Alec Abraham News Today

Pick n Pay's new CEO, Sean Summers, unveils a turnaround plan to restore the struggling South African retailer's market share.

Break-even targets and a new strategy for South Africas core Pick n Pay supermarkets seem plausible, analysts said on Tuesday, a day after the new CEO of the struggling retailer outlined his...

The gauge of local retail stocks has gained 4.3% in the past six months.

The QualiSave rebranding and other initiatives are on hold till March amid a management revamp.

But online and contactless transactions seem to be on the rise.

Back in the hot seat, the groups new CEO welcomes Amazon’s landing in SA, saying it will be good for competition.

Amazon: The launch of its service comes at a time when South Africa has seen a sharp rise in online shopping after the pandemic created an opportunity for e-commerce to finally take hold, with retailers doubling down on investments in response.

The proposed sale comes as no surprise for Sasfin’s Alec Abraham, who says the badly timed acquisition (pre-Covid) has cost the retailer dearly.

Grocery retailer opens its 10th Uniq clothing store.

Shein has already caused such a stir that retailers are spooked and regulators are investigating if it has exploited import tax loopholes when sending parcels to shoppers.