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Retail News

LG - new address, new BEE rating
LG Electronics South Africa, moved to its new offices last week and held an official inauguration, presided over by the Deputy Minister of Economic Development, Dr Gwen Mahlangu Nkabinde. It also announced it is now a Level 6 Black Economic Empowered certified company - reportedly a first for a company of its kind in South Africa. 28 Apr 2010
WASHINGTON, US; BERLIN, GERMANY: The main findings of an international comparative study by the Bertelsmann Stiftung on the crisis management and economic governance in 14 countries indicates that many emerging markets have responded more swiftly and successfully to the global recession of 2008/09 than advanced economies. 28 Apr 2010
Popular designer Ephraim Molingoana's dreams of clothing Bafana Bafana for the 2010 Fifa World Cup were shattered after a bungle by team manager Sipho Nkumane. 26 Apr 2010
Apple's long awaited iPad has hit our shores, thanks to an enterprising Internet retailer (Have2Have.co.za) which began importing them directly from the US earlier this month. 26 Apr 2010
SABMiller plans $34m brewery on rival Nambrew's turf
SABMiller said on Friday, 23 April 2010, it would take its battle for market share to the heart of local rival Namibian Breweries (Nambrew) by building a 220000-hectolitre brewery in Okahandja, 70km north of Windhoek. 26 Apr 2010
InterContinental Hotels Group last week opened its seventh hotel in South Africa with the launch of the 158-room Rosebank Holiday Inn. 26 Apr 2010
Bright shades for soccer
Ultra bright colours including yellow, white, blue, red or black on a lightweight aviator style frame, make the 2010 Football shades from Puma Eyewear, the ultimate companion for soccer fans. 26 Apr 2010
Winner of "Hannah Montana Style" design competition
The Disney Channel's viewers, in an online vote, crowned 13-year-old Samantha Lawrence the winner of the nationwide “Hannah Montana Style” T-Shirt design competition on Saturday 24 April 2010. 26 Apr 2010
"Now that we have completed the first quarter of 2010, on reflecting on the same period in 2009 it is evident that at this time last year prospects were extremely bleak whereas currently there is life in the commercial property marketplace, albeit in a weak and still recovering economy,” says Marna van der Walt, CEO of JHI property services company. 26 Apr 2010
SA Dairy Champs say "goat cheese"
The little-known Goat Peter Farm cheese was awarded top honours at the Danisco Qualité Awards dinner in Stellenbosch last week, 22 April 2010, when it earned the highest overall winning score across all categories in the 2010 SA Dairy Championships. Meanwhile, Fair Cape Dairies, manufacturer of Fair Cape free range and Woolworths products under the Dairy Connection name, dominated this year's low fat and fat free yoghurts category whilst also receiving first place in the flavoured milk and dairy dessert categories, scooping 12 awards in total at the annual championships. 26 Apr 2010
A research report, compiled by Profs Carel van Aardt and André Ligthelm of the Bureau of Market Research (BMR) of UNISA, has made calculations on the impact of changes in consumer income on the demand for various consumer products. These calculations, termed the income elasticity of demand, measured the relationship between a change in the quantity demanded of a particular product or service and a change in real income. 26 Apr 2010
Secret to sustainability - supply chain, environmental measures
SAP has embarked on an aggressive 'green' drive, choosing to lead by example and setting itself the ambitious target of reducing its CO2 emissions by the year 2020 to 2000 levels. This is because it believes that the secret to establishing a sustainable business over the long term lies in having clear and auditable access to the status of the supply chain's performance on key environmental measures. 23 Apr 2010
The repo rate is “likely” to remain unchanged for a while, says Reserve Bank Governor Gill Marcus. 23 Apr 2010
Retail centres in Makhado (Louis Trichardt) took top honours at the Auction Alliance property sale on Wednesday, 21 April 2010, with the 40 lots under the hammer fetching good prices. 23 Apr 2010
Retailer Clicks Group on Thursday, 22 April 2010, reported a 24.5% increase in diluted headline earnings per share to 100 cents for the six months to end February 2010 from 80.3 cents a year ago, boosted by the continued strong trading results from the Clicks chain. 23 Apr 2010
While all sectors of business have felt the effects of the economic recession, franchising has managed to weather the storm better than independent businesses. The International Franchise Expo (IFE), which takes place 6-8 May 2010 at the Sandton Convention Centre, Johannesburg, will be the ideal springboard for that recovery. 23 Apr 2010
Based on the National Credit Regulator's (NCR) statistics at end of March 2010, 1642 debt counsellors were registered with it and over 160000 consumers have applied for debt counselling. The monthly payments to creditors by people under debt counselling exceed R160 million. This increased significantly over the past months, from only R11 million in June 2008. 23 Apr 2010
Ola makes soccer cool
Ola has released the new limited edition Ola Moo Goal and Ola Paddle Pop Soccer Fan variants of ice cream. Moo is a vanilla and chocolate flavoured soccer ball ‘Goal' frozen treat, it's high in calcium and lower in fat and sugar than most other treats, preservative free and made from natural colourants. The ‘Soccer Fan' treat is a green and yellow gold fan finger made from a lemonade flavour that is refreshing and fun after a long day of sports and play. 23 Apr 2010
Describing the past year as tough, retailer Pick n Pay on Wednesday reported flat results for the year ended February 2010, with diluted headline earnings per share of 210.62 cents, up just 1.3% from the previous year's 207.89 cents. 22 Apr 2010
Banks must improve customer service
Retail banks need to adopt a customer-centric approach to retain and grow their customer base, consultancy Accenture SA said yesterday, 21 April 2010. 22 Apr 2010
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