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

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

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

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

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

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

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