Superbalist.com launches its Click and Collect service in time for peak season shopping
14/11/2018 - 16:09
Customers use the service by choosing “Collection” when they check out on the Superbalist website or app. They are provided a pin code via email and sms and take that to their chosen Takealot Pickup Point within 7 days of delivery - orders arrive within 2-4 days of purchase.
What Nestlé’s attempt to trademark the shape of a KitKat teaches us about design
05/11/2018 - 09:12
For many people there is something irresistible about chocolate. But in the hungry rush to make it part of our bodies there is a missed opportunity to meditate on the different gestural experiences chocolate affords.
Builders opens 3 new stores
30/10/2018 - 13:36
Builders is on a continual drive to deliver enhanced customer experiences through innovation within the DIY, Home Improvement and building materials sector. October 2018 has seen the opening of three stores which carry the new Builders aesthetic.
SA brands start the countdown to Black Friday
29/10/2018 - 11:12
The days are getting longer and hotter, suburban South Africans are firing up their braais and the malls will soon be filled with the sounds of Boney M. Yes, it’s nearly time for the festive shopping season, preceded by Black Friday, an imported tradition that South African shoppers have made their own. With a few weeks to go before Black Friday on 23 November, technical goods retailers and manufacturers are scrambling to get ready.
Russia's love affair with chocolate lifts global demand for cocoa
05/10/2018 - 15:43
Swiss chocolate maker Barry Callebaut says Russia has long been the number two chocolate market after the US, and demand started to pick up in 2017 after the rouble stabilised.
SA chocolate wins international award
26/09/2018 - 12:07
South Africa’s very own 100% African chocolate, Afrikoa, recently won at the International Great Taste Awards 2018.
PriceCheck Tech & E-commerce Awards: Meet SA’s best
04/09/2018 - 13:43
The third annual PriceCheck Tech and E-commerce Awards sponsored by Criteo was held last week at Cape Town's Westin Hotel. The event brings together and recognises brands and individuals in e-commerce and technology providing outstanding consumer experiences.
Mondelēz International releases updated pack sizes of Toblerone
27/08/2018 - 09:38
Mondelēz International has unveiled new pack sizes of Toblerone in the UK as it celebrates 110 years of the Swiss chocolate brand.
#WomensMonth: How do women fare in the South African retail market?
15/08/2018 - 09:06
While we focus on women in South Africa during the month of August and honour our constitution for declaring the 9th of August a public holiday; retailers continue to look closely at the overall economic status of women. How liquid is the average women consumer? What does she buy? Does she have the buying power in a household and what does that household look like?
Lindt & Sprüngli invests 1m to expand US chocolate plant
26/07/2018 - 10:04
Chocolate producer Lindt & Sprüngli has announced that it will invest CHF 200 million (1 million) to expand its chocolate production facility in Stratham, New Hampshire.
Supply chain risk management for resilience in grocery manufacturing
25/07/2018 - 16:11
Competitive. That is the one word that certainly describes the modern business environment best and a factor that drives many firms to expand their operations globally for cost-effectiveness.
Millennials still prefer in-store experience
23/07/2018 - 14:57
Millennials still prefer to shop in-store compared to online despite the high street’s woes, according to the largest ever fashion study conducted in the age group.
Robots will replace humans in retail, says China's JD.com
18/07/2018 - 09:45
Chinese e-commerce company JD.com predicts robots will eventually replace human workers in the retail industry.
Jacobs Douwe Egberts launches sustainability project in Vietnam
13/07/2018 - 08:24
Jacobs Douwe Egbert’s (JDE) has partnered with the Louis Dryfus Company (LDC) and Syngenta to launch a new sustainability project which aims to reduce the impact of climate change on coffee production in Vietnam.
Trade wars turn up the heat on local consumers
11/07/2018 - 09:24
South African consumers face more pain from potential global trade wars and fuel increases, global payments company Mastercard said in a statement.
Edgars parent to close Boardmans, La Senza and other chains in recovery plan
06/07/2018 - 07:39
Edcon Holdings’ latest recovery plan includes closing chains including Red Square cosmetics and La Senza lingerie and attempting to lure their customers to its flagship Edgars clothing stores.
The SACSC announces new president
29/06/2018 - 13:11
Property sector stalwart Stephan Le Roux has been appointed as the new South African Council of Shopping Centres (SACSC) president.
Designing a resilient grocery supply chain
22/06/2018 - 11:01
Supply chains are wonderful systems. Meticulously planned and managed to efficiently and effectively facilitate the flow of goods, services, information and cash between entities when, out of nowhere, supply chain risks and disruptions stick their heads out and muddle up the system.
Spar turns its problem Swiss acquisition profitable
30/05/2018 - 08:43
South African sales would have been higher were it not for the listeriosis outbreak, CEO Graham O’Connor says.
Majority of SA online shopping is done at the office
18/05/2018 - 14:48
More men buy goods online than women in SA and peak shopping time happens during working hours.
Distell and Capevin to complete merger
15/05/2018 - 14:17
The long-standing holding company structure between Capevin and liquor brands giant Distell will officially be dismantled at the end of May.
Nestle to pay.15 billion to Starbucks in coffee tie-up
07/05/2018 - 08:56
Nestle is set to pay Starbucks.15 billion as part of a global coffee alliance in which the Swiss-based food giant is getting the rights to market the U.S. coffee company’s products around the world outside Starbucks’ coffee shops.
Decrease in pork price makes it top pick for consumers
04/05/2018 - 09:52
With the continued decrease in the price of pork whilst other meats trend higher, consumers who are feeling the pinch are most likely to settle for pork as an alternative.
Maerua Mall celebrates all moms this May
03/05/2018 - 09:50
This May, Maerua Mall celebrates Mother’s Day – the time of year we honour and thank the moms who changed us, clothed us, fed us, put band-aids on our ‘einas’, taught us the difference between right and wrong, and sacrificed their own comfort and happiness to make our lives better.
FMCG suppliers neglecting the importance of the last 50 yards in the shopper journey
01/05/2018 - 12:02
Too many FMCG suppliers still fail to understand the difference between the consumer and the target shopper, neglect the importance of the last 50 yards in the shopper journey and, as a result, are missing out on shopper conversion opportunities at the point of purchase.
Momentum builds for Pick 'n Pay's own label
23/04/2018 - 08:51
The retailer has set its sights on 30% own-product penetration as it builds a supplier base.
Cocoa industry under attack for failing to act on child labour
20/04/2018 - 08:31
The cocoa industry is nowhere close to meeting its commitments to reducing child labour and environmental degradation and, in the top growers, the number of children working to produce the chocolate ingredient is actually increasing, according to a report.
Oreos to be made exclusively from sustainable cocoa
18/04/2018 - 14:31
Mondelēz has committed to using only sustainable cocoa in the production of its Oreo biscuits from the end of March onwards.
Woolworths and MySchool shine light on literacy in SA
16/04/2018 - 11:38
Every festive season, Woolworths and MySchool MyVillage MyPlanet embark on a special drive to raise funds in order to make a meaningful life-long impact on children in need. Over December 2017, for the second year in a row, they raised funds for Shine Literacy.
Amazon Fashion prioritising high-value inventory
28/03/2018 - 11:29
Amazon's U.S. Fashion website offers more than 880,000 products across almost 2,800 brands for both men and women. But a majority of the marketplace's sales are still from third-party sellers, as just 13.7% of products are sold by Amazon. And Amazon's focus for its first-party inventory appears to be on higher-end fashion, according to recent aggregated data.
Nestle launches new chocolate bar using sugar-reduction technology
28/03/2018 - 08:49
The food giant Nestle unveiled its first chocolate bar that showcases the company's new sugar reduction technology.
Asda launches first ‘Free From’ chocolate bunny for Easter
22/03/2018 - 14:14
Asda has introduced its first new Free From Choc Easter Bunny, becoming the first supermarket to introduce a vegan, gluten, wheat and dairy free bunny to the UK market.
Embrace cross-border e-commerce, says DHL
15/03/2018 - 09:04
Cross-border retail volumes are predicted to increase at an annual average rate of 25% between 2015 and 2020.
SA's instant coffee market sees bitter war for market share
13/03/2018 - 09:58
Nescafé, Ricoffy and Frisco are at war – which means cheaper prices for instant coffee drinkers.
Woolworths pins its hopes on the Ramaphosa effect
23/02/2018 - 08:59
Woolworths has pinned its recovery on SA’s new political leadership under President Cyril Ramaphosa as the retailer’s woes have prompted it to cut its interim dividend for the first time in eight years.
Tiger Brands’ shares fall after it warns of declining revenue
21/02/2018 - 11:06
Fast moving consumer goods group says meaningful recovery depends on an improvement in the consumer environment.
Illovo appoints Boomtown for research project
21/02/2018 - 09:57
Africa’s biggest sugar producer, Illovo, has appointed Boomtown for a consumer research project.
Retail disruptors - debunking the myths
20/02/2018 - 15:32
The success of retail disruptors lies in their delivering a top-notch customer experience as opposed to making over-investments in hot technologies.
How to build and establish trust with customers globally
19/02/2018 - 14:12
The relationship you establish with your consumers is vital, especially when it comes to understanding how they are engaging with your brands. A survey by SAP Hybris, takes a look at what makes a relationship work between a brand and its consumers.
Dis-Chem revenue increase driven by store roll-out
16/02/2018 - 10:15
Dis-Chem’s revenue for the 22 weeks to February rose 13.1% to R8.5bn despite it battling increasing competition in a weak economic climate and labour issues.
African coffee output may almost double in five years as farming improves
15/02/2018 - 14:33
African coffee output could almost double in the next five years as some countries boost plantings and make farming more productive, according to the African Fine Coffees Association.
Portugal sees 4% FMCG growth in 2017
06/02/2018 - 14:22
Portugal’s FMCG market grew by 4.2% in 2017, with similar increases seen in sales of manufacturer brands (+4.3%) and private-label goods (+4.2%).
Shoprite’s Disaster Relief Fund to be used exclusively for water relief
06/02/2018 - 09:34
As parts of the Western, Eastern and Northern Cape remain in the grips of the worst drought in a century, the Shoprite Group has heeded the call of South Africans to help Cape Town and other communities that will soon be left without water through its till-point donation facility.
Budweiser symbol reveals if beer is made using renewable energy
25/01/2018 - 07:52
AB InBev aims to brew all of its Budweiser beers using 100% renewable electricity by 2025 as it unveils a new symbol on its packaging that indicates when the beer is made using green energy.
AVI expects stronger rand to lift earnings
24/01/2018 - 08:20
Consumer brands group AVI expects a rise in half-year earnings lifted by a stronger rand
Sainsbury's joins ban on energy drink sales to under 16's
22/01/2018 - 16:09
UK supermarket Sainsbury’s has become the latest UK retailer to ban the sale high-caffeine energy drinks to under 16s.
Global avocado sales expected to double in 2018
19/01/2018 - 16:04
Global avocado sales are expected to double this year, boosted by growing demand in China, according to the world's largest distributor of the fruit.
Colman's Mustard could cut ties with Norwich as Unilever mulls closure
05/01/2018 - 13:37
Colman’s Mustard could be on the brink of severing its historical links with Norwich after Unilever said it was reviewing the future of its factory in the city.
Sugar tax effect smaller than thought, says Pioneer Foods
21/12/2017 - 14:29
The health promotion levy, or sugar tax, will not be as negative for beverage producers as has been initially expected, Pioneer Foods says in its latest integrated report for 2017.
Transpaco to buy FPM’s packaging business
19/12/2017 - 13:36
Paper and plastic packaging group Transpaco says it will buy Future Packaging and Machinery (FPM) for up to R105m.
SA goes cold turkey as retailers battle to source traditional fare
12/12/2017 - 09:45
SA retailers battle to source traditional fare for the festive season.
Chocolate sales in Portugal to surpass €200 million in 2017
06/12/2017 - 14:41
Chocolate sales in Portugal are set to exceed €200 million in 2017, representing growth of between 3% and 5% on 2016, according to Associação dos Industriais de Chocolates e Confeitaria (Association of Chocolatiers and Confectioners).
