Mr Price Group said in its latest trading update that South Africa's GDP recovery prospects have been severely impacted by excessive load shedding, placing strain on both businesses and households, and negatively impacting confidence levels. 23 Jan 2023
Value fashion retailer Mr Price reported on Friday, 20 January a 34% surge in third-quarter sales, boosted mostly by its recent acquisition of branded footwear and clothing company Studio 88 Group. 20 Jan 2023
Spar Group said on Thursday, 19 January that it agreed with its auditors that a reportable irregularity concerning an alleged fictitious and fraudulent loan had occurred at the grocery retailer. 19 Jan 2023
Source: Reuters/Siphiwe Sibeko
Food and fashion retailer Woolworths Holdings Ltd raised its profit growth forecast on Thursday, 18 January saying it now expected half-year earnings to jump as much as 80% on strong Black Friday sales and festive demand. 19 Jan 2023
Source: Reuters
Debt-laden Steinhoff International jumped more than 8% after raising €315.2m ($342m) on Wednesday, 18 January from selling 38 million shares or 6.6% of retail group Pepco via an accelerated book build. 18 Jan 2023
Spar Group has announced that its chief executive officer Brett Botten will retire from the company and the board at the end of January this year. 18 Jan 2023
Sandton City's Zara store will be closed for the first three months of 2023 as the store gets an overhaul to align it with the brand's global vision. 3 Jan 2023
Source: Shoprite Holdings Shoprite Holdings Shoprite CEO Pieter Engelbrecht
Shoprite CEO Pieter Engelbrecht has sold R20m in company's shares the week before Christmas. 30 Dec 2022
In a deal that will allow TFG to further build out the Sneaker Factory footprint, the retailer has reached an agreement to buy Street Fever, an independent retailer of affordable branded footwear and apparel. 21 Dec 2022
Woolworths Holdings Limited's (WHL) chief executive officer Roy Bagattini expects the sale of Australian department store chain David Jones to be "transformational" for Woolworths' balance sheet. 20 Dec 2022
Source: Sardaka, CC BY-SA 4.0 , via Wikimedia Commons
Woolworths Holdings Limited (WHL) has entered into an agreement to sell its entire shareholding in its Australian subsidiary, department store chain David Jones, to Anchorage Capital Partners, an Australian private equity fund. 19 Dec 2022
Source: Supplied
Steinhoff International Holdings NV said on Thursday, 16 December it had reached an agreement with some of its largest creditors to extend the maturity of its debt. 15 Dec 2022
Local creative brands Janet Ceramics, Rainbow Artz, Diana Seboke Zitha and Wilderblommetjies have been selected by the Craft and Design Institute (CDI) and V&A Waterfront to retail in the Design Lab store at the V&A Watershed. 14 Dec 2022
Source: Massmart (File photo)
The Competition Tribunal has conditionally approved the Shoprite Group's acquisition of certain Massmart-owned supermarkets, wholesalers and liquor stores, as well as the Massfresh business from the retail group that's now wholly-owned by Walmart. 12 Dec 2022
While the pandemic years have accelerated online shopping and the current tough economic conditions have locked down consumer wallets, South African malls continue to thrive. Covering hundreds of thousands of square metres and costing billions of Rands, an extraordinary number of new shopping centres have popped up all over the country in 2022, more are planned for the upcoming year. And there is increasing evidence, from independent surveys and owners, that for many of the larger malls in the country, footfall is back to where it was before the Covid lockdown. 12 Dec 2022
South African retail cooperative Always Welcome, a multi-brand destination for furniture, decor and homeware production from premier African designers, has opened its first showroom in Cape Town. 12 Dec 2022
Source: Reuters/Siphiwe Sibeko
Spar Group is seeking legal opinion on media allegations it took part in "fictitious" and "fraudulent" loans, the grocery retailer and wholesaler said on Friday, 9 December, while also announcing its chairman would step aside. 12 Dec 2022
The Consumer Goods and Services Ombud (CGSO) has issued a consumer alert urging customers to exercise caution when purchasing from local online retailer Reliable Store, following numerous complaints about a lack of service delivery. 9 Dec 2022
Makro Riversands in Johannesburg has opened the doors to its Johnnie Walker Reserve Room in partnership with premium spirits company Diageo. 9 Dec 2022
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