Mr Price earnings jump 22%
Fin24/ Reuters - Nov 13th, 14:36
Johannesburg - Retailer Mr Price on Tuesday posted interim earnings growth of 22% because of sales growth and said it plans to open over 40 stores in the second half of the year.
Mr Price said diluted headline earnings per share rose to 283.6 cents for the six months to end September from 232.5 cents last year.
The company's total revenue, which includes retail sales and other income, rose 14.8% to R7.2bn.
Mr Price said it plans to open 43 stores in the second half of the year after opening 12 stores in the first six months. Two of its recently opened stores were in Nigeria, where Woolworths is pulling out.
The firm's shares were up over 2% at 150.24 rand at 14:30, outperforming the Top 40 index which was 0.35% lower.From Fin24.com
Target data breach may affect 40 million customers
20/12/2013 - 07:40
Minneapolis – Target confirmed that it suffered a major data breach that may have affected as many as 40 million credit and debit card transactions at Target stores between Nov. 27 and Dec. 15. The retailer said the information included customer name, credit or debit card number, and the card’s expiration date and CVV (the three-digit security code).
Cotton On opens in Stellenbosch, Western Cape
19/12/2013 - 12:48
Located in Mill Square, Stellenbosch, the new Cotton On store opened on 31 October 2013, offering on-trend yet affordable fashion for both women and men.
Edcon to sell top UK clothing brand
19/12/2013 - 10:08
Johannesburg - The country's fashion industry has been set a twitter by the news that one of the biggest and most recognised clothing brands on the British high street will soon be found in South Africa.
Ackermans stores closed on 15 December 2013
13/12/2013 - 14:42
Ackermans stores in South Africa will be closed for trade on Sunday, 15 December 2013.
November retail sales top estimates, United States:
13/12/2013 - 08:15
Washington, D.C. – Retail sales in November increased a better-than-expected 0.7% seasonally-adjusted month-to-month, according to the U.S. Commerce Department. (The figure includes categories such as automobiles, gasoline stations, and restaurants.) Analysts were expecting sales to rise 0.6% in last month. The latest retail sales numbers were 4.7% above November 2012 numbers.