Shoprite renovates safe house for 21 children
04/12/2017 - 14:00
Emma Makhatini’s residence in Blue Downs, also known as the Ethembeni Educare & Children’s Care Centre, is home to 21 children who call her ‘mommy’. As a widowed pensioner, Makhatini could not afford to upgrade her security, which put her at risk of losing her Department of Social Development (DSD) registration.
Why FMCG brands should target consumers with small format OOH
30/11/2017 - 11:40
When it comes to marketing FMCG products, one would presume that virtually every consumer is a target and that the brand communication is going to reach those targets across the entire demographic spectrum.
Nestle, Cuba lay first stone for million coffee and biscuit factory
29/11/2017 - 10:26
Cuba and Swiss firm Nestle laid the first stone of a million coffee and biscuits factory joint venture in the Mariel special development zone, the latest major foreign investment in the Communist-run island.
Emerging markets show ‘tremendous’ growth in chocolate
28/11/2017 - 13:47
With "tremendous" demand in emerging markets looking set to continue this season, the world’s third-largest cocoa processor is projecting a sharply smaller global surplus.
Tiger Brands eyes Africa expansion
28/11/2017 - 10:39
Tiger Brands was looking for acquisitions outside SA and would place more emphasis on due diligence than in the past, management said on Monday.
Tiger Brands hit by strikes and tough market conditions
27/11/2017 - 09:07
Strikes, a shrinking market and aggressive competition in the snacks and treats sector were among the reasons Tiger Brands gave for flat sales and lower profits for its 2017 financial year.
Green shoots visible for Tongaat after devastating drought
13/11/2017 - 12:05
Tongaat Hulett, SA’s largest sugar producer, is starting to see the positive effects of the end of a devastating drought that hit its operations in KwaZulu-Natal, Zimbabwe, and Mozambique.
PriceCheck partners with Reckitt Benckiser
08/11/2017 - 16:32
Africa’s largest product discovery and comparison service, PriceCheck has announced its most recent effort to provide South Africans with a variety of product options at the best prices - partnering with Reckitt Benckiser, the British company behind Durex condoms, Nurofen tablets and Dettol cleaners.
CA Sales the third counter on 4AX
08/11/2017 - 15:20
CA Sales made its debut on the 4 Africa Exchange (4AX) on Tuesday, becoming the third company to list on the exchange.
Heinz Foods SA to become wholly owned subsidiary of Pioneer
07/11/2017 - 08:52
US multinational Kraft Heinz is selling its 50.1% stake in its South African operations to joint-venture partner Pioneer Foods for an undisclosed amount.
Mondelēz posts 2.1% revenue increase in third quarter
31/10/2017 - 15:42
Confectionery giant Mondelēz International has recorded revenues of,530 million in the third quarter of the year, representing growth of 2.1% compared to the same period in 2016.
How brand giant Unilever uses consumer-generated content
27/10/2017 - 09:12
For a corporation as huge as Unilever - the firm has 400 brands and turned over €52.7 billion last year - it’s hard to imagine more customer reviews of its mayonnaise or cotton bud products making a huge difference to its bottom line.
AVI shares jump on news of possible asset sales
27/10/2017 - 08:48
Fast-moving consumer goods group AVI’s share price rose 4% to R98.45 on Thursday morning, after AVI announced the potential sale of some of its businesses.
Producer inflation springs an unpleasant surprise
26/10/2017 - 16:17
Producer prices accelerated even faster than expected in September, adding to the growing expectation that the Reserve Bank will not cut interest rates when it meets in November.
Shoprite prepares to control Ugandan retail market
25/10/2017 - 15:33
As Nakumatt Holdings Limited struggles for a lifeline in a financially-constrained market, Shoprite supermarket is adopting a new expansion plan to boost its presence.
The great textile turnaround
11/10/2017 - 09:33
Earlier in 2017, Minister in the Presidency for Planning, Monitoring and Evaluation Jeff Radebe highlighted the textile and clothing industry as one of the sectors where the economy could most effectively be bolstered.
Global cocoa mountain shrinks as Asia hankers after chocolate
06/10/2017 - 16:07
Chocolate lovers in Asia are taking a big bite out of the global cocoa glut.
I Coast freezes cocoa farmer prices due to falling rates
03/10/2017 - 12:05
Ivory Coast, the world's top cocoa grower, on Sunday set its minimum rate for farmers at 700 CFA francs per kg for the 2017-18 crop, a steep drop over the previous year, due to falling global prices.
Hunt in Poland pays off again for Bounty
29/09/2017 - 11:01
Bounty Brands, the fast-moving consumer goods business with plans to list on an international bourse and the JSE, has made another acquisition in Poland.
Shoprite opens 14 new stores, creates 820 new jobs in one week
28/09/2017 - 14:55
The Shoprite Group created more than 820 new job opportunities with the opening of 14 new stores across 6 different provinces in South Africa.
Biggest cocoa growers seek larger slice of chocolate profits
21/09/2017 - 16:00
The world’s biggest cocoa-growing nations in West Africa are targeting a larger slice of chocolate-making profits as most of the benefits of producing beans accrue outside their economies, Ghanaian President Nana Akufo-Addo said
Marketers fear data quality is hurting digital ads
19/09/2017 - 16:08
Relevant, personalised messages are key to driving engagement, yet the quality of sourced data is negatively impacting results.
AVI’s full-year HEPS rise in line with guidance
11/09/2017 - 11:17
Food producer AVI has reported a 9.4% rise in full-year headline earnings per share (HEPS) to R5.08, which was in line with its recent guidance.
Shoprite investors approve R1.7bn repurchase of Whitey Basson’s shares
05/09/2017 - 14:43
Shoprite shareholders voted in favour of the purchase of about R1.75bn of shares from former CEO Whitey Basson, enabling Africa’s largest food retailer to buy at a discount to the current share price.
European grocery market grows at fastest rate in three years
04/09/2017 - 14:38
FMCG sales in Europe rose by 3.7% in the second quarter of 2017, the highest level for three years, according to new data from Nielsen.
Premier Foods signs partnership with Mondelēz for Cadbury cakes
01/09/2017 - 12:12
British food manufacturer Premier Foods has announced that it signed a strategic partnership with Mondelēz International to renew the company's licence to produce and market Cadbury cakes and desserts.
Edcon returns to profit in June quarter
21/08/2017 - 08:36
SA’s largest clothing and footwear retailer Edcon swung into a trading profit in the first quarter of its new financial year despite a deterioration of the operating environment, says CEO Bernie Brookes.
Spree wins CXA Digital Innovator Award for first image search shopping feature in Africa
18/08/2017 - 10:18
The judges for the 2017 Customer Experience Awards (CXA) recently announced that online fashion retailer, Spree has won the Digital Innovator Award for its launch of the first image search shopping feature in Africa.
Canada's Aldo Group in deal to create new footwear giant
04/08/2017 - 15:37
Another retail sector continues to consolidate.
How to create a customer journey map
01/08/2017 - 10:28
The output of the customer journey mapping process is the map itself – a practical and visual document that should be able to communicate a number of things.
New Coca-Cola CEO James Quincey delivers strong results
28/07/2017 - 11:22
Coca-Cola’s profit, in its first quarter under new CEO James Quincey, beat analysts’ estimates on higher demand for its healthier non-carbonated beverages as well as low- and no-sugar versions of its sodas.
Lindt & Sprüngli sees group sales rise 3.1% in first half
27/07/2017 - 16:15
Confectionery firm Lindt & Sprüngli has posted a group sales increase of 3.1% to CHF 1.55 billion in the first half of its financial year.
AVI grows full-year revenue after lifting prices
25/07/2017 - 12:17
Food producer AVI grew its revenue 8.2% in the year to June, after increasing selling prices to mitigate against the effect of a weaker rand, which inflated input costs.
Rémy Cointreau posts 8% organic growth in first quarter
24/07/2017 - 09:57
Drinks giant Rémy Cointreau has posted organic growth (at constant currency levels) of 8.0% in the first quarter of its financial year, driven by a strong performance by its group brands (+12.3%).
Why you need to put yourself in your customers’ shoes…or pants…or jackets
21/07/2017 - 09:29
The growing number of customer touchpoints has made creating and implementing effective marketing strategies harder than ever. In fact, Hubspot's State of Marketing 2017 shows only 61 percent of marketers believe their marketing strategy is effective. This means that 39 percent of marketers are deploying ineffective strategies.
Tesco rolls out contactless loyalty cards
18/07/2017 - 13:15
Tesco has started introducing contactless loyalty cards to customers.
Amazon sets sights on new retail segment
18/07/2017 - 09:06
The online giant has submitted a trademark application that will enable it to enter the meal kits business. The move will directly rival meal kit provider Blue Apron, according to CNBC.
Coca-Cola Beverages Africa acquires Equator Bottlers
07/07/2017 - 08:56
South Africa-headquartered Coca-Cola Beverages Africa Proprietary Limited (CCBA) and Africa’s largest Coca-Cola bottler - announced today that it has concluded negotiations to acquire Equator Bottlers, the third largest Coca-Cola bottler in Kenya.
CCBSA to lift production at Appletiser 82%
27/06/2017 - 16:23
Economic Development Minister Ebrahim Patel received a first-hand view of local benefits flowing from the creation of Coca Cola Beverages SA (CCBSA) when he visited the Appletiser plant in Elgin.
Uptick in April retail sales figures ‘not sustainable’
15/06/2017 - 13:09
Despite a grim performance in the first quarter, SA’s retail sector surprised on the upside in April, though depressed consumer confidence is expected to keep retailing constrained.
The Body Shop to be sold in billion deal
12/06/2017 - 10:19
It appears that L'Oreal has settled on a buyer for The Body Shop.
Edcon shuts stores in bid to save sales
29/05/2017 - 15:35
Edcon shuts some doors to ward off retail cannibalisation.
Grant Pattison to lead Edcon from June
26/05/2017 - 15:34
Current CEO Bernie Brookes’s contract, which was to expire in September, has been extended until the end of January 2018.
40% of online grocery purchases in UK made on mobile
23/05/2017 - 09:47
About 40 percent of all online grocery purchases made in the United Kingdom are done using a mobile phone. Online grocery shopping in the UK is also quite popular, as 7 percent of all grocery shopping is done online. That’s more than Spain, the Netherlands and the Czech Republic combined.
Wal-Mart earnings dip but sales rise at its US stores
19/05/2017 - 15:42
New York — Wal-Mart Stores scored another increase in sales at its US Walmart stores according to first-quarter results released on Thursday, but earnings dipped on higher expenses.
Tesco introduces shopping filter app for customers with diets and intolerances
17/05/2017 - 15:06
British retailer Tesco has announced a partnership with Spoon Guru to help its customers with specific diets and tastes to quickly and easily find suitable food when shopping.
Astral slashes interim dividend as it battles high input costs
15/05/2017 - 09:16
Poultry producer says the results were due to its inability to recover record high feed prices and a loss in sales volumes ‘under extremely difficult market conditions’
FMCG suppliers need to become master storytellers to succeed with grocery retailers
11/05/2017 - 14:14
With retail multiples looking to downsize their ranges, especially in the context of cost price negotiations prompted by recent currency fluctuations, FMCG suppliers need to become master storytellers to remain competitive.
Amazon continues brick-and-mortar push
09/05/2017 - 17:04
The nation’s capital has been added to the list of cities that will soon feature an Amazon Books store.
Premier Foods agrees deal with Mondelēz to renew Cadbury marketing license
08/05/2017 - 13:06
Premier Foods has revealed an agreement with Mondelēz International to renew the company’s licence to produce and market Cadbury branded goods in new potential markets in the likes of China, India and Japan.
Google’s latest tool aims to help retailers find new customers
05/05/2017 - 15:59
Google recently rolled out similar audiences for search and Google Shopping, which enable merchants to find consumers similar to their existing customers.
