Japanese electronics maker Panasonic will cut its investment in two new flat-screen TV plants by about US$1.5 billion and exit unprofitable businesses as the global economic slump slices into its profits. 12 Jan 2009
Circuit City Stores said Friday it is in talks with two interested parties that could buy the company or provide additional financing for it to stay in business. 12 Jan 2009
The Dubai Shopping Festival (DSF 2009), from 15 January to 15 February is set to provide shopping bargains, raffles, promotions, concerts, carnivals and more with over 2,000 retailers and 40 shopping malls including the recently opened Dubai Mall, now the largest mall in the world participating in the festival. 12 Jan 2009
Deputy President Baleka Mbete met her Swedish counterpart Deputy Prime Minister Maud Olofsson, Monday morning, to build support for investment in the African Agenda. 12 Jan 2009
South African retailers painted a rosy picture for the Christmas trading period despite forecasts that they would face the bleakest festive sales season in nearly two decades. 12 Jan 2009
Despite the credit crunch being faced by retailers — and figures that are expected to show a bleak festive season — the Audi Joburg Fashion Week has been moved from March to this month. 12 Jan 2009
Trinco tea is launching an on-pack promotion which places the brand firmly behind the education of the youth of South Africa, with the aim of providing them with a brighter future. 9 Jan 2009
A warning has been sent to all farmers in the Northern Cape's locust infested areas to be on the alert for repeated infestations in large parts of the province during this weekend. 9 Jan 2009
As expected, the festive season failed to drive cash-strapped SA consumers into the kind of shopping frenzy seen in this period in the past few years. On the other hand, the retail experience has not been one of unrelieved gloom. 9 Jan 2009
Wholesale retailer Massmart on Thursday said that sales over the 26 weeks to December 28 rose 13.2% to R22.8-billion compared with same time a year ago, with 12-month rolling inflation estimated at 9.9%. 9 Jan 2009
Pick n Pay is not disappointed with festive season sales, saying consumers showed "amazing resilience" under difficult conditions, with sales exceeding forecasts. 9 Jan 2009
Organisations that treat IT risk management as a technology issue rather than one of corporate importance will leave themselves exposed to a plethora of problems that could threaten the health of the entire concern. 9 Jan 2009
Fuel retailers with excess stock find themselves between a rock and a hard place when fuel prices plummet as they have no choice but to sell the fuel at a loss, according to the Fuel Retailers' Association. 8 Jan 2009
British retailer plans to close 27 stores and shed more than 1000 jobs. 8 Jan 2009
A Mambo Sprouts Marketing survey in the United States forecasts 2009 buying trends: organic still important but cost consciousness on the rise during recession. 8 Jan 2009
Eastern and Southern Cape motorists and taxi and bus commuters, who hope they may benefit from last night‘s fuel price drop will be disappointed. Consumers too, will be disappointed as food prices seem unlikely to fall in the wake of a lower fuel price. 7 Jan 2009
It's the end of an era as a British retail institution closed its doors on a century of trading as the latest victim of the financial crisis shut down the last of its stores. 7 Jan 2009
If you'd love to turn out gourmet dishes time after time without spending too much time in the kitchen, you'll be glad to know that with the launch of Woolworths comprehensive new ranges of cook's and baking essentials, help is at hand! 7 Jan 2009
Motorists have been given a lower fuel price reduction than expected, thanks to review of the existing fuel zones. 7 Jan 2009
Actual petrol price changes at the pump will differ from the change in the base price as announced by the Department of Minerals and Energy. 7 Jan 2009
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