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Retail News

Furniture retailer Lewis said on Wednesday, 21 January 2009, that its cumulative revenue growth for the nine months ended 31 December 2008 was 5%. 21 Jan 2009
US First Lady Michelle Obama's outfit, worn at the inauguration of her husband on Tuesday, has been applauded as sending a cheerful message of hope and a vote for the American fashion industry. 21 Jan 2009
While about two million people gathered in Washington DC to celebrate the inauguration of Barack Obama as new US President, Wall Street plunged more than 4% in New York. 21 Jan 2009
Woolworths expects headline earnings per share (HEPS) for the interim period ended December to be between 8% and 13% higher than the same time a year ago, it said on Tuesday, 20 January 2009. 21 Jan 2009
Sony Ericsson is the latest casualty of the global economic slowdown. 20 Jan 2009
Don't hit that pause button just yet. Despite the tanking economy and an increasing number of video game-industry layoffs, many believe 2009 will be a year of evolution for games. The combination of innovative new titles, long-awaited franchise follow-ups and desire for escapism could spawn a gaming renaissance. 20 Jan 2009
They may not be the most thoughtful presents in the world, but they sure are convenient. Gift cards relieve shoppers of having to find the perfect size, style, and colour of any item on a shopping list. They also avoid scenarios where what the buyer views as desirable is antithetical to the receiver's outlook. 20 Jan 2009
Charlotte Coetzee bags PnP design competition
Graphic designer Charlotte Coetzee, 24, has taken top honours in Pick n Pay's latest initiative to reduce use of plastic bags. In November last year, the retailer launched a web-based design competition, inviting budding designers to submit designs for a new and stylish eco-friendly Pick n Pay bag. 20 Jan 2009
Open for dinner
This month, Kauai, the health food company, is testing a new dinner menu at its Green Point store in response to consumer demand for dinner-friendly fare that reflects global food trends. 20 Jan 2009
Local bubbly gets the nod from American aficionados
Stellenbosch wine estate, Simonsig, is paving the way for South African Méthode Cap Classique in the tough USA market with Simonsig Kaapse Vonkel Brut Rosé clinching the venerable 90-point mark in no less than two authoritative wine publications in under three months. 20 Jan 2009
Taxpayers have been given another 15 days to submit their returns - but the extension applies only to those who are using e-filing to submit their returns electronically. 20 Jan 2009
Retailer New Clicks (NCL) reported on Tuesday that its retail sales had increased by 11.1% for the four months ended December 2008. 20 Jan 2009
Although Apple announced this month that some songs sold on its market-leading iTunes online service would be available for 69 cents instead of the 99-cent tag Apple had insisted on for years, the change won't necessarily put more money into the pockets of music lovers. 20 Jan 2009
Gaming industry rakes in record $21bn for 2008
Nintendo's dominance of the console gaming market continued in December, according to sales figures collected by the NPD Group. The Wii set a new monthly record as consumers picked up some 2.15 million consoles in December alone. The good news continued for Nintendo; its portable gaming platform, the DS, also set a one-month sales record with more than 3 million units moving off of store shelves. 20 Jan 2009
Vodacom is likely to participate in a R2bn plan to build a national fibreoptic network, joining its rivals MTN and Neotel in the venture. 20 Jan 2009
Concerns over job application fraud in the United Kingdom prompts massive increase in staff checks. 20 Jan 2009
A new investigation is being launched into alleged price-fixing - this time within the petroleum industry, the Competition Commission announced earlier today. 19 Jan 2009
Swiss based luxury goods group Richemont (CFR) on Monday reported total sales for the three months ended December 2008 were down 7% at €1.552 billion from €1.673 billion in the corresponding period in 2007. Underlying sales decreased by 12% at constant exchange rates. 19 Jan 2009
Retailers need to offer customers more services to make themselves indispensable and work with the government to help solve economic and social woes even as they deal with seismic changes in consumer behavior, industry leaders said Monday. 19 Jan 2009
USA: Shopping online can be a way to find bargains while steering clear of crowds - and sales taxes. 19 Jan 2009
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