Mail & Guardian
Mail & Guardian
retail saleslatest news & developments
File photo by Delwyn Verasamy/M&G

Ombudsman pays back R12.1 million to consumers

Shoppers have had a rough time navigating online purchasing, which is rife with ‘deceptive practices’

South African retail trade sales recorded an eighth consecutive month of year-on-year decline in July, contracting 1.8%. (Dwayne Senior/Bloomberg via Getty Images)

Retail sales continue downward trend in July

Retail trade sales decreased for the eighth consecutive month showing that consumers are still cash-strapped

Year-on-year growth in retail sales slows down in August compared with July

On a month-on-month basis retail trade sales decreased for the fourth consecutive month showing that consumers are still cash-strapped

‘I am here, really, to preserve as many of the jobs as possible,’ says Edcon group CEO Grant Pattison on saving the owner of Jet, Edgars and CNA

Saving Edcon is about saving jobs, says CEO

But the retailer’s recapitalisation plan rests on securing a new investor, and its landlords and lenders being on board.

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

Analysts had expected the uptick, with NKC Economics anticipating sales would come in at 2.5%. The figures were still higher than the annual 0.6% growth recorded in September. (Reuters)

October retail sales accelerate to 2.2%

The highest annual growth was recorded for retailers in household furniture, appliances and equipment, which was up 10.1%

‘South Africa’s retailers provide a perfect example of understanding how firms can entrench their market power to the detriment of overall development

Retail sales grow as household consumption recovers

Growth was seen across all retail categories with the largest seen in household furniture, appliances and equipment

(AFP)

Tough times drive Black Friday

Bricks-and-mortar and online retailers are sitting pretty, but did consumers really win?

Spending on durable, semi-durable and nondurable goods declined. (Reuters)

Economic week ahead: SA shows rise in retail sales

South African retail figures show an increase, business optimism in the US may spike, and Europe’s Sentix gauge could slip further this week.

Economic week ahead: Signs of slowing growth

An index measuring economic activity in SA shows the biggest decline in several years – but one bright spot is an expected increase in retail sales.

The magnificent march of SA’s malls

The emerging middle class and urbanisation are driving the growth of new retail shopping centres in the country.

The higher producer prices come after consumer inflation also bucked consensus expectations, shooting through the upper limit of the Reserve Bank’s target in May. (Oupa Nkosi, M&G)

Growth risks mount even as SA dodges a recession

GDP data is expected to show SA rebounded from a contraction but there still remains little momentum to spur economic growth.

Smartphone demand has also been driven by the massive uptake of WhatsApp.

Massive increase in SA smartphone purchases

The numbers from South Africa’s largest mobile phone retailer show a massive shift is happening in the smartphone market.

Amazon has not paid federal tax in the United States for the past two years. Governments are trying to claw back this lost revenue. (Reuters)

Chasing the e-tail a costly investment

Online shopping is increasing rapidly in South Africa, but financiers need deep pockets.

Opinion: The parasites of finance never seem to go away

American equities analyst and author Barry Ritholtz writes about money-wasting financial models that have managed to survive the decades.

South Africa and the United States will report retail sales numbers this week.

Economic week ahead: SA’s latest retail sales figures

South Africa’s business confidence index readings and Stats SA’s March retail sales figures are due out later this week.

Retail trade between October and November increased by 1.2% and November retail trade increased by 4.2% year on year.

November retail trade sales beat expectations

November retail trade was up by more than 4% from last year, Statistics South Africa has said.

Retailers take heed as gift cards become popular again

Retailers have been getting creative with their gift card offerings as they realise their increasing value among shoppers.

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%

SA retail stocks advance for second month

South African retail stocks have risen for a second month, on speculation that the US Federal Reserve will maintain stimulus.