Filed under: Retail
Lipstick sales were holding up at Clicks as women continued to spend on this “affordable” luxury despite the downturn that had hurt sales of discretionary goods, the retail chain said this week.
Filed under: Retail
Retail sales fell for a third consecutive month in May as higher interest rates and record petrol prices curbed consumer spending.
Filed under: Retail
Mr Price Group chief executive Alastair McArthur took a 34 percent cut in pay in financial 2008 to earn R6.24 million, even as the company squeezed out 14 percent profit growth in the tough discretionary goods sector.
Filed under: Local Company News
Hardware Warehouse, the Eastern Cape building materials retailer that targets the bottom end of the market, had bought a higher-end retail business to reduce its reliance on the mass market, the firm said yesterday.
The proposed Consumer Protection Bill needed to be specific about the information that a franchisor had to disclose to ensure that franchisees were not abused, Tanya Woker, a professor of law at the University of KwaZulu-Natal, said this week.
Musica has been convicted of negligence for failing to verify the authenticity of accessories it sold for Sony PlayStation.
Filed under: International News
Retail companies in Zimbabwe with links to South Africa are maintaining a business-as-usual approach as the political and economic crisis in that country deepens, but the strategy of survival appears to be to source products – including food items – locally.
Filed under: International News
Filed under: International News
CNBC: If there’s one indisputable truth about retailing on the Internet, it’s that the established retail cliques have consistently underestimated how it would grow. That’s allowed the new wave of entrepreneurs, led by Jeff Bezos of Amazon and Pierre Omidyar of Ebay, to break into mature markets where they theoretically had no right to become established, and build that foothold into positions where much longer-established retail rivals operate in fear of them.
