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Retail News

Cape Town onboard Monopoly's World Edition
Monopoly fans the world over have had their say, and the final results are in as to which cities will be represented on the new Monopoly Here & Now: The World Edition game board. As the only African city to be featured in the game, Cape Town claims its place in the green, ranking the third most-expensive property space behind Montreal and Riga respectively. 22 Aug 2008
Retail group Massmart is rolling out more stores as it continues to grow sales despite an economic downturn, by offering low-cost, wholesale basic foods and consumer goods. 22 Aug 2008
The spending power of middle and upper-class consumers has plunged while lower-class consumers have more spending power, research by Cadiz shows. 22 Aug 2008
Japanese video game giant Nintendo has been hit with a lawsuit alleging patent infringement. 22 Aug 2008
eBay has instituted a fee schedule that allows sellers of fixed-price items to list a product for 30 days - in many cases, multiple quantities of that product - for just 35 US cents. 22 Aug 2008
Economists believe there's further good news on the way for motorists with a R1 cut in the petrol price next month, following a significant drop and stabilisation in oil prices. 21 Aug 2008
South Africa and Turkey have sought to strengthen their bilateral political and economic relations at the First Turkey-Africa Cooperation Summit in Istanbul on Wednesday, 20 August 2008. 21 Aug 2008
The South African National Retail Alliance (SANTRA) in partnership with Smartcall Insurance Administrators launched South Africa's first Funeral Membership Plan for informal traders this week. The plan is the brainchild of SANTRA President Livingstone Mantanga, a seasoned leader and campaigner for the rights of street traders and hawkers. 21 Aug 2008
While the better growth figures for the 2Q of 2008 were expected, Business Unity South Africa (Busa) said, in a statement released this week, that it sees the overall 4,9% growth in 2Q 2008 as mainly a rebound from the serious negative impact of South Africa's power crisis in the 1Q 2008. 21 Aug 2008
Summer collection launch offers bags of choice
The creative minds behind Belgium-based Hedgren Bags and Travel Gear have been jetting around South Africa this week for launch the brand's latest summer collection - much to the delight of local designer bag connoisseurs. 21 Aug 2008
Clothing retailer Truworths International has bucked the trend of slower retail sales by posting a 16% rise in sales to R5,65bn. 21 Aug 2008
Small business is under fire - and increasingly, it is the small business website strategy that is being relied upon to create an effective defense. 21 Aug 2008
Digital television services are experiencing strong growth in Western Europe and North America as analog switch-off looms and consumers demand additional digital services. 21 Aug 2008
USA: It's rare to see Google command anything less than a large presence in just about any given e-business study these days, and the latest annual American Customer Satisfaction Index (ASCI) from the University of Michigan is no exception: ACSI scores for e-business rose 5.5% to 79.3 on ACSI's 100-point scale. That jump can largely be attributed to Google's own 10% climb to a score of 86. 21 Aug 2008
The US federal courts have embraced various interpretations of patent law as it applies to business methods over the years. With In re Bilski, heard 8 May, the court again took up the issue, and its ruling will have a major impact on patent law, writes Greg Reilly of Morrison & Foerster. 21 Aug 2008
Bolstered by a well-balanced and well-protected suite of compelling brands across the pricing spectrum and broader and stronger global distribution networks in developed and developing markets, Distell has once again shown its resilience to a global contraction in spending to report solid revenue and earnings growth for the year to 30 June 2008. 20 Aug 2008
Jet announces regional community award winners
Southern Africa's premier grassroots awards programme, the Jet Community Awards, has honoured four outstanding community-based organisations from Gauteng and North West in the first leg of the awards regional winner announcements. 20 Aug 2008
Adopting a customer-centric approach can be a winning business model in tough economic times. 20 Aug 2008
PnP concept store is keystone to Sandton development
A 1950m2 unique Pick n Pay concept store will anchor the R280 million Morningside Shopping Centre redevelopment in Sandton, which is set to open in June 2009. 20 Aug 2008
Several incidents of iPod nanos bursting into flames have created consumer jitters in gadget-happy Japan. Apple is downplaying the problem, pointing out that no major injuries or damage have been reported. The problem is due to defective batteries, the company said, and only a tiny percentage of the devices have caught on fire. 20 Aug 2008
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