McDonald’s, the world’s largest fast food chain, wants the Oxford English Dictionary (OED) to rewrite its definition of the word “McJob”.
Filed under: Opinion/Analysis
Shoprite chairman Christo Wiese may well wince when he hears that the Absa Capital private equity deal to acquire Steinhoff’s local furniture making business took three weeks to put together.
BLACK DIAMONDS Research into South Africa’s black middle class seems to back up anecdotal evidence and criticism from trade union Cosatu and others that the rich are benefiting at the expense of the poor.
Filed under: International Company News
Marks & Spencer (M&S) lifted full-year profit 26 percent on the back of strong sales, Britain’s largest clothing retailer said yesterday.
Filed under: Trends
May 24, 2007By Ethel HazelhurstJohannesburg – Firms that cater to households are gaining from a dramatic shift in living patterns – and can expect to do so in future.
Research from the University of South Africa’s Bureau of Market Research (BMR) shows that while the population is growing, household sizes are shrinking. The spin-off for banks and retailers is that families need more accommodation per person – a trend that should ensure escalating demand for housing, appliances and furnishings.
Filed under: Local News
Consumers with cash in their pockets and cross-border shoppers with billions to spend yearly were immune to rising interest rates and were playing an important part in keeping the country’s retail sector buoyant, according to Brait economist Colen Garrow.
Filed under: Local News
Two furniture retailers yesterday issued contradicting reports about the performance of middle-income customers, sending mixed signals about the behaviour of consumers in this market segment.
Filed under: Local Company News
Woolworths would sell 10 percent of its shares to about 17 000 of its black employees through a black economic empowerment (BEE) transaction, the listed retailer said yesterday.
Filed under: Local Company News
The country’s biggest three credit furniture retailers faced a long-term threat to their business model as banks continued to issue credit cards to mass-market consumers, analyst have said.
Filed under: International News
Indian billionaire Kumar Mangalam Birla plans to invest as much as 90 billion rupees (R15.5 billion) in three years to start a retail chain and compete with Reliance Industries and Wal-Mart Stores.