New retail report reveals South Africa's most customer-centric retailers
26/04/2017 - 12:20
A recent survey conducted by the global leaders in customer science, dunnhumby, titled the Customer-Centricity Index (CCI) reveals that South Africa’s most successful apparel retailers are those with a high focus on ‘customer-centricity’ defined as focusing on creating a positive customer experience by placing your customer in the centre of your retail decisions. According to the recent study, the local retailers that scored the highest on their overall customer-centricity score include Fabiani, Woolworths, H&M, Miladys, Markham, Cotton On and Mr Price.
Walmart in talks to purchase another online fashion retailer
18/04/2017 - 10:41
Walmart reportedly is about to make its fourth e-commerce acquisition in seven months as the chain continues to beef up its online arsenal and fashion offerings against Amazon.
FMCG growth soft in China but online trade outperforms
11/04/2017 - 14:18
The growth in FMCG sales remained soft over the Chinese New Year (CNY) period, according to the latest figures from Kantar Worldpanel.
Tesco to report a return to financial health
11/04/2017 - 10:58
After £6.4bn loss two years ago the supermarket chain is set to announce bigger than expected jump in profits.
SA's economy must change‚ says Gigaba
10/04/2017 - 09:36
Call it radical or accelerated economic growth but it all boiled down to inclusive growth‚ new Finance Minister Malusi Gigaba said in Pretoria last week.
Astral Foods’ earnings to be lower, but still better than expected
04/04/2017 - 15:50
Astral Foods’ headline earnings per share (HEPS) for the six months ending March 31 will be between 50% and 60% lower than that for the previous comparable half-year, but better than the group expected in an earlier trading statement.
Pernod Ricard wins Randstad Award for 'Most Attractive French Company'
31/03/2017 - 10:13
Pernod Ricard has been named the ‘Most Attractive French Company for People Aged 18-24’ following a survey conducted by market research and market information group, Kantar TNS.
Manufacturing sector confidence falls on policy uncertainty
28/03/2017 - 13:53
Policy uncertainty continues to affect the manufacturing sector, rattling business confidence.
Cadbury warns Brexit may cause chocolate bars to shrink
28/03/2017 - 10:33
First it was the shrinking of the Toblerone bar. Now, Cadbury's has announced that it has to pare down the size of its chocolate or raise prices, after Brexit.
A beginner’s guide to marketing attribution in an omnichannel world
24/03/2017 - 16:27
Attaining the attention and loyalty of today’s always-on, distracted customer is becoming a significant challenge for businesses as they compete in a highly mobile and digitised marketplace. According to Aberdeen Group Inc., companies that have a strong omnichannel customer engagement strategy in place retain nine in 10 of their customers (89%), compared to only a third for companies that do not (33%).
Instagram to roll out shopping feature after successful trial
24/03/2017 - 16:11
Instagram has announced plans to roll out its shopping options within the image-sharing app.
Astral and RCL shares soar after crackdown on Brazilian meat imports
23/03/2017 - 13:30
The share prices of South African chicken producers Astral and RCL soared on Thursday following the government’s crackdown on Brazilian meat imports.
Unilever reviewing options for change after Kraft bid fails
24/02/2017 - 15:50
Unilever started a strategic review of its operations and boosted its profitability forecast, taking steps to speed up shareholder returns after Kraft Heinz Co.’s failed 3 billion takeover proposal.
Three Spar stores opened in Azerbaijan capital
21/02/2017 - 10:18
The capital city of Azerbaijan, Baku, was host to the grand openings of three new Spar stores at the end of 2016, Spar International has announced.
Kraft walks away from 'friendly' bid for Unilever
20/02/2017 - 10:17
U.S. food company Kraft Heinz Co (KHC.O) withdrew its proposal for a 3-billion merger with larger rival Unilever Plc (ULVR.L), the companies said on Sunday, raising questions about whether Kraft will turn its focus to another target.
Amazon files patent for parachute-aided drone deliveries
16/02/2017 - 12:15
Amazon has filed a patent for its drones to deliver online purchases with the aid of parachutes.
SA shoppers feel the love on Valentine's Day
14/02/2017 - 23:04
South African shoppers feel the love on Valentine’s Day, spending more than ever on the romantic day of the year.
Supporting the success of a home-grown South African Spaza economy
06/02/2017 - 15:20
Since the mid-1970s and continuing into the present day, spaza shops have not only been the backbone of South Africa’s township economy, but they are the most visible and vivid scenery depicting the vibrancy of township life. They are symbols often illustrating the dichotomy in South Africa’s economy. These make-shift retail spaces in residences often stands in stark contrast with consumer landscapes of the formal economy such as malls.
Mondi CEO to retire in May
01/02/2017 - 12:13
Cape Town - Mondi Group CEO David Hathorn informed the boards of his decision to retire and Peter Oswald, executive director and CEO of the Europe & International Division, will succeed him on 11 May at the AGM.
Tru-Cape getting a bigger piece of the cherry pie
30/01/2017 - 15:28
Despite Ficksburg's self-proclaimed position as South Africa’s Cherry Capital, the Free State might soon have to fight for its crown as Ceres in the Western Cape is increasingly getting a bigger piece of the cherry pie.
Shoprite profits come roaring in
30/01/2017 - 14:22
Despite a tough local market, Shoprite has edged its rivals and its rest of Africa play is going swimmingly
Walmart settles same-sex spouse benefits discrimination suit
09/12/2016 - 11:50
Walmart has agreement to a settlement in a lawsuit that accused the retailer of discrimination against gay employees who were unable to get healthcare coverage for their same-sex spouses.
Pernod Ricard champagnes awarded for sustainability
21/11/2016 - 10:17
The French ministry for agriculture has awarded the Pernod champagne brands G. H. Mumm and Perrier-Jouët Haute Valeur Environnementale classification, reflecting the sustainable development measures implemented in their production.
Vasari concludes acquisition of KWV, takes aim at strategic growth opportunities
14/10/2016 - 14:51
Johannesburg, South Africa – 14 October 2016: Vasari, a leading consumer-focused investment group has completed the acquisition of South African wine and spirits producer KWV Group’s operational assets for ZAR1.15 billion. The acquisition, announced in May 2016 was finalised after securing overwhelming shareholder support and a nod from the South African Competition Commission.
Retail industry ‘has growth potential’
05/10/2016 - 09:00
STRETCHED consumers with reduced disposable income are not unique to SA’s retail sector, says Raam Ratnam, S&P Global Rating’s senior director for corporate ratings for retail companies. But pressure on credit spend is a significant local risk.
Target chief digital officer exits abruptly
27/09/2016 - 10:52
Jason Goldberger, Target Corp.’s chief digital officer and president of Target.com, has left the company "effective immediately" after being the first to take on the newly created position in May, according to the Minneapolis Star Tribune.
Grand Parade Investments weathers ‘perfect storm’ for consumers
13/09/2016 - 11:32
GRAND Parade Investments (GPI), the casino operator that is diversifying into the food sector with brands such as Burger King, reported headline earnings per share (HEPS) of 1.99c for the year to end-June, down from 10,53c a year ago.
Burberry crowned leader in sustainability
09/09/2016 - 08:55
Burberry has been named the industry leader in sustainability by the 2016 Dow Jones Sustainability Index (DJSI).
PayPal and Mastercard expand partnership
08/09/2016 - 10:13
PayPal and MasterCard announced an expansion on their existing partnership that will enhance the consumer experience making MasterCard a payment option within PayPal. It will also enable MasterPass as a payment option for Braintree merchants and expand PayPal’s presence at the point of sale.
Packaging industry needs to be ready for 2017 boom
06/09/2016 - 16:02
A few decades ago, packaging companies needed more tons of machinery to produce the output that they do today. Back then, the more heavy machinery they had, the more value was produced. Now, things are done differently; with less material. The difference is information.
Growing exports help widen trade surplus to R17.4bn
02/09/2016 - 14:35
EXPORTS grew faster than imports in the first seven months of 2016, driven largely by a weak rand, leading to a R17.4bn surplus compared with a R24.7bn deficit over the same period last year.
Why your marketing strategy needs infographics
01/09/2016 - 11:50
Johannesburg, South Africa – September 1, 2016 – High-quality infographics are far more likely to be read and shared than text-based content, giving them greater virality and making them a popular marketing tool. However, they need to be thoroughly researched, meticulously written and skilfully designed to be effective and boost brand visibility.
The FMCG products with huge growth potential in Africa
17/08/2016 - 12:26
No consumer market anywhere is the world is exempt from the demand for fast moving consumer goods (FMCG). In Africa, the demand for better quality and more sophisticated products and brands is increasing as populations grow and living standards improve.
Massmart slips back despite strong forecast
16/08/2016 - 08:49
MASSMART’s share price was hit by profit-taking on Monday after the retailer released an interim trading statement, in which it said earnings were expected to grow strongly despite a marked slowdown in the local economy.
KWV to weigh options after asset sale
01/08/2016 - 10:39
SHAREHOLDERS in unlisted liquor group KWV Holdings will not taste a rich special dividend anytime soon.
Starbucks Mobile Pay explodes in popularity, next step suggestive selling
27/07/2016 - 15:50
Ordering by phone is proving to be popular with coffee drinking customers. Starbucks Mobile Order and Pay usage reached 5% of U.S. transactions in the third quarter 2016, up from 4% in Q2.
Top 10 most profitable retailers, 2016
20/07/2016 - 16:01
Forget revenue, store counts, online traffic, etc. — if you want to know who is succeeded in retail just look at the bottom line — it is all about turning a profit. Here is a quick look at the top 10 retailers on the list:
Hershey going bigger in Times Square
20/07/2016 - 10:09
The Hershey Company is moving its popular store in Manhattan’s Times Square to a much larger location.
Menlyn Park Shopping Centre becomes environmentally friendly
15/07/2016 - 12:49
Coveted Green Star rating awarded to Menlyn Park Shopping Centre Pretoria, 15 July 2016 – The extension of Menlyn Park Shopping Centre in Pretoria has been awarded a 4-star Green Star Retail Design rating by the Green Building Council of South Africa (GBCSA) for the substantial effort undertaken to develop their first building phase, on environmentally friendly design and construction principles. This forms part of the R2 billion redevelopment of the centre, which began in 2014. Due for completion in November this year, the shopping centre will become the largest centre in Africa, with over 500 shops and a trading area of 170 000m2 on offer.
New stores add to Cashbuild’s revenue and customer base
14/07/2016 - 09:39
CASHBUILD’S revenue jumped 9% in the fourth quarter to June from the previous financial year, with 20 new stores opening since the beginning of July 2014, contributing a 3% increase.
Your chocolate gets smaller but pricier
13/07/2016 - 15:59
CONSUMERS are getting less bang for their hard-earned bucks as manufacturers downsize their products to contain costs. Prices, however, have remained the same and, in some cases, increased.
EU pays the price for messing with British law and traditions
08/07/2016 - 08:51
Brexit is the consequence of a clash of fundamental legal/philosophical values that are not visible to the casual observer. Deep-seated values that represent part of the British constitution which is made up of the freedoms of individuals determined by the courts and by generally accepted conventions.
The Future of Media to shine the light on digital media technology
07/07/2016 - 15:19
Johannesburg, Thursday, 07 July 2016 : “Before the 2016 Future of Media Conference has even kicked off, it’s clear that the South African market is champing at the bit in anticipation of the opinions and insights of industry leaders operating in the digital environment,” says Trevor Ormerod, GM Group Sales & Marketing at Times Media, ahead of the annual Future of Media Conference being held in Sandton on 21 July.
New York grocer reaches out to customers
05/07/2016 - 14:07
With 15 regional stores, New York-based Fairway Market needs to compete with larger rivals on quality of experience.
