Advertise with fastmoving.co.za
 
 

Retail sales boosted by festive season
Retail sales boosted by festive season

Retail sales boosted by festive season

RETAILER NEWS

Fin24 - Feb 16th 2012, 08:11

Johannesburg - Growth in South Africa’s retail sales jumped to 8.7% year-on-year at constant prices in December from an upwardly revised 7.2% in November, Statistics South Africa said on Wednesday. 

On a month-on-month basis sales grew by 1.3% in December and were up 7.9% in the last quarter of 2011 compared with the same period a year ago, also at constant prices.

Economists polled by Reuters this week expected year-on-year growth to slow to 6.5% in December. 

Read more about: festive season | growth | retail sales

Related News

Gearing FMCG manufacturing for the red season spike and maximising profits all year round
25/11/2019 - 11:03
As we enter the festive season, demand for Fast-Moving Consumer Goods (FMCG) increases rapidly, often leaving manufacturers scrambling to fulfill orders from their distribution channel. If demand cannot be met, then loss of revenue is inevitable. However, over-production is not an ideal solution either, as it can leave manufacturers sitting with unsold stock that costs money to store.

Double-digit profit growth for Pick n Pay as turnaround plan pays off
22/10/2019 - 09:12
Pick n Pay has continued to reap the benefits of its turnaround strategy, positing double-digit profit growth in the six months to end-September after an intensive focus on supply costs.

Retail sales up 1.1% in August
18/10/2019 - 09:28
Measured in real terms, retail sales increased by 1.1% year-on-year in August, following a 2% jump in July, figures released on Wednesday by Statistics South Africa showed.

Christmas is coming: 3 ways retailers can ensure a more profitable festive season
14/10/2019 - 10:29
According to Stats SA, retail figures for December 2018, showed an annual decline of 1.4% instead of the expected 2.1% growth. It seems like brick-and-mortar stores are battling against depleting footfalls and decaying consumer confidence.

Retail sales remain muted with consumers under pressure
20/09/2019 - 14:31
Retail sales for July marginally declined to 2 percent year on year as sales growth continued to reflect a muted demand in South Africa, with consumers’ discretionary income under strain.