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Retail News

Source: Reuters/Siphiwe Sibeko
Source: Reuters/Siphiwe Sibeko
South Africa's biggest retailer Shoprite Group has been approved for a secondary listing on A2X Markets. Shoprite Holdings Limited's ordinary shares will be available for trade on A2X from Tuesday, 11 April 2023. 4 Apr 2023
L'Oréal to buy cult luxury beauty brand Aesop in $2.5bn deal
French cosmetics giant L'Oréal has agreed to acquire Australian luxury beauty brand Aesop from Brazilian personal care company Natura &Co. The proposed transaction values Aesop at an enterprise value of $2.525bn. 4 Apr 2023
iStore opens Africa's first Apple Premium Partner store concept in Joburg
iStore has brought its Apple Premium Partner (APP) store concept to the African continent, launching the first store at Eastgate Mall in Johannesburg. 4 Apr 2023
Spain exhibition means big business for SA cosmetics industry
Members of the South African business community, who attended the In-cosmetic Exhibition in Barcelona, Spain, have welcomed the opportunities emanating from the three-day show. 3 Apr 2023
Retail brands join in on April Fool's Day shenanigans
April Fool's Day, observed on 1 April each year, is a day dedicated to light-hearted pranks, gags, practical jokes and hoaxes. Typically, brands have relished the opportunity to get up to mischief and troll their consumers with bogus product launches and unlikely brand extensions and collaborations. 3 Apr 2023
- Burger King
R400,000 in university fees to be won from Burger King and Varsity Vibe
Burger King and Varsity Vibe are running a competition that will give 20 lucky students R20,000 each towards their university fees. 31 Mar 2023
Easter retail sales dip expected... and other trade predictions
According to new research by the Bureau of Market Research (BMR), South African retailers are forecast to ring up additional retail sales value of R908m for the 2023 Easter season, down from the R923m in extra sales generated over the same period in 2022. 31 Mar 2023
Introducing Uniq: Shoprite's foray into fashion
Shoprite Group has launched its new clothing brand Uniq, and opened the doors to its first standalone fashion store in Cape Town's Canal Walk Shopping Centre. Another eight Uniq stores are scheduled to open in the next month. 31 Mar 2023
- Heineken Beverages
Three Ships Bourbon Cask Whisky: Matured by the South African sun
South Africans are drawn to the sun. After all, it lights up our days, fires up our dreams, and imparts its warmth and energy to our world. It's no wonder our whisky makers wanted to capture it. 30 Mar 2023
Rebuilt after riots, KZN's Edendale Mall now fully open for trade
Exemplar REITail has fully reopened Pietermaritzburg's Edendale Mall for trade following a phased rebuilding that commenced in August last year after the shopping centre was severely damaged in the July 2021 riots. 30 Mar 2023
Pepsi overhauls logo and visual identity after 14 years
Global beverage brand Pepsi has unveiled a new logo and visual identity, its first significant rebrand in 14 years. 30 Mar 2023
RCL Foods to sell Vector Logistics business for R1.25bn
Danish fund manager A.P. Moller Capital has finalised a deal to acquire frozen logistics operator Vector Logistics from South African food producer RCL Foods for R1.25bn. 29 Mar 2023
Drinks giant Diageo appoints Debra Crew as first female CEO
British multinational premium drinks giant Diageo is promoting its current chief operating officer Debra Crew to chief executive officer and Diageo board member, effective 1 July 2023. Crew will succeed current CEO Sir Ivan Menezes, who will be retiring after 10 years leading the company. 29 Mar 2023
- TDMC
The impact of AI-powered ChatGPT on digital media agencies and e-commerce
Since its launch in November last year, ChatGPT has been dominating conversations amongst marketers, educators, journalists and technologists, thanks to its remarkable human-like ability to produce well written topic-specific content in seconds. Many question whether AI-powered ChatGPT is coming for their jobs and the far-reaching impact it will have on society. 29 Mar 2023
Don't discount low-cost retail in South Africa
For retailers, relevance is reflected in a mirror of realities that must be understood with respect and met with dignity, especially in a diverse market such as South Africa. Low-cost retailers do this well. 29 Mar 2023
LG to release award-winning S95QR Sound Bar in South Africa this March
Global electronics brand LG has announced it will soon be releasing a new range of sound bars in South Africa. These premium audio products will hit our stores in March 2023 and are a must-have for audiophiles everywhere. One of the sound bars we can look forward to in this range is the eagerly anticipated flagship model, the LG S95QR. 29 Mar 2023
Price hikes on basic food items 'unjustified' - Competition Commission
The Competition Commission has accused food producers and retailers of subjecting South African consumers to unjustified food price increases over a two-year period. 29 Mar 2023
- OnPoint PR
CTM, celebrating 40 years of turning houses into beautiful homes
Turning houses into beautiful homes has been integral to CTM's business model. Since the leading specialist retailer in the market opened its trading doors in 1983, many South Africans have been able to turn their home renovation dreams into a reality - demystifying the notion that a beautiful home requires millions and millions of cash. And this year, CTM invites all South Africans to join them in celebrating 40 years of existence and 40 years of journeying with consumers to create their perfect sanctuary. 28 Mar 2023
Diesel rebate policy 'too selective', ignores broader food industry value chain - Fasa
According to the Franchise Association of South Africa, the temporary extension of the diesel fuel levy refund to food manufacturers in a bid to limit the impact of the energy crisis on food prices "does not go far enough" as it excludes the rest of the food value chain. 28 Mar 2023
Ziyakhala Waya Waya - LG is turning up the volume on the party scene in 2023
LG Electronics has announced the South African release of its latest party-starting XBoom RN speaker range. Some of LG's most powerful sound equipment is set to hit our shores in March 2023, helping take events all over Mzansi up a notch. 28 Mar 2023
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