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Retail News

Praveen Balgobind appointed as new chief manufacturing officer at Tiger Brands
Praveen Balgobind has been appointed as the new chief manufacturing officer at Tiger Brands, reporting to the CEO. 21 May 2024
Gert-Johan Coetzee launches sunglasses collection
South African fashion designer Gert-Johan Coetzee has debuted his first-ever sunglasses collection, embodying the label's signature flair for bold design and timeless elegance. 21 May 2024
Reasons to invest in the global luxury goods market
In recent years, market uncertainty has become the norm, leaving most investors actively searching for opportunities that offer them stability and long-term growth potential while limiting volatility in the face of constantly shifting economic sands. 21 May 2024
Braintree awarded LS Retail Diamond Partner Status for 5th consecutive year
Braintree has been awarded LS Retail Diamond Partner Status for the fifth consecutive year. LS Retail Diamond Partner Status signifies a high level of expertise, commitment, and success in implementing and supporting LS Retail solutions. 21 May 2024
Restaurant franchises sizzle under pressure, but remain resilient
In South Africa there are around 85,000 restaurants, many of which are within the 850 franchise systems in the fast food and restaurant sector, a market that’s expected to reach an estimated $4,9bn by 2026. 20 May 2024
E-commerce in SA is on track to surpass R100bn by 2026
With online retail expected to make up 10% of overall national retail sales in the next three years, Laurian Venter, sales director at OneDayOnly.co.za, says that to accelerate further, e-tailers will need to continue evolving and innovating. 20 May 2024
Over 50% of MEA consumers in loyalty programmes want freebies - Euromonitor International
According to research by Euromonitor International, more than 50% of consumers in the Middle East and Africa (MEA) favour discounts and offers alongside free products from their loyalty membership. 20 May 2024
End of an era: Rolex closes South African doors
Rolex has undeniably become the world’s most beloved mass producer of watches. After 76 years the company is closing its Sandton, Johannesburg office citing the change in “local markets and conjuncture”. 17 May 2024
Checkers revamps Sixty60 app
Checkers has announced that it is beta testing the new and improved version the Sixty60 app, enabling customers to shop for over 10,000 larger Hyper products, with same day delivery. 17 May 2024
SA Harvest receives R1m from H&M for fight against hunger
Local non-profit organisation SA Harvest received R1m from H&M South Africa to help fund its mission to end hunger in the country. 17 May 2024
Mr Price Sport brings Spanish brand Joma to SA
Mr Price Sport and Spanish sports clothing and shoe brand Joma have joined forces in an exclusive partnership, bringing Joma's renowned sports shoes to South Africa. 17 May 2024
Crocs’ Menlyn store gets a revamp, celebrates 16 years
The Crocs Menlyn store celebrated its 16th year bringing one-of-a-kind shoe styles and accessories to customers with a store revamp. 17 May 2024
Massmart, Walmart partner to secure better prices
Within the current economic environment, consumers are searching for better prices to find relief wherever they can and as a result Massmart is working closely with Walmart’s global buying offices around the world to secure better prices on a wide range of products. 16 May 2024
Battle of the beverages: Varun Beverages acquires BevCo, sets to expand African footprint
In a landmark deal, valued at close to R3bn, Varun Beverages, a New Delhi based multinational that is reportedly the second largest bottler of PepsiCo beverages, recently acquired BevCo, bottler of all PepsiCo-branded non-alcoholic beverages in South Africa, along with its wholly-owned subsidiaries. 16 May 2024
Bob Group brings smart locker, counter delivery services to KZN
Bob Group, an e-commerce ecosystem, has brought six new offerings of smart locker and counter delivery services to KwaZulu-Natal. The six new offerings went live in Durban on 1 May following the success of offerings in Gauteng and Cape Town. 16 May 2024
5 tips to build personalised engagement with your customers
In today’s fast moving digital environment and with e-commerce becoming more popular, shoppers now expect a faster, easier and more intuitive online experience. 16 May 2024
Experience the 'phygital' world at Decorex Cape Town
An exciting new concept at Decorex Cape Town, taking place from 6-9 June 2024 at CTICC, will feature room sets uniquely curated to bring emojis to life in physical form. Visitors to the show can witness the way digital meets physical as prominent local designers take inspiration from the vibrant and playful world of emojis. 15 May 2024
Heritage Capital drives growth in SA's specialty cheese sector
In a move to drive South Africa's specialty cheese sector, Heritage Capital, a 100% Black female-owned private equity fund manager, has announced its latest investment in the specialised dairy sector with Fairview Cheese. 15 May 2024
Get a taste of what’s next for the food industry with UFS Future Menus 2024 Food Trends
In an everchanging world, it’s important to always stay ahead of the curve. We must not only anticipate change, but we must also strive to lead it and even design it. That’s what the launch of the Future Menus Trends list 2024 is all about. Partnering with the Food Service industry and the super talented and creative professionals in this sector, we want to educate on Future Menus platform and co-create the next chapter of the sector. We’re committed to helping the industry thrive as consumers’ needs and desires keep evolving. 15 May 2024
Leap into the Futureverse with Reebok
As the popularity of avatar wearables continues to grow, Reebok and Futureverse have created an innovative roadmap to further bridge the virtual and physical worlds by announcing the launch of “Reebok Impact” – a custom AI fashion experience on Instagram. 15 May 2024
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