Pepkor Holdings said on Wednesday half-year earnings were expected to rise by at least 20%, supported by growth at its discount clothing business and a reduction in net debt and finance costs...
Nqobile Dludla 29 Apr 2021
What's central to the burgeoning e-commerce industry is experience, and this rests heavily on visual content, which undeniably includes product photography. New research shows that if your digital experience doesn't hit the market with customers, 54% could head to your competitors...
Craig Bellingham, Issued by Studio[K]irmack 19 Apr 2021
Ackermans is offering its wide range of cellular and tech products, which ranges from high-end to more affordable products, online via its new online shop...
Issued by Ninety9cents 29 Mar 2021
Massmart plans to sell the Cambridge Food, Rhino and Massfresh chains in a bid to "reduce exposure to non-core assets"...
Walmart Inc will add small robot-staffed warehouses to dozens of its stores to help fill orders for pickup and delivery, as Americans shift their spending online...
Melissa Fares 28 Jan 2021
Consumers shied away from cash and gravitated towards digital payment solutions during the national lockdown, according to statistics from Standard Bank's card division...
Walmart is partnering with Zipline to launch a drone delivery operation in the U.S. Initially, the service will make on-demand deliveries of select health and wellness products...
A campaign created to support the women of South Africa hands over R50,000 to five remarkable women to continue their work within communities...
Issued by Ackermans 19 Aug 2020
Pick n Pay Clothing customers can now shop the brand's full range of merchandise on the new PnP Clothing online platform, for delivery to shoppers' doorsteps nationwide...
Game's vice president shares how the retailer has navigated business challenges and opportunities over the last 50 years, and how it aims to remain relevant beyond 2020...
Lauren Hartzenberg 30 Jul 2020
The quarantine and subsequent removing of restrictions have continued to help e-commerce sales in the latter half of the spring...
Boris Dzhingarov, Issued by Monetary Library 19 Jun 2020
Indian e-commerce giant Flipkart has debuted a voice assistant feature to make consumers' online shopping journeys "simpler and more natural"...
The Shoprite Group honoured its most innovative and reliable suppliers at its annual Supplier Awards this past weekend...
MyBroadband is the destination of choice for shoppers who want the best Black Friday deals...
Issued by MyBroadband 5 Nov 2019
The Massmart group has procured R1 billion worth of products from the small, local manufacturers on its Supplier Development Programme...
The 10th annual AskAfrika Kasi Star Brands Survey, which measures brand relevance across all segments of the demographic, has awarded leading value retailer Ackermans the top award in the Clothing Retail: Children's category...
Issued by Ackermans 11 Apr 2019
The Shoprite Group's annual Supplier of the Year Awards recognises the company's top suppliers and the valuable contribution they make to the success of the Shoprite Group...
Tshepo "Young King" Tau, 15, from Boksburg and Busisiwe "Busi" Maphalala, 13, from Pretoria West have been announced as the winners of the 2018 Ackermans Style Squad Young Fashion Designer competition...
Issued by Ackermans 25 Oct 2018
British multinational groceries and general merchandise retailer, Tesco, has launched a new discount chain called Jack's that's pegged to rival German discounters Aldi and Lidl...
Ackermans' Baby Company's 'My First Steps' footwear range was carefully designed for toddlers and preschoolers on the move, allowing children to comfortably and safely explore, walk and play...
Issued by Ackermans 22 Aug 2018
While the demise of physical retail abroad is sure to cast a shadow on the plans of local counterparts, Brett Kaplan believes the long-term outlook for local apparel retail is a good news story...
Lauren Hartzenberg 12 Dec 2017
If you are in the business of clothing, footwear, textiles and fashion accessories, then come and network, explore and see what's available on the international market...
Woolworths' clothing division remains its biggest profit centre, despite flat sales and squeezed margins...
Robert Laing 25 Aug 2017
Prospects for the retail sector remain weak and are unlikely to improve in 2017, as confirmed by Massmart's interim sales update...
Investors are lowering their expectations for Woolworths as the outlook for the local retail sector deteriorates...
Colleen Goko 18 Jul 2017
The ‘Brands of China African Showcase' was launched at Gallagher Convention Centre, alongside the Southern African International Trade Exhibition...
