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Retail Industry News by Category
Retailer trading results
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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.
20/01/2022
Woolies expects first-half headline profit to drop by up to 40%
Woolworths (Woolies) expects first-half headline profit to slump by up to 40%, with lockdown restrictions in Australia and civil unrest in SA hitting sales.
18/11/2021
Woolworths delivers festive season caution
Retailer Woolworths says that interruptions to its businesses in South Africa and Australia over the past several months, including the civil unrest and rioting in KwaZulu Natal and parts of Gauteng in July will have an impact on its results for the first half of the 2022 financial year.
03/11/2021
Dis-Chem sets new target as it opens 200th store
On Wednesday (3 November), retail pharmacy group Dis-Chem reported revenue growth of 16.6% to R14.9 billion for the six months ended August 2021 and a 35.3% increase in headline earnings per share (HEPS) to 48.7 cents per share.
20/10/2021
Pick n Pay is opening new up-market stores to go after Woolworths
Retailer Pick n Pay has published its financial results for the six months ended 29 August 2021, with the group reporting solid results after a period impacted by the Covid-19 pandemic and social unrest.
20/10/2021
Resilient performance in unprecedented times – Pick n Pay
Pick n Pay today published its financial results for the six months ended 29 August 2021.
19/10/2021
Dis-Chem anticipates more than 30% earnings growth for the half year
Pharmacy retailer Dis-Chem says it expects its earnings for the six months ended 31 August, to increase between 32.6% and 37.6%.
07/09/2021
Checkers goes after Woolworths as it opens more high-end stores in South Africa
Shoprite has published its results for the 53 weeks to 4 July 2021, reporting an 8.1% increase in sales for the period.
07/09/2021
AVI lifts annual profit
South African food producer and fashion retailer AVI reported a 6.2 percent rise in full-year earnings, boosted by lower net finance costs and an easing of Covid-19 curbs but warned of further price hikes to protect profit margins.
07/09/2021
Shoprite 2021 Financial Results Announcement
Another year of South Africa market share gains in 2021 as the Shoprite Group adds R12.6 billion in sales, creates 3 897 jobs and pays record dividend
16/08/2021
Massmart says foot traffic remains constrained with the impact of Covid denting consumer confidence
Massmart Holdings, the operator of Makro and Game stores, said in a trading update on Friday (13 August) that rising unemployment, along with extended levels of lockdowns and curfews, has adversely impacted consumer confidence.
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