New Consumer Goods and Retail Industry Study Reveals Need to Rethink the Value Chain
29/06/2016 - 15:50
The Consumer Goods Forum and Capgemini call for needed industry change to secure long-term, sustainable growth; Existing value chains must evolve to consumer-driven value networks
Special Sessions keynote presentations by Accenture, ECOLAB, IRI and Nielsen
29/06/2016 - 14:41
There was a host of special sessions at the Consumer Goods Forum Summit which covered issues from surviving the third era of digital and the ‘Internet of Things’ to ‘End-to-End Value Chain’ and navigating the new retail agenda. Key speakers included Mark Curtis, Chief Client Officer and co-Founder, Fjord, who described the trends and key success elements for brands willing to succeed in the digital space, and Steve Matthesen, Global President of Retail Vertical, Nielsen, who elaborated on consumers’ perspectives to explain the “why behind the buy."
How New Circular Economy Legislation Can Help Transform the Way We Do Business
29/06/2016 - 12:22
One of the biggest challenges facing companies today is how to make their business models sustainable while promoting growth and profitability. In this age of globalisation, with huge demands on land, water, food, raw materials and energy, we cannot continue with a linear economy that in essence creates, uses and disposes, assuming resources are unlimited. A different approach is needed.
The Consumer Goods Forum: Who they are and what they are about
29/06/2016 - 10:46
The Consumer Goods Forum is the greatest convener of the consumer goods industry across the globe. Their mission is to improve industry efficiency, build consumer trust, and advocate for practices that improve the world at large. They not only address issues facing retailers, but the entire value chain, from manufacturing to advertising. The recently celebrated their 60th anniversary of the Global Consumer Goods Summit held in Cape Town on 13 – 16 June 2016.
Consumer Goods Forum Global Summit Cape Town June 2016 - Fastmoving Review
29/06/2016 - 09:36
This year the Consumer Goods Forum hosted their 60th Global Consumer Goods Summit in Cape Town from 13 – 17 June 2016. It was a milestone year, because not only was it the 60th anniversary, it was the first time the Global Consumer Goods Summit was held on the African continent.
Nestlé shares advance as CEO presages shakeup
28/06/2016 - 11:46
Genever - Nestlé SA rose the most in more than four months as investors welcomed the surprise appointment of Fresenius SE’s Ulf Mark Schneider as successor to chief executive officer (CEO) Paul Bulcke.
Beer deal: AB InBev clears hurdle in SA
27/06/2016 - 08:43
Johannesburg - Anheuser-Busch InBev cleared a hurdle toward gaining approval for the brewer’s takeover of SABMiller in South Africa as the country’s Food and Allied Workers Union said it will take no further part in the regulatory approval process.
Huge grocery retailers show rising confidence in SA’s small businesses
23/06/2016 - 08:34
SMALL, medium and micro-sized enterprises (SMMEs) in the grocery retail sector are reaping the rewards of big investments by dominant players in the industry, such as Massmart and Pick n Pay.
South Africa to cut time to register new businesses, Rob Davies
22/06/2016 - 13:56
Issues impacting retailers, manufacturers under the spotlight at The Consumer Goods Forum Global Summit in Cape Town, 15 to 17 June
Grocery retailing: Navigating the in-store digital divide
09/06/2016 - 14:57
Grocery and other retailers in South Africa are still dramatically underestimating the impact that the onslaught of digital is having on the industry.
Scourge of cybercrime hits Africa, leaving unprepared companies highly vulnerable
09/06/2016 - 13:08
Cybercrime has become a global epidemic from which Africa has not been spared, leaving companies counting losses, which range from money to credibility.
Digital disruption to top CEO agenda at 60th CGF Global Summit
01/06/2016 - 00:00
Cape Town, 31 May 2016 – The Consumer Goods Forum (CGF) has announced that in just over two weeks, Cape Town will play host to scores of CEOs from the world’s most influential consumer and retail brands. The CGF Global Summit, expected to draw more than 800 delegates from over 365 companies from 40 countries, will take place at the Cape Town International Convention Centre from 15 to 17 June 2016.
Get ready for Starbucks drive-through's in South Africa
25/05/2016 - 14:33
Starbucks SA brand owner, Taste Holdings, is basking in the warm response the coffee chain has had since its local launch in April – and has detailed its plans for the franchise moving forward.
Togo’s chocolate surge a sweet deal for farmers - UK
16/05/2016 - 15:50
London - Organic, fair trade chocolate has proved popular in recent years, especially with ethically minded Western consumers keen to give cocoa farmers around the world a better deal.
Shoprite’s success lies in close ties with suppliers
22/04/2016 - 12:34
Every year, in the third or fourth quarter, Shoprite has a tradition of honouring its top suppliers, which have clung to the tailcoats of the retailer as it invaded several lucrative African markets on its way to dominating food retailing on the continent.
Hedging policy helps AVI grow earnings
14/03/2016 - 09:46
Diversified consumer brands company AVI is looking beyond the economic slump, and has almost tripled its war chest by raising its debt facilities to R1.5bn.
The world is divided on immigration - WIN/Gallup International’s Global Poll
04/03/2016 - 11:23
Over half (57%) of the world think that immigration of foreign workers is a good thing for their country and 32% believe it is a bad thing, according to WIN/Gallup International’s Global Poll on immigration.
Sears Holdings to accelerate closure of unprofitable stores - USA
10/02/2016 - 10:22
A combined 7.1% same-store sales decline at Sear and Kmart stores in the fourth quarter has parent company Sears Holdings vowing to undertake a wide range expense reduction and cash generating moves, including more store closings and asset sales.
Cape Town to get first Dunkin’ Donuts outlet
29/01/2016 - 11:31
This country’s first Dunkin’ Donuts store will open in Cape Town by late June.
Resilient leaders chase growth despite tough climate
15/12/2015 - 13:49
Despite some of the harshest economic and business conditions being felt for some time now, a survey has revealed that many of SA’s top industry leaders are still positive about the future, and that they display a resilience that will be critical for keeping businesses moving forward in the coming year.
Death tavern loses licence
02/11/2015 - 10:40
Cape Town - It was time for the police and the liquor licensing authority ‘to get tougher’ with liquor traders who fail to comply with the law, Western Cape Economic Opportunities MEC Alan Winde said yesterday.
Retailers need to look to ‘collaboration on supply-chain issues’
21/09/2015 - 09:10
High costs, non-optimal inventory, poor demand forecasting, and unreliable and volatile service levels bog down South African retailers’ supply chains.
Demand hits sweet spot for Cadbury
06/08/2015 - 10:09
Cadbury’s nearly 90-year-old factory sits in front of the North End Lake in Port Elizabeth. Now an industrial hub much has changed in the area over the years, but the original façade of the building and the faint smell of melted chocolate wafting through the air remain a constant in the precinct.
Starbucks is coming to SA
15/07/2015 - 13:56
Starbucks, the world’s largest coffee chain, will soon open stores across South Africa after the New York Stock Exchange-listed company signed a licence agreement with Taste Holdings, the South African management group.
Namibia Retail Sector Charter to go ahead - Namibia
13/05/2015 - 11:10
Plans to implement the Namibia Retail Sector Charter (NRCS) by the Namibia Trade Forum (NTF) are on schedule despite poor attendance of meetings by stakeholders in the clothing/Apparel sector.
Nestlé appoints new Country Manager - Ghana
10/04/2015 - 08:58
Mrs Freda Duplan has been appointed as the Country Manager of Nestlé Ghana, taking over from Moataz El Hout.
Eskom's tariff hike shocker
20/03/2015 - 08:24
Cape Town - Eskom is looking for a 9.58% price adjustment for electricity in addition to the already announced 12.69% imposed in the 2015-16 financial year, reports the City of Cape Town.
Top employer amongst global giants
02/03/2015 - 13:01
In an article recently published on Fortune.com, FMCG giant, Unilever, was listed as the third most sought after employer in the world, following Google and Apple. With a clear mission and value statement, the multi-national organisation is leading the world on a journey to greater employee engagement.
Omnichannel ‘is key for retailers’
13/02/2015 - 09:57
Redesigning "omnichannel" supply chain had to be a priority for consumer goods companies and retailers for them to remain relevant to the consumer and their shareholders, an EY/ Consumer Goods Forum survey said.
Credit data reflect subdued economy
03/02/2015 - 09:37
Credit growth data released on Friday painted a picture of a subdued economy, with broad M3 money supply growing only an annual 7.38% in December from 8.31% the previous month.
Retail Charter confirmed - Namibia
26/01/2015 - 10:08
The Retail Charter is gaining momentum as Task Teams meeting to discuss the launch date, which is set for the third quarter of 2015.
Unilever sees no improvement after weak 2014 - UK
22/01/2015 - 13:35
London - Consumer goods group Unilever expects another sluggish year, after a slowdown in emerging markets and flagging developed economies curbed demand for everything from soup to soap in 2014.
Outrage in UK as Cadbury owner tweaks recipe - UK
13/01/2015 - 10:12
London - Mondelez International, maker of Cadbury Creme Eggs, has tweaked the recipe of the chocolate shell of its gooey treats ahead of their main Easter selling season, sparking an angry response in Cadbury's home market of Britain.
Earth is running out of chocolate
19/11/2014 - 11:22
“Earth is running out of chocolate, which will lead to an increase in the producer price for farmers. It is a demand and supply situation,” – Dr. Gabriel Ayisi – from the Washington Post.
Taxi strikes choke economic drive - chamber
18/11/2014 - 09:38
Johannesburg - Taxi strikes like the one that left commuters stranded in Johannesburg on Monday are hampering the country's economic drive, the Johannesburg Chamber of Commerce and Industry (JCCI) said.
Telkom warns over Eskom load shedding
04/11/2014 - 09:44
Telkom services will be impacted by Eskom’s nationwide load shedding schedule, the company said in a press statement on Monday, 3 November 2014.
Cadbury Nigeria profit falls 57% - Nigeria
27/10/2014 - 11:48
Lagos - Cadbury Nigeria said on Friday its nine-month pretax profit was 2.39bn naira (.54m), down 57% from the same period a year ago, sending its shares tumbling.
Maersk in shipping alliance with MSC
11/07/2014 - 11:56
Copenhagen - AP Moeller-Maersk on Thursday announced an alliance with shipping company MSC on some of the world's busiest cargo routes after China scuppered a planned tie-up between the two companies and CMA.
Chocolatier estimates 51% growth
08/07/2014 - 09:33
London - British chocolate maker Thorntons estimated a 51% growth in full-year pretax profit, saying its UK commercial channel returned to double-digit percentage revenue growth in the fourth quarter.
Meatco acquires stake in UK firm
11/06/2014 - 11:06
Meatco, the country’s leading beef producer, has acquired a 25% shareholding in Global Protein Solutions (GPS), a UK-based meat trading company.
I&J’s R500m investment reflects its confidence in fishing industry
05/06/2014 - 13:22
South Africa’s two largest fishing companies, I&J and Oceana Group, are investing in their aging trawler fleets in preparation for the critical 2020 fishing quota allocation.
Mondi to buy Graphic Packaging International business
05/06/2014 - 12:58
London and JSE-listed paper and packaging company, Mondi, announced on Tuesday it was acquiring the US industrial bag and “kraft” (also known as sack) paper business of Graphic Packaging International for 5m.
Malaysia finds no pig DNA in Cadbury
02/06/2014 - 10:06
Kuala Lumpur - New tests conducted by Malaysian authorities found that two varieties of chocolate made by British confectioner Cadbury do not contain pig DNA, contrary to a previous finding, the country's Islamic affairs agency said today.
Muslim groups call for Cadbury boycott
30/05/2014 - 10:21
Kuala Lumpur - Muslim retail and consumer groups in Malaysia, on Thursday, called for a boycott of products made by Britain-based confectioner Cadbury and its parent, Kraft Foods Group, after two chocolate varieties were found to have infringed Islamic rules by containing pork DNA.
L'Oreal net profit rises to €3bn
17/02/2014 - 10:20
Paris - L'Oreal, the world's largest cosmetics company, has said its net profit rose by 3.2% last year to €2.96bn (.0bn) on sales which rose by 2.3% to €22.98bn
First China mall opens in Harare, Zimbabwe
08/01/2014 - 08:38
The shopping mall, built near the National Sports Stadium, opened for business a few days before Christmas 2013. It is part of a 300-roomed five-star hotel project worth over 0 million and includes retail outlets, an amusement park, parking and staff houses.
