All South Africa articles – Page 4

  • News

    Massmart H1 like-for-likes jump 7.3%

    2011-03-04T00:00:00Z

    Retail and wholesale group Massmart - in which a 51% majority stake is expected to be acquired by Walmart by April this year - has announced a 13.3% sales increase for the first half of its current financial year. Sales rose to R27.37bn (£2.4bn) in the period to December ...

  • News

    Woolworths H1 sales up 9.8%

    2011-02-24T14:08:00Z

    Upmarket food and clothing retailer Woolworths reported group sales grew by 9.8% year-on-year in the first half ended December 26, 2010, along with positive margin development after more effective cost control. Pre-tax profit increased by 22.1% during the period. Food sales grew by 11.8%, while clothing sales were up ...

  • News

    Woolworths sales increase 9.8%

    2011-01-25T00:00:00Z

    Food and clothing retailer Woolworths has announced that preliminary group sales increased 9.8% year on year for the 26 weeks to December 26. This compares with sector growth of 5.9% during the same period. Clothing sales grew by 11.5%, 2.3 percentage points higher than the average in comparable stores (9.2%). ...

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    Analysis

    NRF: Polar opposites

    January 21 2011

    The big topic at this year’s NRF convention was the polarisation of global retail. Joanna Perry reviews the key themes, while on page 24, Rebecca Thomson examines the top technological innovations on show

  • News

    Massmart H2 sales increase 13.3% to £2.5bn

    2011-01-21T00:00:00Z

    Massmart - the company in which Walmart intends to take a 51% stake before the end of March this year - has announced its preliminary financial results for the six months to the end of December, 2010. Sales increased 13.3% to R27.5bn (£2.5bn). Like-for-like sales jumped 7.3%. The Mass discounters ...

  • News

    Massmart launches website for extended food offer

    2010-12-10T00:00:00Z

    In the run-up to its expected acquisition by Walmart , South African retailer Massmart has launched a dedicated website for the extended food offer that has recently been piloted at a Game variety store in Cape Town. The site - at Foodco.co.za - describes Foodco as “a supermarket inside ...

  • News

    Walmart set to acquire 51% of Massmart

    2010-12-01T11:59:00Z

    Walmart has made a cash offer of R16.5bn (£1.48bn) to buy a controlling 51% of South Africa’s Massmart Holdings, its first foray into the growing retail market in sub-Saharan Africa. Massmart will remain listed in Johannesburg if the deal is completed, it said. “The more we learn about South ...

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    Analysis

    A world of international retail opportunities

    October 29 2010

    Emerging markets globally have retail potential, but could any be the new China? By Tim Danaher

  • News

    Pick n Pay H1 pre-tax profit falls by 25.5% to £61m

    2010-10-28T12:44:00Z

    The country’s second-largest grocer Pick n Pay reported that its pre-tax profit fell by 25.5% to R682.1m (£61m) in the first half to 31 August, despite sales growth of 6% to R25.2bn (£2.26bn). Chief executive Nick Badminton described the past 12 months as the most challenging the company had faced ...

  • News

    South Africa’s Woolworths brings franchises in-house

    2010-09-08T09:19:00Z

    Department and food store operator Woolworths has announced its intention to bring all franchise operations in-house in its home market. Woolworths chief executive Simon Susman said: “We have come to the conclusion that it is no longer in the best interests of Woolworths for us to operate a local franchise ...

  • News

    Massmart like-for-likes up 2.6%

    2010-09-02T18:23:00Z

    Retailer Massmart has published its full-year results to June 27. Group net sales amounted to R47.5bn (£4.2bn), representing growth of 10% year-on-year. Like-for-like sales increased by 2.6%.

  • News

    Shoprite full-year profits up 18.7%

    2010-09-02T18:22:00Z

    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).