Steinhoff CEO Louis du Preez. Source: Reuters/Mike Hutchings
The Western Cape High Court has approved Steinhoff's Section 155 global settlement proposal, the company confirmed on Monday, 24 January. If no appeals are lodged before 15 February, the €1.43bn (R25bn) settlement will become binding on all claimants. 25 Jan 2022
Source: Reuters/Mike Blake
Steinhoff's Supervision Board, which is trying to bring the affairs of the once-vaunted furniture company to an orderly close, has announced one further step in the process. 11 Jan 2022
Source: Faithful to Nature
Faithful to Nature is the first retailer in South Africa to become B Corp certified, for its commitment to social and environmental sustainability. With innovations like product transparency, sustainable packaging and carbon neutral delivery, the brand has been instrumental in introducing South African consumers to more natural, ethical and sustainable products and practices, and they continue to pioneer this movement in the country. 7 Jan 2022
Andy Bond, the chief executive of Steinhoff subsidiary Pepco Group, a fast-growing pan-European variety discount retailer, will step down from his role at the end of March 2022. The veteran retail executive's departure is due to health reasons, a Steinhoff Sens announcement stated. 6 Jan 2022
In the World Retail Congress' end of year review 2021 digital business transformation leaders at Publicis Sapient have defined the five core trends shaping the future of retail into 2022, along with what brands should focus on to become organisations that put shoppers first. 31 Dec 2021
Earlier this week South African retailer Massmart Holdings says its headline loss per share, the main profit measure in South Africa, will be at least 40% worse than the reported headline loss per share reported in 2020 of 426.8 cents. 24 Dec 2021
In one of the biggest UK retail deals for years, the Weston family of Selfridges & Co. has sold the British department store operator to a Thai conglomerate Central Group led consortium. 24 Dec 2021
Source: We are EGG
We are Egg customers now have the opportunity to sign up for and make purchases with a brand-new store card, powered by RCS. 21 Dec 2021
Frame Leisure Trading, parent company of sportswear retailer The Cross Trainer, has announced the passing of the retailer's general manager, Chris Bezuidenhout. 17 Dec 2021
Leading retailer, Game, is looking to change up the narrative on Twitter this festive season by encouraging people to share kindness with their friends and family through its Compliments of the Season campaign. Using a Twitter Mosaic, the retailer is asking people to tag someone on Twitter with a compliment and spread some festive cheer. 17 Dec 2021
Workers disgruntled over low wages and changes to terms and conditions of employment, go on strike outside a Makro store in Johannesburg on 19 November 2021. Source: Reuters/Sumaya Hisham
Thousands of striking workers at companies under Massmart Holdings in South Africa, which is owned by Walmart Inc, will return to work after reaching an agreement over disputes, a labour union said on Monday. 7 Dec 2021
It's that time of the year when shopping paves the way for the festive season - and, as tradition has it, shoppers are searching for the best specials. According to the recent Finder.com's Black Friday Shopping Report, roughly three quarters (74%) of South African adults will shop on Black Friday - provided the price is right. 26 Nov 2021
Shoprite Group has launched smaller-format Checkers supermarkets, called Checkers Foods, catering to growing demand from customers for Checkers stores in their neighbourhoods. 26 Nov 2021
Source: Reuters/Siphiwe Sibeko
Mr Price posted on Thursday a 34.4% rise in half-year earnings, boosted by acquisitions and marking a rebound from a low base in 2020 when it was affected by virus-related lockdowns. 25 Nov 2021
Checkers is opening its first standalone Little Me store in Drakenstein, Western Cape, which will stock a range of popular baby brands, including maternity wear exclusively designed and manufactured by local supplier, Cherry Melon. 23 Nov 2021
Source: Getty
Spiralling shipping costs and Covid-19 supply chain disruptions are accelerating a shift by South African retailers to end their heavy reliance on Asia and move to source products locally. 22 Nov 2021
Thousands of workers, disgruntled over low wages and changes to terms and conditions of employment, went on strike on Friday at companies owned by Massmart in South Africa, the South African Commercial Catering and Allied Workers Union (Saccawu) said. 19 Nov 2021
Sportswear retailer The Cross Trainer has opened the doors to its first flagship store, located at the V&A Waterfront shopping mall in Cape Town. 19 Nov 2021
Zara has opened the doors to its newly revamped store at the V&A Waterfront shopping centre in Cape Town. 18 Nov 2021
Source: Reuters/Siphiwe Sibeko
Woolworths Holdings expects first-half profit to fall by more than 20% due to extended lockdowns in Australia and civil unrest at home, the South African retailer said on Wednesday, sending its shares down more than 6%. 18 Nov 2021
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