Massmart stores will be closed on Sunday, 15 December
10/12/2013 - 08:37
Massmart Holdings will close its stores on Sunday, 15 December 2013.
KBL introduces responsibility platform
16/10/2013 - 09:22
Kgalagadi Breweries Limited (KBL) has taken in the quest to provide information on alcohol and responsible consumption is through their site, www.talkingalcohol.com
Woolworths reports strong results
29/08/2013 - 08:34
Highlights • south Turnover up 23.2% • Profit before tax up 27.1% • Headline earnings per share up 27.3% (52 weeks: 25.3%) • Return on equity up from 46.4% to 49.7% • Cash dividend of 148 cents declared
Retail price of mealie-meal hiked, Zambia
18/07/2013 - 09:43
The retail price of mealie-meal has been increased by about K5 after millers hiked the cost of the staple food by K2 on account of the removal of fuel and maize subsidies.
Sainsbury maintains growth record as grocer outpaces rivals
12/06/2013 - 14:06
J Sainsbury Plc (SBRY), the U.K.’s third-largest supermarket chain, reported a 34th successive quarter of same-store sales growth as the grocer increased its share of the market while its main competitors all lost ground.
UK: IKEA advert featuring gnomes being smashed receives 50 complaints to watchdog
29/05/2013 - 08:04
Viewers have complained to a watchdog that an IKEA advert of gnomes being smashed is “violent, frightening and offensive”.
Zimbabwe: Lifestyle Holdings introduce TN Virtual Mart
14/05/2013 - 08:46
Diversified company Lifestyle Holdings has introduced a TN Virtual Mart — where it will deliver groceries to its clientele’s doorstep, as competition in the country’s retail sector intensifies.
Botswana: Choppies supermarket moves to acquire competitor, SupaSave
03/05/2013 - 09:52
Local Botswana retail chain, Choppies, has moved to wholly acquire one of its competitors, SupaSave, the Competition Authority (CA) revealed on Wednesday.
Lindt loses Easter bunny trademark case
02/04/2013 - 07:15
Zurich - Swiss premium chocolate maker Lindt & Spruengli has lost a court battle to protect its gold foil-wrapped Easter bunnies from imitation by a German rival.
Chocoholics drive Lindt profits
18/03/2013 - 08:26
Zurich - Swiss luxury chocolate maker Lindt & Spruengli said it was confident people would keep buying its sweet treats this year despite weak consumer sentiment in its key market, Europe.
The tech store of the future is here
28/01/2013 - 09:13
The store of the future has arrived and it is threatening to leave technology laggards behind.
Broll achieves R326 million sales for shopping centres
24/01/2013 - 10:02
Eleven properties previously owned by SA Corporate Real Estate Fund were snapped up by Fairvest Property Holdings Ltd for R326 million, revealing a welcome return of investor appetite for shopping centres within lower living standards measure (LSM) areas.
Musica hit by store closures
24/01/2013 - 09:47
Clicks Group says that its music and entertainment retailer, Musica, has been impacted by the closure of several stores.
Nambia: Construction starts on the Old Mutual Keetmanshoop Retail Centre
18/01/2013 - 09:34
His Excellency, President Hifikepunye Pohamba, on 26 October 2012 laid the foundation for the N million Keetmanshoop Retail Centre, which is being developed by financial services giant Old Mutual.
November retail sales quicken to 3.4%
17/01/2013 - 07:59
Johannesburg - Growth in South Africa's retail sales quickened to 3.4% year-on-year in November compared with a revised 0.9% expansion in October, Statistics South Africa said on Wednesday.
Tesco set to sell or close all Fresh & Easy stores
07/12/2012 - 08:43
London -- Tesco CEO Philip Clarke announced Wednesday that the British supermarket retailer will likely sell or close its entire U.S. presence, which means that 199 Fresh & Easy stores could be shuttered or sold off.
Burundi coffee revenues fall 29%
21/11/2012 - 08:26
Bujumbura - Burundi's coffee revenues fell 29% in October from the month before, tracking lower international prices, the country's industry regulator said on Tuesday.
Sony suffers Moody’s cut
12/11/2012 - 08:41
Sony Corp‘s long-term debt rating was lowered one notch by Moody’s Investor Service to the lowest investment grade level because of shrinking demand for its consumer electronics.
SACSC Appoints Marius Muller as new President
06/11/2012 - 08:17
With his enthusiasm for retail, immense experience and keen collaborative values, Marius Muller has been elected and appointed President of the South African Council of Shopping Centres (SACSC).
Oil up on China non-manufacturing data
05/11/2012 - 08:14
Singapore - Crude prices rose in Asia on Monday with a pick-up in China's services industry providing support ahead of Beijing's leadership transition and the US presidential election, analysts said.
Inflation blow to India rate cut hopes
16/10/2012 - 08:00
New Delhi - India's inflation accelerated to a 10-month high, hitting 7.81% in September, data on Monday showed, diminishing chances of an interest rate cut to jumpstart a sharply weaker economy.
No success in trucker pay talks
10/10/2012 - 09:24
Johannesburg - Negotiations to end a two-week labour dispute between most truckers and employers ended without an agreement on Tuesday.
SA in for tough ride
05/10/2012 - 07:41
Cape Town - South Africans can expect a tough two years ahead as the economy feels the pinch of strikes, analysts said on Thursday.
RMB Ventures invests in Studio 88 Group
03/10/2012 - 10:21
Johannesburg - RMB Ventures‚ a private equity investor and subsidiary of FirstRand Limited [JSE:FSR]‚ has purchased a significant minority interest in The Studio 88 Group‚ one of Southern Africa’s largest independent footwear and apparel retail chains.
EDCON Store card sale to Absa approved
25/09/2012 - 08:25
The Competition Tribunal had approved the sale of Edcon’s private label store card portfolio in South Africa to Absa, as well as the long-term strategic relationship agreement with Absa, said on Friday.
South African consumers still upbeat
20/09/2012 - 08:18
Cape Town - South African consumers are maintaining an upbeat attitude, according to an index which shows consumer confidence has kept a positive year-on-year outlook.
Scan & Go puts retail self-checkout on the move
19/09/2012 - 08:21
Last week in Rogers, Ark., Walmart began testing an iPhone application that could potentially expedite and streamline the self-checkout process. The "Scan & Go" app allows shoppers to do just that — scan their items while they shop and bag them as they go. Once they have finished, shoppers take their cart full of merchandise to a self-checkout kiosk and complete their purchase through traditional payment methods.
Walgreen Shares Decline After Sales Trail Estimate
07/09/2012 - 08:32
Walgreen Co. (WAG) fell the most in more than a month after posting fiscal fourth-quarter revenue that trailed analysts’ estimates as the lack of Express Scripts Inc. customers hurt pharmacy sales.
MillerCoors Q2 net income up 9% to 6m
08/08/2012 - 09:30
Johannesburg – SABMiller [JSE:SAB] and Molson Coors Brewing have reported MillerCoors’ second quarter underlying net income rose 9.1% to 6m versus prior year‚ driven by positive pricing‚ favourable brand mix and cost management.
Samsung lifted by Galaxy sales
27/07/2012 - 08:01
Seoul - Samsung Electronics said its second quarter profit rose 48 percent over a year earlier as customers flocked to get Galaxy smartphones in the absence of competitors.
Asia Pacific Breweries Surges on Heineken Bid
23/07/2012 - 08:20
Asia Pacific Breweries Ltd. (APB) surged to a record in Singapore trading after Heineken NV (HEIA), the world’s third-biggest brewer, offered as much as billion for full control of the maker of Tiger beer.
Chocolate maker looks to expand
20/07/2012 - 08:49
To meet the anticipated increase in demand for its confectionery in SA, the Ferrero Group plans to increase production and employ more people, the company said yesterday.
Banks in.25bn retail settlement
16/07/2012 - 08:13
Visa Inc, MasterCard Inc and banks that issue their credit cards have agreed to a.25 billion settlement with U.S. retailers in a lawsuit over the fixing of credit and debit card fees in what could be the largest antitrust settlement in U.S. history.
Retail ‘needs BEE charter’
12/07/2012 - 08:57
The Government must introduce a broad-based black economic empowerment (BEE) charter for retailers to ensure they were fully compliant with BEE codes of practice, empowerment experts said yesterday.
Davies warns of stricter BEE codes
11/07/2012 - 08:38
Johannesburg - Trade and Industry Minister Rob Davies warned on Tuesday that black economic empowerment points would be deducted from businesses which did not invest in enterprise, supplier, and skills development.
AB InBev buys out Corona maker Modelo for billion
10/07/2012 - 08:42
Brussels--Anheuser Busch InBev, the world's biggest brewer, is taking over Mexico's Grupo Modelo for.1 billion, giving it dominance in Latin America's second-largest economy and adding Corona, the top-selling imported beer in the United States, to its brands.
Massmart full-year sales top R61bn
05/07/2012 - 09:50
Johannesburg - South African discount retailer Massmart Holdings [JSE:MSM] reported a 16% rise in full-year sales on Wednesday, a touch above analysts' estimates, boosted by the inclusion recently acquired stores.
Best Buy Founder Richard Schulze Said to Consider Buyout
27/06/2012 - 14:03
Best Buy Co. (BBY) founder Richard Schulze is exploring taking the world’s largest electronics retailer private as he considers options that include selling his stake, according to a person familiar with the matter.
SA retailers ‘pushing for global stamp of approval’ for fish they sell
26/06/2012 - 08:50
SA’s supermarket chains were becoming increasingly aware of the importance of maintaining the health of SA’s, and the world’s, fish stocks and would soon demand Marine Stewardship Council (MSC) accreditation for the fish products they sold, the World Wide Fund for Nature SA (WWF SA) said yesterday.
Best Buy chairman, founder resigns
11/06/2012 - 09:06
More tumult at troubled retail giant Best Buy: Richard Schulze, who founded the company and has served as its director for nearly four decades, has resigned.
PnP Picks Goscor At Phillipi's DC
11/06/2012 - 08:55
Pick n Pay has made another large purchase of warehouse equipment from Goscor Lift Truck Company. This brings the total to more than 500 Crown electric material handling machines bought by the retailer from Goscor.
Share of the week: Foschini
11/06/2012 - 08:36
South Africa's second-largest clothing retailer, the Foschini group, lifted retail turnover by 17% and headline earnings a share by 23.6% in the year to March.
Unhappy Easter for chocolate fan
16/05/2012 - 07:41
Johannesburg - Retailer Pick n Pay agreed to change its labelling next year after a complaint over the amount of candy-coated chocolate buttons inside an Easter egg, the Advertising Standards Authority (ASA) said on Tuesday.
Woolworths ‘top’ among listed firms
10/05/2012 - 10:09
SA’s top companies have experienced a battering in their reputations this year, a survey showed, but clothing and food retailer Woolworths emerged with the most robust reputation score, despite a controversy involving the alleged misuse of the intellectual property of a small ginger beer maker earlier in the year.
US grains drop
08/05/2012 - 08:01
US grain futures dropped on Monday as investors fled riskier assets, after Greek and French polls stoked doubts that struggling euro zone economies could continue to pursue austerity measures crucial to resolving the bloc's debt crisis.
Walmart down on bribery allegations
24/04/2012 - 07:51
Walmart Stores shares were down 3.1% in early premarket trading on Monday following an article in the New York Times this weekend alleging that the world’s largest retailer stymied an internal probe into bribery at its Mexican affiliate, Walmart de Mexico.
Clothing sector suffers fewer job losses
23/04/2012 - 10:43
Johannesburg - There has been a significant decrease in the number of jobs lost in the clothing, textile and leather sectors, the SA Clothing and Textile Workers' Union (Sactwu) said on Friday.
