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Retailers News

It has gone ominously quiet after the much-awaited judgment by the Competition Appeal Court in the Wal-Mart matter, but there is still a week left for the parties to indicate whether they will consider appealing to the Supreme Court of Appeal. 3 Apr 2012
For global retailers looking to secure long term growth and diversify their source of income, setting up an African strategy is key. 3 Apr 2012
HomeChoice Holdings, a direct marketing retailer selling home décor and financial services products to the rapidly expanding middle-income market in southern Africa, has announced its intention to list on the JSE in the second half of 2012, market conditions permitting. 3 Apr 2012
Pick n Pay sees operation earnings down 10%-20%
Pick n Pay on Friday said headline earnings per share (HEPS) and diluted HEPS from continuing and total operations would decrease by between 10% and 20% for the year ended 29 February 2012. 2 Apr 2012
Pick n Pay's struggles over the past few years have sparked speculation that the 45-year-old retailer could be a takeover target for overseas and local retailers. 2 Apr 2012
Bowl over Woolworths with winning soup recipe
The annual Woolworths Soup Recipe Competition has opened for entries to all amateur cooks to enter their original soup recipes, which can be inspired by MasterChef or handed through the family for years. 30 Mar 2012
Organic farmer/retailer programme launches at PnP On Nicol
Minister Rob Davies of the dti launched the organic farmer/retailer programme at Pick n Pay's flagship store, On Nicol in Hurlingham on Friday 23 March 2012. Pick n Pay is the first retailer to agree to provide dedicated organic produce shelf space in 50 stores countrywide, as its contribution to facilitating the development of the organic produce sector and emerging farmers. 27 Mar 2012
With no intention of receding into the shadows, Africa's biggest retailer, Shoprite Holdings on Thursday, 22 March 2012, said it would raise R8 billion to bolster its balance sheet and help fund acquisitions as it readies itself in the face of increased competition following US giant Wal-Mart's entry to the continent. 23 Mar 2012
Shoprite launches R8bn in equity, convertible bonds
Shoprite Holdings (SHP) is to launch up to 27.2 million new ordinary shares, representing 5% of its ordinary shares in issue, and is to make a concurrent offering of convertible bonds due 2017 in a nominal amount of approximately R4.5 billion, it said on Thursday, 22 March 2012. 22 Mar 2012
Gap expecting more global rivals in SA
More international retailers will enter SA in the next few years as the country's retail sector matured, Stefan Laban, MD of strategic alliances for Gap Incorporated, said yesterday, 19 March 2012. 20 Mar 2012
Craig Jacobs design capsule at Edgars Melrose Arch
From tomorrow, 21 March 2012, Fundudzi by Craig Jacobs will be on sale at Edgars Melrose Arch for one month as part of the SA Fashion Week Designer Capsule. The range, marking the arrival of the autumn/winter season, evokes the edginess of the African street in the typical understated style of the label, which has shown in catwalks across the globe from Stockholm to Luanda and Paris to Maputo. 20 Mar 2012
It was Samuel Johnson who said: "Every state of society is as luxurious as it can be. Men always take the best they can get." 19 Mar 2012
Steinhoff's effective takeover of retailer JD Group was given the green light by JD Group shareholders this week - despite stubborn resistance from 12.9% of investors who vetoed the deal. 19 Mar 2012
Following its successful openings in Sandton and Durban, leading Spanish fashion brand, Zara, confirmed the opening of its first Western Cape-based store in the Victoria Wharf at the V&A Waterfront later this year. 12 Mar 2012
More flowers for Constantia
The new Stodels Garden Centre will be hosting its grand opening in Constantia on Saturday 10 March 2012. It is part of the Stodel family's business founded in the late 1960s and handed over from father to son. 9 Mar 2012
Buy Master Chef SA wines from Woolworths
In a collaboration between Nederburg and Woolworths, the chain store will sell two exclusively blended wines during the reality cooking show series MasterChef South Africa. 6 Mar 2012
Edcon mulls JSE listings to repay debt
SA's biggest clothes retailer, Edcon, may return to the JSE as early as next year as the company seeks to repay debt owed to bondholders by 2014. 2 Mar 2012
The margin squeeze on traditional retail products, driven by fierce competition in the South African retail industry, is sending a stream of South African retailers north into the rest of the continent, Marsh Africa said on Tuesday, 28 February 2012. 28 Feb 2012
Listed retailer Truworths (TRU) will open 19 stores in the second half of the 2012 financial period, it said on Thursday, 23 February. 24 Feb 2012
Retailer Truworths (TRU) on Thursday, 23 February 2012, reported diluted headline earnings per share were up 14% to 272.3 cents for the 26 weeks ended December 2011, from 238 cents previously. 24 Feb 2012
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