Spar delivers blow to investors
The retailer is pessimistic about its performance in 2026.
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The retailer is pessimistic about its performance in 2026.
Since launching in Cape Town in 2011, Takealot has grown from a local online retailer into South Africa's most valuable online retail brand.
CEO Sam Ngumeni acknowledged that 2026 was a tough year for Woolworths
It may be dawning on the group that the real power lies in the 'voluntary' guild itself.
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.
Every single Sixty60 order by a Spar shopper chips away at that retailer's very foundation.
Woolworths is the latest retailer to introduce an AI assistant after Checkers Sixty60 and Pick n Pay.
The retailer is set to open its first standalone cellular store called Edgars Connect.
And it's great business - with (highly profitable) revenue from 'fulfilment services' almost doubling in a year.
'We allowed our cost base to outgrow revenue for too long.'
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.
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.
But serious questions remain about the apparel retailer’s strategy, growth …
Businesses that add a surcharge are in breach of Section 23 of the Consumer Protection Act.