Retail - Pepkor

Pepkor Opens New Stores In South Africa Despite Power Crisis

South Africa's Pepkor Holdings Ltd said on Tuesday it would add 71 stores by the end of the year, bringing the total to 6,000, as it seeks to build market-...

Steinhoff's First-Half Loss More Than Doubles To $1.7bn

South African retailer Steinhoff International Holdings saw its first-half loss more than double as a coronavirus lockdown towards the end of the...

South Africa's Steinhoff Proposes $1bn Settlement To Solve Legal Disputes

South African retailer Steinhoff International said on Monday it had proposed a settlement worth up to around $1 billion (€850 million) to settle a st...

S.Africa's Pepkor Q3 Sales Drop 17% On Lockdown Hit

South African clothing and furniture retailer Pepkor Holdings said on Friday sales for its fiscal third quarter ended 30 June slumped 17.2% after its store...

South Africa's Pepkor May Scrap Dividend As Pandemic Squeezes Retail Spending

Pepkor Holdings has said it does not expect to declare a dividend for financial year 2020, as it looks to preserve cash to tide over the coronavirus c...

Poundland Posts Underwhelming Start To The Year, Says Analyst

A leading retail analyst has said that the Christmas period has 'not resulted in a strong start' to the year for single price retailer Poundland, despite t...

Poundland Sees Revenue Decline 3% In First Nine Months Of The Year

Single price retailer Poundland has posted a 3% decline in revenue in the first nine months of the year, at constant currency levels, of €1.32 billion...

Poundland Owner Secures £180m Loan As Steinhoff Scandal Continues

The European arm of Steinhoff International has borrowed up to £180 million of financing to reduce its reliance on the South African retail group....

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