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Challenging holiday environment for Truworths

Jan 16 2017 18:32

Truworths has had a challenging environment during the 26-week period ended 25 December 2016, due to the tough economic environment and high product inflation.


Foschini Group holiday trade 'above expectation'

Jan 16 2017 14:51

The Foschini Group has announced that holiday trading has been above expectation and international sales perform in line with management's expectation.


Massmart announces 7.7% sales growth

Jan 16 2017 12:19

Massmart Holdings says total sales for the 52 weeks to December 25 2016 increased to R91.2bn, representing a growth of 7.7% over the prior year 52-week period.


Richemont reports Christmas boost on watch rebound

Jan 12 2017 10:13

Richemont has reported an unexpected gain in Christmas-season revenue, boosted by demand for luxury jewellery and a rebound in watch sales at its own stores.


The sad state of the luxury handbag industry

Jan 11 2017 08:22

Handbag makers are battling waning demand and markdowns at stores, and that has diverted their attention from what could make them successful in the long run: creativity.


The future of retail: Robots to replace people?

Jan 09 2017 19:56

The future of retail will see less physical stores, as well as implications for employment and the environment, research by the World Economic Forum suggests.


McDonald’s sells China stake for $1.7bn

Jan 09 2017 17:33

McDonald’s has agreed to sell a controlling stake in its China and Hong Kong operations to a group of investors for about $1.7bn.


Walmart CEO’s 3 predictions for the future of retail

Jan 09 2017 11:12

It’s up to retailers to adapt to these changes – and in some areas even lead the way – or they’ll fall behind and disappear, explains Walmart CEO Doug McMillon.


McDonald's crosses cardinals to offer 'Big Vac'

Jan 03 2017 18:57

McDonald's is dishing up "hallowed" hamburgers after the Vatican backed it in a fight with cardinals over a new outlet at the foot of the tiny city state in Rome.



Final blow for bicycle cartel

Dec 22 2016 07:54

The Competition Appeals Court has dismissed the appeal of two bicycle wholesalers, saying doing nothing amounted to agreeing to fix prices.


Danone says sales growth to miss target

Dec 19 2016 13:36

Danone says sales growth will be slightly below its target for 2016 as its fresh dairy business shrinks for a third year, hurt by weak demand in Spain.

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