
The day retailers wage a bitter war for the consumer's last rand
Big guns have not cut their inventory-to-sales numbers for nothing. They sense hard times ahead. Black Friday and Cyber Monday buyer beware!
29 November 2019 | Free Market EconomyBig guns have not cut their inventory-to-sales numbers for nothing. They sense hard times ahead. Black Friday and Cyber Monday buyer beware!
29 November 2019 | Free Market EconomyCompetition Commission wants domination by the big four chains stopped to open up markets for smaller players.
26 November 2019 | Free Market EconomyBankservAfrica said last year South Africans spent R2.89 billion on Black Friday sales, a 15.92 percent rise in sales compared with 2017’s R2.49bn.
7 November 2019 | ShopriteOnline retail is projected to reach 1.4 percent of total retail in SA, based on an estimated R1 trillion to be spent via traditional channels in 2018.
6 November 2019 | EconomyPick n Pay on Monday unveiled weekly exclusive Black November "teaser" deals for its online customers across Gauteng and the Western Cape.
5 November 2019 | Free Market EconomyPick n Pay CEO Richard Brasher said Pick m Pay and Boxer stores now appealed across a very broad range of incomes, preferences and communities.
23 October 2019 | CompaniesPick n Pay’s store in Nicol Way, in Johannesburg reopened on Thursday strengthening the retailer’s Next Generation store concept.
17 October 2019 | CompaniesAhead of Black Friday 2019, Pick n Pay will run its “Black Friday Trial Run” deals on 27 September 2019.
27 September 2019 | CompaniesCEO says this is purely the accounting consequence of IFRS 16, and it is important to note the group has no long-term debt.
26 September 2019 | CompaniesThe constrained South Africa consumer has become especially elastic with respect to demand, seeking specials and sales to be enthused to shop.
21 August 2019 | ShopritePick n Pay said that it would continue to engage SA competition regulators to address concerns about the retailers market dominance in shopping malls.
30 July 2019 | CompaniesPick n Pay on Monday launched a ‘nude’ fruit and vegetable produce wall.
1 July 2019 | CompaniesThe group said Brasher had successfully implemented the strategy to reset the long-term earnings trajectory of the group.
11 June 2019 | CompaniesPick n Pay reported strong results on Friday as the JSE-listed retailer reaped the rewards of its strategy over the past six years to reduce costs.
29 April 2019 | CompaniesRetailer Pick n Pay said on Friday its diluted headline earnings per share were up 26.1 percent during the 53 weeks to March 3.
26 April 2019 | CompaniesPick n Pay, one of South Africa’s largest supermarket chains, yesterday rose after the group reported turnover growth of almost 10%.
9 April 2019 | Companies