Local retailers have been under severe pressure these past couple of years, and 2018 promises no respite. Weak economic growth, regulatory changes and a fluctuating rand continue to ail the industry, while inflation (anticipated to be around 5%) erodes consumers’ disposable income. Given this reality, it could be expected that many retailers would pass on

The Shoprite Group produced an industry-leading performance in the 26 weeks to 31 December 2017 with growth in turnover, profit and market share. According to Chief Executive, Pieter Engelbrecht, “Results were boosted by a strong performance in our core South African supermarket operations, which grew turnover by 7.8%.” This helped offset a 0.4% decline in

The Competition Tribunal upheld exceptions taken by retailers Shoprite Checkers, Pick ‘n Pay Retailers and Spar in respect of an amended referral by Walmart-owned Massmart regarding its complaint against retailers and landlords for allegedly entering into exclusivity agreements impacting on its Game stories. In its complaint Massmart said it wishes to enter the fresh grocery

Leading health and beauty retailer Clicks continued its strong growth trend in the 20 weeks to mid-January 2018, increasing sales by 14.2%. Reporting on the Clicks Group’s trading update, chief executive David Kneale said the Clicks chain continued to show its resilience in the current tight consumer spending environment. Clicks reported real volume growth of

Mr Price today announced an increase in diluted headline earnings per share of 23.6% to 434.1 cents and interim dividend per share of 22.3% to 279.0 cents. ”We’re pleased with the resilience of our business model and fortitude shown by our associates. They produced really solid results in extremely challenging trading conditions and I am