US: Grocer launching mobile, digital couponing system
11/04/2012 - 08:24
After a one-year pilot study of Savvy Penny, an in-store digital coupon system that uses Bluetooth technology to offer value and savings to consumers, Milam's Market in Coral Gables, Fla., is rolling out the loyalty solution that delivers two-way interactive promotions directly to the consumer at the point of sale through touchscreens on the store shelf, according to a company press release.
SA maize deficit looms on Mexico exports
26/03/2012 - 08:26
Johannesburg/Hamburg - South Africa has committed an additional 400 000 tonnes of maize exports to drought-stricken Mexico, a scenario that will likely push Africa’s largest corn producer into a deficit situation this marketing season and propel domestic food prices higher.
Grain SA wants to address government
12/03/2012 - 07:36
Bothaville - South Africa’s grain farmers can certainly produce sufficient food for the country. On the other hand, political rhetoric and generalisations about the agricultural sector must end.
Walmart decision is due today
09/03/2012 - 08:50
Johannesburg - The Competition Appeal Court will release its judgment today on the review of the Walmart-Massmart merger.
M&S and Sainsbury's buck consumers' indifference to brands
05/03/2012 - 08:53
Only 5% of British people would care if brands did not exist, according to research by Havas and MPG that placed Marks & Spencer and Sainsbury's in the world's top 10 "meaningful" retail brands.
Atterbury develops flagship ‘green’ Pick n Pay in Roodepoort
28/02/2012 - 08:42
In an innovative joint venture Atterbury Properties and Pick n Pay will create a R160 million flagship 10,000sqm next-generation ‘green’ store for the leading retailer.
Massmart delivers strong sales and earnings growth
22/02/2012 - 09:34
• Sales up 15%, headline earnings up 21,1%, underpinned by increase in cash generated from operations • Strong volume growth indicative of market share gains
Pick n Pay Gets Top Retail Specialist
20/02/2012 - 09:25
Cape Town-based Pick n Pay announced the appointment of Rod Salmon, who will take the position of Divisional Manager, General Merchandise at the retailer from 1 March 2012.
Tiger Brands' underlying assumptions for update
20/02/2012 - 08:54
Tiger Brands, in trading update on Feb 14, 2012, advised that, despite difficult trading conditions, headline earnings per share were expected to show satisfactory growth for the year ending 30 September 2012 as compared to the 2011 reported earnings.
Woolies eyes Pick n Pay’s food trolley
17/02/2012 - 13:40
High-end retailer Woolworths will be opening 10 new bigger-format supermarkets in the medium term, CEO Ian Moir said yesterday, the first of which will be on William Nicol Drive in Bryanston, Johannesburg, the street where competitor Pick n Pay has set up its premium offering.
Kellogg to Buy Procter & Gamble’s Pringles for.7 Billion
16/02/2012 - 10:06
Kellogg Co. (K) agreed to acquire Procter & Gamble Co.’s Pringles potato chip business for about.7 billion in cash to triple its global snacks sales after a deal with Diamond Foods Inc. (DMND) fell through.
Nestlé Forecasts Higher 2012 Earnings After Sales Beat Analysts’ Estimates
16/02/2012 - 09:42
Nestle SA (NESN), the world’s biggest food company, reported 2011 sales growth that beat analysts’ estimates and forecast higher 2012 earnings as it introduces products such as the Nescafe Alegria coffee maker.
Consumer Confidence in U.S. Increases for a Second Week in Bloomberg Index
03/02/2012 - 08:31
Consumer confidence in the U.S. climbed for a second week as Americans became less pessimistic about the prospects for the world’s largest economy.
Swazi Pick n Pay boycotts suppliers
01/02/2012 - 09:28
In a rare case of consumer empathy, retailer Pick n Pay has reportedly boycotted some of its suppliers who did not agree “to drop their prices so that customers can benefit”.
Kraft’s Brazil Chocolate Seen as Template After Spinoff: Retail
30/01/2012 - 09:00
Investors searching for insights into Kraft Foods Inc.’s (KFT) strategy once it splits in two this year may want to consider a 100-year-old Brazilian chocolate brand called Lacta.
Southern Comfort brings brand character to Facebook
20/01/2012 - 13:53
Southern Comfort, the Brown Forman-owned spirits brand, has launched a Facebook campaign featuring the fictional New Orlean's music legend, 'Baron Jazz'.
Sugar, coffee rise
18/01/2012 - 10:22
Arabica coffee futures on ICE rose on Tuesday, boosted by a softer dollar and increased risk appetite following better-than-expected Chinese economic growth data.
Workers at Unilever UK set to strike
17/01/2012 - 07:52
British workers at Unilever plan to escalate strike action this week with 11 days of rolling stoppages starting on Wednesday in a dispute over plans to axe the consumer goods group's final-salary pension scheme.
Cocoa hovers near 8-week high
13/01/2012 - 08:21
Cocoa futures on ICE hovered below an 8-week high on Thursday, as the market consolidated after this week's steep rally fuelled by a slowdown in port arrivals in top producer Ivory Coast.
Olympus board vows to quit
12/12/2011 - 08:58
The entire board of Japan’s Olympus has signalled its plan to quit — possibly as early as February — over a,7bn accounting fraud, and to set up an outside committee to advise whether to sue those responsible.
Unilever builds green food plant in Durban
12/12/2011 - 08:54
Unilever, the global fast-moving goods supply group, has built a R670m savoury dry food plant at Riverhorse Valley in Durban, according to chairman of Unilever SA, Marijn van Tiggelen.
France fines washing powder firms
09/12/2011 - 08:25
Paris/Frankfurt - France’s competition authority slapped fines totalling 4m on Colgate Palmolive, Henkel and Procter & Gamble for fixing prices of washing powder in France from 1997 to 2004.
SABMiller eyes Kenya's premium beer segment with Miller Genuine Draft
08/12/2011 - 09:00
SABMiller will introduce its third beer, Miller Genuine Draft, in Kenya on 8 December, aiming at the premium segment of the local beer market which is currently catered to by rival beer brands Heineken and Tusker Malt.
Cocoa prices fall on Europe concerns
08/12/2011 - 08:54
Cocoa has hit its lowest level since December 2008 on the back of the sovereign debt crisis in Europe and increased supplies from West Africa according to commodity analysts familiar with the industry.
Massmart achieves best performer status in latest JSE SRI Index
07/12/2011 - 10:44
Massmart has been recognised as one of the best performers in the medium environmental impact category of the JSE’s 2011 Socially Responsible Investment (SRI) Index, the results of which were announced yesterday (6 December 2011). According to the results, the group's environmental and climate change practices were recognised as constituting best practice.
Kraft to invest in chocolate in India
06/12/2011 - 08:28
Kraft Foods has boosted spending in India by more than half, targeting annual sales growth of 30 percent for chocolate, a product it expects to resist any consumer slump.
Wasteful consumer goods stress the planet
01/12/2011 - 09:04
Words by Pierre Heistein, the convener of the UCT applied economics for smart decision-making course The main focus of the UN climate conference currently being held in Durban will be on how the world economy can go about reducing its levels of greenhouse gas emissions.
Top retailers avoid equity BEE partners
28/11/2011 - 08:35
Politically connected empowerment’s usual suspects are missing out on a combined market capitalisation of more than R160 billion as they are shunned by top JSE-listed retailers, which have chosen to rather give stakes to their staff and support struggling black entrepreneurs.
Australia approves Foster's takeover
28/11/2011 - 07:50
Sydney - Australia on Friday approved brewer SABMiller's AU.9bn takeover of Foster's, but with strict conditions that will see key operations remain in the country.
Champagne Deutz to implement new brand representation strategy in US
25/11/2011 - 08:58
French champagne producer Champagne Deutz will implement a new Regional Representation strategy beginning 2012, allowing importers / distributors outside the Champagne Louis Roederer network to represent the brand in the US.
Coffee Supply Crunch Spurring Rebound After Folgers Price Cut: Commodities
23/11/2011 - 10:19
Coffee’s biggest slump in three years may be ending as weather damages crops from Colombia to Indonesia, reducing U.S. inventories to the lowest since 2000 just as Kraft Foods Inc. and J.M. Smucker Co. cut prices.
World premiere: instant genuine-or-fake authentication
17/11/2011 - 11:05
AlpVision has made a big step forward in providing mobility for on the fly “Genuine or Fake” verification of molded parts with an iPhone4 mobile device. The application is suitable for many items, for example for fast-moving consumer goods containers for liquid, powder or tablets, which are present in millions of stores worldwide. Molded parts are heavily used in toys, footwear, home appliances, circuit breakers and many other products in industrial and consumer markets.
CPA 'plain language' poser
16/11/2011 - 08:28
The Consumer Protection Act's requirement that information about products and services be presented to consumers in "plain and understandable" language, is challenging lawyers to find a legally acceptable consensus on how such language can be defined and applied in a way that complies with the law.
Retail September trade growth seen at 6.5%
15/11/2011 - 10:33
Growth in SA’s retail trade sales at constant (2008) prices for September is expected to lose momentum to a decrease of 6.5% year on year (y/y), from a y/y growth of 7.1% in August, according to a survey of leading economists by BusinessLIVE.
Tiger Brands forecasts higher profits
15/11/2011 - 10:23
Branded fast-moving consumer packaged goods company Tiger Brands (TBS) said on Tuesday that it expected headline earnings per share (HEPS) to reflect an increase of between 10% and 15% for the year ended September 2011, from R13.93 previously.
E.coli found in imported cheese
10/11/2011 - 08:45
Johannesburg - Almost 22 tonnes of imported Irish cheddar cheese was destroyed last week because it was contaminated with E.coli bacteria, the Milk Producers' Organisation (MPO) said on Wednesday.
Spar Group reported a 3.3% rise in diluted headline earnings per share
09/11/2011 - 16:00
South African grocery chain Spar Group on Wednesday reported a 3.3% rise in diluted headline earnings per share to 522.8 cents for the year ended September 2011 from 506.3 cents a year ago
Nampak forecasts higher profits
08/11/2011 - 08:59
Packaging group Nampak (NPK) advised on Monday that its headline earnings per share for the year ended September 2011 from continuing operations, are expected to be between 15% and 25% higher than the 142.2 cents per share in 2010.
Europen issues green paper on packaging and sustainability
07/11/2011 - 09:58
A new green paper published by Europen has emphasized packaging’s role in achieving a ‘resource efficient’ society.
South African businesses sign procurement accord to boost local manufacturing
03/11/2011 - 09:54
South African businesses have signed an accord with government, unions and civil society, aimed to help the struggling manufacturing sector.
Softer market hits Mondi growth
01/11/2011 - 08:28
Maintenance shutdowns reduce underlying operating profit, moderated selling prices in softer market partly offset by lower input costs
Pack designs alter due to changing shopping behaviours
11/10/2011 - 09:45
Brands (in the UK) are altering their pack designs to adapt to changes in consumer behaviour due to continued economic uncertainty, according to an industry expert.
Cadbury to launch confectionery range in new packaging
05/10/2011 - 10:53
UK-based brand and packaging design agency Slice Design has created a new look for Kraft Foods' Cadbury’s range of Christmas confectionery.
Grain and oilseeds joint venture in South Africa to go ahead
03/10/2011 - 13:45
The Competition Commission has approved a joint venture agreement between Bunge SA and Senwes Limited and has issued a merger clearance certificate.
Walmart and Massmart launch another extended price cut promotion, building on momentum of first campaign
03/10/2011 - 11:35
Following the launch of South Africa’s first 10-week price cut promotional campaign in July, which saved consumers over R50 million, Massmart and Walmart are launching another extended campaign which will run from 2 October to 4 December 2011 at various stores.
Growing the mushroom business
28/09/2011 - 09:56
Denny Mushrooms, recently sold by AVI as branding mushroom products was no longer viable in the face a wide range of cheaper imported products, will look to grow its business by increasing sales among upper-income black consumers.
