The Cotton On Group predicts 20% festive season growth

The Australia-based Cotton On Group, the fashion retail group, is predicting its strongest festive period yet in South Africa, with an expected 20% growth in year-on-year sales. The expectations have been bolstered by the retailer’s rapidly expanding South African footprint, in which the group has opened five new stores in December alone. Now at 153 […]

Edcon CEO vows to bring back glow.

EDCON’s new Australian CEO Bernie Brookes promises the faded retail giant’s star will shine brightly again. “We sit in the middle of four (major) competitors and don’t really stand for anything,” Mr Brookes said on Wednesday. Mr Brookes has been in the job for about two months, following a nine-year stint as CE of Australian […]

The Shopper Revolution

Rewind a couple of years and you’ll find that it’s not so long ago that we had to wait all weekend for the store doors to re-open. So says Charlene Olivier, creative director for the Shopper unit at Grey Africa. Remember when we purchased en masse on a Saturday morning, just to be sure that […]

Footwear proves good e-sales fit for TFG

Shoes, electronics and homeware gifts are among The Foschini Group’s (TFG’s) top e-commerce sellers. The retailer, which owns brands such as @Home, Totalsports and Duesouth, launched “omni-channel retailing” last year to encourage customers to make purchases whether they are in a store or using a tablet, phone or computer. In a retail market worth more […]

Edcon refinances debt as retailer seeks more shoppers.

Edcon Holdings has agreed with lenders to a debt refinancing that will see SouthAfrica’s biggest clothes retailer reduce borrowings by R4.5 billion ($313 million), easing the pressure on its balance sheet and enabling the company to pursue a turnaround plan. The owner of the Edgars and Jet chains agreed to extend the maturity of more than […]