Results for JD Group

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Takealot competitor Everyshop officially launches
Takealot competitor Everyshop officially launchesArticle

The marketplace has been described as a likely Takealot competitor, with an extensive product range spanning electronics and appliances, furniture, fashion, beauty, fitness, DIY...

6 Apr 2021

Getty
Online shopping growth shaping business strategyArticle

Being in my mid-forties and a bit of a techno-phobe, my previous online shopping experience had been limited to the occasional Netflorist purchase. But my eyes have been opened...

Claire Herman 20 Nov 2020

Grobank appoints new CEO
Grobank appoints new CEOArticle

Grobank is pleased to announce the appointment of Bennie van Rooy as CEO with effect from 1 July 2019...

Issued by Grobank 8 Jul 2019

#AfricaMonth: Mobiz, the startup changing how SA corporates talk to customers
#AfricaMonth: Mobiz, the startup changing how SA corporates talk to customersArticle

Mobiz is an innovative South African startup combining the ubiquity of SMS with the visual power of the web...

Evan-Lee Courie 23 May 2019

AI Summit launches at AfricaCom 2018
AI Summit launches at AfricaCom 2018Article

Artificial intelligence is already apparent in most industries and has the potential to reach more and do more...

10 Oct 2018

Markus Jooste. Image credit: Financial Mail
Rise and fall of retail starArticle

The fall of Markus Jooste, the now-disgraced former CEO of Steinhoff, has badly rattled his legion of disciples...

15 Dec 2017

Claims against Steinhoff uncover revolving tangle of dodgy deals
Claims against Steinhoff uncover revolving tangle of dodgy dealsArticle

The Steinhoff International management stands accused of cooking the books to hide losses and inflate earnings. But what exactly might it have done and how?

Hanna Ziady 14 Dec 2017

Image credit: Financial Mail
Steinhoff raises R15.4bn ahead of Star listingArticle

Steinhoff International said on Friday it had raised at least R15.4bn for its African retail assets, which it plans to list separately on the JSE on Wednesday...

18 Sep 2017

Image credit: Sunday Times
TFG to fight back over club chargesArticle

Clothing retailer The Foschini Group (TFG) is the latest of a number of retailers to come under the spotlight of the National Credit Regulator for allegedly charging a club fee...

6 Jul 2017

Markus Jooste. Image credit: Financial Mail
Africa makes winning case for SteinhoffArticle

Steinhoff's African and East European assets outperformed the group's operations elsewhere. The performance of the African assets...

Colleen Goko 12 Jun 2017

Nod for Steinhoff Africa assets spin-off
Nod for Steinhoff Africa assets spin-offArticle

Analysts have praised Steinhoff's decision to list its African assets separately, saying the move allows the businesses to emerge from the shadow of its international operations...

Colleen Goko 19 May 2017

Steinhoff 'terminates negotiations' with Shoprite over merger
Steinhoff 'terminates negotiations' with Shoprite over mergerArticle

The share prices of Shoprite and Steinhoff both jumped 7% on Monday morning after they called off their proposal to merge into Retail Africa...

Robert Laing 20 Feb 2017

Tiger Brands bosses cash in after failure
Tiger Brands bosses cash in after failureArticle

Months after taking a R2.2bn write-down on its disastrous Nigerian acquisition, Tiger Brands' remuneration committee raised the fees of the directors who had overseen the decision to invest in the value- destroying Dangote Flour Mills...

Ann Crotty 6 Jan 2017

WeChat unlocks offline-to-online transactions in SA
WeChat unlocks offline-to-online transactions in SAArticle

JD Group, the home of stores such as Incredible Connection and Russels, has been able to create a virtual store with relatively less overhead costs compared to a traditional retail store, through the launch of offline-to-online (O2O) commerce in South Africa...

20 Dec 2016

Image by 123RF
Steinhoff's African units to merge with Shoprite to become Retail AfricaArticle

Shoprite and the African operations of Steinhoff are to be merged into a new group called Retail Africa...

15 Dec 2016

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Steinhoff's African units to merge with Shoprite to become Retail AfricaArticle

Shoprite and the African operations of Steinhoff are to be merged into a new group called Retail Africa, major shareholders of both retailers Christo Wiese and the Public Investment Corporation (PIC) announced on Wednesday...

