Payment is at the heart of the purchasing experience. Google Pay’s Smart Tap technology enhances the checkout process and makes it seamless for consumers. All Ingenico terminals natively support NFC wallets, and by simply holding their phones to NFC POS terminals, consumers can transmit loyalty cards, gift cards and offers – with Google Pay. This
The Kraft Heinz Company (“Kraft Heinz”) has announced that Warren Buffett, will retire from the Company’s Board of Directors following the end of his term at the upcoming Kraft Heinz 2018 Annual Meeting of Stockholders. Mr. Buffett decided to retire from the Board as he decreases his travel commitments. The Company also announced that the
Vodafone has announced that it is working with Mango, the global high street fashion retailer, on a new programme to rollout digital fitting rooms to the company’s top stores worldwide. The digital fitting room has been designed around a new Internet of Things (IoT) digital mirror designed by Mango, developed by Vodafone in collaboration with
Massmart Holdings released their full-year results for the 2017 financial year. The 53 week numbers indicate pleasing sales growth, with total sales increasing 2.7% to R93.7 billion, however for ease of comparison, figures quoted in this announcement are for the current (2017) and prior (2016) 52-week periods. Total sales for the 52-week period grew 1%
DHL eCommerce MoneyAfrica is Africa’s biggest eCommerce Show. Having grown by 45% since 2017 and now in it’s fourth year running, the event will be hosted in the brand new East Wing of the Cape Town International Convention Centre from 14th – 15th March 2018. South African online sales recently surpassed the 1% mark of
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
In the brand new Tejuoshop shopping centre in Lagos, SPAR Nigeria recently opened a SPAR Hypermarket with a sales area of 1,425m², attracting huge crowds on the opening day. The Tejuosho Shopping Centre, the former Tejuosho Market, famous for fabric and garment trading, is an ultra-modern shopping centre and with room for 1,000 stores, this
Wal-Mart Stores Inc. has announced that Judith McKenna will be promoted to President and Chief Executive Officer (CEO) of Walmart International, the company’s second-largest operating segment. She will be succeeding David Cheesewright, who has been in role since 2014 and recently shared his desire to retire from a full-time role. McKenna, currently serving as Executive Vice
As part of a wider approach to help colleagues and customers on health, Tesco has today stepped up plans to help make healthier choices a little easier for shoppers by backing the first Public Health England Change4Life campaign to promote healthier snacking for children. Building on the success of Tesco’s 2017 ‘Little Helps to Healthier
The Supervisory Board of Steinhoff has advised shareholders that information has come to light which relates to accounting irregularities requiring further investigation. The Supervisory Board, in consultation with the statutory auditors of the Company, has approached PWC to perform an independent investigation. Markus Jooste, CEO of Steinhoff has tendered his resignation with immediate effect and
Everyone’s Welcome at Tesco this Christmas – so prosecco and beer for cats and dogs are among the treats available to the rocketing number of Brits who now include their pets on the gift list. This year, Tesco’s Christmas campaign celebrates the many ways we come together at Christmas, and including a pet on the
Ellies Holdings Limited has advised that the company CEO, Wayne Samson, has resigned. Wayne has been with the company for 28 years and has been part of the team that implemented the turnaround strategy. Now that the company has returned to a profitable course, Wayne felt that it was time to take leave and to
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
Economic conditions impacting the country’s lower to middle income market continued to weigh on Lewis Group’s performance for the six months to September 2017 as headline earnings declined from R173 million to R144 million with headline earnings per share 15.8% lower at 163.9 cents. However, the group’s results show an improving sales growth trend, stronger
The partnership commences with a focus on the development of stores in Pakistan’s biggest city, Karachi. SPAR multi-format stores, ranging from small convenience to large supermarket will expand over time across the country. By opening these stores, Pakistan becomes part of SPAR’s international network which now extends to 46 countries across the globe. Established 50
TFG has announced that it has entered into an agreement to acquire Hobbs, a contemporary British womenswear brand, through its United Kingdom subsidiary, TFG Brands (London) Limited. The agreement is subject to the fulfilment of certain conditions precedent normal for a transaction of this nature. Hobbs currently has 140 outlets comprising standalone stores and concessions
Of the 33 participants in the Massmart Supplier Development Programme 13 are private label projects, eight are import substitution projects and six are exporting products as far as New Zealand. Massmart today hosted an event to celebrate local manufacturers who are participants in their Supplier Development Programme. At the event, the Economic Development Department, and
Pick n Pay, the largest online grocery business in Africa, has unveiled its new online shopping website. Designed to work alongside the recently relaunched mobile app, the website has been built to offer greater convenience, wider choice, more promotions and lower prices to its fast-growing base of online shoppers. The website is geared towards customers
Clicks Group increased operating profit by 15.4% to R1.8 billion in the year to August 2017, driven by strong retail health and beauty sales which grew by 14.7%. Group turnover increased by 10.9% to R26.8 billion and diluted headline earnings per share by 14.5% to 502 cents. The group increased its operating margin by 30
Investec Asset Management, through its Africa Private Equity capability, in a consortium with RMB Ventures, local partners, and senior management have completed a buy-out of Kamoso, a Botswana-based retailer and consumer goods company. The transaction is believed to be Botswana’s largest ever private-equity investment. Kamoso is a leading manufacturer and supplier of consumer goods and
Lewis Group has announced the acquisition of United Furniture Outlets (UFO), a cash retailer of luxury household furniture to the higher income market, for R320 million. UFO was established in 2004 and has a retail footprint of 30 stores. More than half the outlets are located in Gauteng, including its flagship 5 000 m² mega-store in
Amazon introduced a convenient way for teens 13 through 17 years old to shop on Amazon with their own login. For the first time, teens can independently use the Amazon App, allowing them to shop or stream content while still keeping their parents informed. Parents can approve all orders or set pre-approved spending limits per
Shoppers are demanding that every aspect of their experience be quick, easy and free of friction. That’s why Walmart is transforming retail with unique, technology-powered offerings like Online Grocery Pickup, Pickup Towers, Mobile Express Money Services and free two-day shipping without a membership fee. Walmart is now focusing its attention on returns, with the introduction
Steinhoff has announced that Steinhoff African Retail Limited (STAR) listed on the JSE on 20 September 2017 and issued 750 million new STAR shares under a private placement in a book that was 4.8 times oversubscribed, raising an aggregate amount of R15.4 billion. The proceeds from the Private Placement were distributed by STAR to subsidiaries of Steinhoff.
