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Wholesale division is top performer as high food inflation boosts profit by Lans
February 27, 2009, 9:46 am
Filed under: Retail

By Tom Robbins

Massmart’s cash and carry division led the way in first-half profit growth as it benefited from high food inflation, but chief executive Grant Pattison said price rises were expected to slow from the middle of this year.

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Massmart expects uptick in retail sales from second half by Lans
February 27, 2009, 9:45 am
Filed under: Retail

Sector vulnerable to shocks
February 27, 2009

By Tom Robbins

Sales in the retail sector were expected to deteriorate this year, Massmart said yesterday, but the discount retail group foresaw “some improvement” in the second half, barring any further economic shocks.

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Cash is King For Masses by Lans
February 27, 2009, 9:43 am
Filed under: Local News

 

In the consumer recession, diversified cash retail group Massmart has benefited from its exposure to steady sellers.

Through the Makro chain, Massmart is the country’s biggest liquor retailer. Even if consumers switch from higher-margin premium beers to recession busters such as blue-top cane spirit, the group doesn’t lose the sale. Continue reading



Clothing retailers’ sales increase by Lans
February 24, 2009, 7:02 am
Filed under: Retail

Since December, family-focused Woolies lags Truworths with younger custormer base
February 23, 2009

By Tom Robbins

Post-Christmas clothing sales at Truworths had risen by 20 percent, but Woolworths failed to match this increase, the chief executives of the two retailers said last week.

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Retail sales figures deliver a late Xmas present by Lans
February 23, 2009, 7:42 am
Filed under: Retail

February 19, 2009

Retail sales declined less than expected in December in their best performance in eight months, easing expectations for an emergency Reserve Bank meeting to cut interest rates.

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Checkers raises customer profile by Lans
February 23, 2009, 7:40 am
Filed under: Retail

By Tom Robbins

Sales growth at the upmarket Checkers chain had caught up with the Shoprite chain, as higher-income customers switched from rivals, Shoprite Holdings’ chief executive Whitey Basson said yesterday.
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Slower food inflation ‘not a threat to grocer profits’ by Lans
February 23, 2009, 7:36 am
Filed under: Retail

While there is concern among investors that a sharp fall in food inflation will hurt supermarket group profits, food companies believe food inflation will remain relatively high, according to UBS.

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