Image supplied. Fred Razak, Chief Trading Strategist from CMTrading
Walmart's intention to buy out and delist Massmart is a good thing for South Africa and Africa, and it perfectly positions the American retailer for the next five to 10 years. 20 Sep 2022
When engaging in omnichannel retailing, the retailer aims to create "an integrated sales experience that melds the advantages of physical stores with the information-rich experience of online shopping", according to Darrell Rigby's Harvard Business Review article. 19 Sep 2022
Modern department store concept We Are Egg is set to open the doors to its second store, this time located at The Zone @ Rosebank, Johannesburg on 29 September 2022. 14 Sep 2022
Rising food and energy prices due to Russia's invasion of Ukraine are compounding other inflationary pressures. 9 Sep 2022
Food shortages are worsening in Tunisia with empty shelves in supermarkets and bakeries, adding to popular discontent at high prices and risking unrest as the government tries to stave off a crisis in public finances. 9 Sep 2022
Value retailer The Crazy Store aims to have 500 stores operating in southern Africa by the end of 2023, which would signify a major growth milestone for the company that started out as the 'cheap and cheerful' R10 Store when the first outlet opened in Edenvale, Johannesburg in 1995. 8 Sep 2022
South African fashion and lifestyle retailer TFG has reported a 21.6% rise in half-year turnover, as affluent customers snapped up dresses and shoes. Higher-income consumers have largely shrugged off the impact of inflation to spend on discretionary goods including apparel and bags, buoyed by their savings during the lockdowns. 8 Sep 2022
Source: Shoprite Group
South Africa's biggest grocery retailer Shoprite Holdings has reported a 10.3% increase in annual profit as shoppers flocked to discount store chains for everything from groceries to household supplies in the face of higher inflation. 6 Sep 2022
Sportswear and athleisure brand Puma has expanded its brick-and-mortar retail footprint with the addition of five new stores, including full-price and factory outlets stores as well as a Select Pop Up store. 6 Sep 2022
Source: Reuters/Siphiwe Sibeko
Fashion retailer Truworths International has reported a 49.9% rise in annual profit as consumers coming out of Covid-19 lockdowns splashed out on items to rejuvenate their wardrobes and homes. 2 Sep 2022
Source: Reuters/Siphiwe Sibeko
US retail giant Walmart Inc. has signed an agreement to begin buying the 47% stake in South African retailer Massmart that it does not own, the companies said in a joint statement on Thursday, 1 September. 1 Sep 2022
Source: Supplied
There's a new trend on the rise in the toy sector, with 'kidult' toys surging in popularity as young adults look to their childhood toys for comfort and nostalgia during difficult times, according to retailer Toys R Us. 1 Sep 2022
Source: Reuters/Siphiwe Sibeko
Woolworths Holdings plans to open more stores and ramp up its on-demand delivery service, its chief executive said this week, as it steps up a turf war for South Africa's affluent shoppers. 31 Aug 2022
Pepkor has announced that its CEO Leon Lourens has opted to take an early retirement, effective 31 March 2023. He will resign as CEO and from the board on 30 September 2022 and will be available to Pepkor during his notice period until the end of March 2023 in order to facilitate the transition to the new CEO. 29 Aug 2022
Source: Supplied
US retail giant Walmart Inc, which owns a 53% majority stake in Massmart, has proposed to acquire the rest of its shares in the company in a deal valued at R6.4bn, the South African retail group has announced. 29 Aug 2022
Massmart's chief operating officer Jonathan Molapo has been promoted to CEO, succeeding Mitchell Slape who will step down on 31 December 2022, after taking up the role in 2019. 29 Aug 2022
Some Tunisian shops are rationing goods including cooking oil, sugar and butter, while big queues have hit petrol stations amid a fuel shortage as the government navigates a looming crisis in public finances. 29 Aug 2022
Source: Mr Price Group
Value fashion and homeware retailer Mr Price is testing standalone baby stores, in a push to gain a share of the growing and highly competitive baby care products market, starting with a store it launched this week. 26 Aug 2022
Natalie Wills thrives in the world of retail, inspired by the industry's opportunities for human connection and brand impact. 24 Aug 2022
Makro celebrates another spectacular milestone in retail excellence, convenience, and savings. The retailer, which is part of the Massmart Group, has been with the South African shopper for 51 years and plans to celebrate with great birthday giveaways worth R3m. 24 Aug 2022
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