Survey: Shrink averages 1.5% of U.S. sales
13/11/2013 - 14:28
Thorofare, N.J. -- Shrink, comprised of shoplifting, employee or supplier fraud, organised retail crime and administrative errors, cost the retail industry more than $112 billion globally last year, and represented 1.4% of retail sales, on average, according to the 2012-2013 Global Retail Theft Barometer. In the United States, shrink came in at 1.5% of retail sales.
UK: Sluggish start, late surge, solid rather than bonanza, Planet Retail
04/11/2013 - 17:50
On Planet Retail’s predictions for the UK retail market over Christmas 2013, Stephen Springham, Senior Retail Analyst at Planet Retail, commented:
SA, Poland sign trade deal
23/10/2013 - 08:27
Johannesburg - South Africa has endorsed a trade deal with Poland, Deputy President Kgalema Motlanthe has said
Foschini African expansion to salvage poor SA retail outlook
11/10/2013 - 08:07
Foschini, JSE’s worst-performing clothing retailer this year, said it plans to open 21 new stores on the rest of the continent as consumers in South Africa continue to struggle in debt.
Foschini: Offer to acquire RCS unit
19/08/2013 - 08:27
Johannesburg - South African retailer Foschini Group said on Friday it had received an unsolicited offer for its majority stake in a consumer finance joint venture it has with Standard Bank.