By Planet Retail2010-09-02T18:22:00+01:00
Shoprite has revealed its full-year results to June, saying that group-wide sales increased 13.6% to R67.4bn (£5.9bn).
Trading profit was also up 18.7% to R3.5bn (£308.2m).
Retail Week looks at how the entrepreneur and philanthropist built a transatlantic empire and changed the face of the industry.
Pureplay wine specialist Naked Wines has hailed its performance over the last financial year, reporting it has exceeded sales guidance driven in particular by its US market.
Chinese ecommerce giant Alibaba has been hit with an Y18.3bn (£2bn) fine after an investigation ruled that it had abused its market position.
With both Tesco and Superdry pulling out of international ventures on the same day, Retail Week asks whether UK retail is scaling back its global ambitions.
The coronavirus crisis will wipe $2.1trn (£1.7trn) off of global retail sales in 2020, new data has predicted.
The coronavirus outbreak has sparked fears and headlines worldwide since emerging in the Chinese city of Wuhan at the start of the year.
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