Edcon Limited

The Foschini Group to skip Rental Payments amid SA lockdown

As South Africa goes into a 21-day nation-wide lockdown, The Foschini Group [JSE: TFG] – whose brands include Foschini Stores, @home, Markham, Totalsports and Sterns – said it’s stopping rental payments because of the impact of the coronavirus outbreak.

End of the road for Massmart’s Dion Wired stores

Although yet to recover from Edcon’s woes, Retail landlords are set to face even more intense pressure as Walmart-owned Massmart announced the closure of 23 DionWired stores as from today.

Tenant struggles take a toll on Hyprop Investments

Rising debt levels and store closures have gutted some of the nation’s biggest retailers — and that’s during bad economic times which has hit Hyprop Investments [JSE: HYP] performance.

Foschini Group builds on bumper 2019

Retailer The Foschini Group [JSE:TFG], whose brands include Foschini, American Swiss, and Markham occupying space in major centres, went against the prevailing retail trend by producing positive trading updates in a difficult economy.

Truworths sales up 1.2% despite tough retail market

Retail tenant Truworths said on Wednesday sales for the 26 weeks to December grew by a mere 1.2% to R10.6 billion as it faced tough conditions in both Africa and UK markets.

Edgars Store vacates from upmarket Rosebank Mall

Struggling clothing retailer Edcon Holdings, which owns Edgars Stores has decided to shut its doors at the trendy Rosebank Mall — owned by JSE-listed Hyprop Investments.

It has not been an easy road, says Growthpoint Properties

As domestic tenants continue to downsize space, its sheer size and diversity on three continents have helped Growthpoint Properties lift the distributable income of 5.3% to R6.4bn for the year ended June.

Positive interim results from Liberty Two Degrees despite weak economy

Retail-focused Liberty Two Degrees (JSE:L2D), posted commendable results for the six months to June 2019, despite weak consumer sentiment.

Sorry Edcon, we will not reduce Rent, says Growthpoint Properties

After securing R2.7 billion, Edcon's request for rental reduction was met with a major obstacle at SA's largest landlord, Growthpoint Properties.

Hyprop eyes more Europe wins than sub-Saharan Africa

Clearwater Mall owner, Hyprop Investments (JSE: HYP) has raised R403 million (€25 million) worth of capital planned for its South and Eastern Europe (SEE) retail assets expansion — and seeks to reduce sub-Saharan Africa exposure.

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