their consoles, gamers simply won't experience their games' full potential. 22 Feb 2023
Shoprite launches private label range sourced from local SMMEs
Shoprite has introduced a new private label range of food products, dubbed Homegrown, primarily sourced from local small, medium and micro enterprises (SMMEs). 22 Feb 2023
Source: Bidcorp
Source: Bidcorp
South African food services company Bid Corporation Ltd (Bidcorp) reported a 45.5% jump in half-year earnings on Wednesday, 22 February, benefiting from resurgent demand across the hospitality, tourism, and leisure sectors. 22 Feb 2023
Source: ©tupungato -
Source: ©tupungato - 123RF
French luxury house Hermès will be paying its 19,700 employees around the globe a €4,000 once-off bonus. This follows a positive year of growth for the company. which reported a 29% increase in revenue to €11.6m for 2022 with sales growth in all geographical regions. 22 Feb 2023
Source: Reuters/James Oatway
Source: Reuters/James Oatway
South Africa's biggest food producer Tiger Brands said on Tuesday, 21 February that its four-month revenue to end January rose 17% year-on-year as it raised prices to manage soaring input costs. 21 Feb 2023
#Newsmaker: Builders VP Karen Ferrini on retail innovation and expansion
Karen Ferrini brings 25 years of retail and FMCG experience to her new role as vice president at Massmart-owned home improvement, DIY and building materials retailer Builders. As of 1 February, she took the baton from Herman Venter, who shifts into the position of group chief merchandise officer (CMO) for Massmart. 21 Feb 2023
Source:
Source: Pexels
Mineral water producers are up in arms over a report claiming that tests had found bottled water to be potentially toxic and loaded with heavy metals, firing back with their own research. 21 Feb 2023
How SA's cash-constrained consumers are shifting shopping habits to save on costs
South African consumers want more flexibility in how they shop, value locally-sourced products and are willing to share their data for loyalty programmes if they can access greater discounts 20 Feb 2023
Retail campaign puts the love back into Valentine's Day
Sandton City launches "Love is Love" campaign 20 Feb 2023
Source:
Source: Pexels
South Africa's beer industry, still recovering from the Covid-19 national lockdown and four alcohol sales bans, is being further devastated by the country's energy crisis and ongoing bouts of load shedding. Ahead of the Budget Speech this week, the Beer Association of South Africa (Basa) is calling on Finance Minister Enoch Godongwana to announce amendments to the current excise regime governing the alcohol industry in a bid to provide a lifeline to thousands of business across the beer value chain. 20 Feb 2023
SA florists, jewellers and gift shops rake in Valentine's spend
Consumer spending data from FNB reveals that online and in-store shopping increased during the week of Valentine's Day compared to the same period last year. 20 Feb 2023
Promising trading density and growth at SA shopping malls
Despite a tough operating environment, the retail property heartbeat looks strong, spurred on by new leasing activity, says Belinda Clur, managing director of Clur International. 17 Feb 2023
Source: ©Matej Kastelic -
Source: ©Matej Kastelic - 123RF
Dis-Chem Pharmacies Ltd said on Friday, 17 February its five-month group revenue is likely to have risen by 4.7%, as healthcare becomes a greater share of overall consumer spend and beauty product sales recovered following the Covid-19 outbreak. 17 Feb 2023
- DNA Brand Architects
Introducing the Macallan Harmony Collection Rich Cacao
A unique collaboration bringing the worlds of chocolate and whisky to life. 17 Feb 2023
African online retailer Jumia's Q4 losses narrow on cost savings
African e-commerce firm Jumia Technologies said on Thursday, 16 February that cost savings had helped it reduce fourth-quarter losses by 30% from a year earlier, with a further sharp drop expected this year. 17 Feb 2023
David Meintjes, CEO at Telviva. Source: Supplied
David Meintjes, CEO at Telviva. Source: Supplied
We have heard it said many times before but it doesn't change the fact that it is true: technology is, and will continue to be, crucial to an online retailer's competitiveness and success. Retailers know that today's consumer, and no doubt the consumer of tomorrow, has more choices than ever before and if they feel underserved or unsatisfied their recourse is as simple as "swiping left". 16 Feb 2023
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