08/06/2022
Big changes coming to Spar stores in South Africa in the coming months
Retail group Spar has warned of increased inflationary pressures in the coming months, with consumers expected to remain under financial strain as the cost of living increases.
23/05/2022
Dis-Chem revenue passes R30 billion for the first time as it reports change in shopping habits
Pharmacy retailer Dis-Chem on Monday (23 May) reported strong revenue growth of 15.7% for the 12 months ended February 2022, exceeding R30 billion for the first time (R30.4 billion), with consumers resuming their pre-pandemic routines and shopping habits.
17/05/2022
Pick n Pay delivers resilient performance with solid turnover growth, despite civil unrest
Pick n Pay published its financial results for the year ended 27 February 2022.
28/04/2022
Dis-Chem flags profit rise as it integrates new acquisitions
Pharmacy group Dis-Chem says it is pleased with the performance of its businesses given general pressure on consumers, with profits up by more than a quarter in its year to end-February.
07/04/2022
Pick n Pay posts 5% increase in sales - with strong growth in clothes, booze
Pick n Pay grew its sales by more than 5% over the past year, with its clothing division seeing 21% growth and the group’s liquor sales increasing by more than 57%.
09/03/2022
Shoprite profit jumps 25%, with Checkers sales up more than 11%
Shoprite has seen strong half-year growth in profit and sales despite the impact of the July 2021 unrest.
02/03/2022
Woolworths reports strongest balance sheet in eight years
Woolworths has reported its strongest balance sheet in eight years despite a decline in performance.
16/02/2022
Spar’s sales up 5.8% to R45.5 billion as the end of liquor restrictions give it extra cheer
Spar’s share price surged 5.1 percent in intra-day trade yesterday (15/02/2022) after the retailer saw robust trading for the 18 weeks to January 29, 2022, boosted by the lifting of liquor bans related to the Covid-19 pandemic.
14/02/2022
Dis-Chem reports revenue growth amid shift in consumer dynamics
Dis-Chem Pharmacies reported revenue growth of 15.3% to R12.7 billion, in the 21 weeks from 1 September 2021 to 26 January 2022, compared to the corresponding period in the prior year.
31/01/2022
Massmart reports lower sales following Covid-19, unrest and supply chain challenges
Makro owner Massmart’s group sales fell for the year ended 26 December 2021, following a period marked by Covid-19-related alcohol sales bans, looting and global supply chain shortages.
28/01/2022
Shoprite's sales increased by 10% despite riot fall-out
Retailer Shoprite reported solid sales for the past six months, with growth of 10% to R91 billion.
25/01/2022
Clicks earned R685m from vaccines in five months
In a trading update for the 20 weeks to 16 January, Clicks says its total turnover increased by 10.4% to R15.1 billion.