Retail should benefit from modest but positive gains in
With core economic fundamentals holding steady in SA, and
global economies showing the first signs of recovery, key
retail indicators are set to show modest, but positive,
gains in 2013.
This compares favourably with a year ago, when the retail
sector was bracing for a slow-growth year.
forecast for 2013 is that while gains will remain modest,
retail indicators are in general remaining in positive territory,”
says SA Council of Shopping Centres (SACSC) CEO Amanda Stops,
referring to the Economic Overview – January 2013,
prepared by respected economist Christo Luus.
we see this being underpinned by better core fundamentals
in other key economic metrics.”
Total retail sales were significantly higher towards the
end of 2012, with November data showing a 3.4% increase
year-on-year. Over the period from January to November,
retail sales in 2012 tracked upwards by 4.6 percent compared
with the same period in 2011.
Retail sales growth is forecast to see gradual improvement
in 2013, reaching approximately 4.5% in early 2014.
Improving economic fundamentals are underpinning these gains.
Overall, SA’s economic growth is expected to gradually
rise from 2.4 percent in 2012, to 2.8 percent in 2013, reaching
3.4 percent in 2014. This is in line with the slow but steady
improvement in both the US and European economies, which
should see global economic growth hold firm in 2013.
SA’s retail sector should note that low interest rates,
steady inflation levels and positive growth in real household
income are positive signs for the next 12 months.
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retailers Edgars, Foschini To Open Store In Nairobi – Actis
Africa-focused private equity firm Actis has said that South African
luxury fashion houses Edgars and Foschini are some of the retailers
that have booked stores in its Sh12.6 billion ($144 million) 50,000
square metre Nairobi shopping mall which is under construction and
expected to be Kenya’s biggest mall.
fears of South Africans
The average middle class South African household spends over R7
000 each month paying off debt, while more than half of South Africans
say they will never be financially free.
Retail sales results mixed in January
Although there were some surprising gains among retailers in January,
for the most part results were expectedly mixed, as consumers took
a hit on their take-home pay from higher payroll taxes, but cooler
weather gave a boost to others.
Lifestyle captures attention at Cape Town International Airport
Legacy Lifestyle’s latest marketing campaign sees a custom-made,
wall mounted, perspex dispenser – filled with Z-CARD®s
– along the stretch of the domestic arrivals hall at Cape
Town International Airport. A billboard, placed alongside the dispenser,
cleverly draws travellers’ attention to the Z-CARD®s.
Digital PR strategy has become a vital area of expertise for any
leading PR firm, but for many brand and product managers the understanding
of what exactly digital PR is, remains a point of confusion. More
often than not, the first link people make is to social media, but
social media marketing is not digital PR and understanding the difference
is extremely important to ensure the successful implementation of
a digital strategy.
payments, banking and retail show
Four seminars covering retail innovation, banking Innovation and
new payment solutions and data security will allow the visitor to
come away with great content and ideas for their business.
When: 11 – 12 March 2013
Where: Sandton Convention Centre
Conference: 8:00 – 17:00
Exhibition: 10:00 – 17: 00
Fastmoving provides news, insight
and analysis into the retail and FMCG industries in South Africa
and has been doing so for the last 12 years. We provide marketing
services to businesses operating in the retail and FMCG sector by
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exposure in our regular weekly and monthly newsletters.