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Latest News & Analysis
Retail

South Africa's Woolworths Hit by Sluggish Sales, Earnings Warning

Sales at the local fashion, beauty and home business declined by 2 percent, with comparable store sales down 2.4 percent due to a significantly smaller winter clearance sale in the first quarter.

Retail

South Africa's Woolworths Hit by Sluggish Sales, Earnings Warning

Sales at the local fashion, beauty and home business declined by 2 percent, with comparable store sales down 2.4 percent due to a significantly smaller winter clearance sale in the first quarter.


Retail

Woolworths Falls as Australia's David Jones Clothing Sales Slow

Revenue increased by 2.5 percent in the second half of 2017, compared with 6.7 percent the previous year, while stock slumped as much as 9 percent.

Retail

Woolworths Falls as Australia's David Jones Clothing Sales Slow

Revenue increased by 2.5 percent in the second half of 2017, compared with 6.7 percent the previous year, while stock slumped as much as 9 percent.


News & Analysis

Woolworths Follows Macy’s, Costco With Plans for Tmall Shopfront

Woolworths Ltd. is setting up shop on Chinese online site Tmall.com, following the path of overseas retailers including Macy’s Inc. and Costco Wholesale Corp.

News & Analysis

Woolworths Follows Macy’s, Costco With Plans for Tmall Shopfront

Woolworths Ltd. is setting up shop on Chinese online site Tmall.com, following the path of overseas retailers including Macy’s Inc. and Costco Wholesale Corp.


Retail

Woolworths May Sell Two David Jones Stores in Revamp Efforts

Woolworths Holdings Ltd., the South African food and clothing retailer which bought David Jones last year, may sell two of the Australian retailer’s sites as it looks to revamp other stores in central business districts.

Retail

Woolworths May Sell Two David Jones Stores in Revamp Efforts

Woolworths Holdings Ltd., the South African food and clothing retailer which bought David Jones last year, may sell two of the Australian retailer’s sites as it looks to revamp other stores in central business districts.


Global Markets

Frustrated at Home, South African Retailers Seek Europe Growth

Amid a lack of acquisition opportunities on its home continent, Brait followed the likes of retailers The Foschini Group Ltd. and The Spar Group Ltd. in bypassing the potential of Africa’s growing middle class and targeting European consumers instead.

Global Markets

Frustrated at Home, South African Retailers Seek Europe Growth

Amid a lack of acquisition opportunities on its home continent, Brait followed the likes of retailers The Foschini Group Ltd. and The Spar Group Ltd. in bypassing the potential of Africa’s growing middle class and targeting European consumers instead.


Sustainability

Woolworths Hires Rapper Pharrell to ’Make Sustainability Cool’

South African retailer Woolworths Holdings Ltd. has appointed Pharrell Williams as style director for sustainability-focused projects in Africa.

Sustainability

Woolworths Hires Rapper Pharrell to ’Make Sustainability Cool’

South African retailer Woolworths Holdings Ltd. has appointed Pharrell Williams as style director for sustainability-focused projects in Africa.


Global Markets

In South Africa, More Evolution than Revolution

A year after the death of Nelson Mandela and two decades since the end of apartheid, South Africa’s fashion market holds up a skewed mirror to its vibrant and incredibly complex society.

Global Markets

In South Africa, More Evolution than Revolution

A year after the death of Nelson Mandela and two decades since the end of apartheid, South Africa’s fashion market holds up a skewed mirror to its vibrant and incredibly complex society.


Global Markets

Kenya, Africa's Next Frontier

As Nigeria and Angola dazzle the luxury sector, Kenya seems focused on building a fashion market for everyone.

Global Markets

Kenya, Africa's Next Frontier

As Nigeria and Angola dazzle the luxury sector, Kenya seems focused on building a fashion market for everyone.


News & Analysis

South Africa's Woolworths Takes on Zara and H&M With Australian Bid

CAPE TOWN, South Africa — Woolworths Holdings Ltd. of South Africa is using a $2 billion takeover of Australia's David Jones Ltd. to challenge

News & Analysis

South Africa's Woolworths Takes on Zara and H&M With Australian Bid

CAPE TOWN, South Africa — Woolworths Holdings Ltd. of South Africa is using a $2 billion takeover of Australia's David Jones Ltd. to challenge


News & Analysis

South Africa's Woolworths Set to Buy Australia's David Jones for $2 Billion

SYDNEY, Australia — South African retailer Woolworths Holdings Ltd is set to buy Australia's second-largest department store David Jones for $2

News & Analysis

South Africa's Woolworths Set to Buy Australia's David Jones for $2 Billion

SYDNEY, Australia — South African retailer Woolworths Holdings Ltd is set to buy Australia's second-largest department store David Jones for $2