Retail Retail in their jeans
A slow news week, seriously, so we’re going to content ourselves with comings and goings in the industry more generally. First up, Shoprite, which opened not one but four new stores last week, in areas not previously served by The Big Red One: A Shoprite in the Rustenburg Mall and one in the Ekhaya Mall in Secunda, and a brace of Checkerses, with one also in Rustenberg Mall. SPAR in the meantime, have a brand-new appointee to the board, Jane Anne Canny, who has a background in financial accounting and governance inter alia, and takes up her position as an independent non-executive director and member of the risk committee and social and ethics committee. And finally, Woolies, who down under have appointed Raju Vuppalapati as CEO of Country Road. Significantly, Vuppalapati joins the business from RM Williams in Aus and, prior to that, Levi Strauss, where he worked under Woolies CEO Roy Bagattini as Regional Managing Director for the Australian, New Zealand, African, and Middle East markets.
Comment: Woolies is working hard to get its clothing offering right, as this new appointment shows.