THE Confederation of Zimbabwe Retailers (CZR) says sales volumes in the sector have dropped by about 40 percent due to weakening consumer spending and rising inflation. CZR president, Mr Denford… Read more »
RETAILERS, who stand accused of profiteering, have attributed the relentless price increases to currency instability and the rising cost of doing business. In an interview, Confederation of Zimbabwe Retailers (CZR)… Read more »
Struggling SA retail giant, Edcon, has been given the green light to sell its shareholding in Zimbabwe-based clothing chain Edgars to Mauritius incorporated entity SSCG Africa Holdings, as the group… Read more »
Botswana-based grocery retailer, Choppies, has announced that it will be exiting the South African market, four years after expanding into the country. It also stated that Festus Mogae would be… Read more »
KENYAN shareholders of the Botswana-headquartered retail chain, Choppies, will bailout the retailer to settle part of its supplier debt estimated at Sh600 million as it looks to restock its stores… Read more »
CLOTHING retail store, Power Sales, has shut down some of its branches in Bulawayo as it scales down operations citing the challenging economic conditions. Power Sales general manager, Mr Fanuel… Read more »
CLOTHING retail store, Power Sales, has shut down some of its branches in Bulawayo as it scales down operations citing the challenging economic conditions. Power Sales general manager, Mr Fanuel… Read more »
OK Zimbabwe has reportedly closed its shop in Rusape due to power cuts. The country is having a huge electricity shortage which has seen local power utility, ZESA, rolling out… Read more »
CLOTHING retailer, Edgars Stores Limited, expects the re-adoption of the Zimbabwean dollar as the sole currency of exchange to bring stability in the country’s economy. The group has said its… Read more »
Edgars Stores Limited says it is in the process of increasing interest rates charged on customer accounts due to inflation and increased cost of borrowing. In a trading update at… Read more »
