Technical goods revenues soar at SA malls. Partnerships help retailers move from bricks to clicks. Transforming financial planning in retail.

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Transforming financial planning in retail

When it comes to developing relevant operational plans, the finance teams of South African retailers must be able to adjust for the unique challenges of this environment whether it is the likes of mobile e-commerce or real-time data analysis.

The growth of mobile requires an effective view of multi-channel financial reporting and planning. Retailers still struggle to understand the precise financial effect that such a changing channel focus has already had, and might have, on their business. It also becomes difficult to quantify the financial impact that e-channels may have on in-store sales cannibalisation.

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LATEST REPORTS
     


ACDOCO launches new Dr. Beckmann Carpet Stain Remover

When wine spills on your cream-coloured carpet, you need to act fast. Dr. Beckmann Carpet Stain Remover - with an all new brush attachment is a quick and effective solution to tackle the stains with ease and convenience.
Tastic rice repositions masterbrand, innovates with two new variants

Tastic Rice has taken to the small screen to communicate its new masterbrand campaign, as well as the launch of two new variants in the rice market.


 RETAILER  ECONOMIC
Technical goods revenues soar at SA malls, despite mall proliferation and rise of online shopping

The launch of Midrand’s Mall of Africa in April 2016 has helped to lift average quarterly revenue from technical goods across major shopping malls in Midrand, Pretoria and Johannesburg by more than 50%. This indicates that South Africa’s richer and more densely populated urban areas have yet to hit saturation point for new shopping developments.
SA retailers taking heavy strain

South African retailers across the board are taking strain, with consumers under pressure due to an unprecedented VAT increases and record fuel prices. The going is not going to get any easier any time soon for consumers with South Africans expecting a fuel hike next week, thanks largely to a softer rand against the US dollar.


Fashion brand Donna sees online sales soar

The online sales of women’s fashion brand Donna have significantly outstripped expectations, after just a month of launching online.
Zero rated VAT items: how South Africa is going about expanding the list

South Africa is processing a new report produced by an independent panel that reviewed the current list of items exempted from Value Added Tax (VAT).
Ackermans receives top nod at AskAfrika Icon Brands awards

South Africa’s leading value retailer, Ackermans, has been awarded Icon Brand status as AskAfrika’s 2018/ 2019 Icon Brands insights awards event. In addition, Ackermans was also a winner in the Clothing Retail: Children’s category.
Drought, not policy uncertainty, blamed for agriculture crash

The alarming agriculture figures that dragged SA into recession were not the result of policy uncertainty about land reform.
Woolworths pilots SA's first in-store recycling vending machine

In line with its recent announcement to achieve ZERO packaging waste to landfill by 2022, Woolworths has launched the customer trial of an integrated reverse vending machine in its flagship green store, Woolworths Palmyra in Claremont. This is good news for the many South African consumers who have called on retailers and manufacturers to reduce packaging waste.
Grim factory activity weighs on economy

The purchasing managers’ index for August plunged more than eight points, deep into contraction territory. A grim outlook for the manufacturing sector has dented hopes that SA’s economy will rebound in the second half of 2018. Activity in the sector, which accounts for about 13% of GDP, dipped to the lowest level in 13 months, the Absa purchasing managers’ index (PMI) showed.
READ MORE RETAILER NEWS READ MORE ECONOMIC NEWS
 MARKETING & BUSINESS  INTERNATIONAL
5 ways to capture shopper attention and drive sales

According to recent research, 60% of Generation Z, who are by definition digital natives, prefer to purchase in-store. This may come as a shock to some but the challenge for retailers is how to make the best of the in-store shopper experience to capture these on-site customers and drive sales.
Burberry to stop using fur and burning unsold stock

Burberry is to stop burning millions of dollars' worth of excess stock, it announced recently. The British fashion house's annual report stated that it destroyed £28.6 million ($37.1 million) of goods for the year ended March 31, 2018, an increase on the £26.9 million in its 2017 financial year.


Are SA retailers ready for the Connected Retail revolution?

