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Company News

5,200 jobs saved as Edcon concludes sale of parts of Edgars

Approximately 5,200 retail industry jobs will be saved, as Edcon announced this week that the sale of parts of the Edgars business in South Africa to Retailability Ltd has been implemented...

1 day ago

Timberland strives for net positivity by 2030

Timberland has set a goal for its products to have a net positive impact on nature by 2030, in en effort to address the negative environmental impact of the fashion industry...

2 Sep 2020

Coronavirus has turned retail therapy into retail anxiety - keeping customers calm will be key to carrying on

So you finally hit the shops and cafes after weeks of lockdown. After disinfecting your hands, following the arrows around the shop or to your table, taking care to avoid others where possible...

By Jessica Vredenburg and Megan Phillips 24 Jul 2020

Antibacterial activewear? The claim is just as absurd as it sounds

Lorna Jane recently launched an "antiviral" line of activewear, called "LJ Shield", generating significant backlash from medical professionals...

By Catherine Burke 20 Jul 2020

TFG agrees to buy selected Jet stores and related assets for R480m

TFG has entered into an agreement to buy certain "commercially-viable stores and selected assets" of Jet from embattled Edcon for a cash purchase consideration of R480m...

13 Jul 2020

Why is used clothing popular across Africa? We found out in Malawi

The sale of used clothing is a billion-dollar global industry. According to some estimates, almost 70% of garments that are donated globally end up on the African continent...

By Dan Banik 10 Jul 2020

Owner of Legit offers to buy part of Edgars

Parts of South African retail chain Edgars may be sold to Edcon competitor Retailability Ltd, business rescue practitioners in charge of Edcon's restructuring said...

8 Jul 2020

Customer experience will help retailers overcome the financial hit from coronavirus

Retail was in trouble long before Covid-19 hit. The past five years saw daily reports of store closures and retailer bankruptcies. The growth of online commerce eroded many retailers' top-line revenues...

By Frederic Dimanche 6 Jul 2020

Mr Price reveals impact of SA lockdown and its plans to exit Nigeria

Mr Price Group will shut dow Nigerian operations due to weak economic growth and other difficulties...

29 Jun 2020

Smart clothing to drive fitness wearable revenue

Annual revenue of integrated fitness clothing is forecast to rise from approximately $1bn in 2020 to $11bn in 2025, according to Juniper Research...

11 Jun 2020

Pandora commits to using only recycled silver and gold from 2025

The world's largest jewellery maker will stop using newly mined silver and gold in its jewellery by 2025 and only buy from recycled sources...

9 Jun 2020

Why apparel brands' efforts to police their supply chains aren't working

For years, apparel brands have promised to police their supply chains to root out unsafe conditions and worker abuse...

By Jason Judd and Sarosh Kuruvilla 8 Jun 2020

Consumer markets under pressure in 2020

As Covid-19 shifts the global economic outlook into deep recession, reflecting the impact of social distancing measures on economic activity, no industry remains untouched...

By Camilla Butler 5 Jun 2020

Equipping Africa's fashion entrepreneurs to conquer Covid-19

Fashion entrepreneurs, creatives and digital innovators joined in on Fashionomics Africa's new webinar series to discuss the impact of the Covid-19 pandemic...

4 Jun 2020

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