Boost for BOS brand
28/09/2011 - 09:17
Local ice-tea brand gets a boost with news that Manchester United manager Sir Alex is taking a 10% stake, InVenFin part of investment giant Remgro is taking 20%
Agricultural exporters fume at port tariff hikes
26/09/2011 - 08:18
Agriculture exporters are up in arms over proposed new port tariffs, saying additional costs will have a detrimental effect on the industry’s competitiveness and the economy as a whole.
PepsiCo toasts agricultural partnership with Chinese government
23/09/2011 - 11:24
PepsiCo has signed a Memorandum of Understanding with the Ministry of Agriculture of the People's Republic of China to promote "sustainable agriculture projects".
World’s poorest face soaring food prices
23/09/2011 - 10:23
Report warns new round of food inflation with severe hikes in the price of basic foodstuffs is plunging many of the world’s poorest people into deeper poverty and into situations of severe hunger and malnutrition
Bunge-Senwes deal passed
23/09/2011 - 10:16
The Competition Commission has approved a joint-venture agreement between global agribusiness and food company Bunge Europe and South African agribusiness company Senwes to develop grain and oilseed operations in SA.
Russian wheat seeks new markets
21/09/2011 - 10:15
Russian wheat exporters aim to ramp up sales to nascent markets such as South America due to their cheap price edge, which may also give a boost to freight rates which are struggling with a ship glut.
Ububele profits down
16/09/2011 - 12:34
Ububele Holdings on Thursday posted a drop in headline earnings per share from continuing operations to 4.75 cents in the year ended June, from 8.30 cents previously.
Consortium buys Denny Mushrooms
15/09/2011 - 10:43
A consortium consisting of key management members, RMB Ventures and Pan-African Private Equity Fund 1 have concluded a management buyout of Denny Mushrooms.
Confectionery sector leads launch activity in first half of 2011
13/09/2011 - 08:31
Innova Market Insights reports that confectionery was the leading food and drinks sector in terms of global launch activity in the first half of 2011. This occurred despite the industry having a rough ride in 2010, as a result of rising prices in the wake of increasing raw material costs, particularly for cocoa and sugar.
Standard Bank sees sugar output growth in Africa
12/09/2011 - 09:38
South Africa's Standard Bank expects sugar production in Africa to grow, supported by increased demand and firmer prices, its head of investment banking said.
Tiger Brands Can Use Debt as ‘Firepower’ for African Purchases, CEO Says
09/09/2011 - 10:10
Tiger Brands Ltd. (TBS), South Africa’s largest food company, said it can boost its levels of debt to make acquisitions across the continent as it expands outside its home market.
Clover forecasts higher profits
09/09/2011 - 09:03
Clover Industries (CFR) said on Thursday that headline earnings per share for the 2011 financial year were likely to increase to 113.84 cents from 33.07 cents previously.
Strong consumer demand boosts AVI
05/09/2011 - 12:55
Johannesburg - Branded consumer products group AVI [JSE:AVI] on Monday reported a 31.1% rise in diluted headline earnings per share (Heps) from continuing operations to 239.7 cents for the year ended June 2011, from 182.9c a year ago. Heps from continuing operations was up 31% to 248c.
Denny Mushroom merger approved
02/09/2011 - 16:09
Johannesburg - The Competition Tribunal has approved the merger between Blue Falcon and Denny Mushrooms.
GI and Diabetes SA endorsement logos get official approval
26/08/2011 - 10:55
The GIFSA and Diabetes SA endorsement logos have been officially approved by the Dept of Health, reports Jan Delport of the GI Foundation of South Africa. R146, the new labelling regulations, requires all food endorsement logos to get approval from the DoH.
Country Bird posts profit increase
24/08/2011 - 08:14
Poultry producer Country Bird Holdings (CBH) on Tuesday posted a 178% rise in diluted headline earnings per share to 64.57 cents for the year ended June, from 23.25 cents in the previous comparable period.
Shoprite beats profit expectations
23/08/2011 - 10:33
Johannesburg - Shoprite Holdings, Africa's biggest grocery retailer, beat analysts estimates with a 12.4% rise in full-year profit, as lower interest rates and a tentative economic recovery boost consumer spending.
Kraft Foods: going separate ways
19/08/2011 - 11:38
Last week Kraft Foods announced its intention to split into a global snacks business with estimated sales of USbn and a US grocery business with
The search is on for SA's best olive oils
19/08/2011 - 09:39
South Africa’s top olive oils have just been put to the test at the Nederburg Auction Complex in Paarl during the judging of the sixth olive oil competition presented by SA Olive, the voluntary association representing the SA olive industry. Exciting news is that an internationally renowned judge has joined the formidable South African judging panel. In addition, the competition drew 58% more entries than previous years.
Two major newcomers plan to spice up SA's FMCG food market
17/08/2011 - 15:59
SA’s fast-moving consumer goods (FMCG) market is set for a shakeup. At the retail level Walmart will see to it. At the product-supply level two new foreign entrants, Iffco Worldwide and Diplomat, aim to do the same, reports The Financial Mail.
SABMiller make new offer for Foster’s
17/08/2011 - 08:40
SABMiller has made a new offer to acquire the Australian brewer after the original offer was rejected
Bright Food Says It’s Agreed to Buy Majority Stake in Australia’s Manassen
15/08/2011 - 10:29
Bright Food Group Co., China’s second-largest food company, agreed to buy a majority stake in Australia’s Manassen Foods.
Nestle’s Biggest Takeover in China Creates 23% Return at No Risk: Real M&A
15/08/2011 - 10:17
Nestle SA’s biggest acquisition in China is giving traders a chance to reap a 23 percent profit without the risk of losing any money on the deal.
Tanzania mobile users up 20%
15/08/2011 - 09:39
Tanzania's mobile phone subscribers rose 20 percent to 21 million last year, but low tariffs due to a vicious price war are expected to diminish the appetite for investment in the telecoms sector, industry officials said.
Warning of spike in commodity and food prices
15/08/2011 - 09:32
South Africans should brace themselves as commodity and food prices are expected to be a lot higher next year, driven mainly by unreliable weather, the Bureau for Food and Agricultural Policy says.
Are private label brands a threat to national brands?
12/08/2011 - 15:49
It’s a question that may keep many marketers and brand managers awake at night – are private label brands encroaching on national brands? The answer is yes, and no, according to Dr Magda Nenycz-Thiel, a senior researcher from the Ehrenberg-Bass Institute for Marketing Science at the University of South Australia.
Starbucks Supplier May Buy Instant Coffee Maker
12/08/2011 - 09:33
Tata Coffee Ltd, Asia’s largest publicly traded grower of the bean, plans to spend more than five billion rupees (0 million) to acquire an instant coffee maker in Europe in a bid to boost profit margins.
Rosenfeld wakes market with Kraft split plan
08/08/2011 - 09:27
Kraft Foods Inc (KFT.N: Quote) CEO Irene Rosenfeld ended her victorious five-month battle for British chocolatier Cadbury last year saying she wanted a good night's sleep.
Is Augmented Reality right for your brand?
05/08/2011 - 08:56
Augmented reality (or "AR," is it?) is the next "it" when it comes to marketing. Big time players like BMW, Ben & Jerry's Ray-Ban, and eBay -- and even those without a "B" in their name, such as Audi -- are jumping on the augmented reality bandwagon.
Adcock Ingram acquisition of NutriLida gets Competition Commission Approval
04/08/2011 - 15:10
Adcock Ingram has been given unconditional approval by the Competition Commission to acquire Johannesburg-based supplements business NutriLida Healthcare. The acquisition, which comes into effect on 1 August 2011, will further strengthen Adcock Ingram’s position as the leader in the vitamins, minerals and supplements (VMS) market, while increasing its market share in the broader fast moving consumer goods (FMCG) market.
Expert: Walmart gives SA global reach
27/07/2011 - 10:16
Johannesburg - South Africa is not benefiting from "global value chains", but Walmart's acquisition of Massmart Holdings offers some hope, Professor Stephen Gelb of the University of Johannesburg said on Tuesday.
Walmart to sell SA hake
26/07/2011 - 10:31
Johannesburg - Lonrho's seafood division Oceanfresh is to supply hake fillets to Walmart stores in the US from October, it said on Monday.
Kellogg’s real people, real lives, real stories
25/07/2011 - 14:06
When you want to hear the truth, get it straight from your target market’s mouth! That’s the premise of Kellogg’s All-Bran’s new television campaign, featuring real brand advocates.
Govt doesn't want to block Walmart deal
25/07/2011 - 10:44
Johannesburg - Government is not seeking to overturn competition regulators' approval of Walmart buying control of local retailer Massmart Holdings, but wants tougher conditions for the deal, the Business Day newspaper reported on Monday.
Walmart deal hits Massmart profit
25/07/2011 - 09:53
Retail group Massmart Holdings said on Monday it is expecting headline earnings per share of between 397c and 442.4c for the 52 weeks to June 26 2011.
State won't veto Walmart deal - official
22/07/2011 - 14:04
Cape Town - The government is not considering a veto of the Walmart-Massmart merger, but believes public interest concerns make a review essential, economic development director-general Richard Levin told MPs on Thursday.
State’s court bid to undo Walmart merger
21/07/2011 - 11:04
IN A move that will set alarm bells ringing in the minds of potential investors, the government is seeking to overturn the Competition Tribunal’s decision to allow Walmart’s takeover of Massmart.
Illovo expands green power projects
21/07/2011 - 10:00
ILLOVO Sugar, Africa’s largest producer, is growing its biofuels and power generation capacity as it expands production outside SA.
Caturra Coffee Company offers 100% compostable packaging
21/07/2011 - 08:58
Caturra Coffee Company allies with Natureflex™ films to offer 100% compostable packaging to FMCG and the Horeca Industry
Walmart/Massmart merger legislation sufficiently robust to protect interests of all stakeholders
20/07/2011 - 15:48
In line with the revised parliamentary portfolio committee hearing rules announced by the Chairperson of the portfolio committee at the start of proceedings yesterday, Massmart CEO Grant Pattison’s submission before parliament today dealt primarily with the competition approval process, while highlighting some of the merger benefits.
Walmart pledges to spend R60bn on food
20/07/2011 - 14:30
Cape Town - Walmart's South African operations plan to purchase R60bn worth of food locally and employ 15 000 people over the next five years, Massmart CEO Grant Pattison said on Wednesday.
Woolworths profit to jump
19/07/2011 - 09:23
Johannesburg - Retailer Woolworths Holdings has reported group sales increased 9.4% for the year ended June 26 2011, with sales in comparable stores up 6.3%.
Massmart announces senior appointment to head up R100 million Supplier Development Programme
15/07/2011 - 10:01
In line with Massmart and Walmart’s commitment to develop local suppliers, Massmart announced the appointment of Mncane Mthunzi, current CEO of the Consumer Goods Council of South Africa (CGCSA), as Supplier Development Executive.
Walmart hearing may launch debate on new laws
14/07/2011 - 10:45
LOCAL competition attorneys plan to use next week’s parliamentary hearing into Walmart’s takeover of Massmart as an opportunity to warn against meddling with the country’s antitrust legal framework.
AVI sells Denny Mushrooms
13/07/2011 - 10:53
Johannesburg - Food group AVI will sell 100% of the issued share capital of and AVI's shareholder claims against Denny Mushrooms to Blue Falcon 134 Trading.
Massmart wants 100% of Fruitspot
12/07/2011 - 14:36
South African discount chain store Massmart, majority controlled by US giant retailer Wal-Mart, is looking to take over fruit and vegetable supplier The Fruitspot, a spokesman said on Tuesday.
Nestlé buys 60% of Chinese confectioner
12/07/2011 - 08:56
Singapore - Nestlé, the world’s largest food company, is paying a hefty.7bn for a 60% stake in confectioner Hsu Fu Chi International to move deeper into fast-growing markets in China.
Massmart sales up 12% over past year
11/07/2011 - 09:15
Johannesburg - Retailer Massmart Holdings said on Thursday that for the 52 weeks to 27 June 2011, total sales increased to R53bn - growth of 11.7% over the prior period - and comparable store sales grew 5.2%.