A wave of innovation is sweeping the retail sector, both abroad and in South Africa, and Deloitte is addressing this trend with the creation of a Connected Retail experience at its Deloitte Greenhouse innovation space in Cape Town.
Richemont names veteran Jérôme Lambert as new CEO

Luxury goods group Richemont has promoted Jérôme Lambert to the position of group CEO, with immediate effect. Lambert, who moves from the post of group chief operating officer, replaces Richard Lepeu, who retired more than a year ago.
7 ways to create in-store experiences that drive traffic and sales

Competition in the retail industry is fiercer than ever. Between e-commerce sites and subscription services, consumers have plenty of choices when it comes to where they spend their time and money.
Tesco links up Jamie Oliver to push healthier eating

Tesco is stepping up its drive to encourage its customers to follow healthier diets by linking up with celebrity chef and campaigner Jamie Oliver.
Reducing returns: Tips to keep e-commerce merchandise from coming back

Product returns are one of the biggest challenges for online businesses. Customers can’t see, touch or feel the product before buying it, so the return rate for all e-commerce businesses ranges between 25 to 40 percent. How can you prevent that dent from becoming a deep pit that swallows up your time and money?
Tiffany's focus on the young pays off

Tiffany’s quarterly results topped Wall Street estimates on strong demand for its jewellery in the Americas and China, helping the upmarket retailer raise its full-year profit forecast. Tiffany’s shares rose 4.3% to $135.37 in premarket trading after the company said it expected full-year earnings per share to be between $4.65 and $4.80, up from $4.50-$4.70.
READ MORE MARKETING & BUSINESS NEWS READ MORE INTERNATIONAL NEWS


MakeMeMobile receives global Honeywell award for Shoprite solution

At its recent annual European partner conference, Honeywell celebrated its top Productivity Products and Workflow Solutions partners who demonstrated success in 2017.
Sea Harvest announces interim results and the acquisition of Ladismith Cheese

Sea Harvest Group reported revenue of R1.004bn, down 5% from the corresponding period in 2017 impacted by the reduction in the total allowable catch (TAC) in South Africa, and the delayed start to the prawn fishing season in Australia.


The balancing act of packaging design and product information

Unlike the seasonal fashion designs for clothing, packaging design trends seem to stick around for some time. However, as we rapidly approach the end of 2018, there are some that are no longer finding traction on retail shelves.
Packaging that tells a story

On-pack promotions are one of the most frequently used methods of differentiating products at retail to boost sales, evoke an emotional response and drive brand loyalty.


Thai Prawn Curry

Indulge your love of seafood with this Thai Prawn Curry – a creamy and spicy comfort food dream made using sweet and deliciously tender Patagonian prawns. Our superb selection of exotic prawns is sustainably sourced and brought to you every day at harbour prices.
Lemon and Cashew Date Balls

As cooked by Justine Drake on Just Cooking Season 2.


Shoprite helps create a safer more stimulating environment for pre-schoolers

Shoprite is taking hands with Early Childhood Development (ECD) centres across the country to bring about transformation by enabling the education of the poorest and most vulnerable.




Convenience Retailing Summit

Through two days of presentations, interactive breakout sessions, case studies and Q&A sessions, and timed to coincide with Talking Retail’s Retail Industry Awards for greater networking opportunities, you will be part of the most comprehensive convenience event ever staged.

26 September 2018 - 27 September 2018
London
SACSC 22nd Annual Congress

The SACSC Annual Congress has become an event that not only brings up-to-date information and industry networking, it also celebrates the country’s retail, shopping centre and associated industries.

17 October 2018 - 19 October 2018
Durban


CGCSA Summit

The CGCSA Summit programme offers a unique opportunity to network with the CEOs and top leaders from some of South Africa’s most successful retailers and manufacturers and get inspired by an exceptional line up of speakers and industry experts.

14 November 2018
Johannesburg
 


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Editorial and Advertising
Editor : Jessi Wesson
Tel: +27 (0)87 350 8057 | Email: editor@fastmoving.co.za

       


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