Ackermans recently relocated, and re-opened its doors in one of Africa’s leading retail, leisure and entertainment destinations, Canal Walk shopping centre. The 1618m2 store will supply all the quality clothing, footwear, and more, its customers have come to expect from the value retailer – only this time, it will have a new, refreshed look. Annemarie
This week the Shoprite Group created more than 820 new job opportunities with the opening of 14 new stores across 6 different provinces in South Africa. The Group is South Africa’s largest private sector employer and created 6 027 new jobs in the 2017 financial year. This trend is set to continue with a total
Walmart is strengthening its sustainable chemistry policy for consumable products, reaffirming the company’s work to increase transparency, advance improved product formulations, and offer a larger sustainable product selection for customers. As part of the policy expansion, Walmart aims to reduce its consumables chemical footprint for Walmart and Sam’s Clubs U.S. stores by 10 percent by
Mastercard and Swarovski have launched a virtual reality (VR) shopping app for the Atelier Swarovski home décor line, a collection of functional and decorative crystal home accessories designed in collaboration with world-renowned architects and designers. The app immerses consumers in a tastefully decorated home where they can browse and purchase the pieces with Masterpass, Mastercard’s
IBM has announced a new agreement with Walgreens, one of the country’s largest drugstore chains, to deploy IBM retail analytics at more than 8,100 locations nationwide to help improve the efficiency of field service support for these locations. With IBM’s support of IT systems at Walgreens stores, IBM’s unique capabilities to integrate hardware and software from
Marie Claire magazine is partnering with Mastercard to launch The Next Big Thing Concept Shop, a first-to-market, hands-on retail pop-up experience bringing to life the newest innovations in fashion, beauty, entertainment, technology and wellness. Open to the public from September 23-October 12, The Next Big Thing Concept Shop will offer consumers the opportunity to experience
LOGiQ Asset Management Inc. and Purpose Investments Inc. are pleased to announce today that they have entered into a purchase and sale agreement providing for the acquisition by Purpose of substantially all of the retail asset management agreements owned by LOGIQ and its affiliates. Under the terms of the Purchase and Sale Agreement, the purchase
Mother and daughter duo, Patricia and Samantha Taylor of Life Retreat, have combined their love for all things health and wellness to bring the Cape an experience unlike anything else. Situated at Lourensford Wine Estate in what has been referred to as one of the most beautiful places on earth, the duo have created a
Unilever has once again ranked first in the Personal Products sector of the 2017 Dow Jones Sustainability Index (DJSI) – one of the most credible and high-profile markers of corporate sustainability leadership. DJSI assesses and ranks the economic, environmental and social performance of over 3,000 publicly traded companies. Unilever has participated in the benchmark since
The Shoprite Group delivered industry-leading results for the 2017 financial year, defying tough market conditions. Now serving over 35 million individual customers on the African continent, the Group gained market-share and grew trading profit 11.6% (15.7% compared to 52 weeks) to R8 billion. “We have now achieved 64 consecutive quarters of like for like sales
Symphony GOLD, provider of the GOLD unified software platform for omni-channel retail, has announced that it was named as a Representative Vendor in the Gartner July 2017 Market Guide for Retail Distributed Order Management Systems. Gartner Key Findings: “As retailers and direct to consumer companies face similar multichannel order fulfillment challenges, their interest in distributed
Dollar General reached a new milestone this morning as it hosted hundreds of excited customers in Dauphin, Pennsylvania to celebrate the grand opening of the company’s 14,000th store location. “Dollar General is excited to celebrate our company’s continued growth by celebrating our 14,000th store grand opening today,” said Todd Vasos, Dollar General’s CEO. “For nearly
SPAR South Africa is working together with Mr Price Group to reduce youth unemployment. Invaluable retail work experience will be gained through MRP Foundation’s skills development initiative. The programme, Jump Start, empowers unemployed youth with entry level skills and links them to job opportunities in its retail and supply chain. Since 2008, the youth development
Walgreens announced the launch of its Center for Health & Wellbeing Research, a website that features more than 50 Walgreens outcomes studies completed over the past six years. Areas of research include access to care and patient experience, adherence and clinical outcomes, digital health and member engagement, health care costs, HIV and specialty pharmacy, vaccinations
SPAR Zimbabwe recently ran a campaign – the ‘Piggy Bank Challenge’ – aimed at educating children on the importance of saving money whilst at the same time providing financial support for children’s charity, Childline. Running until the end of February, the campaign saw piggy banks (money boxes) on sale in SPAR stores in Zimbabwe. Parents
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
