South Africa's Spar Group reported on Wednesday a marginal rise in its annual profit and a slower turnover growth of 2.9%, weighed down by lockdown restrictions across all its markets as well as the impact of the civil unrest at home. 17 Nov 2021
Source: Reuters/Siphiwe Sibeko
Workers will start an indefinite strike on Friday at all group companies owned by Walmart-led Massmart Holdings in South Africa, their union said, creating another problem at the retailer struggling to turnaround. 16 Nov 2021
Fashion retailer TFG wants to locally manufacture 30 million pieces of clothing a year within four years as it increasingly turns away from global supply chains, its CEO said after the company swung to a half-year headline profit. 12 Nov 2021
South African fashion and lifestyle retailer TFG swung to a half-year headline profit, it said on Thursday, as it recovered from Covid-19 restrictions which forced store closures across its markets. 11 Nov 2021
While Black Friday has entrenched itself as a firm fixture on the retail calendar in South Africa, Singles' Day is inching its way onto the local promotions scene with a growing number of retailers driving sales activities around the event. 10 Nov 2021
Source: Reuters/Siphiwe Sibeko
Dis-Chem Pharmacies Ltd reported a 35.3% jump in half-year earnings on Wednesday, helped by pent-up demand for medicines and vaccines after the easing of pandemic lockdowns. 4 Nov 2021
Source: Massmart
Doug Jones, the senior vice president and CEO for Massmart Wholesale, has resigned to pursue a job opportunity in Sydney, Australia, Massmart announced in a trading update on Tuesday. 4 Nov 2021
Source: Reuters/Siphiwe Sibeko
Shares in Massmart rose just over 4.5% on Tuesday after the retailer reported higher nine-month comparable store sales and progress towards a cost savings target under its turnaround plan. 2 Nov 2021
Source: Reuters/Siphiwe Sibeko
Fashion and lifestyle retailer TFG said on Friday it expects to have swung to a profit in the first half of the year as it recovered from Covid-19 restrictions which forced store closures across its markets. 2 Nov 2021
Adidas South Africa is opening its most sustainable retail space at the V&A Waterfront in Cape Town on Friday, 29 October. Taking inspiration from nature, the 478sqm Adidas concept store is centred around a biophilic design, aimed at bringing the outdoors inside. 28 Oct 2021
According to Salesforce, global online revenue will increase by 7% this year. In other words, between November and December, online buyers are expected to spend $1.2trn worldwide. While this is encouraging news for brands and businesses, consumers will pay a higher price. 27 Oct 2021
The way that we shop has changed. Nowadays, consumers are quick to turn to their mobile phones or laptops to grab the latest deal, order food online or pay for a service. The rapid uptake of digital services and a shift away from brick-and-mortar stores means that consumer expectations have increased. Retailers looking to capitalise on this year's Black Friday will need to ensure that they keep their customers happy. 25 Oct 2021
Speaking at the announcement of Pick n Pay's financial results on Wednesday, chairman Gareth Ackerman said the retailer is concerned that the Covid-19-related state of disaster is being "used by elements of government to address liquor policy issues without resorting to the constitutional processes". 22 Oct 2021
Clicks has opened its second standalone Clicks Baby store in Mall of Africa at Waterfall City, Midrand, following the launch of the concept in May at Gateway Theatre of Shopping in KwaZulu-Natal. 21 Oct 2021
The launch of standalone Jet Home stores commences on 28 October, with store locations that include Pritchard Street, Heidelberg Mall, Kenako Mall, East Rand Mall and N1 City. 21 Oct 2021
Rosebank Mall is currently home to the first Soko District, a curated retail space designed to showcase a bevy of small, local brands, and give them a platform to grow. 20 Oct 2021
Source: Reuters/Siphiwe Sibeko
Grocery retailer Pick n Pay reported a near 91% jump in half-year earnings on Wednesday, boosted by a strong first quarter as it recovered from last year's strict pandemic curbs. 20 Oct 2021
Source: Supplied
Sportswear retailer, The Cross Trainer, has stated its commitment to grow its store footprint in new areas in the country, stimulate job creation, and increase the number of collaborations with local designers. This is despite the retail chain having suffered significant losses during the civil unrest and looting that gripped South Africa in July. 12 Oct 2021
Source: Pick n Pay
In an earnings update shared on Thursday, Pick n Pay said that severe trading disruptions caused by restrictions on liquor sales and the civil unrest in KwaZulu-Natal and Gauteng in July resulted in an estimated R1,7bn in lost sales in the second quarter. 1 Oct 2021
South African fashion and lifestyle retailer TFG has acquired the local bedding, duvet and pillows brand Granny Goose and its associated manufacturer, Cotton Traders. 30 Sep 2021
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