Euro-Zone retail sales rose in May

Retail sales in the 16 countries that use the euro rebounded modestly in May as the start of the soccer World Cup approached, while figures for previous months were revised to show slightly less anemic growth.
 

U.S. retailers pushing to expand overseas

With Americans cutting back on spending, even retailers that had resisted opening foreign branches are now setting up shop outside the U.S.
 

Demand boosts used car prices

Johannesburg - Used vehicle price inflation continues to rise, a study released on Monday showed. According to consultancy TransUnion's Vehicle Pricing Index (VPI), the first-quarter trend of falling new vehicle price inflation and rising used vehicle price inflation continued into the second quarter of 2010.
 

New vehicle sales trump expectations

Johannesburg - New vehicle sales for June in every segment of the market generally exceeded industry expectations which had anticipated some moderation, the National Association of Automobile Manufacturers of SA (Naamsa) said on Friday.
 

Online sales set to triumph

Online retail is expected to be the hero amid sluggish growth for the retail sector overall according to the second annual PayPal Online Retail Report*, undertaken by Experian. Against bleak growth prospects for the wider economy online retail is set to benefit significantly from improved internet access and shoppers’ belief that the internet can save them money.
 

Credit card spending picking up slowly

Spending on credit cards was starting to pick up as rising wages and lower interest rates gave people more confidence to spend and reduce their accrued debts, Standard Bank, the country’s biggest issuer of credit cards, said yesterday.
 

Credit up but spending still tight

Johannesburg - Credit growth among South African households has passed its lowest point, but experts say consumers will in future think twice before reaching for their credit cards.
 

Carpetright profit rebounds but outlook gloomy

Britain's biggest floor coverings retailer, Carpetright, posted a rebound in full-year profit as it gained share in a falling market but is planning for consumer demand to remain subdued in 2010-11.

 

Woolies moves into liquor market

Johannesburg – Retail group Woolworths Holdings [JSE:WHL] said it is investigating opportunities in liquor retailing after successfully selling wine for some time.
 

Japan retail sales rise at slowest pace since January

Japan’s retail sales rose at the slowest pace since January, a sign that government incentives to purchase cars and household appliances are fading.
 
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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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