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Going Organic
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Going Organic -
Against the backdrop of a globally increasing environmental awareness and a distinctly rising consumer demand for organic products in South Africa, the organic food market has become the fastest growing segment in the local food sector after baby food. Although there is as yet no South African legislation governing organic food production, the country’s organic market grew by a phenomenal 300% from 2004 to 2005, and is expected to grow over 30% a year over the next five years.
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Shopper Behaviour Changing
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Cash strapped consumers affected by the economic downturn are changing their shopping behaviour. This according to Stephen Mawby, MD of Glendinning Management Consultants who says that retailers will need to respond to changing consumer needs as the economic climate forces shoppers to be more considered in their purchasing habits.
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Taking promos online
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The promo, one of the marketer's favoured tools for driving short-term marketing goals, works particularly well in the online world, says Diane Charton, managing director at Acceleration Media.
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The gift that keeps on giving
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Globally, the status of the gift card has been elevated from seasonal sales tool to year round money-maker. In the US, the gift card market is currently worth between $70m and $80m, and its penetration into the European market is rapid.
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Help Yourself
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An economy marked by successive interest rate and petrol price hikes, rising credit card debt and high food inflation raises challenges and calls for innovation across the activity board. For the retailer, in particular, the adoption and appropriate application of a constantly evolving in-store technology is vital to a cost-saving operation and a potentially profit-generating business. Who better to ask for input on such decisions than the customer himself?
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A clean bill of health for the supermarket pharmacy
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Clicks and Dis-Chem may hold the pharmacy monopoly, but Pick n Pay and Shoprite are steadily enlarging their share of the pie. Pick n Pay has been competing in the arena for three years, while Shoprite has produced a pharmacy offspring of 49 across the country.
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Shaking Shrink
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Shaking shrink
Last week, major food retailers Pick n Pay and Shoprite reported a distinct shift in the ‘contents’ of shoplifting perpetrated in their Western Cape stores. Luxury goods, like clothing and electronics appear to be losing their popularity in relation to basic necessities – food and everyday household items. The shoplifters’ motivation is becoming less about greed and more about immediate urgency. And it comes as no surprise.
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Going Uptown Downtown
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Woolworths clearly has an eye (and the guts) for opportunity. In a bid to cash in on the resurrection of the Jhb city centre, the group will open the first Woolworths ‘Micro’ Food store on Harrison Street at the end of September. And, based on its success, the group says it will open similar stores in other South African cities.
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Eating In
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Last month, Woolworths launched its new wine bar at its V&A store. This chic, European-style café is the first of its kind, but it’s also an upward extension of the in-store dining concept that is fast gaining ground – and popularity - in South Africa. Woolworths has initiated the trend, and currently operates 36 in-store cafes across the country.
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Help New Beginnings Care Centre give new beginnings to those in need
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New Beginnings is a registered public benefit organization and non-profit organization. Operating through community driven projects, the organization seeks to feed, house and uplift those in need – the homeless, the destitute, abused women and children, recovering substance abusers, prostitutes, street children and the like.
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Green Strives For Gold
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Sustainable living has long been viewed as a worthy ethic, but the last few months have seen something of an application flurry in the local retail sector.
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A Means to an End
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The half-year performances of opposite end retailers Shoprite and Woolworths reflect something of an inversion of the spending patterns of their respective traditional target markets. Shoprite expanded net profit by 48,2%, while Woolworths fell by 17,5%. Shoprite’s middle to lower, primarily cash customer base, benefiting from improving employment and less vulnerable to interest rate hikes, is holding consumer spend, while a noxious blend of interest rate increases, tighter credit control and rising credit card debt have taken their toll on Woolworths’ traditionally top-end customers.
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Proudly South African
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How do South African retailers compare internationally? Well, that is an interesting question, and the answer is not as simple as it may seem. I
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Baking up a storm
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The bread price is again a cause for concern as bakers increase their prices to recover costs.
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See the Shrink
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Over the festive season I was, for my sins, at a number of flea markets around Cape Town. What I saw was quite alarming.
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Retail Roundup
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Well, what a year it has been for the retail industry. It started late last year when Sean Summers, CEO of Pick n Pay, surprised everyone with his resignation
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Kenya's retail sector comes of age
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With more than 30 million inhabitants, Kenya is a comparatively affluent market in East Africa and is likely to experience faster growth in the modern retail sector as the economy continues its upward trend.
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