All South Africa articles – Page 2
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AnalysisExpanding into Africa: What do retailers need to know?
As more retailers dip their toes into Africa, Retail Week takes a look at the opportunities and challenges retailers face in the continent.
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NewsWaitrose strikes export deal to sell its products in South Africa
Waitrose products are to be sold in South Africa after the grocer struck an export deal with local retailer Fruit & Veg City.
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NewsBHS attracts the attention of billionaire Christo Wiese
South African billionaire Christo Wiese is considering a bid for BHS as he looks to enter the UK with the help of former Asda boss Andy Bond.
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News
Clicks Group reports turnover increase
Clicks Group’s turnover increased 11% to ZAR8.5bn (£614.4m) in the first half of its financial year ended February 28.Clicks’ drugstore turnover rose 7% to ZAR5.6bn (£404.8m), while the number of stores reached 430.Operating profit at the group’s music and video chain, Musica, increased 27.3% despite the closure of eight outlets.However, ...
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News
ShopRite posts first half sales growth
ShopRite has posted sales growth of 13.8% to R46.7bn (£3.5bn) for the first half ended December 31, 2012.The Sub-Saharan grocery market leader also revealed an increase of 16% in trading profit to R2.5bn (£187.4m). Net profit rose 19.6% to R1.7bn (£127.4m).In South Africa, the retailer increased turnover by 11.5% to ...
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News
Woolworths reports group sales increase
Food and clothing retailer Woolworths said group sales increased 18% to R16.7bn (£1.21bn) in its first half to December 23, 2012.The retailer also said that operating profit was up 20.6% to R1.7bn (£123.6m). Profit before tax increased 21% to R1.8bn (£130.9m).
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News
Sales increase at Walmart-controlled Massmart
Walmart-controlled Massmart’s preliminary sales increased 14.6% to R36.1bn (£2.57bn) in the first half to December 23, 2012. Like-for-like sales increased 7.3%.
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News
Spar unveils group turnover increase
Grocery retailer Spar has unveiled a 12.2% increase in group turnover to ZAR43.2bn (£3.1bn) and a 7.5% rise in trading profit to ZAR1.5bn (£107m), for its financial year ended September 30.Sales growth was helped by internal inflation of 6.1%.
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News
Massmart must invest in supplier development fund
Walmart-controlled Massmart must invest up to R200m (£14.4m) in a supplier development fund over the next five years, South Africa’s Competition Appeal Court has ruled.The sum does not include the R40m (£2.9m) which Massmart has previously committed but not yet disbursed to its supply development fund.
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NewsFormer Tesco boss Brasher set to join South Africa's Pick n Pay
Former Tesco chief executive Richard Brasher is understood to have joined South African retailer Pick n Pay.
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News
Massmart plans Makro warehouse revamp
Walmart-controlled Massmart plans to revamp 10 of its 17 Makro warehouse clubs to boost their appeal to private customers as well as cut energy costs.Although the new generation of stores will still resemble wholesale outlets, shoppers will be able to buy single items alongside bulk packs.To reduce energy costs, skylights ...
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News
Woolworths reports group turnover growth
Food and clothing retailer Woolworths reported group turnover growth of 11.8% to ZAR28.6bn (£2.15bn) for its financial year ended June 24. Operating profit was up 26.6% to ZAR2.7bn (£203.2m), and profit after tax increased by 25% to ZAR2.1bn (£158m).At Woolworths’ African food and clothing operations, total sales increased by 11.6% ...
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News
Massmart reports group sales growth
Walmart-controlled Massmart reported 15.6% growth in group sales to ZAR61.2bn (£4.61bn) for the year ended June 24.Operating profit increased 21% to ZAR2.1bn (£158m), or 3.7% when costs related to the Walmart transaction were taken into consideration. Sales in foreign markets represented 7.8% of total sales.Sales at Massdiscounters, comprising Game and ...
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AnalysisThe South African retail market: What do retailers need to know?
Sir Philip Green’s decision to take Topshop and Topman into South Africa reflects growing interest in this market.
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News
Food and clothing retailer Woolworths reports group sales growth
Food and clothing retailer Woolworths reported group sales growth of 11.8% and 7.1% like-for-like for its financial year ended June 24.At the County Road clothing division in Australia and New Zealand, turnover fell 6.6% despite net retail space in Australia rising by 1.3%.Across the international group, excluding franchised stores, the ...
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AnalysisOverseas growth: Why the VISTA countries are worth considering
Retailers eyeing overseas growth often look at the BRIC markets, but VISTA countries – Vietnam, Indonesia, South Africa, Thailand and Argentina – are worth considering.
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News
Massmart appoints Guy Hayward as chief operating officer
Walmart-controlled Massmart has appointed Guy Hayward, chief financial officer since 2001, as chief operating officer. He reports to chief executive Grant Pattison. Group finance executive Ilan Zwarenstein succeeds Hayward as chief financial officer. Zwarenstein has also been appointed to the board and the Massmart executive committee.The retailer said Pattison would ...
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News
Clicks Group reports group turnover increase
Health and beauty retailer and wholesaler Clicks Group reported an increase in group turnover of 6.8% to ZAR7.7bn (£612m) for the first half of its financial year ended February 29. Clicks, the group’s drugstore chain, increased turnover by 9.6% and store numbers by 7.9% to 412. It also expanded its ...
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News
Pick n Pay posts sales increase
Pick n Pay increased sales by 8.1% to R55.3bn (£4.76bn) for the year to February 29, while profit fell 10.6% to R1.3bn (£112m). The retailer said that was the result of investment in transformation initiatives. They include the launch of its smart shopper loyalty programme, the sale of Franklins in ...
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News
Walmart to focus on expanding existing operations
Walmart is to concentrate on expanding its operations in existing markets rather than entering new locations this year. However, the retailer is still looking at possibilities to enter new countries and acquire technology and other capabilities.Walmart highlighted it has no plans at present to enter Russia but said it would ...
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