Mail & Guardian
Mail & Guardian
mr pricelatest news & developments
Making it: Michelle and Morongwe Mokone are the co-founders of Mo’s Crib, which produces decor items out of recycled materials.

Sisters in sustainability: The inspiring journey of Mo’s Crib

The siblings turned a passion for eco-friendly design into decor company Mo’s Crib

Major JSE–listed clothing retailers have rejected the department of employment and labour concerns that they are “unwittingly” supporting “inhumane and sweatshop conditions” in the clothing and textile sector in KwaZulu-Natal, insisting that they adhere to regulations. (Photo by: Jeffrey Greenberg/Universal Images Group via Getty Images)

JSE-listed clothing retailers want labour department to shut down sweatshops

The South African Clothing and Textile Workers Union has said people are working from 10 to 16 hours a day, seven days a week for as little as R120 to R200 a week

Departure of CFO ‘inevitable’ as Mr Price counts its costs

The retailer has struggled amid more intense competition and as consumers continue to feel the pinch

A stitch in time: Small Street, in down town Johannesburg, has many fast-fashion outlets. Photos: Moeletsi Mabe

The Cost of Fast Fashion

Quality or quantity? The bind of fast fashion

Delivery service: Amazon centre in London. The pandemic disrupted the analogue business models of South African retailers to the online world. Amazon is an even bigger disruptor lying in wait. Photo: Getty Images

Amazon to eat Woolworths, Shoprite and Takealot lunch?

The pandemic may have disrupted the analogue business models of South African retailers to the online world. Amazon, unlike Walmart, is possibly an even bigger disruptor lying in…

If you build it, they will come: Mall construction in QwaQwa. Big retailers have been growing their presence in township malls for a couple of decades; now they are trying out smaller formats too. (Delwyn Verasamy/M&G)

A bigger slice of the pie: Retailers find ways to cash in on township economy

The South African informal economy market is much sought-after, with the big, formal-sector supermarkets all looking to grow their share

Hard sell: South African retailer Shoprite has announced the closure of its stores in Nigeria (above) and Kenya, but retains a footprint in several other African countries.  (Aminu Abubakar/AFP/Getty Images)

Shoprite among firms that failed in Africa, Europe, Australia

Corporate South Africa is feeling the Covid-19 pinch. But is there space for growth domestically?

Top South African companies trip up in Nigeria

Local firms have struggled to adapt to the regulatory environment and the dynamics of an unpredictable market

Crowds at the Mall of Africa. File photo by  Gianluigi Geurcia/AFP

Debt Act not a relief for everyone

The financial sector has been accused of being hysterical about amendments to the law. But there are some genuine concerns

Two retailers that bucked the trend were healthcare product retailer chain Clicks and fashion retailer Foschini. (John McCann/M&G)

Skint citizens shun market darlings

Unemployment, state debt and public sector burden and structural rigidities will affect growth

Mike Vacy-Lyle, chief executive of FNB Business

Being an entrepreneur in South Africa – ‘the art of the hustle’

Hustlers have audacious goals and are not afraid of taking risks

Moshopyadi Hannah Heil of Reputation House

Q&A with Moshopyadi Hannah Heil of Reputation House

It’s absolutely vital to know what drives the reputation of the industry one is in

The National Credit Regulator says it will consider appealing the judgment.

High court ruling could unleash flood of new credit applications

TransUnion CEO Lee Naik stressed the ruling does not scrap the entire National Credit Act regulation, which makes provision for responsible lending

Some say the decision to scrap the need for borrowers to provide documented proof of income will result in reckless lending but others believe it is a fair decision.

Credit ruling gets mixed reaction

Both those for it and against it want responsible lending but are at odds over how it should be done

Mr Price leads clothing retailers lower as sales lag inflation

While store sales increased 10.5% in the final quarter of 2013, it could not match the rise in costs the company said.

Mr Price’s profit up on cash sales

Mr Price says it has chosen not to focus on chasing credit sales and has benefitted from a cash sale growth of 15.1%

Disadvantaged pupils get work experience

Pupils from disadvantaged backgrounds will receive work experience as part of a project recently launched by ORT South Africa.

Mr Price third-quarter sales up

Clothing and home goods retailer Mr Price Group posted an 8,4% rise in third-quarter sales, bolstered by its apparel unit.

Mr Price profit up by 16%

Fashion and home goods retailer Mr Price said profit per share for the year to end-March rose 16% and it expected to gain market share.

Foschini sales up 8,7%

South African clothing retailer Foschini posted an 8,7% rise in third-quarter revenue on Friday, thanks to new stores.