Get ready for Starbucks drive-throughs in South Africa

Starbucks SA brand owner, Taste Holdings, is basking in the warm response the coffee chain has had since its local launch in April – and has detailed its plans for the franchise moving forward. Taste reported its results for the full year ending 29 February 2016. Core revenue was up 41% to R1.01 billion, however... Continue Reading →

Customers flock to opening of mammoth Mall of Africa

SOUTH Africans’ desire for new shopping centres has been insatiable, and another mall has entered the fray. After months of anticipation, the R4.9bn Mall of Africa, located next to the N1 highway in Midrand, opened on Thursday. The 131,038m² shopping centre is the largest first-phase completion of a mall in SA to date. It is... Continue Reading →

Gauteng’s Mall of Africa to open on 28 April

Commenting on the Mall of Africa development, Louis van der Watt, CEO of the developer, Atterbury, said: “In line with the Atterbury vision to create working, shopping and entertainment spaces for everyone to live to their full potential, the development of this breathtaking shopping and leisure destination introduces an unmissable, unmatched retail experience. Mall of... Continue Reading →

Kids Emporium set to open UK store

Cape Town - South African retailer, Kids Emporium is set to open in the UK.  The opening of the new store will be complemented by the launch of the Kids Emporium UK online store. South African owner and founder of the Kids Emporium franchise stores in South Africa, Lauren de Swardt, opened her first flagship... Continue Reading →

Edcon to cut some of its 3,000 head-office jobs

LONG ROAD: At a results presentation on Wednesday, recently appointed Edcon CE Bernie Brookes outlines changes the heavily geared apparel retailer is making to bring customers back and streamline operations. Picture: MARTIN RHODES LONG ROAD: At a results presentation on Wednesday, recently appointed Edcon CE Bernie Brookes outlines changes the heavily geared apparel retailer is... Continue Reading →

Mr Price …. Is the price right 

AS A stock analyst with nearly two decades’ experience, Sasfin Bank’s Alec Abraham has seen a number of high-flying companies crash back to earth. In recent months, he became concerned about what he saw as an alarming shift in focus from the one-time darling of the clothing retail sector, Mr Price. “For years, Mr Price’s... Continue Reading →

Foschini Group wears the season well

Shares in SA's biggest retailers have tracked downwards in the past few months on expectations that weak economic growth and a rising interest rate cycle would curb consumer spending. The group's last price peak was R201.78 in April. The group owns brands including Foschini, Markham, Totalsports, @Home and American Swiss. Last January, it bought an... Continue Reading →

H&M opens SA store

Johannesburg - Swedish fashion retailer Hennes & Mauritz (H&M), Europe’s second-biggest clothing retailer, is hoping to give South African shoppers that good old quintessential shopping experience that puts everything around the customer. After launching its first local shop at the V&A Waterfront in Cape Town on Friday, H&M now has its sights set on opening... Continue Reading →

How many Starbucks stores will open in SA

Taste Holdings has revealed its long-term costs and strategy with launching Starbucks in South Africa – including when the first store will open, and how many of them there will be.  Taste announced in July 2015 that it had secured the rights to open full-format Starbucks stores in South Africa. It is the brand’s debut... Continue Reading →

South Africa’s most reputable companies in 2015

Retail giant Woolworths has emerged as the company with the best reputation among South Africa’s largest companies in 2015. According to the 2015 RepTrak Pulse reputation survey conducted by Reputation House, a representative of the internationally based Reputation Institute, Woolworths’ scored 71.2 points out of a possible 100. The retailer retained its position from 2014,... Continue Reading →

Mr Price declines on ‘poor fashion calls’

Johannesburg - Mr Price Group shares fell the most in almost three years after the clothing and household-goods retailer said low levels of consumer confidence, “some poor fashion calls”, and a relatively late winter curbed sales.  The stock dropped as much as 10%, the biggest intraday decline since September 2012, and traded 8.7% lower at... Continue Reading →

TFG launches tween-focused clothing brand

The Foschini Group has launched the first entirely tween-focused brand in South Africa, Soda Bloc. The new fashion brand aims to kit out fashionistas aged 9 to 16 in clothing, accessories and footwear to suit their lifestyles... TFG launches tween-focused clothing brand"Soda Bloc inspires tweens to be youths: be fun, be different, be informed, be... Continue Reading →

Pick n Pay plans new stores and jobs

PICK n Pay plans to employ 5,000 people a year as it opens new stores in Africa’s most advanced economy, the retailer said on Monday. Pick n Pay, which opened about 100 grocery stores last year despite subdued retail sales and gross domestic product growth of 2%, is aiming for "a bit more this year",... Continue Reading →

Health-and-beauty chain Clicks South Africa clicks on digital signage for in-store marketing

South African health-and-beauty retail chain Clicks has announced a partnership with South African digital signage solutions company Moving Tactics that entails installing digital signage within the chain's top 25 stores nationally, as well as marketing the media platform to Clicks' private-label suppliers and other brand suppliers.     Moving Tactics has installed more than 500... Continue Reading →

H&M to open at Sandton City

Swedish clothing brand H&M will be the next international label to open at Sandton City. Hennes & Mauritz (H&M) is known for its fast fashion for men, women, teenagers and children... Founded in 1947 in Västerås, Sweden, H&M is now the second-largest global clothing retailer (behind Spanish company Inditex, parent company of Zara), with more... Continue Reading →

H&M are coming to South Africa!

