Despite difficult trading conditions in both South Africa and Australia, Group sales increased by 6.7% to R37.8 billion, and profit before tax increased 37.9% following the sale by David Jones of its Market Street property in Sydney for a profit of A$172 million (R1762 million). Adjusted diluted headline earnings per share (adHEPS) declined by 2.4%
The Style Group, a contemporary lifestyle retail group in Nigeria, is leapfrogging the brick-and-mortar sales of fashion, accessories and design services and instead focuses on offering them via modern social media commerce. In the booming social media and eCommerce market of Nigeria, The Style Group’s model is a hit and reaching thousands of Nigerians eager
Organizations are wasting billions of dollars each year on customer loyalty programs that don’t work like they used to, according to new research from Accenture Strategy. With millions of loyalty points sitting dormant and the majority of U.S. consumers (78 percent) retracting loyalty at profit-crushing rates, organizations must pay attention to the new factors driving
Unilever is running a series of events around the world to raise the profile of engineering careers with students who will be entering the industry in the next two years. Working towards gender balance The idea is to excite and educate students about jobs in the FMCG industry, in particular bringing alive the differentiators –
Exponential online sales growth paired with the EMV chip migration in the US makes e-commerce payment security for merchants more important than ever before. As EMV chip technology continues to reduce face-to-face credit card fraud, the shift to ecommerce security becomes increasingly important to businesses large and small. To help merchants shore up their ecommerce
Amazon.com, Inc. announced financial results for its fourth quarter ended December 31, 2016. Operating cash flow increased 38% to $16.4 billion for the trailing twelve months, compared with $11.9 billion for the trailing twelve months ended December 31, 2015. Free cash flow increased to $9.7 billion for the trailing twelve months, compared with $7.3 billion
SPAR Nigeria was the host of the one day SME Bazaar organised for small and medium Nigerian enterprises in collaboration with the Bank of Industry, the Manufacturers Association of Nigeria and the Retail Council of Nigeria. The SME Bazaar followed an extensive SME Workshop to educate and offer professional assistance to small businesses on the
Walmart announced free two-day shipping to home and stores on more than two million items, without a membership fee. The new offer is available starting at 8 a.m. EST today. With this announcement, Walmart has also lowered the minimum purchase required for free shipping to home to $35, from $50. Items being shipped to stores continue to
Ingenico ePayments, the online and mobile commerce division of Ingenico Group, announced that it has signed an agreement to provide global payment processing and conversion optimization services to Booking.com. With Ingenico’s global footprint and large portfolio of international cards and alternative payment products, Booking.com is able to increase the conversion rate of visits into online
Spinnaker Software is proud to celebrate its long-standing relationship with Cambridge Food, a subsidiary of Masscash South Africa, and to announce the completion of a comprehensive integration to its SAP ERP system. The solution comprises Spinnaker’s tried and tested Arch Retail system, which offers comprehensive functionalities for managing the various departments found in typical full-service supermarkets,
The Competition Tribunal has approved the merger between Amdec and Culemborg Investment Properties, a property letting company offering specialised retail rental. Post-merger Amdec will control Culemborg. The primary acquiring firm Amdec group is a privately-owned property development and investment business. It owns a portfolio of immovable properties and property letting enterprises and actively operates within
The top 250 global retailers generated aggregated revenues of US$4.31 trillion in fiscal year 2015, representing composite growth of 5.2 percent, according to the Global Powers of Retailing 2017: The art and science of customers report from Deloitte Global. “Slow economic growth in major developed economies, high levels of debt in emerging countries, deflation or low inflation
The NRF Foundation today announced the 25 individuals named to The List of People Shaping Retail’s Future. The honorees represent the best and brightest individuals impacting the retail industry and will be recognized on January 15 at the NRF Foundation Gala during Retail’s BIG Show in New York City. “Retail is driven by millions of talented and passionate individuals
JOHANNESBURG, 23 November 2016 Tiger Brands (JSE: TBS), South Africa’s leading fast moving consumer goods manufacturer posted a solid set of results for the year ended 30 September 2016, testament to the strength of its brands and ability of its leadership to navigate the difficult environment. The company recorded an increase in group turnover from
Friday, 11 November 2016, Healthcare group Netcare and pharmacy retail group Clicks today announced that the Competition Commission and Competition Tribunal have approved the long-term agreement which they entered into on 8 June 2016, whereby Netcare will outsource its 37 retail pharmacies in Medicross medical and dental centres and 45 Netcare hospital retail front shop
Woolworths Holdings Limited (“WHL”) today announced that its wholly owned subsidiary, Country Road Group had entered into an agreement to acquire Politix, a market-leading retailer in Australian designer menswear. Politix has 75 stores, including 31 concessions across Australia and FY2016 sales of A$56 million. The agreement is subject to the fulfilment of certain conditions precedent
The Eastern Cape retail sector is set to benefit from key global insights when South African expatriate Troy Zunckel returns to the country after more than a decade of international retail experience in Dubai. Zunckel heads to Port Elizabeth’s R2-billion Baywest Mall in April, taking the reins from outgoing GM Sonja de Necker, who will
The iconic Mall of Africa today opens its doors for business in Waterfall City. The 131,038sqm mall marks the largest first phase completion of a mall ever in South Africa, boasts more than 300 outlets, is host to some of the world’s most famous retail brands and is valued at R4.9 billion upon opening for
There might be queues to get into the Mall of Africa, but customers who visit either the Vodacom or the MTN stores there will find a surprising smooth customer journey waiting for them, all thanks to the Qmatic systems in both branches. “We are proud to have two stores at arguably one of the most
With over 4 600 fuel forecourts currently in operation and more expected in the future, this industry is rapidly growing as a key driver of revenue for fuel stations in South Africa. Ronél Fester, FNB Franchise Industry Specialist, says the success and profitability of fuel forecourts lies in their ability to understand and meet the
Dunkin’ Brands, the parent company of two of the world’s most recognizable brands, Dunkin’ Donuts and Baskin-Robbins, today announced that it has signed a master franchise agreement with Grand Parade Investments Limited (GPI) to begin developing Dunkin’ Donuts and Baskin-Robbins restaurants in South Africa. The agreement remains subject to GPI’s receipt of approval from the
For the first time since the dawn of e-commerce in South Africa, online retail in South Africa will reach 1% of overall retail during 2016. This is the most significant finding of the Online Retail in South Africa 2016 report, released recently by World Wide Worx. The report shows that online retail continues to grow at a
IKEA Group and Wincor Nixdorf conclude iPOS project Approximately 14,000 BEETLE POS systems – 2,700 more than originally planned – were installed by Wincor Nixdorf in 330 IKEA Group stores in 28 countries as part of a big retail project. The entire rollout took just two years and three months, an average of 16 POS
