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Retail

Steinhoff European IPO could raise $2bn

Feb 23 2012 12:49

Furniture maker and retailer Steinhoff says it could raise at least $2bn when it eventually floats its European unit.

Retail

Massmart ups profit on forex

Feb 22 2012 09:52

Retailer Massmart has reported a 19% rise in first-half profit, helped almost entirely by favourable currency swings as higher costs and discounts weighed.

Retail

Shoprite sees scope for 700 stores in Nigeria

Feb 22 2012 07:00

Shoprite CEO Whitey Basson says Nigeria has the potential to become as big a market for the retail giant as its SA home base.

Retail

Price cuts boost Walmart US in Q4

Feb 21 2012 16:22

Walmart's bid to woo customers by lowering prices helped sales rise in the fourth quarter after six quarterly declines.

Retail

Shoprite boosts first-half profit

Feb 21 2012 10:02

Food retailer Shoprite has reported an 18.6% rise in first-half profit, helped by higher prices, the exchange rate and wage hikes in its main SA market.

 
Retail

Edcon launches new loyalty programme

Feb 20 2012 10:08

Clothing, footwear and textiles retailer Edcon has launched its new customer reward programme Thank U across its leading retail brands.

Retail

US keeps close eye on Walmart appeal

Feb 17 2012 09:34

The US Chamber of Commerce says the outcome of Walmart's bid to buy a controlling share of Massmart could affect whether other US firms do business in Africa.

Retail

Woolworths H1 profit up 35%

Feb 16 2012 11:40

Christmas spending and favourable currency swings have helped Woolworths first-half profit rise 35% compared to a year ago.

Retail

Retail sales boosted by festive season

Feb 15 2012 13:20

SA's retail sales grew more than expected in December, indicating healthy demand from consumers.

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Retail

Heineken looks to cut $657m costs

Feb 15 2012 10:53

Heineken, the world’s third-largest brewer, has launched a €500m cost savings plan and forecasts revenue growth in emerging markets will mitigate higher barley costs.

Retail

Italtile earnings up 22%

Feb 15 2012 08:58

Tiles and sanitary ware company Italtile has reported a 22% rise in diluted headline earnings per share for the six months ended December 2011.

 
Retail

Groupon fails to turn profit

Feb 09 2012 07:28

Daily deals site Groupon has issued its first earnings report as a publicly traded company, saying it failed to turn a profit despite revenue nearly tripling from a year earlier.

Retail

Surprise as Pick n Pay CEO quits

Feb 08 2012 12:04

Pick n Pay says Nick Badminton will step down at the end of the financial year.

Company Snapshot

For detailed Unit Trust information, click here.
Tech Tonic - The real problem with job creation
Feb 21 2012 12:46

Anthony De Rosa sits down with Venture for America founder and CEO, Andrew Yang, to talk about the real issues in job creation.

Sasha

"It sounds much cleverer to be bearish, it makes it sound like you know something about the future that nobody else does. ... The reason why the economy does better, businesses do better, people innovate and companies make more money than the previous year (and their share prices go up) is because ... Read their blog...

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