Growth in shopping centre sales
Fin24 - Mar 30th 2016, 09:11
Johannesburg - Community shopping centres outgrew other retail centre types by boosting trading density by 8.7% year-on-year, MSCI’s latest IPD Retail Trading Density Index for the quarter to December 31 2015 shows.
The research was done in collaboration with the South African Council of Shopping Centres (SACSC).
According to SACSC CEO Amanda Stops, small-regional centres showed trading density growth of 6.2% and regional shopping centres showed trading density growth 5.6%. At the same time mega-malls - also known as super-regional shopping centres - notched up trading density growth of 4.9% year-on-year.
Neighbourhood centres, on the other hand, lagged with the lowest trading density growing sales of 2.4% in 2015. Stops pointed out, however, that this increase still outstrips the SA’s economic growth for the year of 1.3%.
“Community centres achieved the highest average rand spend per square metre of retail space per month in the fourth quarter of 2015 for food and department stores,” said Stops. The food index includes grocers, liquor stores, sweets, and speciality food stores.
“At the same time, we can see that community centres performed a close second place for food services, after super-regional malls.” Food services include restaurants, coffee shops, and fast-food outlets.
Super-regional shopping centres were tops in three of the five retail-trading categories measured in the research. Besides food services, they also achieved the highest trading density for apparel trading, comprising womenswear, menswear, children’s wear, unisex wear, and accessories. Home décor stores, including retailers focused on furnishings, antiques, art and décor achieved the highest trading densities in super-regional shopping centres.From Fin24.com
Experiential retail is trending in SA, report shows
09/05/2019 - 16:26
With experiential retail being one of the hottest trends in the retail and shopping centre industry right now, the South African Council of Shopping Centres (SACSC) commissioned a research report to get insight into the growth of experiential retail in the local mall marketplace.
SACSC 2019 Footprint Marketing Awards entries now open
02/05/2019 - 15:04
Shopping centre owners, mall marketing departments and agencies take note: The South African Council of Shopping Centres’ (SACSC) has opened entries for its prestigious 2019 SACSC Footprint Marketing Awards.
SA malls gearing up for Christmas
19/12/2018 - 10:05
Hot off the heels of the global Black Friday phenomenon, retailers, brands and shopping centres across South Africa have geared up to make the most of 2018’s Festive Season which is already upon us.
The signs are here that South Africa has reached its economic crossroad
03/12/2018 - 11:37
While South Africa attempts to shore up its own economy amid high inflation rates and a stuttering inherited financial system, the continent as a whole continues to grow. The big question, though, is whether South Africa will get left behind in terms of international investment if it doesn’t improve its financial situation, and how to avoid this.
The importance of frontline staff in retail
29/11/2018 - 09:50
With the fast-approaching Festive Season only a few weeks away, malls, shopping centres and stores anticipate an influx of feet through their doors. Millions of Rands have been spent on extensive advertising, product placements, marketing and merchandising-just to name a few, but is that enough?