Pepkor Holdings raised R1.2bn in the South African bond market this week, the owner of South African clothing brands Pep and Ackermans said on Friday, 3 March. 3 Mar 2023
Source: Reuters/Siphiwe Sibeko
Woolworths Holdings Ltd reported a 75.1% jump in half-yearly earnings on Wednesday, 1 March but warned of slower growth in the second half as the country's power crisis hits profitability. 1 Mar 2023
From a single fruit and veg store opened in Cape Town, Food Lover's Market Group has thrived over the past 30 years to become the country's largest privately-owned retailer. It now boasts an expanding footprint of modern grocery retail stores and a handful of attractive brands now part of its stable. 27 Feb 2023
Shoprite Group CEO, Pieter Engelbrecht. Source: Shoprite Group
South Africa's three largest grocery retailers joined forces to criticise the government on Thursday, 23 February for not offering a tax rebate on diesel use, as crippling load shedding increases their costs. 24 Feb 2023
Source: Reuters/Siphiwe Sibeko
South African fashion retailer Truworths reported a 10.3% jump in half-year earnings on Thursday, 24 February as cash-strapped shoppers snapped up dresses and shoes on credit amid the high cost of living. 24 Feb 2023
Karen Ferrini brings 25 years of retail and FMCG experience to her new role as vice president at Massmart-owned home improvement, DIY and building materials retailer Builders. As of 1 February, she took the baton from Herman Venter, who shifts into the position of group chief merchandise officer (CMO) for Massmart. 21 Feb 2023
Dis-Chem Pharmacies Ltd said on Friday, 17 February its five-month group revenue is likely to have risen by 4.7%, as healthcare becomes a greater share of overall consumer spend and beauty product sales recovered following the Covid-19 outbreak. 17 Feb 2023
Luxury Italian kitchen brand, Officine Gullo, has this week opened the doors to its first South African showroom, located in Cape Town. Situated on Strand Street in the heart of the city centre, the showroom space has been created as a destination to attract members of the local design community and professionals in the luxury interior industry. 15 Feb 2023
Dunlop Tyres has launched its new Dunlop Westville tyre centre, bringing tyre safety education, expert advice, technology-driven service, local employment and industry expertise to the market. 14 Feb 2023
Rapidly securing its place as the leading online tyre retailer in South Africa during its first year of operation, Blackcircles ZA is now looking to improve its reach and value, with a focus on providing a seamless shopping experience and competitive prices. 13 Feb 2023
Debt-laden Steinhoff International said on Thursday, 9 February it had raised R4.9bn by selling 265 million shares, or 7.2%, of discount retail subsidiary Pepkor Holdings. 9 Feb 2023
Source: Reuters/Siphiwe Sibeko/File Photo
Supermarket group Pick n Pay said on Wednesday, 8 February, that its four-month sales grew by 6.4%, but its like-for-like sales growth in South Africa was softer, impacted by store revamps and unprecedented load shedding in the last quarter of 2022. 8 Feb 2023
A few weeks ago, Zara, the Spanish fashion chain with stores all over the world, announced that it was branching into the second-hand market. With a pilot test in the United Kingdom, through the Zara Pre-Owned platform, it is set to offer the option of reselling a Zara garment, having it repaired or donating used garments from any season to the Red Cross. 6 Feb 2023
Karen Ferrini has been appointed vice president of home improvement, DIY and building materials retailer Builders and member of the Massmart executive committee. Effective 1 February 2023, Ferrini takes over Herman Venter's position following his appointment to group chief merchandise officer (CMO). 3 Feb 2023
Source: Reuters/Siphiwe Sibeko
South Africa's biggest supermarket group Shoprite reported a 16.8% jump in half-year sales on Tuesday, 31 January, supported by a record Black Friday and festive season as both cash-strapped shoppers and upmarket consumers went after deals. 31 Jan 2023
Spar Group has appointed its new nonexecutive chairman Mike Bosman to a senior executive role, temporarily replacing outgoing chief executive officer Brett Botten until a permanent successor is found. 31 Jan 2023
Source: Reuters/Sumaya Hisham
Pepkor Holdings, the owner of South African clothing retailer Pep and Ackermans, reported a 6.5% rise in first-quarter revenue on Monday, 30 January, helped by 132 new stores that it opened in the period and the acquisition of Brazilian retailer Avenida. But its like-for-like sales were hit by load shedding. 30 Jan 2023
Source: Reuters/Mike Hutchings
Fashion retailer Truworths on Thursday, 26 January forecast half-year profit growth of up to 11% on bumper sales over Black Friday in November and Christmas even as power outages at malls hampered shopping. 26 Jan 2023
Pharmacy chain Clicks Group on Tuesday, 24 January reported slower turnover growth for the 20-week period to 15 January, reflecting a sharp fall in Covid-19 vaccinations. Turnover rose by 2.9% versus growth of 10.4% seen a year earlier. 24 Jan 2023
Source: Reuters/Siphiwe Sibeko
TFG's third-quarter sales jumped by 17.3% after Black Friday sales and holiday specials spurred demand for summer clothes and furniture, it said on Monday, 23 January. 24 Jan 2023
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