Woolworths
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.
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.
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.
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.
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.
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.