OK hopeful despite Covid-19 effects
OK Zimbabwe said profit for the year to March 31, 2021 halved to $1 billion from $2 billion recorded in the prior year due Covid-19 pandemic which severely eroded household … Read More
Category: FMCG
Bumper harvest excites OK Zimbabwe
RETAIL giant, OK Zimbabwe, has invested in capacity improvement as it hopes for the anticipated economic rebound largely driven by the good agricultural season and the prevailing stable macro-economic environment. … Read More
Prices on goods in Zimbabwe spiralling out of control after businesses told to stop pricing in dollars
Prices of goods in Zimbabwe are spiralling again, threatening to halt a decline in consumer inflation, after authorities last week forced businesses to stop quoting prices in US dollars in … Read More
Covid-19 hits Truworths’ H1 results
Listed clothing retailer, Truworths’ performance for the half year to January 10, 2021, was subdued as effects of the Covid -19 induced challenges persisted. The country implemented various levels of … Read More
Low disposable incomes constrain Edgars’ demand
CLOTHING retail chain, Edgars Stores Limited, says demand for its products and services has been constrained by low disposable incomes in the first quarter ended April 2021. Despite the prevailing … Read More
Truworths’ H1 takes Covid -19 hit
Listed clothing retailer, Truworths’ performance for the half year to January 10, 2021, was subdued as effects of the Covid -19 induced challenges persisted.The country implemented various levels of lockdowns … Read More
Zimbabwe supermarkets face implosion
ZIMBABWE’s retail industry says it is facing an implosion unless the mid-term fiscal policy review set for July makes wide-ranging reforms to stimulate demand after 12 million consumers hit hard … Read More
Local goods reclaim more shelf space
ZIMBABWE’S manufacturing sector is on a solid recovery path occasioned by the close collaboration between the private sector and the Government, which has seen more local goods reclaiming shelf space … Read More
Pick n Pay eyes lower to mid-income communities with new stores
South Africa’s Pick n Pay plans to invest a further R2.5 billion (US$175 million) in new stores in lower to middle-income communities as it looks to get a bigger piece … Read More
Cost-push inflation raises new concerns
THE recent increase in costs of critical raw material could affect prevailing price stability, the Confederation of Zimbabwe Retailers president Denford Mutashu has warned. Cost-push inflation occurs when overall prices … Read More
