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4 step check-list for SMEs looking to jump into online retail

For SMEs considering including online retail within their omnichannel strategy, there is no time like the present. As mobile penetration continues to grow, along with the customer’s need for accessibility and convenience, the pros to e-commerce are undeniable. But timing and preparation are integral to any SMEs success in online retail and a premature move into the space could have a considerably negative impact on a business’ bottom line.

“Seeing a brand grow online through social media follows and repeat purchases are just part of the success factors a business needs to measure,” says Matt Roux, CTO for Emerce Commerce. “The reality is that a business owner needs to see that each order is profitable and ideally, that online sales are at least 1% of retail store purchases.”

According to Roux, South Africa also presents trading nuances for which SMEs need to prepare. Costs for fulfilling orders to more remote towns can get very expensive, especially for large dimension products. Another local consideration is that payment gateway providers charge high per-transaction commissions for low volume online stores – a factor that could prove unsustainable for some SMEs.

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LATEST REPORTS

       

Pick 'n Pay
In 1967 Raymond Ackerman purchased four small stores, launching Pick n Pay as South Africa’s first food discounter. Listed on the Johannesburg Securities Exchange the following year as Pick n Pay Stores Limited, its appearance among the Sunday Times Top 100 companies in 1969 reflected its rapid growth to prominence.
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NEW RELEASES & PRODUCTS
Oude Molen Unveils an Award-Winning, Handcrafted XO Brandy

Oude Molen, one of South Africa’s oldest brandy distilleries has unveiled its new award-winning handcrafted premium Cape Brandy, which recently won Gold at the 2016 Global Spirits Masters.
Local brand launches re-usable Ecoffee Cup #stopthe100billion

It is estimated that as many as 100 billion coffee single-use cups are being thrown away each year. But a local brand challenges South Africa’s contribution to the waste epidemic with a unique range of reusable and recyclable take away cups that happen to be incredibly stylish.
Krone launches the Night Nectar Demi-Sec Rosé 2015

Krone, masters of bubbly from the historical Twee Jonge Gezellen Estate in the picturesque village of Tulbagh, have revealed their latest secret. It is the Krone Night Nectar Demi-Sec Rosé, delightfully refreshing, charmingly drinkable and very easy to love, and the perfect blushing counterpart to the Krone Night Nectar Demi-Sec which was launched in 2014.
Darling Brew introduces Africa’s first carbon neutral beer

Darling Brew in South Africa has launched the first carbon neutral beer in Africa, Blood Serpent. With the reaffirmation at Cop 21 that the global temperature rise needs to be capped at 2 degrees from pre-industrialised levels, calls have been made for decarbonisation and carbon neutrality.
NEWS HEADLINES
RETAILER NEWS | View all ECONOMIC NEWS | View all


Jeff Zidel new president of SA’s shopping centre council

Johannesburg - Property developer and investor Jeff Zidel has been appointed president of the South African Council of Shopping Centres (SACSC).
Food prices push up producer inflation

PRODUCER inflation accelerated to 6.8% year on year in June, from 6.5% in May. The increase in the producer price index (PPI) was faster than economists had expected, with Bloomberg finding a consensus forecast of a 6.7% increase, while Trading Economics put it at 6.38%.
Mall of Africa gets massive Wi-Fi network

Johannesburg - One of Africa’s biggest shopping malls will have free end-to-end Wi-Fi across its more than 130 000 square metres of retail space.
Developers shift focus to smaller malls

Some developers are shifting their focus to small and convenience shopping centres, especially in rural or semi-rural areas, as demand increases in these historically undersupplied areas.
Pick n Pay boosts Zim partner's earnings

Harare - A strong performance from Pick n Pay and its sister grocery retailer TM Stores saw Meikles Limited record a 10% growth in turnover in its supermarkets segment.
Dischem gets RAC nod for likely listing

INVESTMENT firm RECM and Calibre (RAC) — headed by investment personalities Piet Viljoen, Jan van Niekerk and Theuns de Bruyn — has made rosy returns on its holding in healthcare retailer Dischem, which is reportedly being prepped for a JSE listing.
Why the SA economy needs to grow by at least 5%

Johannesburg - South Africa’s economy needs to start expanding, and by a much higher rate, if it hopes to make any dent in poverty, says local economist Dawie Roodt.
Rand at strongest level against pound in over a year

