Filed under: Local Company News
November 28, 2007
New Clicks Holdings had repurchased 3.1 percent of its own shares for R176.7 million, the retailer of toiletries, music and pharmaceuticals said yesterday.
Filed under: Retail
The retail sector would be the worst performer in rental growth in the property market in the next 12 months, Gerhard van Zyl, the chief executive of listed property loan stock company Vukile, said yesterday.
Filed under: Retail
US consumers spent $10.3 billion (R70.4 billion) on holiday purchases on Friday, an 8.3 percent rise from last year, after retailers promoted electronics and toys to woo shoppers.
Filed under: Retail
Shares in sporting goods retailers slumped yesterday after the England football team’s failure to qualify for the Euro 2008 Championship finals sparked fears of a plunge in sales of replica kits.
Filed under: Retail
High-flying retailer Woolworths shocked the market yesterday when a trading statement showed that clothing sales had fallen, suggesting a further rate increase could hammer the sector.
Filed under: Local Company News
Edgars Consolidated Stores (Edcon) had been appointed the official operator for 2010 Fifa World Cup stores in South Africa, the global soccer body announced yesterday.
Filed under: International News
Massmart Holdings’ sales rose in the first five months of the fiscal year after the company raised prices, said South Africa’s biggest food and goods wholesaler.
Filed under: Design
The Dome in Northgate, Johanesburg, was in flames earlier this week when up to 6000 Nandocas (Nandos employees) from all the nine provinces in South Africa gathered for Nando’s 20th birthday celebration. All of Nando’s resturants were closed for business on the day and no Nando’s chicken was made or sold.
Filed under: Retail
Even though higher interest rates (and it appears that the Governor of the Reserve Bank is in favour of another rate hike before Christmas) and the new credit Act will mean lower spending by consumers this festive season, retailers must be prepared to maximise sales.
Filed under: Local Company News
In 2008, Coca-Cola celebrates 125 years of Coke and it has invited Rex, a small Joburg-based company of designers turning four next year, to participate in its global birthday celebrations. The project, dubbed Coca-Cola Remix, sees 125 artists from around the world taking 125 years of Coca-Cola marketing material and re-inventing it to create a series of fresh visuals inspired by the brand’s new global positioning statement – the Coke side of life.
