Entries by Gabi Traut

SA shopping malls continue to thrive, despite contrary views

Article found on BizCommunity Recent suggestions that large shopping malls in South Africa are dying or becoming redundant are simply not accurate. While malls may be changing hands, those being sold within the property industry are undergoing revamps to meet evolving shopper needs. Surine Griffin, chief operations officer at Broll Property Management, says while it […]

Shoprite Group offers unemployed youth employment and careers

Article found on BizCommunity Unemployed and unskilled South African youth (aged 18 to 34) are now invited to apply for specialist training and educational programmes at the Shoprite Group throughout the year. With youth unemployment at a staggering 63.9%, the Group’s talent attraction and development strategy places a strong focus on offering early careers to […]

Ackermans brings international kidswear brands to SA market

Article found on BizCommunity   South African value retailer Ackermans has introduced two international brands, Lilly + Sid and Turtledove London, to its kidswear range in select Ackermans stores. Pepkor-owned Ackermans notes that globally, consumers are calling for the fashion industry to prioritise mindful sustainability and an ethical agenda. In a bid to contribute towards […]

TFG upbeat about growth despite load shedding, economic pressures

Article found on BizCommunity   Fashion and lifestyle retail group TFG grew retail turnover for the first half of the financial year by 23.5%, boosted by its Tapestry Home Brands acquisition, local clothing manufacturing drive and continued store rollout and upgrades. The group, which owns retailers including Foschini, Markham and @home, said it achieved this […]

Cape Union Mart Group launches design studio to drive localisation

Article by Lauren Hartzenberg on BizCommunity.   With a goal to produce 65% of products locally by 2028, the Cape Union Mart Group has launched the Green Thread Studio, a creative hub to facilitate the growth of local clothing design and production. The design studio will be the core design and production hub for Poetry, […]

Truworths plans major new distribution centre in Cape Town

Article published on BizCommunity. Truworths has signed a deal to build a new “world-class” Western Cape distribution centre in Cape Town’s King Air Industria, an Atterbury Property and Old Mutual Properties industrial development. The project is a joint venture between King Air Industria and Truworths Limited. Consolidating Truworths facilities Developed by Atterbury and tailor-made for […]

Retail and the metaverse: A new world of consumer connection

Article found on BizCommunity The metaverse could be a market worth $800bn by 2024, according to Bloomberg Intelligence. Although not a new concept and with a long road ahead, the word “metaverse” has been on everyone’s lips since Facebook rebranded itself as Meta and thus positioned itself as a major player in the new virtual […]

Nike buys NFT fashion and collectibles startup RTFKT

Article found on BizCommunity Sportswear giant Nike, Inc. has acquired RTFKT, a virtual sneaker and collectibles startup, for an undisclosed sum. Launched in 2020, RTFKT has gained popularity recently for making sneakers and collectibles for the metaverse. In a statement issued by Nike, RTFKT is described as “a leading brand that leverages cutting-edge innovation to […]

TFG to beef up local manufacturing

Article by Nqobile Dludla on BizCommunity   Fashion retailer TFG wants to locally manufacture 30 million pieces of clothing a year within four years as it increasingly turns away from global supply chains, its CEO said after the company swung to a half-year headline profit. South African retailers, some of which are still heavily reliant […]