In January this year, fresh produce retailer Food Lover's Market broke ground on its R100m investment in Bothasig, Cape Town, marking the start of construction at the new 3,000m2 standalone store that's pegged to uplift a critical link road site. 23 Aug 2022
Image supplied. Belinda Clur, managing director of Clur International, says we are living through a renaissance
Despite the harsh economic and social climate, the longer-term trend in trading densities (sales per square metre) in more than 100 shopping centres in South Africa and Namibia shows a clear improvement since the 2020/21 Covid-induced downturn in performance. 19 Aug 2022
US-based Authentic Brands Group, the owner of brands including Reebok and Forever 21, has acquired British fashion chain Ted Baker in a deal valued at £211m ($254.26m). 16 Aug 2022
Pick n Pay has introduced a new supermarket brand, dubbed Pick n Pay QualiSave, to the South African market. The brand has launched with the tagline 'Where lower prices look better' and Pick n Pay revealed that around 40% of company-owned supermarkets will be converted into Pick n Pay QualiSave stores. 15 Aug 2022
Source: Reuters/Siphiwe Sibeko
Massmart shares fell 6.34% after the South African retailer flagged a wider loss of up to R921.5m in the first half as surging prices for food and fuel prompted customers to cut back on discretionary purchases. 2 Aug 2022
Source: Reuters/Siphiwe Sibeko
Fashion and lifestyle retailer TFG reported a 16.3% rise in first-quarter turnover on Thursday, 28 July, as consumers coming out of the Covid-19 lockdowns splashed out on items to rejuvenate their wardrobes and homes. 29 Jul 2022
After a few years of slumping sales, Massmart-owned retailer Game has faith that the results of its comprehensive turnaround plan will heighten the brand's appeal among shoppers and deliver a healthier balanced sheet for the group. 29 Jul 2022
Source: Reuters/Siphiwe Sibeko
Supermarket retailer Pick n Pay pledged to continue to bear down on prices to help cash-strapped shoppers, as it reported a 10.7% sales rise in the 18 weeks to 3 July. 26 Jul 2022
Source: Reuters/Siphiwe Sibeko
South Africa's biggest grocer Shoprite Holdings has reported a 9.6% increase in annual sales as cash-strapped shoppers looked for value at its discount stores. 26 Jul 2022
Source: Reuters/Siphiwe Sibeko
Fashion and grocery retailer Woolworths Holdings said on Tuesday, 26 July, that annual turnover rose by 1.4%, helped by an improved second half of the year as lockdown restrictions eased, especially in Australia and New Zealand. 26 Jul 2022
Swedish retail giant H&M Group has initiated a process of winding down operations in Russia, after pausing all sales in the country in March following Russia's invasion of Ukraine. 19 Jul 2022
Nike has launched its latest retail concept, dubbed Nike Style, in Seoul, Korea, designed to be part store and part creative studio. 19 Jul 2022
As load shedding drags on, Makro has recorded exceptionally strong sales growth over the past months on alternative power solutions such as generators, inverters, gas cooking tops, cylinders, rechargeable globes and lanterns. 12 Jul 2022
Source: Supplied
As a key part of its turnaround strategy to retain relevance in the African retail landscape, Massmart retailer Game has refreshed all of its 115 stores across the country to provide consumers with a more appealing and intuitive store experience. 8 Jul 2022
Philip Morris South Africa (PMSA) has opened the doors to its new flagship boutique Iqos store in Canal Walk, Cape Town, five years after the smoke-free brand was introduced to the local market. 6 Jul 2022
Source: Supplied
Massmart retailer Game has completed the revamp of all its 115 across the country. The store refresh is part of Game's turnaround strategy and aims to provide consumers with a more appealing and intuitive store experience. 4 Jul 2022
Retail group Massmart has acquired the Eiger brand of appliances in a move to expand its private brand portfolio. 29 Jun 2022
France's Amethis investment fund has announced that it will sell its stake in Kenyan general retailer Naivas to Mauritius-based IBL Group. 27 Jun 2022
Members of Swiss cooperative supermarket chain Migros have voted by a clear majority to uphold the ban on alcohol sales its health-conscious founder adopted when he set up the business in the 1920s. 20 Jun 2022
TFG CEO Anthony Thunström. Source: Supplied
Fashion and lifestyle retailer TFG (The Foschini Group) has announced a ramp up of Capex spending in the coming financial year after posting record turnover of R43.4bn (up 31.6%), gross profit of R21.0bn (up 40.3%) and headline earnings of R3.3bn (up 442%) for its financial year to 31 March 2022, as the group steps up its pursuit of growth opportunities to a new scale. 10 Jun 2022
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