Retail | Fin24

Tough economy put a chill on Mr Price retail sales

Aug 22 2019 13:39

A tough economic climate put pressure on even discount retailer Mr Price's fashion sales, as customer spending remained constrained, the company said in a trading statement for the first four months of its financial year.


The SA liquor market is changing - these are the new favourites, says expert

Aug 21 2019 06:02

The way South Africans are consuming certain liquors is changing from traditional, heritage brands to modern, urban brands, says a fine liquor merchant.


The race for reach is on - Shoprite Group CEO

Aug 21 2019 07:16

The winners will be the retailers that reach the most customers via the most media and the largest number of distribution models, Shoprite Group CEO tells Fin24.


Steinhoff 'clearly plotted' Tekkie Town transfer path - judge

Aug 20 2019 16:57

The transfer path of Tekkie Town and its shares in late 2016 to Steinhoff subsidiary Pepkor was clearly plotted even before the first transfer took place, says a Cape High Court judge.


Shoprite profit takes a knock as strikes, poor economy hit sales

Aug 20 2019 10:05

Shoprite's net profit was down 18.2% for the 2019 financial year as the group faced a 'testing' year with a disappointing performance from its non-RSA operations.


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.


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


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.


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.



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.


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

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