RETAIL INDUSTRY NEWS ON FASTMOVING

Hearing from some of the best speakers in the retail industry, 480 minutes of thought-provoking and relevant insights, amazing networking opportunities and the exchange of ideas. The realisation that the retail sector is rapidly changing and to survive and ensure sustainability, businesses need to evolve – it is no longer a ‘nice to have’ – it’s a necessity – this was the 2019 SACSC Congress. read more

The Shoprite Group is fighting crime by investing heavily in sophisticated security and other measures to make its shopping space secure, reduce the number of criminal incidents and increase the number of arrests.  read more

Retailers across the world continue to face strong headwinds. They have suffered a sharp drop in business in recent years, with bankruptcy filings and store closings almost becoming commonplace.  read more

The retail industry has undergone a massive transformation with the advent of technology. Beyond the rapid rise of online shopping, retailers are spying innovative ways to hang on to traditional shoppers while diversifying both their channels and their wares.  read more

South African retailers are planning to pull out all the stops to make this year's Black Friday the biggest one-day discount sale the country has seen. read more

The benefits to property funds of diversified retail portfolios in the current market, in terms of shopping centre format, profile and geography, have again been reinforced by latest trading results, according to the Clur Report of SA Retail Property for May. read more

In recent weeks, there have many a number of accounts of explosive and incendiary (fire-starting) devices being reported at various shopping centres and retail stores across the country. Hoaxes or terrorist plots? The truth is unknown but it is no secret, malls and shopping centres across the country are being targeted by the criminal underworld.  read more

Chinese e-commerce company JD.com predicts robots will eventually replace human workers in the retail industry. read more

Property sector stalwart Stephan Le Roux has been appointed as the new South African Council of Shopping Centres (SACSC) president. read more

Following the recent release of its latest retail trade sales publication, Statistics South Africa has compiled a new fact sheet focusing on the biggest aspects of the retail industry. read more

Toys R Us plans to shut at least 26 UK stores, as the retailer goes through bankruptcy proceedings in the US.  read more

Toys ‘R’ Us, the largest US toy store chain, filed for bankruptcy protection late on Monday. read more

STRETCHED consumers with reduced disposable income are not unique to SA’s retail sector, says Raam Ratnam, S&P Global Rating’s senior director for corporate ratings for retail companies. But pressure on credit spend is a significant local risk. read more

The landmark 20th South African Congress of Shopping Centres is set to take place at the Sandton Convention Centre from 7 to 9 September 2016.  read more

The South African Council of Shopping Centres (SACSC) has introduced a ground-breaking new education programme designed to provide centre management teams with a better overall understanding of the retail environment.  read more

VENTURES AFRICA – Barloworld Logistics, a unit of the JSE-listed diversified industrials giant, Barloworld Goup, is expanding its specialised logistics solutions to the Arab states of the Gulf, it said on Monday. read more

New Delhi - India will open the country’s retail industry to foreign supermarkets, a cabinet minister told reporters on Thursday, a much-delayed reform expected to help unclog supply bottlenecks and ease inflation over time. read more