Food shines for Woolworths as retailer’s other divisions struggle
CEO Sam Ngumeni acknowledged that 2026 was a tough year for Woolworths
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CEO Sam Ngumeni acknowledged that 2026 was a tough year for Woolworths
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Since launching in Cape Town in 2011, Takealot has grown from a local online retailer into South Africa's most valuable online retail brand.
The retailer is pessimistic about its performance in 2026.
The group said its like-for-like net property income increased by 10.6%, supported by increased tourism, higher footfall and improved retail performance.
The retailer is looking at reducing 22 000 workers' pay and changing working conditions.
The retailer opened 19 stores in 20 weeks.
According to trade unions, the retailer is considering reducing working hours and cutting some benefits, such as the 13th cheque.
In its debut on the group's books, the European retailer contributed to the group's overall 45% increase in sales for the 13 weeks ended June 2026.
Retail group will hold a 57.1% stake in the combined business as it targets growth in SA's informal merchant market.
Every single Sixty60 order by a Spar shopper chips away at that retailer's very foundation.
Continental Linen's Hillel Kahn shares how authenticity, persistence and practical thinking helped build a national retail brand.
Woolworths is the latest retailer to introduce an AI assistant after Checkers Sixty60 and Pick n Pay.
However, even if global coffee and cocoa prices go down, it does not mean retail prices will also decrease.
The retailer is set to open its first standalone cellular store called Edgars Connect.
Retailer says only personal information and limited credit card information were compromised.
Some vertical integration is inevitable as both retailers seek to protect their turf.
Capitec is the youngest and the only bank in the country's Big Five that does not operate retail branches abroad.
Employees in retail stores and distribution centres will not be affected by retrenchments.
When Brent crude oil spikes, petrol prices follow within weeks. That means higher transport, food and retail costs.
Ngumeni will take the reins on 1 June 2026 after holding various positions at the retailer for nearly 30 years.
Spar's four executive directors cost the retailer north of R58.8 million in salary packages in 2025.
The retailer said it expects its headline loss per share to be more than 20% higher than last year's.
But continues to hold a stake in the retailer worth R1bn.
Labour Court hears dispute as Motus defends SA Retail realignment plan, denying salary cuts, coercion and unilateral action claims made.