TFG – the retailer also known as The Foschini Group – has acquired Quench, a digital shopping platform and last-mile delivery provider.
JSE-listed Woolworths Holdings said almost 15% of its turnover came from online channels in its most recent reporting period.
A pandemic-led boom in online shopping in South Africa has seen Woolworths report a 118% increase in online food sales in the 52-week period to 27 June 2021.
E-commerce was one bright spot in an otherwise mostly grim set of results from Walmart-owned retail group Massmart for the 2020 financial year ended 27 December.
Woolworths delivered a more than 58% improvement in headline earnings per share in the 26 weeks ended 27 December 2020, with the retail group benefiting, in part, from a big focus on e-commerce.
Why have so many South African retailers been glacially slow in adopting technology-based innovation? In many cases, it arguably comes down to myopic control of IT spend. By Allan Dickson.
South Africa’s main share index jumped 2.1% as of 10.07am in Johannesburg, setting a fresh intraday record, as Naspers was lifted by a surge in partly owned Chinese online giant Tencent.
In the latest profile in the CxO Insights series, TechCentral speaks to Richard van Rensburg, chief technology and security officer at Pick n Pay, and how technology is shaking up the retail sector.
Woolworths on Thursday published its results for the 52-week period ended 28 June 2020 and, despite a slump in earnings caused by the Covid-19 lockdown, online sales spiked higher.
Woolworths saw online food sales for its South Africa business leap 87.8% in the 52 weeks to 28 June as consumers turned the Internet and shunned stores amid the Covid-19 pandemic.