Filed under: Local News
Official figures, which reveal that liquidations increased by 7.2 percent in the first five months compared with the same period last year, may not show the full extent of corporate distress.
Filed under: International News
Years ago, when the first Armani boutiques opened in China, a furious customer walked into one of these shops, brandishing two Armani T-shirts.
Filed under: International News
The “latte effect” of the go-go years had Americans spending $4 (R32 at current exchange rates) a day on coffee. Now the economic downturn is forcing them to rethink the wisdom of such habits.
Sales of Pick n Pay’s new top-end house brand prepared meals were up 50 percent from a year ago, it said yesterday, after it had spruced up its offering in a bid to win back up-market customers.
Inflation is out of the Reserve Banks control, no amount of further interest rate increases are going to help get the rate back within the targeted range! So the South African consumer is going to be under more and more pressure when it comes to discretionary spending. This will translate into retail sales declining.
Filed under: Local Company News
The ongoing dispute between Mr Video and Nu Metro is heading to the competition commission, where the home rental DVD company will challenge what it describes as anti-competitive behaviour by the cinema chain.
Filed under: Local Company News
The battle between privately owned Dis-Chem and listed New Clicks to dominate the pharmacy market heated up yesterday, after Dis-Chem said it would go the franchise route to accelerate expansion plans.
Filed under: Trends
Filed under: International News
June 19, 2008 Edition 4
Louise Flanagan
If you want to make burgers at McDonald’s, you need to pass 14 tests within three months.
If you want to talk to Sello More, who works on the line at McDonald’s in Ghandi Square in central Joburg, you have to be quick about it. More said it’s not hard to learn the speed and efficiency expected.
Filed under: International News
A consumer slowdown in Britain will worsen next year and any upturn will be compromised by a slew of planned openings of new retail property in the coming years, according to business advisory firm Deloitte.
