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Retail

WATCH: Nike steps into the subscription service business

Aug 15 2019 12:38

Parents can subscribe for kids ages 2 to 10 and receive Nike shoes delivered to their door. The boxed service boasts over 100 different styles of kicks ranging from performance to street wear options.

Retail

Choppies to exit SA market, chair to step down

Aug 14 2019 17:28

Botswana-based grocery retailer, Choppies, has announced that it will be exiting the South African market, four years after expanding into the country

Retail

Tribunal gives green light to British American Tobacco, Twisp merger

Aug 13 2019 15:40

The Competition Tribunal has conditionally approved the acquisition of South African e-cigarette seller, Twisp, by international cigarette giant, British American Tobacco.

Retail

Steinhoff weighs further disposals to focus on most profitable businesses

Aug 13 2019 13:49

The Stellenbosch-headquartered retailer has given its first public investor presentation since its share price plunged in late December 2017 at the start of an accounting scandal.

Retail

Steinhoff to update investors on status of turnaround plan

Aug 13 2019 06:00

The Stellenbosch-headquartered retailer is set to update investors on the status of its turnaround plan, after a dramatic plunge in its share price shrank its market capitalisation by over R200bn.

Retail

Coach, Givenchy feel China backlash over their t-shirt designs

Aug 12 2019 20:04

Western fashion brands are coming under fire in China for designs perceived to run afoul of local political sensitivities, sparking calls for boycotts in a market that accounts for a third of global luxury demand

Retail

Coach follows Versace in facing China backlash over T-shirts

Aug 12 2019 07:43

Less than 24 hours after Versace apologised for T-shirts that defied China's 'One China policy,' American fashion label Coach is now facing backlash from Chinese consumers for a strikingly similar faux pas.

Retail

Drinks giant Diageo announces new family leave policy in the spirit of Women's Month

Aug 08 2019 06:00

Diageo South Africa, a subsidiary of London-listed Diageo PLC, has announced a new family leave policy that includes 26 weeks of maternity leave and four weeks of paternity leave at full pay.

Retail

Five things to know about the court case against former Steinhoff CEO Markus Jooste

Aug 07 2019 21:14

The former CEO of the scandal-plagued global retailer is being sued for allegedly enticing a trust to swap its shares in the PSG Group for Steinhoff shares in June 2015.

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Retail

Steinhoff considers IPO of Pepkor Europe

Aug 07 2019 05:30

Steinhoff is considering an initial public offering of Pepkor Europe, its fastest-growing unit, as the scandal-hit retailer seeks funds for the next phase of its recovery plan.

Retail

'My dear friend, I apologise': Texts reportedly from Markus Jooste revealed in court docs

Aug 06 2019 19:24

An SMS which Markus Jooste, former chief executive of Steinhoff, allegedly sent to a friend, was revealed in a trial relating to legal action against him and Steinhoff.

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