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Retail News

Strategies to unlock retail growth in 2020
As the year comes to an end, it is clear that the role and function of brick and mortar stores has fundamentally changed. Increasingly, physical stores have to become a seamless extension of an overall customer experience that blends the best of the online and offline worlds. 28 Nov 2019
Blockchain, driven by IoT, can save food industry $31bn by 2024
According to a new study by Juniper Research, blockchain will enable $31 billion in food fraud savings globally by 2024 by immutably tracking food across the supply chain. Substantial savings in food fraud will be realised from 2021 and compliance costs will be reduced by 30% by 2024. 28 Nov 2019
Black Friday is where margins go to die
©arinahabich via 123RF
Black Friday deals are a threat to the already squeezed margins experienced in South African retail at present, says Nashil Chotoki, retail asset manager at Redefine Properties. 27 Nov 2019
- Dentsu
E-commerce in Africa
'Black Friday and Cyber Monday are known as major e-commerce jackpots for brands, advertisers and consumers across the globe. Those fortunate enough to understand the importance of e-commerce and to be able to dedicate marketing budgets to such events report breaking sales records year-on-year.' - Tracy Humplick, Head Of Digital Media at Dentsu Aegis Network, Tanzania. 27 Nov 2019
6 ways to ensure Black Friday is smooth for everyone involved
©langstrup via 123RF
South African retailers and consumers are preparing for the country's largest sale day, Black Friday (29 November 2019). And while it may glorious for bargain hunters and those hoping to make extra sales, the extra strain takes a toll on the staff who have to manage all of it. 27 Nov 2019
Checkers launches state-of-the-art flagship in Constantia
Checkers opened the doors to its state-of-the-art 2,330 m² flagship supermarket at the new Constantia Emporium property development yesterday. 27 Nov 2019
Call for SA's major supermarkets to drop exclusive leases with malls
After a four-year-long probe into South Africa's grocery retail sector, the Competition Commission has found that there's no compelling justification for major supermarkets to have exclusive lease agreements with shopping malls. 27 Nov 2019
Meltwater reviews SA social media sentiment towards Black Friday
It's Black Friday week, and while savings have been sprinkled throughout this week, Friday, 29 November is the grand finale that retailers are gearing up for. 26 Nov 2019
- Bizcommunity.com
Black Friday, what's in the box?
What's in the box? 26 Nov 2019
Why retailers should harness the power of influencers
With the ever-growing influence of, well, influencers on consumers, retailers are increasingly looking for ways to tap into their power. 26 Nov 2019
Unchanged repo rate may flatten festive sales
The South African Reserve Bank's (SARB) decision to keep the bank repo rate unchanged at 6.5% would appear to be in response to Moody's latest downgrading and an attempt by the SARB to prevent further decline in the country's credit rating. 26 Nov 2019
#EntrepreneurMonth: The raw beauty of Black Betty Jewellery
Homegrown brand Black Betty Jewellery is the latest addition to Sea Point's vibey Regent Road. Founder, designer and all-round creative Kristin Weixelbaumer created the new Cape Town retail space to be the physical representation of the Black Betty brand personality, where visitors can experience its true essence. 25 Nov 2019
LVMH to acquire Tiffany & Co. for $16.3bn
French luxury conglomerate LVMH Moët Hennessy Louis Vuitton SE (LVMH) has reached an agreement to purchase luxury jeweller Tiffany & Co. for approximately $16.2 billion, making this LVMH's most expensive luxury acquisition to date. 25 Nov 2019
Checkers pilots 60-minute grocery delivery service
In response to customers' growing desire for hyper-convenience, Checkers has introduced an exclusive one-hour grocery delivery service. Named Sixty60, the new mobile app delivers groceries and drinks at the touch of a button and users can track the status of their order and delivery in real-time. 25 Nov 2019
What SA's FMCG space can learn from Kenya
The simplest way of optimising route to market is through pre-sales, which then creates a predictable order and allows for the best delivery routes to be calculated. However, for much of the market in South Africa, this is simply not the reality. 25 Nov 2019
Image credit: Getty
Image credit: Getty
Black Friday has gained significant momentum in South Africa since the North American shopping event was piloted locally by Takealot in 2012. 22 Nov 2019
- Smart Media
2019 The Smart way
What an exciting year it has been for in-store innovators Smart Media, on successfully launching their new in-store innovative solutions such as, Over-The-Counter Arches (OTC Arches), Digital Shelf Strips and 3D Holograms. 22 Nov 2019
Pick n Pay relaunches Livewell range to make healthier food more accessible
Supermarket chain Pick n Pay has relaunched its health-focused Livewell range. This is in line with the chain's efforts to make healthier food more accessible and affordable. 22 Nov 2019
Best in SA packaging shine at Gold Pack Awards 2019
The winners of this year's IPSA Gold Pack Awards, the premier showcase for the South African packaging industry, was announced at Inanda Club in Sandton on 30 October. Dating back to 1973, the annual event celebrates local companies in the packaging industry that are driving innovation and professionalism. 22 Nov 2019
Nearly R4k avg. spend predicted during Black Friday, Cyber Monday in SA
A survey by PwC's Strategy& consulting division reveals that South African consumers are planning to spend 36% more this year than in 2018 during the Black Friday/Cyber Monday sales. Consumers plan to spend an average of R3,812 during the sales, and 85% of them intend to buy something or would consider it if there is a good enough deal. 21 Nov 2019
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