Friday , April 19 2019

Shareholders & Regulators Green Light Amazon’s Whole Foods Takeover

Amazon’s $13.7 billion (£10.7 billion) takeover of organic grocery chain Whole Foods has been given the green light by both shareholders and government regulators. The takeover means Amazon now has a direct pathway into bricks-and-mortar retail, with more than 460 Whole Foods stores — nine of which are in the …

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Kalon Venture Partners and Smollan Group invest R14m in tech startup SnapnSave

Kalon Venture Partners, formerly Grotech, and Smollan Group SA both acquired a minority stake in South Africa’s fastest growing shopping community, SnapnSave. Kalon, a venture capital fund and Smollan Group, a leading international retail solutions business invested R7 million each. SnapnSave, founded by Mark Bradshaw is South Africa’s leading cashback …

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Low Inflation Boosts Take-Home Salaries and Pensions in July

South African salaries increased for the fifth consecutive month in July with average salaries and pensions rising – leading to the strong possibility of a consumer recovery. This is according to the latest monthly data from BankservAfrica’s Disposable Salary Index (BDSI) and Private Pension Index (BPPI). The BDSI, a unique …

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Walmart, Google Partner to Make Shopping Even Easier

Running around, going to work, picking kids up from school, making dinner and, between all of that, there’s shopping to do. Because of this, I believe our job at Walmart isn’t only about saving our customers money, but also about making shopping faster and easier. We’re announcing an exciting partnership …

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Shoprite Defies Market Conditions

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 …

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Symphony GOLD Named a Representative Vendor for Retail Distributed Order Management Systems.

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 …

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Dollar General Celebrates 14,000th Store Grand Opening

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, …

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SPAR South Africa Supports Multi-Million Rand Skills Development Project

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. …

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