e-spaces


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.

Continue reading



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.

Continue reading



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.

Continue reading



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.

Continue reading



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.
Continue reading



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.

Continue reading



UBS tempers exuberance over imminent recovery in retail by Lans
February 23, 2009, 7:35 am
Filed under: Retail

February 13, 2009

By Tom Robbins

UBS has cautioned against exuberance about a recovery at furniture and clothing retailers, saying that history showed that the bottom of the sector’s profit cycle lagged the start of interest rate cuts by up to three years.

Continue reading



Woolies slices prices to widen customer base by Lans
February 10, 2009, 10:41 am
Filed under: Retail

February 9, 2009

By INGI SALGADO

Woolworths has announced price cuts of up to 29 percent on about 5 percent of its food lines yesterday, hoping to attract customers to its up-market retail food brand in increasingly tough economic conditions.

Continue reading



Socially empowering brands can tackle runaway aspirations by Lans
February 7, 2009, 7:08 pm
Filed under: Opinion/Analysis

By Wendy Cochrane

Look no further than the spate of xenophobic violence that ripped through South Africa last year for evidence that our society is dangerously stressed by the twin yoke of desire for the trappings of a “better life”, and limited resources or opportunities to acquire them.

Continue reading