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Retail News

Fast fashion retailer Shein doubles profits ahead of IPO listing
According to reports, online fast-fashion retail Shein has more than doubled its profits as it awaits regulatory approval to go ahead with its stock market listing in New York or London. 8 Apr 2024
What are SA shoppers spending money on in 2024?
In a landscape where rising electricity costs, inflation, and ongoing concerns about loadshedding loom large, South African households are closely monitoring their expenditures. 8 Apr 2024
Consumer spending growth in SA steadied in 2023, report shows
Consumer spending growth in South Africa steadied in 2023 after the previous year's post-pandemic surge, but expected interest rate cuts will encourage more purchases in 2024, executives from Visa and Discovery Bank said on Thursday, 4 April 2024. 5 Apr 2024
Tristan du Plessis selected as Decorex’s Designer of the Year 2024
From the 2023 Restaurant and Bar Awards Best Club/Night Venue, Giselle Miami, to the popular Gorgeous George boutique hotel in Cape Town, and the instantly-recognisable and most sustainable restaurant in the world, Fyn, to a penthouse suite designed in collaboration with Grammy Award-winning DJ Black Coffee – Tristan du Plessis’s stylish legacy is on show across the globe, making him one of the most famous creative talents to come out of South Africa. 5 Apr 2024
Green Corp acquires Emad Bakeries
GreenCorp has acquired Emad Bakeries, a Jeddah-based producer of Arabic bread and pastries, in a strategic move that strengthens GreenCorp’s food-focused investment platform within the GCC. 5 Apr 2024
Parents turn to private labels as the rising cost of living bites
The rising cost of living has seen many South African parents considering private labels as a cheaper alternative to established baby brands. 5 Apr 2024
- Heineken Beverages
Heineken Beverages honours history of entrepreneurship
Heineken Beverages Green Seeds Entrepreneurship Programme celebrates graduates and introduces new cohort of entrepreneurs. 4 Apr 2024
New look for Nicci Boutiques at Nicolway Bryanston
Nicci Boutiques reopened its Nicolway Bryanston store in Johannesburg on Thursday, 28 March 2024, after undergoing a complete transformation. 4 Apr 2024
Charlene Louw appointed as new CEO of Beer Association of South Africa
The Beer Association of South Africa (Basa) has appointed Charlene Louw as its new chief executive officer. She will be leading the industry association that champions the vital role the beer industry plays in South Africa’s economy, culture and heritage. 4 Apr 2024
East Africa’s retail boom: a new opportunity for real estate
Rising consumer demand has led to the development of strong local retail brands and the emergence of international brands — all seeking to capitalise on this growing customer base. 4 Apr 2024
Navigating FICA compliance for the SA retail industry
The South African retail industry operates in a complex and challenging environment. Economic uncertainty, rising costs, and unpredictable consumer demands have created conditions in which retailers must constantly adapt to survive. 4 Apr 2024
Organic and Natural Products Expo makes Cape debut this April
The Organic and Natural Products Expo is set to hit the shores of Cape Town for the first time, from 26-28 April 2024 at the International Convention Centre in Cape Town (CTICC). 3 Apr 2024
Norman Goodfellows and Port2Port.wine announce e-commerce partnership
In a move set to stir up the landscape of the premium wine and spirits industry, Norman Goodfellows (NGF), a premium liquor retailer, has acquired a substantial interest in Port2Port.wine, an online fine wine & spirits marketplace. 3 Apr 2024
Woolworths acquisition of Absolute Pets approved by Competition Tribunal
The Competition Tribunal has approved the acquisition of Absolute Pets by Woolworths Holdings Limited. 3 Apr 2024
H&M Group to invest and refurbish stores globally
The H&M Group plans to invest more in physical stores, including refurbishing 250 globally. 2 Apr 2024
Alessandro Michele appointed new creative director of Valentino
Following his exit from Gucci 14 months ago, Alessandro Michele has been appointed as the new creative director of Valentino. 2 Apr 2024
- Heineken Beverages
Siyavanna SA - Get ready for the Savanna Comedy Bar 2024 spectacular comeback
Savanna Premium Cider, the most loved cider in the South Ahh and the biggest supporter of local comedy, is bringing the Savanna Comedy Bar back to the people in 2024. As a nation, it’s our superpower to laugh at ourselves. We laughed through droughts, through lockdown, and we’re still laughing in the dark because of loadshedding. It is time to get out of those sweatpants and turn the spotlight back onto live shows with the best laughs. Siyavanna SA – we get you and so this year Savanna is giving you a front-row seat to the funniest moments with our best local comedians across the country. 2 Apr 2024
Hatmaker Crystal Birch to open store at Johannesburg’s 44 Stanley
Celebrated hatmaker Crystal Birch is set to open her first standalone store at Johannesburg’s 44 Stanley on 6 April 2024. This new store will allow new and existing Joburg fans to shop the new CB24 collection, titled A:Head. 2 Apr 2024
Unlocking global sales potential for local businesses
The interconnected world of online marketplaces and efficient shipping services has ushered in a new era for South African retailers, facilitating access to global markets and driving sales beyond traditional borders. 2 Apr 2024
Witchery's V&A Waterfront store reopens with a fresh, innovative look
The Witchery Store reopened its doors at the V&A Waterfront on 28 March. The revamped concept store, operated by Country Road Group (CRG), exemplifies CRG's commitment to innovation and improving customer experiences. 2 Apr 2024
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