Archive for August, 2012

JD Group Shoots the Lights Out

JD Group Shoots the Lights Out

August 30, 2012 |

JD Group “shot the lights out” in the ten months to June 2012 and looks forward to a “great” 2013, Chairman and Founder David Sussman told analysts at the presentation in Johannesburg on 27 August 2012. Sussman seemed unbothered by the factors that have qualified other recent results presentations such as rising unemployment, consumers borrowed […]

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Massmart on the move

Massmart on the move

August 23, 2012 |

Massmart profit up 38% Massmart is showing other retailers how it should be done despite tougher trading conditions for all retailers earlier in this year. Massmart reported a 38% increase in its headline earnings for its financial year ending 24 June 2012, it said on 22 August 2012. “Massmart’s first year as a Walmart subsidiary has delivered strong […]

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Lewis Results

Lewis Results

August 21, 2012 |

Lewis 4-month sales up 5% Furniture retailer Lewis Group said on 17 August 2012 that sales for the four months ended July 2012 increased by 5%‚ from the same period a year ago. “Trading in April 2012 was challenging mainly as a result of the Easter holiday period. However‚ sales improved steadily from May onwards‚ […]

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Volatile Rand impacting on Retailers

Volatile Rand impacting on Retailers

August 1, 2012 |

Tech importers deal with the volatile Rand The liquidity of the Rand means a “roller-coaster ride” for companies which depend on importing products for retail in South Africa, “but big tech retailers are quick to point out that such a big component of their businesses is definitely factored into the equation”. A movement in the […]

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