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The reinvention of retail demands new metrics

Recent retail earnings, as well as various industry reports, continue to support three continuing and profound trends. First, those retailers stuck in the vast and largely undifferentiated middle continue to struggle and, in some cases, face existential crises. Second, physical store traffic remains down almost entirely across the board, with little prospect of reversing. Third, e-commerce continues to gain overall market share at the expense of brick & mortar.

Given this new reality, this new retail world order, it’s time re-think what future success looks like and develop a set of new metrics. Same-store YoY as the metric of choice is a decision to hold onto the past, to refuse to accept that the metric was built for a world in which we no longer live. Retailers who refuse to change, to evolve to this new reality, further their risk of irrelevance.

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LATEST REPORTS
     


McCain introduces new Green Medley Mix

The new McCain Green Medley Mix is incredibly versatile. The beginning of the year often sees many South Africans changing the way in which they eat with a focus on being healthy and dropping the summer bulge. This focus on healthy eating is often linked with eating delicious and nutritious green veggies which is why McCain has recently launched its new Green Medley Mix, the perfect mix of spinach, peas, green beans, and broccoli.


 RETAILER  ECONOMIC
Cape Town retailers prepare for water stockpiling ahead of
day zero


With the imminent arrival of Day Zero, Capetonians have been dashing to the stores to stockpile water for when taps run dry.
Clothing sector to unzip retail sales growth

Analysts are upbeat about the clothing-retail sector’s outlook for 2018 even though some struggled to lift volumes significantly on Black Friday and during the festive season.


Wiese cuts stake in Steinhoff

Christo Wiese, the former chairman of Steinhoff International Holdings NV, has slashed his stake in the retailer to 6.2%, a move that may mean one of South Africa’s richest men is no longer the company’s biggest shareholder.
Water crisis threatens not only Cape, but SA economy

Cape Town’s water crisis is likely to have far-reaching consequences, not only on the local economy but on the national GDP. The water crisis threatens further downgrades from ratings agencies, hampering much-needed investment, economists have warned.
H&M reports biggest profit drop in six years

Hennes & Mauritz reported its biggest drop in profit in six years, adding pressure on CEO Karl-Johan Persson, who is trying to right the ailing Swedish clothing chain after recent slip-ups.
Retail spending up in December on stronger rand, says Mastercard

Retail spending grew 3.8% in December on the back of the stronger rand and lower inflation, according to Mastercard.
READ MORE RETAILER NEWS READ MORE ECONOMIC NEWS
 MARKETING & BUSINESS  INTERNATIONAL
Customer obsession - a 2018 priority - and other trends

Customer obsession will be the cornerstone of successful businesses next year, according to a recent Forrester report. It says that if chief marketing officers (CMOs) are not prepared to step up to the plate to drive customer obsession, their role will be usurped by another C-suite executive, such as chief growth officers.
Amazon overtakes Google and Apple to become world's most valuable brand

Amazon has leapfrogged Google and Apple to become the world’s most valuable brand after seeing its value increase by 42 percent last year.


From transaction to companion: Engaging at each level of the consumer journey

Unbeknownst to many, the shopping experience doesn’t begin with the purchase of an item. Rather, it begins when a consumer has a need or desire for a certain item.
Organic food sales hit a record £2.2 billion

Organic food and drink sales hit a record £2.2 billion last year thanks to a boost from independent retailers and home deliveries.
Giving a voice to your "silent majority" boosts the customer experience

Online ratings and reviews can offer valuable insights into what customers are really thinking. But what happens when that feedback isn’t the whole story?
Portugal sees 4% FMCG growth in 2017

Portugal’s FMCG market grew by 4.2% in 2017, with similar increases seen in sales of manufacturer brands (+4.3%) and private-label goods (+4.2%).
READ MORE MARKETING & BUSINESS NEWS READ MORE INTERNATIONAL NEWS


What’s in-store for eCommerce in 2018?

Attend the DHL eCommerce MoneyAfrica Conference & Exhibition to obtain key insights and strategic takeaways on the entire eCommerce and retail services ecosystem from thought leaders who are driving innovation through disruptive content focused on technology.
Acdoco SA appointed exclusive local distributor for Jordan oral care

Specialist consumer packaged goods brand-custodian and distributor, ACDOCO SA has announced that it is been appointed as the exclusive South African distributor for multi-award winning, global oral care brand, Jordan.
aQuellé Midmar Mile swimmers to raise R3m for SA charities

Around 13 000 swimmers are expected at the 45th aQuelle Midmar Mile. As the world's largest open water swim, the event has become an important annual fundraiser for a variety of South African charities.


Short lead time? Get your promotion to market quickly

An on-pack promotion is a fast, flexible and effective solution for driving purchases in the retail environment; and with Pyrotec PackMedia’s Fix-a-Form® Promotional Booklet Labels, you have all the space you need for your promotional messaging or new product launch campaign.
Making informed decisions simpler, with the Internet of things

IoT simplifies management, control, and analysis of your production supply-chain.
Global Plastic Alliance increases membership and worldwide reach

International role players make important advances towards sustainability and marine litter solutions.


Jewelled Pilaf

Bold enough as a light meal or a shining side.
Nutty Fudge

Three ingredients for the ultimate sweet treat.


Shoprite’s Disaster Relief Fund to be used exclusively for water relief

As parts of the Western, Eastern and Northern Cape remain in the grips of the worst drought in a century, the Shoprite Group has heeded the call of South Africans to help Cape Town and other communities that will soon be left without water through its till-point donation facility.


The Block&Coin Summit

Block&Coin will feature thought-provoking discussions and presentations about blockchain, cryptocurrencies, disruptive technologies and ICO’s.

5 March 2018
Workshop 17, V&A Waterfont, Cape Town
Seamless Africa

Future of payments, E-commerce and retail.

5 March 2018 - 6 March 2018
Cape Town International Convention Centre


eCommerce Money Africa Confex

Where innovators meet to unlock eCommerce and Fintech growth opportunities in Africa.

14 March 2018 - 15 March 2018
Cape Town International Convention Centre
Mall & Retail Indaba

Mall & Retail Indaba is a two-day conference designed for Shopping Centre Owners, Managers and Marketers and Retail Executives.

14 March 2018 - 15 March 2018
Johannesburg venue TBC


Consumer Goods Forum Global Summit 2018

An unparalleled opportunity to network with CEOs from some of the world’s most successful companies and gain key insights into the challenges...

12 June 2018 - 15 June 2018
Marina Bay Sands, Singapore
Food Ingredients, Natural Ingredients Europe

Uniquely focused on ingredient packaging and processing solutions for the f&b industry.

28 November 2018 - 30 November 2018
Messe Frankfurt, German


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.
Strategy Recruitment Marketing

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


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FASTMOVING is a Silo company that provides a business-to-business online service, showcasing the latest trends in retail and consumer brands in South Africa and Africa. We reach both local and international Retail Buyers, Store Managers, Liquor Outlets, Manufacturers, Distributors, and 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
Tel: +27 (0)21 410 8129 | Email: editor@fastmoving.co.za

       


Silo is South Africa's leading source of rich brand content and retail promotional intelligence. Silo provides a digital asset management solution to brands, retailers and brand content users.