Filed under: Local News
Furniture retailer Ellerine, concerned that it is losing its customer loans business to banking players, has given its conditional support to a R9.85 billion buyout offer from microlender African Bank Investments Limited (Abil).
Filed under: Opinion/Analysis
Furniture rivals JD Group and Lewis are taking very different approaches to how they finance their customers’ purchases: JD Group is moving to separate its consumer loans business from its retail operations while Lewis is sticking to its guns and will keep the two together.
Filed under: Local News
Forget the taxi rank caravans and oshisanyama (township outlets where people buy and braai meat).
Filed under: International News
Indian group Reliance Industries opened the nation’s biggest superstore yesterday and announced plans for hundreds more in what it called another step in its drive to unleash a “retail revolution”.
Filed under: Local Company News
The competition tribunal yesterday approved the R369 million takeover of mass market health and beauty chain Discom by Edgars Consolidated Stores (Edcon).
Filed under: Local Company News
Profit growth had slowed due to increasing competition in the tile and bathware retail sector, Italtile said yesterday, but it would respond by increasing the fashionability of products.
Filed under: Local Company News
Massmart Holdings expected to lift annual profit by up to 29 percent amid a consumer spending boom that has fuelled economic growth, the leading consumer goods wholesaler said yesterday.
Filed under: Local News
The new National Credit Act hit furniture sales hard in June, dragging overall retail sales growth down, but analysts remained confident that consumer consumption would remain relatively high.
Filed under: International Company News
Wal-Mart Stores yesterday reported a lower-than-expected quarterly profit and cut its annual earnings forecast
Filed under: Local Company News
RETAIL BONDS: The introduction of retail bonds has been a welcome development. But there are a number of cracks that need plastering.
