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Walmart joins growing US march on wage hikes

Feb 27 2015 13:45

Walmart, the largest retailer in the United States, is increasing wages, and economists are hoping to see a chain reaction.


Clamp down on illicit cigarette trade - BAT

Feb 26 2015 13:01

SA has a huge illegal cigarette trade and National Treasury should increase its focus on cigarette manufacturers and importers who evade taxes, says BAT.


Massmart full-year sales jump

Feb 26 2015 10:03

Retailer Massmart Holdings has reported a 10.4% rise in full-year sales as its consumer goods, liquor and home improvement business posted better performance.


Morrisons names former Tesco man as new boss

Feb 25 2015 13:00

One of the UK’s top supermarkets, Morrisons, has named former Tesco executive David Potts as its new chief executive, completing a triumvirate of Tesco men at the top.


Price war, low petrol price fuel Shoprite profits

Feb 24 2015 11:25

Shoprite has posted slightly faster first-half profit growth, as debt-laden consumers take advantage of lower fuel prices and a price war between supermarket chains.


Zim bourse lifts Pick n Pay partner's suspension

Feb 23 2015 14:26

The suspension of Meikles Africa from the Zimbabwe Stock Exchange over alleged erroneous financial statements has been lifted, says the bourse’s CEO.


Pick n Pay Zim partner puts new investment on hold

Feb 23 2015 11:57

Hotel group Meikles Africa has put on hold new investment and the listing of a subsidiary after its shares were suspended from trading on the Zimbabwe Stock Exchange.


Edcon core profit inches higher, debt concerns loom

Feb 20 2015 15:36

Edcon, which houses Edgars, Jet, Boardmans and CNA, says consumer spend remains subdued amid a tough credit environment and continuous power outages.


RCL Foods sees no benefit of low oil prices

Feb 19 2015 18:30

RCL Foods says frequent power cuts, a weakening currency and rising labour expenses will negate any benefits of lower oil prices on food-production costs.


Truworths profit barely grows, outlook tough

Feb 19 2015 15:00

Clothing retailer Truworths has reported virtually no growth in half-year profit, as debt-laden consumers already battling high unemployment spent warily.

Inside Fin24.com


Retail trade sales up - StatsSA

Feb 18 2015 21:46

Retail trade sales increased by 3.4% year-on-year in December, Statistics SA says.


Tesco names ex-Excel CEO as chairperson

Feb 18 2015 10:45

Tesco has named its new chairperson, succeeding Richard Broadbent who will step down following the supermarket's £263m profit overstatement.

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