Sales for diversified retailer Massmart Holdings in the first five months of this year were disappointing and no noticeable improvement was expected...
Mark Mobius' take on the sluggish SA economy and the investment potential of the consumer sector...
Mark Mobius 13 Mar 2017
Massmart, majority owned by WalMart, announced its full-year results for the 52 weeks to December 2016, indicating good margin management and astute expense control...
Thanks to retail promotions there's a growing sentiment among value-conscious SA consumers that there's no need to buy full-price merchandise, because it'll be on sale next week...
Diana Springer, Issued by M&C Saatchi Abel 21 Feb 2017
Despite difficult trading conditions in both South Africa and Australia, Woolworths Holdings announced that group sales increased by 6.7% to R37.8bn and profit before tax increased 37.9%, following the sale by David Jones of its Market Street property in Sydney for a profit of $172m (R1762m)...
Woolworths is looking to source more goods from SA and SADC and, despite ‘tough' retail scene, expects to grow market share...
Colleen Goko 17 Feb 2017
There are further signs of trouble in SA's struggling retail sector, with Woolworths releasing a poor trading update that analysts say can only be a bad omen for the rest of the retailers still to release their Christmas figures...
Colleen Goko 13 Jan 2017
Retailer says exclusion of Boxing Day from first-half figures is partly to blame for lacklustre sales growth...
Robert Laing 12 Jan 2017
Steinhoff CEO Markus Jooste shot down speculation that the company could be looking for acquisitions in South America but danced around the question concerning a long-rumoured tie-up with Shoprite...
Colleen Goko 9 Dec 2016
Woolworths' update shows food also affected
Ann Crotty 14 Nov 2016
Summer sales might offer a helpful fillip for clothing retailer Woolworths after a poor winter start to the first 19 weeks of this financial year...
Pericles Anetos 11 Nov 2016
The share price of Wallmart's South African subsidiary Massmart fell 4.4% to R111 on Tuesday morning after it reported overall sales growth excluding new stores failed to keep pace with inflation...
Robert Laing 8 Nov 2016
The annual retail price slashing marathon and shopping bonanza - Black Friday - falls on Friday, 25 November this year. Just like in 2014 and 2015, queues are expected to start gathering before store opening times in almost all retail stores...
Bandile Ndzishe 8 Nov 2016
Why would an Australian who is nearing retirement age come all the way to SA to be CEO of Edcon, a company that could have gone bust?
Adele Shevel 7 Oct 2016
A late winter depressed clothing sales, but retail chain Woolworths still managed to grow after-tax profit 40% to R4.35bn, it reported on Thursday morning...
Robert Laing 26 Aug 2016
Furniture manufacturer and retailer Steinhoff's bold move into the US with a $2.4bn bid for Mattress Firm Holdings announced on Monday took analysts by surprise, because...
Colleen Goko 10 Aug 2016
Despite rising sales, Woolworths's full-year trading update was met with a cold shoulder on Thursday, after it reported a performance that fell below analysts' expectation...
Colleen Goko 15 Jul 2016
After a tough six months in its quest for European expansion, Steinhoff has finally sealed a deal with UK discount retailer Poundland Group, agreeing to a £597m cash offer...
In May 1975, the first hypermarket opened for business in Boksburg, bringing the concept of one-stop shopping to South African consumers. Today, some 41 years later, the Boksburg Hypermarket will reopen those very same doors to reveal a completely revamped store...
Massmart CEO Guy Hayward expects SA's drought-driven food price inflation to accelerate further before it starts to slow towards the end of 2016 and into early 2017...
Nicky Smith 30 May 2016
Massmart plans to open 13 new stores this year, seven of which are already operating, CEO Guy Hayward said at the retailer's annual general meeting...
Pick n Pay has selected the top 50 small businesses in its inaugural Boost your Biz competition, from the more than 540 entrepreneurs from across SA who entered...
Orange has acquired a 75 million euro equity interest in the Africa Internet Group, joining AXA, Goldman Sachs and long-standing investors MTN Group, Millicom and Rocket Internet...
Steinhoff CEO Markus Jooste met questions late on Monday over the group's bid for Home Retail Group (HRG) with polite parry, saying only that the UK company's Argos chain was an attractive business for Steinhoff to add to its portfolio...
Zeenat Moorad 1 Mar 2016