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CONSUMER SPEND NEWS ON FASTMOVING

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Retail sales jump in May ahead of expected rate cuts

Retail sales jump in May ahead of expected rate cuts

18/07/2019 - 09:24
South Africa’s retail sales rose more than expected in May as sales of household goods, furniture and appliances expanded quickly, a hint that pressure on consumers was easing ahead of an expected lending rate cut that may further support spending. read more
Consumers relying more on credit to survive

Consumers relying more on credit to survive

26/06/2019 - 08:38
Consumers are increasingly relying on their credit cards and personal loans for daily survival, the latest statistics from one of the major credit bureaus reveal. read more
Increase in sales reflect stronger second quarter

Increase in sales reflect stronger second quarter

13/06/2019 - 10:41
Data from Statistics South Africa (StatsSA) showed that retail sales in April increased 2.4percent year-on-year - the strongest gain in retail trade in six months, providing further evidence that the economy began the second quarter on a firmer footing following the first quarter’s 3.2percent plunge. read more
South Africans are spending less on their weekly shopping trip

South Africans are spending less on their weekly shopping trip

23/05/2019 - 09:44
Tiger Brands, which carries brands including Koo canned foods, All Gold, and Tastic rice, said that revenue from continuing operations fell 2% to R15.4 billion in the interim period. read more
Retail sales beat expectations in February

Retail sales beat expectations in February

19/04/2019 - 12:39
SA shoppers spent more than expected in February, with retail sales growing 1.1% year on year, led by expenditure in the textiles, footwear and clothing sector. read more
2 out of 3 South African consumers participated in Black Friday - consumer expert

2 out of 3 South African consumers participated in Black Friday - consumer expert

11/04/2019 - 09:14
Data shows that 2 out of 3 South African consumers participated in Black Friday shopping at some point, according to Isana Cordier, sector head for consumer goods and services, corporate and investment banking at ABSA.  read more
Lower retail sales reflect slowing US economy

Lower retail sales reflect slowing US economy

02/04/2019 - 08:43
US retail sales unexpectedly fell in February, the latest sign that economic growth has shifted into low gear as stimulus from $1.5-trillion in tax cuts and increased government spending fades. read more
How retailers can add value for consumers in turbulent economic times

How retailers can add value for consumers in turbulent economic times

25/03/2019 - 15:51
For the most part, it has been a dismal year for South African retailers; elevated household debt, higher fuel prices and an increase in value-added tax squeezed consumer spending. However, Ackermans, South Africa’s longest standing value retailer, performed well over 2018 reporting growth of just over 10% which is three times more than the industry benchmark.  read more
AVI hit by constrained consumer spending

AVI hit by constrained consumer spending

13/03/2019 - 12:42
Food and beverage company AVI Limited felt the pinch of constrained consumer spending as income from its shoe brands Green Cross and Spitz slid in the half year to December, resulting in revenue in the footwear and apparel category declining by 9.2 percent to R1.14billion. read more
Consumer spending rises in December 2018

Consumer spending rises in December 2018

16/02/2019 - 20:48
Consumer spend over the traditional holiday period in December reflected a year-on-year increase, according to BankservAfrica’s data which measured the value and volume of sales in December. read more
Mastercard Index: Love and pockets run deep in South Africa as Valentine’s Day spend soars

Mastercard Index: Love and pockets run deep in South Africa as Valentine’s Day spend soars

14/02/2019 - 10:07
According to the latest Mastercard Love Index, South Africans are willing to dig deeper into their pockets to spoil the ones they love on Valentine’s Day, splashing out on experiences like dining out and travel rather than on traditional gifts.  read more
Consumers optimistic about SA economy, household finances

Consumers optimistic about SA economy, household finances

29/01/2019 - 14:51
Consumers are fairly optimistic that the outlook of the SA economy and their household finances will improve over the next 12 months, the FNB/BER Consumer Index has revealed.  read more
Massmart also sings the retailers' blues

Massmart also sings the retailers' blues

23/01/2019 - 09:49
Massmart, which is owned by US retail giant Walmart and runs the Game, Makro and Dion Wired chains, saw its share price drop 21%, to close at R90.65, after reporting flat sales for the festive season. read more
A disappointing Black Friday for in-store retailers

A disappointing Black Friday for in-store retailers

20/12/2018 - 10:54
Most retailers had high expectations of bumper sales on Black Friday, November 23, but data from retail management platform Vend shows that that in-store retail spending decreased from 2017 with a 10% drop in spending and a 2% drop in sales volumes. read more
SA malls gearing up for Christmas

SA malls gearing up for Christmas

19/12/2018 - 10:05
Hot off the heels of the global Black Friday phenomenon, retailers, brands and shopping centres across South Africa have geared up to make the most of 2018’s Festive Season which is already upon us. read more
SA to spend more than R200bn over the festive season

SA to spend more than R200bn over the festive season

13/12/2018 - 09:57
South Africans are set to spend over R200bn this festive season, with an average of nearly R6 000 each, a recent survey has found. read more
Black Friday: how a sales gimmick is changing SA’s retail sector

Black Friday: how a sales gimmick is changing SA’s retail sector

30/11/2018 - 10:10
Black Friday promotional sales are transforming the SA retail sector. read more
R6 million – the biggest single transaction on Black Friday 2018

R6 million – the biggest single transaction on Black Friday 2018

29/11/2018 - 10:20
Online sales for Black Friday and Cyber Monday 2018 exceeded figures for 2017, according to BankservAfrica, Africa’s largest automated payments clearing house. read more
How will the interest rate hike impact SME owners?

