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Retail News

Online retailer, kalahari.net, has launched a pioneering payment solution to address online security concerns and make online shopping accessible to everyone that has a cellphone. MiMoney, powered by Standard Bank, is an electronic payment voucher that can be purchased through self-banking channels (Internet banking, mobile banking and telephone banking) or from participating sales agents. 3 Dec 2008
President Kgalema Motlanthe believes the prevailing turmoil on international markets will greatly test South Africa's economic policies as markets are likely to get worse, before they get better. 3 Dec 2008
Nokia shows off sociable, spendy smartphone
Nokia unveiled its latest smartphone in Barcelona, Spain, on Tuesday at the Nokia World 2008 conference. The N97, set for release in the first half of 2009, could challenge high-profile mobile devices such as Apple's iPhone, Research In Motion's Storm and T-Mobile's G1 for a share of the smartphone market. 3 Dec 2008
Holiday-makers hitting the road this festive season will receive a welcome boost from Wednesday‘s R1.61/l drop in the price of petrol, but national supermarket chains say this is unlikely to bring food prices down in the near future. 3 Dec 2008
Update Rollup 1 for Microsoft Dynamics CRM 4.0 is now available. No, it's not a new release - but as with anything Microsoft, the cyber-community is talking about implementation do's and don'ts. 3 Dec 2008
Deep discounts haven't pulled in UK shoppers
Whereas US retailers appear to have found that deep discounts and specials have pulled the shopper into the malls, albeit with an impact of the bottom line thanks to lower profit margins, thus far it appears UK retailers' efforts to attract shoppers by using the same methods have not borne fruit. The question is, will there be a later rally towards Christmas? Moreover, are there lessons for South African retailers? 3 Dec 2008
If seven is a lucky number, proponents of the so-called "bottle bill" hope the seventh voyage finally brings it into harbor. Six times the bill has met the same fate - drowned in a sea of forgotten legislation in the final, hectic days of the West Virginia Legislature. 3 Dec 2008
The Organisation of the Petroleum Exporting Countries (OPEC) announced during its consultative meeting in Cairo, Egypt on Saturday that it will maintain crude oil output until next month's meeting in Algeria. 2 Dec 2008
SA editor takes third place in LG cook-off
The LG SolarDOM Regional Cooking Competition for the Middle East and Africa saw a close finish on its final night as culinary champions from four countries - UAE, Saudi Arabia, South Africa and Iran - competed to take the crown of the third edition of the competition. 2 Dec 2008
NEW YORK, USA: Wall Street plunged amid economic woes on Monday as investors cashed in some of their gains from the big rally in the previous week and key economic reports showed economic slowdown. 2 Dec 2008
Furniture, motor and carpet retailer Nictus today posted a 73% rise to 3.99 cents in headline earnings per share for the interim period to September. No interim dividend was declared. 2 Dec 2008
USA: A variety of retail-watching experts are churning out Black Friday sales facts, figures and customer inclinations, and while it wasn't a rip-roaring Black Friday compared to previous years, it wasn't all that bad - particularly for the hot-selling consumer electronics sector. 2 Dec 2008
USA: Cyber Monday is the biggest online shopping day of the year, but online retail experts say it may not be big enough this year to increase overall holiday sales compared to 2007. 2 Dec 2008
Furniture maker and distributor Steinhoff International says its trading operations have been affected to a varying degree by the global economic slowdown and negative consumer sentiment. 2 Dec 2008
Festival set to wow Witzenberg
The Cape Dutch Food & Wine Festival will ignite the Witzenberg region on the weekend of 28/29 March 2009 when it rolls out the welcome mat for masses of visitors arrive arriving to savour the very best of the town's culinary delights. 2 Dec 2008
Elle magazine and Max Factor are about to accept entries to its inaugural Elle New Talent Make-Up Artist Search 2009 to expose the best upcoming talent in this field. 2 Dec 2008
Today we have the advantage of staying connected wherever we are, which gives us the convenience of completing our holiday shopping from home or our working space, at any time of day. This convenience, however, comes with a price, which can sometimes present itself literally. Cybercrime is prevalent in our daily news; stories that discuss the lack of security or how some fraudster managed to bypass security barriers in place can cause customers to wonder how secure they are when shopping online. 1 Dec 2008
In a move that should ease anxieties for textile and clothing manufacturers in developing countries exporting to the US, the US House of Representatives has agreed to monitor textile and apparel imports from China when quotas expire at the end of this year. 1 Dec 2008
Pioneer Foods today reported an 11% decline in headline earnings per share to 292.4 cents for the year ended September 2008 from 328.4 cents a year ago. Diluted headline earnings per share declined to 285.3 cents from 318.2 cents. 1 Dec 2008
The Department of Health and Nestlé South Africa have reassured the public and consumers that all Nestlé dairy products sold in the country are completely safe for consumption. 1 Dec 2008
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