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Retail News

Amazon calls off iRobot deal
Amazon and iRobot on Monday, 29 January 2024, announced that they have entered into a mutual agreement to terminate their previously announced acquisition agreement, originally signed on 4 August 2022, under which Amazon would have acquired iRobot for cash consideration. 30 Jan 2024
Black Friday, holiday sales spur demand at SA's Shoprite
Shoprite, one of South Africa's biggest supermarkets group, reported on Tuesday, 30 January 2024, a nearly 14% jump in its half-year sales, supported by a record Black Friday and festive season as cash-strapped shoppers and upmarket consumers went after food deals. 30 Jan 2024
Exness, the global retail market-maker, rebrands
Exness, a global retail market-maker, has unveiled a significant rebranding initiative, reflecting and reinforcing its position. Through a revamped visual identity, Exness turns the spotlight on the very values that helped it reach the top. 30 Jan 2024
Toys R Us, Babies R Us festive campaign raises funds for Reach For A Dream Foundation
Toys R Us and Babies R Us customers have successfully raised R403,305 for NPO Reach For A Dream Foundation during the festive season. This generous contribution was made by thousands of shoppers who participated by adding just R5 to their shop over this period across 50 Toys R Us & Babies R Us stores nationwide. 30 Jan 2024
SAB and Moletele Community bears fruit in lime farming partnership
A lack of local supply of limes was affecting South African Breweries’ Corona beer’s authentic drinking ritual. The solution was a novel opportunity to invest in lime farming and in boosting local production, emerging farmers and their communities were significantly empowered. 29 Jan 2024
Lerato Kgamanyane to represent Cetaphil SA at fashion week in NYC
Cetaphil South Africa, a skincare brand renowned for its dermatologically tested products for sensitive skin, proudly announces Lerato Kgamanyane as the official face representing the brand at the fashion week in New York City. 29 Jan 2024
TFG's sales growth slows in Christmas quarter due to soft Black Friday
South African fashion retailer TFG on recently reported slower sales growth in its third quarter, hurt by a softer Black Friday, power cuts, and delays at ports that have affected supplies for the industry. 29 Jan 2024
Mr Price says high risk caused by SA's port woes has subsided slightly
South Africa's Mr Price, a budget fashion and homeware retailer, said on Thursday, 25 January 2025, the high level of risk caused by the country's port congestion has subsided slightly but it will continue to take necessary action to prevent impact on trade. 29 Jan 2024
Direct-to-customer set to be 2024's retail disruptor
In the ever-evolving landscape of retail, a notable turn has taken centre stage as multiple brands continue their transition from traditional brick-and-mortar sales to a dynamic fusion of e-commerce platforms. 29 Jan 2024
How business leaders are inspiring brand and customer loyalty in 2024
The loyalty as a service industry has grown leaps and bounds in the last decade. Its foundations include traditional brand and customer loyalty strategies such as rewards cards and personalised service offerings. 26 Jan 2024
Builders’ new platform encourages customers to stop procrastinating
Builders has unveiled a dynamic brand platform called ‘Do Day’ aimed at breaking the chains of procrastination. 26 Jan 2024
Retail trend riptides: time to sink or swim
Retail trends do not occur in isolation – they are the result of macro influences that shape consumer and shopper behavior and retailer strategies. In the ever-evolving world of retail, understanding the broader landscape is essential to anticipating and adapting to emerging trends. 25 Jan 2024
Moving toward Industry 4.0 - the convergence of BPO and transformative trends in 2024
As we progress into the year 2024 and the future, the convergence of technological advancements and evolving consumer expectations will continue to reshape how businesses operate. From micro-fulfilment centres driving efficient on-demand last-mile deliveries, to robotic warehouses enhancing supply chain efficiency and e-commerce embracing omnichannel integration and sustainability, the transformative trends for Industry 4.0 are both diverse and impactful. 25 Jan 2024
Reebok launches Answer OG III in SA
Reebok has announced the South African launch of the legendary Answer OG III, Allen Iverson's fourth signature model and the third in his iconic Answer series. Hitting stores today, 25 January 2024, these kicks are a callback to the days defined by the indomitable spirit of one of the game’s greatest players. 25 Jan 2024
6 steps to opening a second business location
As we step into the new year, the prospect of expanding your business to a second location might be an enticing opportunity for growth. But it’s a decision you shouldn’t take lightly. Careful planning, critical analysis, and data-informed execution are essential to ensuring your new location’s success. 24 Jan 2024
Demystifying category management for small retailers operating in low data environments.
Retail is a vibrant and highly competitive sector in which small businesses often contend with challenges around the implementation of effective category management strategies. This is often attributed to SMEs limited access to detailed data. 24 Jan 2024
Rémy Martin celebrates its 300th anniversary and unveils a year of celebrations all around the world
Born in 1724, the House of Rémy Martin will celebrate 300 years of exceptional cognac-making this year. To mark its tricentenary, the House will connect past, present and future with a year of special activities around the theme ‘We Dream Forward’. For three centuries the House has combined craft and innovation, passing it forward to build sustainable exception for the future. 24 Jan 2024
Clicks 20-week sales boosted by strong festive season
South African pharmacy chain Clicks Group said on Tuesday, 23 January 2024, retail sales for its 20-week period rose by 11.8% driven by strong festive season trading and growth in personal care, beauty and essentials such as cleaning products. 23 Jan 2024
Ghana wants to make importing food like rice and tomatoes more costly: expert explains why it’s a bad idea
Ghana, like many other developing nations, relies heavily on imports of food and consumer goods to feed its population. For instance, Ghana imports 55% of the rice that is consumed locally. The country’s import dependence is primarily a consequence of the production of low-value primary products without substantial value addition. 23 Jan 2024
Woolworths flags lower half-year profit as shoppers spend less
South African retailer Woolworths expects its half-year profit to fall by as much as 10% due to consumers pulling back on spending on clothes and as the country's energy and logistics crises persisted. 23 Jan 2024
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