All South Africa articles – Page 3

  • News

    Woolworths reports sales increase

    2012-02-23T07:00:00Z

    Woolworths’ sales rose 11.1% to R14.2bn (£1.22bn) in its first half to the end of December 2011. Food sales increased by 11.7%while clothing and general merchandise was up 10.1%. Operating profit rose 27.8% to R1.4bn (£120.7m). While strong sales growth was recorded in the second quarter, Woolworths attributed part of ...

  • Mr Price Group, South Africa
    Photo gallery

    Mr Price Group, South Africa

    2012-02-20T07:00:00Z

    Refurbs, revamps, remodellings (call them what you will) are relatively frequent occurrences, but instances of retailers changing several fascias at one go are thin on the ground.

  • News

    Pick n Pay’s chief operating officer to leave

    2012-02-16T07:00:00Z

    Pick n Pay’s chief operating officer Nick Badminton will leave the retailer by the end of this financial year, February 28. He will, however, assist the company during transition. Pick n Pay chairman Gareth Ackerman will become executive chairman, responsible for strategy, and deputy chief executive Richard van Rensburg will ...

  • News

    Pick n Pay reveals details of store rebranding scheme

    2012-02-02T07:00:00Z

    Pick n Pay has revealed details of its store rebranding scheme in Zimbabwe, following the increase of its stake in TM Supermarkets. Seven out of approximately 40 TM stores will be rebranded as Pick n Pay with a total investment of approximately $13m (£8m) earmarked across the business for store ...

  • News

    Turnover improves at Shoprite

    2012-01-26T07:00:00Z

    African grocery retailer Shoprite issued results for the first half of its financial year to December 2011. Turnover improved 13.2% to ZAR41.1bn (£3.3bn) while like-for-likes rose 8%. In its home market, the retailer’s sales increased 12.3% and by 6.8% on a like-for-like basis. Official statistics put food inflation at 9% ...

  • News

    Massmart reports sales increase

    2012-01-20T07:00:00Z

    Retail and wholesale group Massmart has reported that sales rose 15% to R31.6bn (£2.56bn) during the first half to the end of December 2011. Like-for-likes increased 9.2% during the same period. The announcement follows several price promotions during the half, triggered by Walmart’s acquisition of a 51%majority stake in June ...

  • News

    Massmart receives approval from Competition Tribunal

    2012-01-09T07:00:00Z

    Grocery retailer Massmart has received approval from the Competition Tribunal to acquire Fruitspot and Rhino Group via two of its subsidiaries. Massmart, which revealed plans to buy fresh fruit and vegetable wholesaler Fruitspot through its Makro cash-and-carry subsidiary in July 2011, was given conditional approval. The tribunal said: “In the ...

  • Kingfisher
    Analysis

    Which are the most exciting emerging markets?

    2012-01-06T07:00:00Z

    So where will you head off to in 2012? To help plan your international forays this year, Rebecca Thomson considers some of the most exciting emerging international retail markets in the most unlikely of places.

  • News

    Clicks Group announces preliminary financial results

    2011-10-31T07:00:00Z

    Health and beauty retailer Clicks Group has announced its preliminary financial results for the year ended August 31. Group retail turnover increased by 10.9% to ZAR10.8bn (£847.5m). The core Clicks drugstore network reported sales up 13% with operating profit soaring 25.8%. Meanwhile, the Musica music and video store chain announced ...

  • Natalie Berg
    Analysis

    South Africa’s Pick n Pay seeks to follow Tesco’s lead

    October 28 2011

    South Africa’s second-largest grocery retailer Pick n Pay has launched a premium private-label line.

  • News

    Builders Warehouse enters Botswana

    2011-10-24T07:00:00Z

    Builders Warehouse, the DIY chain operated by Walmart-controlled South African retail and wholesale group Massmart, has entered Botswana, marking its first step outside its home market. Llewellyn Walters, chief executive of Massmart’s DIY holding Massbuild, said: “We look forward to bringing customers the best choice at the lowest possible prices, ...

  • News

    Pick n Pay enters Mauritius

    2011-10-10T07:00:00Z

    Pick n Pay has entered Mauritius with the launch of a 43,000 sq ft franchise superstore and plans to add two further outlets in 2012. The move is part of the retailer’s foreign growth strategy across the sub-saharan region. Having withdrawn from Australia this month, Pick n Pay now has ...

  • News

    Woolworths confirms expansion plans

    2011-09-16T07:00:00Z

    South African retailer Woolworths has confirmed it plans to expand its presence in Sub-Saharan Africa by more than doubling its store numbers on the continent. The move comes in response to Walmart ’s African market entry in June. Woolworths spokesman John Fraser said: “We are now getting very serious ...

  • News

    Pick n Pay to invest in Sub-Saharan operations

    2011-09-08T07:00:00Z

    Grocery retailer Pick n Pay has confirmed it will use the Aus$215m (£141m) generated from the sale of Franklins in Australia to invest in its Sub-Saharan operations. The retailer will focus on growth, customer loyalty and improved distribution. The confirmation comes two months after Walmart ’s entry into South Africa, ...

  • News

    Zara makes African debut

    2011-08-16T17:12:00Z

    Spanish clothing chain Zara , owned by Inditex, will make its African debut at the Sandton City shopping mall in Johannesburg on November 10. Zara has chosen to enter South Africa through the corporate store route, paying import duties at cost instead of opening through franchise outlets where it would ...

  • News

    Pick n Pay considers job cuts

    2011-07-13T09:39:00Z

    Grocery retailer Pick n Pay is considering cutting 3,100 jobs, equating to 8.5% of its non-franchise sales floor workforce, due to decreased profitabilty. The retailer announced a drop in operating profit of 14.2% to R1.4 billion (£12.5m) at the end of its last financial year ended 28 February. Pick n ...

  • News

    Massmart to focus on integration with Walmart

    2011-06-29T00:00:00Z

    Massmart has said that it is focused on integration with Walmart now that the deal has been approved, particularly in terms of governance, procurement processes and sharing best practice. Massmart chief executive Grant Pattison said the company is first and foremost putting in place measures to implement the conditions ...

  • News

    Pick n Pay to face competition from Walmart

    2011-06-24T00:00:00Z

    Pick n Pay chairman Gareth Ackerman has said the grocery retailer is ready to face competition from Walmart once it enters South Africa. “We have modified our business to deal with the challenges,” he said. After exiting Australia, Ackerman confirmed that Pick n Pay will now focus expansion exclusively ...

  • News

    Potential expansion for South African retailer Massmart

    2011-06-08T09:51:00Z

    South African retailer Massmart is making “good progress” on identifying locations for potential expansion in Nigeria, according to its chief executive Grant Pattison.

  • News

    Clicks Group turnover up 14.7% to £881m

    2011-04-01T00:00:00Z

    Health and beauty retailer and wholesaler Clicks Group posted a preliminary retail turnover increase of 14.7% year on year to ZAR9.7bn (£881m), and an increase in group turnover of 9% to ZAR13.3bn (£1.2bn) for the first half of its 2010/11 financial year ended February 28. “The results have been driven ...