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Retail

Avis Budget Rent-a-Car retrenchment consultations to impact nearly half of employees

Jun 02 2020 12:51

A total of 978 employees of Avis Budget Rent-a-Car, part of Barloworld Group, will be affected by retrenchment consultations, according to an internal memo seen by Fin24.

    Retail

    Mr Price rejects speculation of Edcon purchase

    May 28 2020 14:04

    Mr Price has rejected speculation that it has been looking to acquire retail chain Jet, a unit of struggling fashion giant, Edcon, which recently went into business rescue.

    Retail

    Why Woolworths isn't throwing in the towel on Australia yet

    May 28 2020 10:15

    Recently appointed Woolworths CEO Roy Bagattini says the company is still committed to its Australian brands, David Jones and Country Road, as a lockdown and falling foot traffic levels weaken already sluggish sales in that country.

    Retail

    Truworths braces for heavy blow to earnings from coronavirus

    May 25 2020 19:58

    The coronavirus pandemic is likely to have hit Truworths hard, the retailer has warned, with its full-year earnings facing a possible drop of some 30% and the payment of a dividend unlikely.

    Retail

    Steinhoff appoints new chair, deputy chair

    May 22 2020 16:17

    Moira Moses will succeed Heather Sonn as chair following the latter's recent resignation, while Alexandra Watson will step up as deputy chair.

    Retail

    Mr Price Group eyes capital raise for 'growth opportunities'

    May 20 2020 20:51

    Retailer Mr Price Group has announced a proposed capital raise of up to 10% of the company's ordinary issued shares as the country's lockdown takes a bite out of revenue.

    Retail

    Owner of Game and Makro seeks rental assistance from landlords as sales fall

    May 18 2020 15:34

    Wal-Mart owned Massmart faces the crunch of Covid-19 and joins other retailers in seeking rental assistance from landlords. The move brings to bear further pressure on the property sector that entered the lockdown period in a vulnerable position.

    Retail

    Steinhoff Chairperson Heather Sonn resigns

    May 18 2020 08:19

    Sonn says a company in which she is a shareholder had "unwittingly" completed a transaction with Geros Financial Services that "now appears may have been associated with and (indirectly) funded by the company".

    Retail

    First signs of recovery for The Foschini Group after initial lockdown knock

    May 15 2020 21:35

    The Foschini Group says its operations are starting to recover from the devastating impact of lockdowns in all the regions in which it operates, which saw revenues in its London and Australian operations tank 95% and 57% respectively from mid-March.

    Inside Fin24.com

     
    Retail

    Shoprite warns against 'fake news' WhatsApp message on supply shortages

    May 12 2020 22:23

    Shoprite Group has warned against a WhatsApp message being circulated which claims to be from the Checkers' head office that indicates there will be a shortage of certain food products.

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