How will the interest rate hike impact SME owners?

27/11/2018 - 10:41
Despite a strengthening rand and slight recovery of the oil price, the South African Reserve Bank (SARB) announced that the repurchase (repo) rate will increase by 25 basis points to 6.75 percent, effective from 23 November 2018. This increase in interest rates – which pushes the prime lending rate up from 10 percent to 10.25 percent - is the first rates hike that South Africa has seen since March 2016.  read more
#BlackFriday: Wallet squeeze increases sensitivity to prices

#BlackFriday: Wallet squeeze increases sensitivity to prices

23/11/2018 - 10:21
Wallet squeeze has seen South African consumers growing increasingly sensitive to prices and promotions over the past several years.  read more
Black Friday spikes turnover for SMEs

Black Friday spikes turnover for SMEs

22/11/2018 - 10:50
Even though it is tempting to relegate Black Friday as just another marketing gimmick, the reality is that it signifies the start of a month-long consumer spending frenzy that significantly boosts retail revenues. read more
SA brands start the countdown to Black Friday

SA brands start the countdown to Black Friday

29/10/2018 - 11:12
The days are getting longer and hotter, suburban South Africans are firing up their braais and the malls will soon be filled with the sounds of Boney M. Yes, it’s nearly time for the festive shopping season, preceded by Black Friday, an imported tradition that South African shoppers have made their own. With a few weeks to go before Black Friday on 23 November, technical goods retailers and manufacturers are scrambling to get ready.  read more
Richemont names veteran Jérôme Lambert as new CEO

Richemont names veteran Jérôme Lambert as new CEO

10/09/2018 - 14:08
Luxury goods group Richemont has promoted Jérôme Lambert to the position of group CEO, with immediate effect. read more
UK retail sales rebound in July on warm weather, discounts

UK retail sales rebound in July on warm weather, discounts

30/08/2018 - 10:23
UK retail sales bounced back strongly in July as warmer weather and extended discounts at stores encouraged shoppers to open their wallets. read more
Sluggish economy hits Cashbuild as consumers tighten belts

Sluggish economy hits Cashbuild as consumers tighten belts

28/08/2018 - 14:15
Building materials retailer Cashbuild reported a 9% drop in full-year net profit to R425.25m, which it blamed on sluggish economic growth putting pressure on consumer spending.  read more
South Africans changing spending habits due to financial pressure, index shows

South Africans changing spending habits due to financial pressure, index shows

22/08/2018 - 09:22
South Africans are under financial pressure and have adjusted their spending behaviour to weather the economic headwinds, according to Shergeran Naidoo, head of stakeholder relations at BankservAfrica. read more
Cars and clothing lead surprisingly large rise in US retail sales

Cars and clothing lead surprisingly large rise in US retail sales

17/08/2018 - 13:32
US retail sales rose more than expected in July as households boosted purchases of motor vehicles and clothing, suggesting the economy remained strong early in the third quarter. read more
Closing the sales loop – advertising in the mall environment

Closing the sales loop – advertising in the mall environment

17/08/2018 - 08:38
As the relationship between retailer and customer becomes more complex and consumers’ motivation to purchase one product over another continues to shift and evolve, especially in this digital age, social media, personalisation and the need for customers to find both affinity and value in a brand have become increasingly important. read more
Clover’s earnings to rocket

Clover’s earnings to rocket

13/08/2018 - 09:41
Clover’s share price climbed 4.11% after it said it expected a threefold increase in full-year headline earnings per share.  read more
Shock April retail sales crash after VAT increase

Shock April retail sales crash after VAT increase

13/06/2018 - 15:48
April’s increase in VAT and fuel prices knocked retail sales growth down to a ninth of the 4.5% expected by economists. read more
Increase in mall foot traffic drives consumer-brand engagement

Increase in mall foot traffic drives consumer-brand engagement

01/05/2018 - 12:59
While mall occupancy levels and foot traffic have decreased in some malls, other malls have experienced excellent growth over the six months to December. So, what does this mean for brands? Brands need to be where the consumers are and what better place than the mall environment. John Faia: GM of Mall Ads™ unpacks the status quo. read more
Retail sales volumes highest in six years

Retail sales volumes highest in six years

15/03/2018 - 10:42
The discretionary spending power of consumers is slowly returning as inflation slows and the rand strengthens.  read more
SA retailers and shopping centres remain steadfast

SA retailers and shopping centres remain steadfast

01/02/2018 - 11:50
Retailers and shopping centres throughout the country are reeling in from the challenging 2017 year. Despite this, retailers and shopping centres garnered support from consumers over the Festive Season. read more
Higher consumer spend expected in second half

Higher consumer spend expected in second half

30/04/2015 - 10:12
While steep electricity and municipal tariff increases are set to weigh on household disposable incomes in the second half of the year, this will not be enough to dent expectations of improved consumer spending. read more