25/01/2021
Healthy appetite for Woolworths food offsets Covid-19 pressure
Robust demand in Woolworths’ food division helped offset Covid-19-related pressure in Australia and its fashion business in the last half of 2020, the retail group reports.
15/12/2020
Food retailers score from the lockdown, report shows
Competition Commission expresses concern over inflation of meat prices across the board
27/11/2020
Food Lover’s trading up 24% amid tough conditions
Food Lovers’s Market says its groceries and perishables were up 37 percent for the year and 44 percent for the past six months.
19/11/2020
Woolworths reports sales fall as shoppers avoid larger malls
Retail group Woolworths says the changes to consumer behaviour due to Covid-19 remain in place, including fewer visits to larger malls and city centres, and a reduced demand for formalwear.
18/11/2020
Spar gets revenue boost as consumers go local due to Covid-19
Retail group Spar says it has benefited from a Covid-19-induced trend where consumers opt for local and convenience stores rather than crowded malls, with revenue jumping double digits in its year to end-September.
16/11/2020
Ban on liquor sales during lockdown dents Shoprite’s growth
Africa’s largest retailer Shoprite says lockdown restrictions on liquor trade cut sales growth in its core SA market by more than half in the three months to September, partially masking the effects of market share gains.
05/11/2020
Dis-Chem delivers 8,1% group revenue growth, increases HEPS by 16,1%
In the six months to 31 August 2020, Dis-Chem continued to report revenue growth of 8,1% to R12,8 billion and a 16,1% increase in headline earnings per share to 36 cents per share, despite a challenging trading and economic environment, reiterating the defensive nature of the business.
23/10/2020
Clicks Group reports rise in annual earnings despite Covid-19
Clicks Group reported a 13.7 percent increase in annual earnings on Thursday, despite the Covid-19 pandemic, as the company continued to operate during the lockdown because it was categorised as an essential service.
20/10/2020
Resilient and fit for the future
Pick n Pay today (20/10/2020) published its interim results for the six months ended 30 August 2020.
08/10/2020
Pick n Pay blames alcohol, tobacco and clothing sales ban for halving of profits
Raymond Ackerman founded, Pick n Pay expects headline earnings to tank by as much as 60% when it reports its interim results later this month. The retailer is due to publish its interim financials for the 26 weeks ended 30 August 2020 on 20 October 2020.
21/09/2020
Spar Group realises muted sales growth in hard lockdown aftermath
The Spar Group in southern Africa felt the impact of the hard lockdowns and restrictions imposed to contain the spread of Covid-19 in the region, with sales improving a mere 4.8 percent during the 48 weeks to end August from 12.4 percent the prior year.
17/09/2020
Woolworths Foods standout performer as retailer reports 54.5% fall in profits
Woolworths Foods stood out as the star performer for the struggling retailer, which reported a 54.5% drop in profits to R2.2 billion after changes in accounting standards for the 52 weeks to end June 18. Headline earnings per share (HEPS) fell 64.8% to 116.2 cents.