Retail Sale News Updates

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Kirin's electric spoon leaps from Ig Noble infamy to the dinner table

Japanese drinks giant Kirin Holdings will start selling an electrified spoon that researchers says can promote healthier eating by enhancing salty tastes without extra sodium.Mondays product launch marks the first commercialisation of techn
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20 May 2024

Richemont's luxury goods sold better in stores last year than online

Richemonts sales of watches and other luxury branded products increased 3% to an all time high of 20.6 billion (R407bn) in its year to March 31, as sales grew across all regions and almost all channels excluding online, with growth led by Asia-Pac
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20 May 2024

Rand soars but SA economy keeps struggling in first quarter

The Rand has risen to its highest level since July 2023 on US dollar weakness this week, but the countrys economy keeps struggling as evidenced by another poor showing on the local industrial data front, with mixed internal trade data. I
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17 May 2024

Electric trucks, a revolution SA needs to be ready for

Once considered a fringe concept, electric trucks have become a tangible solution to reducing carbon emissions and operating costs in the transport sector, says Joubert Roux, co-founder of renewable energy company, Zero Carbon Charge. Durin
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17 May 2024

Checkers Sixty60 to expand beyond groceries

Shoprite Groups Checkers Sixty60 app is getting a major overhaul, with the retail group promising "lightning-fast delivery" of 10 000 larger-sized products from its Checkers Hyper stores with same-day fulfilment. New delivery va
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17 May 2024

Trade conditions improve to best level in 2024 on load shedding suspension

TRADE conditions in South Africa are expected to improve in the next six months after reaching this years best level during April on the back of load shedding being suspended the whole month, though the high rate of crime is still a major concern.
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17 May 2024

Walmart lifts sales, profit forecast, shares hit record high

Walmarts stock rose as much as 7.3% to a record high of $64. 22 in early trading. The stocks surge has boosted its valuation past 25 times expected earnings, up from a 10-year average valuation of about 20, according to LSEG data .
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17 May 2024

Morning Snapshot: Rand, JSE rise after data shows US inflation slowed

THE rand gained slight traction against a weaker dollar on Thursday morning after softer US data reinforced expectations that the US Federal Reserve will start lowering interest rates in September.The dollar index fell to around 104.2, hove
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17 May 2024

JSE rallies to 1-year high on higher gold, platinum prices

The JSE rallied to its highest level in more than a year yesterday, mirroring its global peers, buoyed by resource-linked stocks on the back of the first monthly decline in US inflation since January.The all share index rose 0.9% to 79361 p
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16 May 2024

Retail sales show uptick for March

Retail sales increased by 2.3% in March from a revised 0.7% year-on-year contraction recorded in February. The latest increase follows two consecutive months of decline in retail activity. According to Stats SA, four of the seve
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15 May 2024