Analysts struggle to call race between Shoprite and Pick n Pay

The battle for market share between South Africa's retail giants Shoprite Holdings and Pick n Pay seems to be hotting up.
 

Flexible Conveyor systems appointed official distributor of Flexlink - Turnkey conveyor solutions for lighter product handling

Flexlink, a class leading conveyor system that has been offering lighter product handling solutions to diverse manufacturing industries across the globe for over 30 years, is now officially represented in South Africa by Flexible Conveyor Systems.

 

Truworths sees earnings 10-13% higher

Johannesburg - Retail groupTruworths International [JSE:TRU] anticipates that both basic and headline earnings per share for the 52 week trading period to 28 June 2010 will be between 10% and 13% higher than those reported for the 52 week period to 28 June 2009.
 

US: Retail sales drop again In June

Overall retail sales in the US fell in June, the second straight month they have done so, highlighting worries that the recent resurgence in the market could fade during the second half of the year.
 

UK high street sales fall for second month, reports CBI

The volume of sales on the high street fell again in June, compared with a year ago, according to the latest CBI Distributive Trades Survey. But the decline was slower than expected and than last month, and retailers are hopeful sales will pick up in July, partly because of the impact of the World Cup.
 

The Checkout report: latest US shopper trends

Shopping lists and how shoppers are using them in a post-recession economy is the theme of the latest Checkout report, which is based on a nationally representative survey of 1,200 US adults conducted monthly by M/A/R/C Research.
 

Shoprite still leader of the pack

Johannesburg – Shoprite Holdings [JSE:SHP] continues to assert its market leadership, analysts said on Thursday, after the group posted impressive sales figures for the financial year to end-June 2010.
 

Spar 'enhances' with branded pharmacy option

In line with its retail expansion plans, supermarket group Spar on Wednesday, 14 July 2010, announced the launch of its first branded pharmacy at Spar Shelly Beach in KwaZulu-Natal.
 

Consumers plan less discretionary spending

South African consumers, who have had a rough ride over the past couple of years, plan to decrease their discretionary spending, a new survey has found.
 

Retail sales exceed forecasts

Retail sales accelerated at the fastest pace in more than two years in May, above expectations and boosting hopes of a stronger recovery in consumer spending, the economy's main engine.
 
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South Africa looks to China for infrastructure lift

BEIJING - South African President Jacob Zuma on Tuesday urged China to invest more in infrastructure and manufacturing in his country, as his government seeks to broaden South Africa's economic appeal beyond mines and resources.

DTH delisting sanctioned

The court has sanctioned JSE-listed Dynamic Technology Holdings' (DTH's) buyout by Xantha Properties, the last approval the company needed for the deal to go ahead.

Nashua Mobile preparing for LCR market shift

Nashua Mobile, the independent telecommunications service provider in the Reunert Group, is moving ahead aggressively with new partnership agreements and the development of new products to prepare for reductions in mobile interconnect rates over the next three years.

SA economic drag anchors fully deployed

Reportedly, the Reserve Bank may only consider cutting interest rates if growth takes a (decided) turn for the worse and inflation remains non-threatening, with downside risk.

June retail trade sales expected to increase

SOUTH African retail trade sales at constant (2008) prices for June are expected to increase to 7.4% year- on-year from 4.6% in May, according to a survey of leading economists.



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