Japanese fast-fashion retailer Miniso enters SA's crowded market
By Colleen Goko - Aug 10th 2017, 09:32
Japanese fast-fashion retailer Miniso has entered the local market, adding a fresh challenge in the competitive sector.
Miniso, aimed at women aged 18 to 30 years old, has opened two stores in SA in the past month and plans to open three more by September.
The retailer has built its brand on its ability to update its product offering every seven days. The group has a presence in more than 50 countries.
"At Miniso, we pursue a simple and natural life philosophy," said human resources director Phoebe Dongxiang.
"The personalised, smart shopping experience is what consumers in 2017 crave and we have an exceptional offering with something for everyone."
Old Mutual investment professional Meryl Pick said clothing retail was a difficult space to be in.
"The most competitive space is ladies fashion and as a result, we have seen aggressive discounting which pulls margins down," said Pick.
She said retailers with exposure to other categories such as sports and homeware were better suited to navigating the competitive environment.
Miniso’s products include consumer goods, health and beauty, jewellery and accessories, creative homeware and digital products. © BusinessLIVE MMXVII
Toys R Us did too little, too late
23/03/2018 - 11:41
Toys R Us plans on selling off or closing its remaining 700 U.S. stores. The 70-year-old toy store tried to keep doors open by filing for bankruptcy protection in September 2017, but by then the company was $5 billion in debt and was spending $400 million a year to service it. And most analysts believe it wasn't e-commerce that led to the retailer's demise but rather a lack of progression.
Analysts point to mixed signals for retail
23/03/2018 - 08:50
While retail sales are expected to remain firm in the coming months, consumers will be more subdued than they were in the second half of 2017 when exceptionally strong spending was recorded, analysts said on Thursday.
Instagram expands shoppable posts in 8 countries
22/03/2018 - 15:01
Instagram expanded its shoppable posts feature to eight more countries: the U.K., France, Italy, Germany, Australia, Brazil, Canada and Spain.
Target steps up water reduction efforts
22/03/2018 - 14:44
Target has created a plan that will help the company better manage its water usage.
Understand your customer to predict future demand
22/03/2018 - 14:26
Understanding your customer brings you one giant step closer to the ultimate goal of the supply chain — meeting customer demand at the lowest possible risk and cost.