“Walmart effect” in South Africa as Pick n Pay supermarket to cut over 3000 jobs
11/07/2011 - 08:49
8 July 2011 - Nyon, Switzerland: UNI Global Union said today that the announcement from South African supermarket chain Pick n Pay that it plans to cut about 3137 jobs from its workforce is a clear sign of the “Walmart effect” it believes the world’s biggest retailer will have on South Africa as it prepares to enter the country.
SA retailers lose allure after Walmart
08/07/2011 - 16:42
Johannesburg - After a stellar run in the months leading up to US retailer Walmart’s R16.5bn bid for Massmart, South African retailers are now seen offering little value to investors.
Retailers: Beating Multinationals at their Own Game
06/07/2011 - 15:03
Walmart, the world’s largest retailer, is going ahead with its R16-billion acquisition of Massmart’s operations in South Africa, over the next five years. “Its entry poses major challenges for new and existing retailers locally, but it also presents opportunities for growth in terms of new technologies, improving supply chain efficiencies, global outsourcing and lower food and consumer goods prices,” says John Thomson, Managing Director of Exhibition Management Services, organisers of the Southern African International Trade Exhibition (SAITEX).
Massmart eyes online retail
05/07/2011 - 10:54
Massmart, which has just merged with US retail giant Walmart, is slowly gearing up to enter the burgeoning market of online retailing.
How to Survive and Thrive when New Competition Comes to Town
05/07/2011 - 00:00
Walmart’s entry into South Africa is set to have a profound and far-reaching impact on Africa’s retail supply chain. What are some of the ‘must do’s’ that every retailer will have to action to survive? How can smaller retailers meet the challenge? What will be the benefits and disadvantages of Walmart’s presence in the South African market? How will that impact local retailers?
Coega to include dairy plant
04/07/2011 - 07:48
Johannesburg - The Coega Development Corporation (CDC) will launch a dairy processing plant with an initial investment of R50m in September, it said on Wednesday.
Cosatu guns for Walmart, youth subsidy
01/07/2011 - 09:45
Johannesburg - Trade union federation Cosatu said on Thursday it is determined to see labour brokers banned, and said organised labour is facing two new threats in the form of Walmart and the youth wage subsidy.
Tribunal: Walmart will create jobs
30/06/2011 - 12:34
Johannesburg - Walmart's acquisition of a majority stake in Massmart Holdings raised no competition concerns, but did raise some public interest issues, the Competition Tribunal said on Wednesday.
What can The Cloud offer the FMCG world?
28/06/2011 - 13:32
Tighter margins and the constant need to reduce costs is placing enormous pressure on FMCG companies, who not only now compete in an environment of intense global competition, but who also need to shift fresh goods across an increasingly complex and often disjointed global supply chain.
Union pursues Walmart appeal
28/06/2011 - 13:07
Johannesburg - The South African Commercial Catering and Allied Workers' Union (Saccawu) has filed an appeal against the already-approved takeover of local retailer Massmart Holdings by US retail giant Walmart.
New tech for old fruits
28/06/2011 - 11:54
Green Cell Technologies' enhanced extraction process has transformed the fruit juice manufacturing industry.
Bribery Act spells trouble for UK food exporters
28/06/2011 - 11:39
A top lawyer has expressed concern that the UK's pending Bribery Act could lead to difficulties for food manufacturers exporting or producing abroad, especially to ‘high risk’ countries.
Morrison named CEO at Campbell Soup
27/06/2011 - 08:46
As expected, Campbell Soup Co. named Denise Morrison president and chief executive, effective Aug. 1, succeeding Douglas R. Conant, who served more than 10 years in that role, the company said Thursday.
Customers to realise immediate benefits from Walmart investment in Massmart
27/06/2011 - 07:29
Early start to the principle of “saving people money so they can live better”, a goal to create 15,000 new jobs and an additional R60 billion in food and FMCG procurement.
AVI sees earnings rise of at least 23%
23/06/2011 - 12:00
Johannesburg - Consumer group AVI expects consolidated headline earnings per share for the year to June to increase by between 23% and 33%, compared with the previous year.
Lovely lolly for Lamberti - Walmart deal brings in R249m to the top three at Massmart
23/06/2011 - 09:18
MARK Lamberti, chairman of Massmart, Grant Pattison, the CEO, and Guy Hayward, the CFO, cashed in shares worth R249-m as Walmart consummated its offer for 51% of the shares of Massmart.
Interview with Dale Good, CEO of GLS Supply Chain Equipment
23/06/2011 - 08:45
Last week we had the opportunity to sit down with Dale Good, CEO of GLS Supply Chain Equipment, and talk about the current state of distribution and logistics in South Africa. He gave us exclusive insights into the industry and offered his advice on how SA can optimise its operations and in doing so catch up with its foreign counterparts.
Wage talks deadlock
22/06/2011 - 12:34
Wage negotiations in the chemical, wood and paper sectors have deadlocked, the Chemical, Energy, Paper, Printing, Wood and Allied Worker' Union (Ceppwawu) said on Tuesday.
Not intended for sale in SA
22/06/2011 - 10:42
SHARP-eyed shoppers may have noticed some unfamiliar brands, or different variants of well-known brands, on the shelves in Shoprite/Checkers stores lately.
Retail sales rise sharply in bumper April
20/06/2011 - 08:16
Retail sales rose sharply in April, with annual growth jumping to 9.8 percent from 5.3 percent in March and far surpassing a consensus forecast of a 5.1 percent rise.
Squeeze on Shoppers Continues into May, state Synovate Retail Performance
15/06/2011 - 14:38
The latest footfall data from Synovate Retail Performance post further disappointing news for retailers. The UK Retail Traffic Index (RTI), the national indicator of non-grocery store footfall, shows that shopper numbers fell by 4.0% in May against the same month of 2010. Against April, there was a 3.4% decline.
Woolworths shares fall
14/06/2011 - 10:45
Shares of South Africa's Woolworths drop 2.6 percent as the retailer enters a closed period in which it will repurchase ordinary shares worth up to 500 million rand (.48 million).
Brics to welcome new African trade area
14/06/2011 - 10:36
Johannesburg - The trillion agreement to create a free trade bloc of African countries, signed by African leaders over the weekend, would serve as a considerable boost to the Brics accord, said Miller Matola, CEO of the International Marketing Council, on Monday.
Namibian court okays Wal-Mart's deal
13/06/2011 - 14:26
Wal-Mart has been given the go-ahead by a Namibian court to implement its.4 billion takeover of South African retailer Massmart pending an appeal to have conditions attached to the deal, a newspaper said on Friday.
The Power of On-Pack Cross Promotions
07/06/2011 - 14:52
Research commissioned by the Point of Purchase Advertising Institute, the global organisation for marketing in retail shows that not more than 50% of marketing budgets are allocated to below-the- line advertising when this is in fact where purchasing decisions are made.
Cadbury Dairy Milk to go Fairtrade in South Africa: a totally African Affair
07/06/2011 - 09:35
Johannesburg, South Africa, 7 June. Fairtrade Label South Africa (FLSA), the national member of Fairtrade International, and Fairtrade Africa, the network of African producer organisations, are pleased to confirm today that Kraft Foods much-loved chocolate slab, Cadbury Dairy Milk [plain], is to become the first Fairtrade certified confectionery brand in South Africa. Slabs carrying the FAIRTRADE Mark are due to appear on shelf towards the end of the year.
Old Mutual Trophy Wine Show 2001 Awards - An Unsurprising Surprise
06/06/2011 - 15:06
In the most closely contested race since the inaugural event in 2002, Spier edged ahead of Thelema Mountain Vineyards to take the Fairbairn Capital Trophy for the Top Producer at the 2011 Old Mutual Trophy Wine Show.
Walmart to focus on SA culture
06/06/2011 - 10:18
Cape Town - Walmart was apparently not surprised to find, in its research on South Africa, that most South Africans did not know the company at all.
Animal health tender won
03/06/2011 - 12:14
Cipla Agrimed, an animal health company, won a tender last month to supply all the nine provinces with several animal health products. Jerome Smith, the chief executive of holding firm Cipla Medpro, said yesterday.
6000 fishing workers on strike
03/06/2011 - 11:38
About 6000 Food and Allied Workers' Union members in the pelagic fishing sector will embark on a legal strike at various plants on the West Coast, in Gansbaai and Hout Bay, on Friday at noon, the union said.
Pyro Inspiration Awards third round selection
03/06/2011 - 10:33
Pyrotec has announced the third round of finalists for the 2011 Pyro Inspiration Awards, which aims to award innovative and exceptional on-pack devices.
Walmart to focus on frozen foods
03/06/2011 - 08:16
Rogers, Arkansas - As Walmart expands its international business, the company wants to bring ideas from Massmart Holdings [JSE:MSM] to other markets, company executives said on Thursday.
ASDA-IPL provides support to emerging South African table grape farmers
31/05/2011 - 08:06
BENTONVILLE, Ark., May 30, 2011: Walmart businesses ASDA and IPL, in conjunction with the South African Table Grape Industry (SATI), recently facilitated a visit of emerging table grape farmers to the United Kingdom.
Rise in factory gate prices eases
26/05/2011 - 08:03
Johannesburg - Producer price inflation - or the increase in factory gate prices - slowed to 6.6% year-on-year (y/y) in April, from 7.3% in March, Statistics SA said on Thursday.
Piracy scourge ‘raises costs for shipping groups’
26/05/2011 - 07:50
ESCALATING piracy along the east coast of Africa was having a "material" effect on the costs of shipping companies operating in the region, according to Grindrod CEO Alan Olivier.
Flat year for Adcorp but market share is up
26/05/2011 - 07:22
Employment services company Adcorp reported flat headline earnings for the year to February yesterday and conceded that the year had been challenging as a result of sustained political and regulatory pressure on labour broking.
Inflation subdued on food price drop
19/05/2011 - 07:58
INFLATION rose more slowly than expected last month, subdued by a surprise fall in food prices and fanning hope that price pressures may not build as fast as feared this year.
Del Monte Nabs Hershey's CEO
19/05/2011 - 07:44
Hershey Co.'s chief executive, David J. West, is departing for a considerably smaller and arguably less glamorous company but one that could provide a bigger payday down the road.
Campbell’s Cuts Packaging, Creates More Waste
13/05/2011 - 10:10
Campbell’s saved more than 4.5 million pounds of steel, plastic and paper packaging materials in 2010, but its waste disposal rate was up 15 percent, according to the firm’s latest corporate social responsibility report.
New jobs scarce in Western Cape
12/05/2011 - 08:14
Cape Town - The Western Cape economy is showing healthy growth, as indicated by the Sake24 and BoE Private Clients latest barometer information for March.
Massmart Walmart Merger - Summary of 10 May court proceedings
11/05/2011 - 08:41
With the third day of the Competition Tribunal Hearings into the Massmart Walmart merger underway, we have compiled a summary of the proceedings.
Tesco defector McCann exits Carrefour
06/05/2011 - 14:02
Former Tesco director James McCann has left Carrefour after less than 18 months with the French retail giant.
Vietnam coffee prices hit all-time high -traders
04/05/2011 - 11:45
Vietnamese robusta coffee prices rose nearly 3% on domestic markets in the past week to an all-time high of 50 million dong (24) a tonne on Wednesday, tracking gains in London robusta futures markets, traders said.
Zambia regulator clears Shoprite
31/03/2011 - 00:00
Lusaka - Zambia has cleared Africa's largest grocer Shoprite Holdings [JSE:SHP] over allegations of threatening to blacklist suppliers who dealt with its rival Pick n Pay Stores [JSE:PIK], the regulator said on Tuesday.
Australian Federal Court hearing regarding sale of Franklins to Metcash kicks off
14/03/2011 - 00:00
[Cape Town, 14 March 2011] The hearing of the Australian Competition and Consumer Commission's application for an injunction to prevent Metcash acquiring Franklins commenced in the Federal Court of Australia in Sydney on Monday 14 March.
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