Robert Laing 14 Dec 2016

Markus Jooste.
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Could Steinhoff be preparing for a listing?Article

Steinhoff could be ready to list its South African operations separately as a retail entity, says Cratos Wealth portfolio manager Ron Klipin...

Colleen Goko 8 Dec 2016

Johan Enslin.
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Lewis fall gains momentumArticle

The Lewis share price slumped to its lowest level in seven years on Friday after a trading update revealed that the soon-to-be released interim results would show earnings down by as much as a staggering 45% on the financial 2016 interims. The share fell 8% to R38 in morning trade before recovering to close at R40.27, a fall of 3.3% on the day...

Ann Crotty 25 Oct 2016

Photographer: Songi Langeni
W&RSETA Goods Practice Awards acknowledges South Africa's bestArticle

The annual W&RSETA Goods Practice Awards acknowledges winners of the various categories for their good practice in the wholesale and retail sector...

5 Jul 2016

Restraints of trade in sale of business agreements often accepted
Restraints of trade in sale of business agreements often acceptedArticle

As a rule, it is lawful for parties to enter into very limited restraints of trade or non-competition arrangements, when it is necessary to protect the goodwill of a business being sold, provided the restraint clause is reasonably limited...

Albert Aukema and Nazeera Mia 2 Jun 2016

New Lewis stores to fill gaps
New Lewis stores to fill gapsArticle

Consolidation in the furniture sector has placed Lewis in a strong position to roll out 10 to 15 new stores in SA in its next financial year...

Fifi Peters 30 May 2016

Steinhoff faces off with Sainsbury's
Steinhoff faces off with Sainsbury'sArticle

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

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JD Group to cut more than 4,000 jobsArticle

The local furniture retail unit of Steinhoff International plans to cut 4,110 jobs when it closes stores, as part of structural changes to revamp the ailing retailer, the South African Commercial, Catering and Allied Workers Union (Saccawu) said on Monday...

TJ Strydom 22 Feb 2016

Photographer: Freddy Mavunda
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Call centre intends to keep Lewis compliantArticle

In a move to quell growing disapproval of its lending practices, furniture retailer Lewis will launch a call centre to enhance compliance, transparency and oversight of its in-store sales and credit-application process...

Zeenat Moorad 9 Feb 2016

Deloitte releases African Powers of Retailing report
Deloitte releases African Powers of Retailing reportArticle

The top 25 African retailers have a presence in 21 countries on a continent where strong economic progress over the past decade is reflected by the fact that 10 of these leading retailers now come from countries outside the traditionally dominant South African market...

4 Nov 2015

Photographer: Freddy Mavunda
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Lewis to return R67m to customersArticle

Amid mounting pressure to root out bad credit practices, retailer Lewis Group says it will refund R67.1m to pensioners and self-employed customers for "mistakenly" selling them unemployment insurance...

Zeenat Moorad 28 Oct 2015

On the Dot is turning twenty-one this October 2015
On the Dot is turning twenty-one this October 2015Article

As On the Dot celebrates their 21st birthday and enjoying a market share of 74%, we take a look at their history...

Issued by On the Dot 6 Oct 2015

JD Group share spikes after Steinhoff offer
JD Group share spikes after Steinhoff offerArticle

Steinhoff International Holdings has made a firm offer to acquire shares it does not already own in JD Group in a deal that will see the furniture retailer delist from the JSE, the two companies announced in a joint statement...

21 Apr 2015

More Poco stores for Western Cape
More Poco stores for Western CapeArticle

Steinhoff plans to open Poco stores across the Western Cape before a country-wide roll-out of the German mass discount household goods chain...

Nick Hedley 5 Mar 2015

JD Group sees H1 HEPS from continuing operations between 50% and 60% higher
JD Group sees H1 HEPS from continuing operations between 50% and 60% higherArticle

JD Group's (JDG) headline earnings per share (HEPS) from continuing operations for the six months ended December 2014 will be between 67.7c and 72.2c per share from 45.1c in the year-earlier period...