Cape Town – The rand was trading at its highest level in over a year against the pound on Tuesday, as Turkey’s failed coup saw global markets bounce back from their risk-induced levels. The rand was 1% stronger at R14.25 against the dollar on Tuesday at 08:30. It was 1.1% stronger at R18.85 to the pound and 0.85% stronger at R15.79 to the euro.
Government service costs crippling SA businesses

Cape Town - More than half of South African businesses have been hampered by government service costs in the past six months. This was revealed on Monday according to data from the second quarter Grant Thornton’s International Business Report (IBR) for 2016.
MARKETING & BUSINESS NEWS | View all INTERNATIONAL NEWS | View all


Innovation is the driving force behind understanding clients’ needs

The role of neuroscience in driving business relevancy for brands
Wal-Mart buys Jet for record-breaking $3b

After days of speculation, Wal-Mart Stores officially announced its acquisition of online retailer Jet on Monday morning, completing the biggest deal in U.S. e-commerce startup history.
Starbucks Mobile Pay explodes in popularity, next step suggestive selling

Ordering by phone is proving to be popular with coffee drinking customers. Starbucks Mobile Order and Pay usage reached 5% of U.S. transactions in the third quarter 2016, up from 4% in Q2.
Advancements in mobile technology further connects Africa with global markets

The growth of mobile phones and services across the African continent has instantly brought many Africans into the digital age and connected them to worldwide knowledge and services.
MTN revamp aims to boost client services

MTN SA will spend more than R300m on a revamp of its 430 stores as part of a turnaround plan for the business, which reported weaker results for the six months to June.
Done deal for merger of two supermarket giants

The Federal Trade Commission has given its blessing to a deal that creates the fourth largest supermarket company in the United States.
Amazon shatters Q2 expectations, posts record sales

Amazon reported on Thursday the second quarter 2016 net sales of $30.4 billion, up 31% from $23.2 billion in the second quarter of 2015—the online retail giant’s fifth consecutive quarter in the black, and its third all-time profit milestone in as many quarters
Whole Foods 365 and the rise of the millennial focused store

Recent news about Whole Foods Market’s 365 stores has created a stir in the grocery industry. Whole Foods 365 stores are lower-cost versions of the store that sell primarily products from the retailer’s private label called 365.

MARKETING & BRAND ACTIVATION
A winning combination – Pioneer Foods acquires Streamfoods Holdings Limited in the United Kingdom

Pioneer Foods, leading South African FMCG company, today announced that it has entered into an agreement to acquire the entire issued share capital of Streamfoods Limited for a purchase consideration of GBP7.5 million. Streamfoods Holdings Limited is wholly owned by the Wellness Group of companies.
The BIC® CLIC®, South Africa's most iconic pen, turns 60 in silver and gold

The BIC® CLIC™ ballpoint pen, one of South Africa’s most iconic brands, commemorates its 60th anniversary this year. The traditional ‘click to write’ pen has a significant presence as a staple part of every South African’s stationary collection from students to office workers and everyone in between. To celebrate, BIC has designed a new gold and silver limited edition CLIC™ pen to honour this milestone.
MakeMeMobile scoops two awards at the 2016 Honeywell META Partner Conference

MakeMeMobile was recognised for their excellence at the recent Honeywell Sensing and Productivity Solutions’ three-day Middle East Turkey and Africa (META) partner conference in Bangkok.
LINDT expands its chocolate footprint in South Africa

South African chocolate connoisseurs have another sweet treat in store, as Lindt & Sprüngli opens its new LINDT Chocolate Boutique in the magnificent Mall of Africa this month.
Rickety Bridge Paulina's Reserve Cabernet Sauvignon 2013 ranked amongst South Africa's best for the fourth time in five years

The excellence of Rickety Bridge’s Cabernet Sauvignon has been re-affirmed with the Paulina’s Reserve Cabernet Sauvignon once again singled out as one of South Africa’s best in the 2016 Prescient Cabernet Sauvignon Report.
TFG opens a virtual door to the world of menswear fashion

Fabiani, Markham, Relay and G-Star Raw have joined the expanding TFG (The Foschini Group) online mall, offering a seamless and convenient online shopping experience across multiple menswear stores – all available at tfg.co.za.
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LOGISITCS, PACKAGING & SUPPLY CHAINS
Keep your products hanging for longer with Do-It’s HangTite™ Adhesive