You can finally buy H&M clothes without a plane ticket or a friend bringing them back from London. Despite living at the tip of Africa, we are still able to look internationally fabulous, not just thanks to our wonderful local designers, but also since big brands are being imported and available for our shopping pleasure.... Continue Reading →

Mr Price: Group’s dividend beats estimates

RETAILER NEWS IOL Business - May 25th, 09:23    Mr Price Group extended gains after the clothing, furniture and linen retailer declared a dividend that beat estimates and said profit had climbed 21 percent.   The retailer had increased the dividend by 20 percent to R5.80 a share, the Durban-based company said in a statement... Continue Reading →

Mothercare planning to close South Africa stores

Mothercare halves losses as chief executive Newton-Jones's turnaround plan takes effect Mothercare Mothercare said it halved its losses for the full year as a result of new chief executive Mark Newton-Jones's turnaround plan. The pregnancy and children's product retailer reported a loss of £13.1m ($20.54m, €18.44m), less than half of last year's £26.3m. Newton-Jones joined... Continue Reading →

Mr Price eyes earnings rise

MR PRICE Group is likely to buck the retail sector gloom when the group’s full-year results are released on Friday. The firm is expecting headline earnings per share of between 902.8c and 933.4c from 765.1c last year. Rising living costs and household indebtedness are weighing on spending with constrained consumers increasingly searching for value. Mr... Continue Reading →

The Cotton On Group looks set to expand to Namibia 19 May 2015 08:47Marketing News                   Australian retailer The Cotton On Group, continues to be one of the fastest growing fashion retailers globally, expanding its African footprint by opening its first store in Namibia on Friday, 29... Continue Reading →

More luxury brands enter South Africa

”Diamond Walk”, the new development within the Sandton City complex in Johannesburg has attracted new luxury store openings by major international brands. Prada, Dolce&Gabbana, Burberry, Giorgio Armani and Louis Vuitton have already opened their stores on the Diamond Walk at Sandton. Future store openings include: Ermenegildo Zegna, Billionaire Italian Couture, Jimmy Choo and Tod’s. Sandton City’s Diamond... Continue Reading →

Krispy Kreme Opening 31 Shops in South Africa 

Krispy Kreme to Expand its Presence to Africa By Opening 31 Shops in South Africa Over the Next Five Years WINSTON-SALEM, N.C.--(BUSINESS WIRE)-- Krispy Kreme (KKD) today announced it has signed a development agreement with KK Doughnuts SA (Pty) Ltd., to open 31 Krispy Kreme shops in South Africa over the next five years. This... Continue Reading →

Prada Opens Store In Johannesburg

The Prada fashion house has opened its first store in South Africa. The brand now occupies an 8,611-square-foot retail space in the new luxury wing of the Sandton City mall in Johannesburg, which is called the Diamond Walk. "The new opening in Johannesburg, one of the most interesting cities in Africa from a cultural and commercial point... Continue Reading →

SA online shopping only 1% of retail sales

Online shopping in South Africa was birthed in 1996, but e-commerce is only forecast to reach 1% of total local retail sales in 2016. This is according to the managing director of research company World Wide Worx, Arthur Goldstuck, who was speaking at an event hosted by digital marketing initiative Heavy Chef in Johannesburg on... Continue Reading →

Pep&Co to create 500 new jobs

Pep&Co, the new budget fashion chain founded by former Asda chief executive Andy Bond and former Sainsbury’s Tu boss Adrian Mountford, has announced plans to create 500 new jobs across England, Wales and Scotland by the end of August.  The news comes as the fashion retailer confirms that it plans to open an initial 50... Continue Reading →

Addis Ababa welcomes first Spur Restaurant

Spur Ethopia: Neway, Teodros, Pierre, Ronel, Derick, Yonas and Mulugeta.Pierre van Tonder, CEO Spur Corporation in South Africa, explains why Ethiopia is such an attractive investment opportunity: "Ethiopia is a dynamic, productive country with one of the highest GDP growth rates in Africa. It holds many opportunities for entrepreneurs like our new partners. Spur International... Continue Reading →

Foschini plans to expand across continent

THE Foschini Group aims to almost triple the number of its stores across the rest of Africa over the next five years, its chief executive said on Tuesday.Foschini is the biggest reseller of Adidas and Nike products in South Africa where it is the third-biggest clothing retailer by market value and operates more than 2,000... Continue Reading →

EDCON’s dismal results for the third quarter

Edcon on the brink after poor quarterlies EDCON’s dismal results for the third quarter to December reinforce analysts’ views that the once high-flying clothing retailer has little future in its present form. The heavily indebted group, the largest nonfood retailer in the country, which was bought in 2007 by Bain Capital for R25-billion in South... Continue Reading →

MTN could outsource retail operations

MTN could outsource management of its retail stores and field staff, with an industry insider suggesting a deal with Brightstar is on the cards. By Lloyd Gedye. MTN could outsource management of its retail stores and field staff, with an industry insider suggesting a deal with Brightstar is on the cards. The industry insider said... Continue Reading →

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