24 Feb 2015

Retailers note a fair festive season's trade
Retailers note a fair festive season's tradeArticle

Christmas trading for SA's retailers proved fair to middling, with more of the same expected as the year goes on...

Zeenat Moorad 20 Jan 2015

Big brands fast to adopt location-based mobile advertising
Big brands fast to adopt location-based mobile advertisingArticle

The trend of American advertisers adopting Location-Based Mobile advertising (LBM) is ringing true in the local market...

Issued by Vicinity Media 10 Oct 2014

Retailers expecting better sales during this festive season
Retailers expecting better sales during this festive seasonArticle

For most of the year retailers targeting the lower-middle income segment have borne the brunt of weak consumer demand‚ as ever-escalating living costs and a debt overhang...

Zeenat Moorad 30 Sep 2014

JD Group FY HEPS at 93.6c vs 397.1c in 2013
JD Group FY HEPS at 93.6c vs 397.1c in 2013Article

Retail company JD Group's (JDG) full-year headline earnings per share (HEPS) were 93.6c in the year ended June 2014 from 397.1c in the year-earlier period‚ the group said on Monday, 8 September 2014.

9 Sep 2014

JD Group to sell finance unit‚ market speculates over buyer
JD Group to sell finance unit‚ market speculates over buyerArticle

JD Group (JDG)‚ a subsidiary of furniture manufacturer and retailer Steinhoff (SHF)‚ earlier this week said that it intended to sell its finance unit to an international consumer finance group‚ adding that the deal‚ which did not include its insurance operations‚ had yet to be finalised.

Colleen Goko 5 Sep 2014

Furniture retail stalked by uncertainty
Furniture retail stalked by uncertaintyArticle

Retailers are facing tough times but the furniture sector is having the toughest time of all. "Furniture is an unmitigated disaster," says Absa Asset Management analyst Chris Gilmour.

Stafford Thomas 9 Jun 2014

Steinhoff ups its stake in JD Group to 82%
Steinhoff ups its stake in JD Group to 82%Article

Steinhoff International (SHF) has to date received notifications of acceptance of the tender offer from a number of JD Group shareholders‚ Steinhoff says.

26 Mar 2014

A selection of business news briefs
A selection of business news briefsArticle

A selection of business briefs from around the industrial and retail sectors that have occurred in the past few days.

26 Mar 2014

Steinhoff's buyout offer for JD Group
Steinhoff's buyout offer for JD GroupArticle

Diversified retailer Steinhoff (SHF) on Tuesday, 18 March 2014, announced plans to increase its stake in its subsidiary JD Group to 98% from 56.8% to help the furniture retailer overcome operational challenges facing its business.

19 Mar 2014

Steinhoff earnings up 41% to 243c
Steinhoff earnings up 41% to 243cArticle

Furniture and household goods group Steinhoff International Holdings reported a 39% rise in fully diluted headline earnings per share to 217.9c for its six months to December. Headline earnings were reported up 41% to 243 cents a share

Nick Hedley 5 Mar 2014

JD Group blames loss on consumers
JD Group blames loss on consumersArticle

The extent of JD Group's financial woes was revealed last week when SA's biggest listed furniture retailer reported a loss for the first six months of the year.

Zeenat Moorad 24 Feb 2014

Five local retailer operations in Deloitte global 'Top 250 retailers' list
Five local retailer operations in Deloitte global 'Top 250 retailers' listArticle

Despite the economic woes, five local retailer operations have made it into the global 'Top 250 retailers' list in the Deloitte 2014 Global Powers of Retailing report, which has just been released.

18 Feb 2014

Unsecured lenders ring alarm bells
Unsecured lenders ring alarm bellsArticle

Alarm bells in the unsecured lending sector rang out once again on Wednesday (12 February)‚ this time triggered by a 10% drop in furniture retailer JD Group's share price‚ which slumped to a low last seen in October 2008.

13 Feb 2014

Lewis slumps to five-month low on poor trading update
Lewis slumps to five-month low on poor trading updateArticle

Shares of furniture and electronic goods retailer Lewis (LEW) tumbled to a five-month intraday low on Friday, 31 January 2014, as investors punished the company for a disappointing trading performance in the December period.

3 Feb 2014

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