Massmart and other retailers ramp up online offerings

E-commerce surged during the lockdown and is expected to play a big role in future SA retailing

High-end handbag maker Hermès rebounds as online sales surge

Luxury retailers were hit hard by the pandemic lockdown, but even the iconic maker of Birkin bags allows that online is now their ‘biggest store’

Clicks ups final dividend to R1.1bn after Covid-19 boost to distribution unit

Online sales increased by 361% in the group’s six months to end-August, the second half of its financial year

Distell bosses need to own more shares, says activist shareholder

That said, pay for Distell senior management in 2021 will be 12.5% lower than in 2020

WATCH: How lockdown weighed on Pick n Pay

Pick n Pay CFO Lerena Olivier talks to Business Day TV about the company’s interim performance

Long4Life eyes share buybacks rather than acquisitions

No opportunities have come Long4Life’s way that would be a better use for its cash than buying back its undervalued shares, says CEO Brian Joffe

Weekend booze ban makes no sense, says Pick n Pay chair

Gareth Ackerman criticises regulations that allow consumers to buy alcohol at pubs but not retailers

Dettol maker Reckitt raises full-year outlook as pandemic lifts demand

CEO Laxman Narasimhan is banking on longer-term demand for soap and disinfectants beyond the pandemic

JSE hits Steinhoff with its highest fine ever for faulty financials

The JSE imposed a R7.5m fine for incorrect, false and misleading statements and a further R5m for failing to disclose an asset disposal

Pick n Pay to buy Bottles delivery app

Alcohol on-demand app has branched out into grocery deliveries, offering more than 7,000 products

Pick n Pay halves dividend after R2.8bn Covid-19 sales hit

Lockdown weighs on group revenue amid restrictions on customer numbers and reduced trading hours

Louis Vuitton owner Bernard Arnault bags $8bn in a week as luxury goods bounce back

Arnault’s LVMH has posted unexpectedly strong third-quarter results as lockdown fatigue spurs spending

State shouldn’t target foreign traders, says Pick n Pay’s Ackerman

Gareth Ackerman also praised the country’s food retailers for keeping the nation fed during the lockdown

Famous Brands gives up on UK's Gourmet Burger Kitchen

Group says there could be an insolvency sale of the business and assets

Crushing the Beetle, VW moves to small SUVs with the Taos

The move towards crossovers and away from sedans has been relentless, with SUVs and trucks likely to take more than 70% of the US market

Choppies shareholders sue PwC for R653m over audit report

CEO Ramachandran Ottapathu and founding member Ismail Farouk accuse firm of breach of independence


Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.