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Retailers News

The Crazy Store MD reflects on 10 years with the retailer
The Crazy Store marks 25 years of operation this year, and for 10 of those Kevin Lennett has helped steer the retailer's growth trajectory as managing director. 9 Jun 2022
Mr Price confident that value-focused model will help it weather volatility
Mr Price Group has reported a a 20.1% jump in full-year earnings, as consumers coming out of the Covid-19 lockdowns revamped their wardrobes and homes, with acquisitions adding a boost. 9 Jun 2022
Source: Spar
Source: Spar
South Africa's Spar Group has reported a 3.7% rise in half-year profit, as its businesses continued to recover from Covid-19 restrictions. 8 Jun 2022
Frasers Group buys Missguided out of administration
Frasers Group, the retail empire founded by Mike Ashley that owns House of Fraser and Sports Direct, has bought embattled online women's fashion retailer Missguided out of administration for £20m in cash. 1 Jun 2022
Source: Supplied
Source: Supplied
Pepkor said its plans to open more than 300 stores in the 2022 financial year remain on track, despite a challenging operating environment impacted by supply chain disruptions and constrained spending. 31 May 2022
Amazon opens doors to first physical clothing store
Amazon's first brick-and-mortar clothing store, Amazon Style, opened in Los Angeles this week. 26 May 2022
Massmart sustains private label investment as shoppers search for savings
The rising cost of living for South African consumers is pushing shoppers to purchase more private label products during their routine shopping trips, as a way to keep costs down. This is according to Makro and Builders owner Massmart, which has recorded growing interest in its private label products across all customer segments and has stated its intention to continue investing in these areas. 26 May 2022
Source: Dis-Chem
Source: Dis-Chem
Dis-Chem Pharmacies reported a rise in annual profit on Monday, 23 May, buoyed by acquisitions of new drugstores and stronger demand for medicines as Covid-19 lockdowns ease. 23 May 2022
New Bravo Brands Experience Centre launches in Joburg
Bravo Brands, the specialist in home and lifestyle comfort products, is opening a new brand experience centre and headquarters in Kramerville, Johannesburg. 20 May 2022
Source: Supplied
Source: Supplied
JSE-listed Shoprite Holdings has, through its subsidiary Shoprite Checkers Propriety Limited, established a Black Economic Empowerment transaction through formation of the Shoprite Employee Trust. 18 May 2022
Pick n Pay's big plans: New brands, cost-cutting, Boxer expansion and omnichannel growth
The "biggest and most important change in Pick n Pay for many years". That's how Pick n Pay Group CEO Pieter Boone has described the retail company's new four-year strategic plan revealed this week. 18 May 2022
Yuppiechef founders resign 9 months after Mr Price takeover
Yuppiechef founders Andrew Smith and Shane Dryden have resigned, less than a year after the kitchen and homeware retailer was acquired by retail giant Mr Price Group for approximately R470m. 12 May 2022
Fuel retailers forced to find new ways of creating value
In the past few months, South Africa has seen fuel prices and levies go up and down, leaving motorists in distress. Even today, the fuel price has decreased; but, what can be said about fuel retail business owners? The fuel industry is at a crossroads and operators are under pressure to move with the times and rethink their age-old strategies in order to create new capabilities and transform the way they run their operations. 10 May 2022
Source: Clicks Group
Source: Clicks Group
Clicks Group plans to invest R876m into its business for the current financial year. Of this capital investment, R565m will be spent on stores and R311m on IT systems and supply chain infrastructure, including solar installations at all Clicks and United Pharmaceutical Distributors (UPD) distribution centres. 29 Apr 2022
Source: Reuters/Siphiwe Sibeko
Source: Reuters/Siphiwe Sibeko
TFG, the owner of retail brands including Foschini, Markham and @home, has had 36 of its stores as well as a cloth warehouse damaged as a result of the severe flooding in KwaZulu-Natal recently. 26 Apr 2022
Sourcce: © Melrose Arch
Sourcce: © Melrose Arch Melrose Arch
Long4Life is in the process of being acquired by Old Mutual Private Equity (OMPE). 22 Apr 2022
Source: © wayne ruston
Source: © wayne ruston 123rf
Britain's economy is losing steam as households face a tightening cost-of-living squeeze, according to data published on Friday which showed sliding retail sales and consumer confidence approaching all-time lows. 22 Apr 2022
Mr Price enters R3.3bn deal to buy controlling stake in Studio 88
Retail giant Mr Price has signed a R3.3bn deal to acquire a controlling stake in the Studio 88 Group, which operates fashion retail brands including Studio 88, SideStep, Skipper Bar and John Craig. 13 Apr 2022
Dis-Chem refreshes Baby City brand
Following Dis-Chem's R430m acquisition of Baby City in 2020, the baby product retailer is now fully integrated into the Dis-Chem Group and is sporting a brand refresh - including a new logo and corporate identity. 11 Apr 2022
FrontierCo launches new retailer Destinations Outdoor and Travel
FrontierCo Group, formerly known as New House of Busby, has launched a new outdoor destination retailer catering to adventure and travel-minded shoppers. 11 Apr 2022
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