Do-It Corporation prides itself in its determination to always design and manufacture the best retail merchandising solutions. Through this determination, they have become one of the world’s largest hang tab manufacturers.
Spies joins the management team at ID Logistics South Africa

In line with their approach to sustainable development, ID Logistics, one of the leaders in contract logistics, has announced the appointment of Friedel Spies as the new Business Development Director for ID Logistics South Africa as of 1 April 2016.
Fix-a-Form® case study: multi-lingual label creates economies of scale

Fuel Set™ FCC, a fuel conditioner manufactured in Australia, has been successfully brought on-stream in 14 countries across the European Union and Eastern Europe.
ID Logistics expands with innovative solutions

ID Logistics South Africa, part of the global French contract logistics company, is making headway in the chilled distribution market since it established its comprehensive and national network infrastructure to optimise Danone’s Southern African supply chain in 2012.
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RECIPES
Sip a beer cocktail this summer

The coming warmer weather has reinvigorated creative thinking, and the beer guru’s at The South African Breweries have come up with a host of delicious new beer cocktails.
Savour this healthy pumpkin crumble

It’s time to give up the traditional unhealthy pumpkin pie and move on to this healthy, delicious pumpkin crumble. It is packed full of healthy ingredients and helps protect against many diseases.
Loving lentils

Lentils are the world’s oldest cultivated legume, so it is no surprise that they have become a staple across the globe.
Heartening, nourishing and delicious pulses

For centuries, almost in every country in the world, pulses have been ingredients in traditional nourishing dishes.

CORPORATE SOCIAL INVESTMENT
ACDOCOSA Donates R400,000 LifeStyles Condoms to Dis-Chem Foundation

Specialist Consumer Packaged Goods brand-custodian distributor, ACDOCO South Africa (“ACDOCOSA”) in partnership with the Dis-Chem Foundation has donated R400,000 worth of LifeStyles Condoms by Ansell, to different NGO’s across South Africa.
Times Media comes on board as a MOST Awards sponsor

Wag the Dog Publishers welcomes Times Media on board as the sponsor of the MOST Media Agency of the Year Award. The 8th annual MOST Awards is just over a month away. The ceremony is being held on Tuesday 13 September 2016 at The Wanderers Club in Illovo, Johannesburg.
Afri-Save celebrates Women’s Month

Port Elizabeth, South Africa, 8 August 2016 – The contributions by and courage of South African women were observed and honoured with a special Women’s day event hosted by Eastern Cape wholesale commodity trading giant Afri-Save Cash & Carry.

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UPCOMING EVENTS
March – August 2016
Gabriëlskloof whips up new Breakfast Trilogy

Gabriëlskloof Estate, South Africa
20 August 2016
Save the date: Plaisir de Merle Winemaker's Table Dinner

Plaisir de Merle, Simondium, between Paarl and Franschhoek
23rd August 2016
Sunday Times Top Brands 2016

The Maslow Hotel, 146 Rivonia Road, Sandton, Johannesburg
02-04 September 2016
Bot River hosts blooming nice spring weekend

Bot River, Overberg, South Africa
 
12-14 September 2016
Paris Retail Week 2016

Paris expo Porte de Versailles, Paris
16 – 20 October 2016
Don’t miss SIAL Paris - The exhibition that inspires the world’s food industry

Paris Nord Villepinte - Paris, France
27 February and 1 March 2017
Over 200 Exhibitors Committed to PACK EXPO East 2017

Pennsylvania Convention Centre, USA
 
RECRUITERS & NEW APPOINTMENTS

Strategy Recruitment Marketing

Strategy Recruitment Marketing, tailor-made alternative recruitment solutions, the latest recruitment practices and technology, cost-effective impactful results.

Nicolene Di Bartolo

Nicolene Di Bartolo develops and delivers strategic recruitment solutions that are innovative, robust and effective. Our executive search and management appointment services are trusted by leading employers, both locally and internationally.

Silo

Hirt & Carter

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ABOUT US
FASTMOVING provides a business-to-business online service, showcasing the latest trends in the retail and consumer brands in South Africa and Africa. We reach both local and international Retail Buyers, Store Managers, Liquor Outlets, Manufacturers, Distributors, Brand and Marketing Managers with news and information about Products and Services available to the South African Retail Industry.

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Editorial and Advertising
Editor : Jessi Wesson
031 203 3220
Email: editor@fastmoving.co.za