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SHOPPING MALLS NEWS ON FASTMOVING

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Mtuba Mall harnesses power of the sun

Mtuba Mall harnesses power of the sun

08/08/2019 - 11:32
With Eskom’s stability looking far from certain, businesses are searching for cheaper and more reliable alternatives to generate electricity.  read more
Pick n Pay to engage competition regulator over report on market dominance

Pick n Pay to engage competition regulator over report on market dominance

30/07/2019 - 14:22
Supermarket chain store Pick n Pay said on Tuesday that it would continue to engage South African competition regulators to address its concerns about the retailer's market dominance in shopping malls. read more
Sky City Mall opens and there’s more to come this year

Sky City Mall opens and there’s more to come this year

04/07/2019 - 15:31
The R155 million first phase of the new Sky City Mall, catering for the residents of Waterval, Palm Ridge, and Kathlehong some 35km south east of Johannesburg in Gauteng’s Ekurhuleni Metro, is trading well since opening its doors to scores of shoppers on 18 April.  read more
How the Crazy Store manages to buck the retail trend

How the Crazy Store manages to buck the retail trend

27/06/2019 - 08:59
Walk into virtually any shopping mall in SA, and it seems you'll find a Crazy Store. From humble beginnings, the discount retailer has become a 374-chain - and counting. read more
More grocery stores in malls on the cards

More grocery stores in malls on the cards

03/06/2019 - 16:08
The Competition Commission said that it wants Pick n Pay, Woolworths, Spar, and Shoprite to stop enforcing exclusivity clauses in shopping malls they do business to allow for more competition. read more
Plastic bags to be banned at some of SA's biggest malls, including Sandton City

Plastic bags to be banned at some of SA's biggest malls, including Sandton City

16/05/2019 - 09:07
JSE-listed real estate giant Liberty Two Degrees (L2D), which owns some of South Africa's top shopping malls, says it will implement a "no plastic shopping bag" policy at its malls by 1 January 2020. read more
Holiday marketing tips to help your store stand out

Holiday marketing tips to help your store stand out

27/11/2018 - 08:59
The festive season is a challenging time for shopping malls in Cape Town. Customers are ready to spend their hard earned money and make impulse decisions, therefore, you need to ensure your store is ready for the holiday rush and that your marketing strategy attracts the big spenders.  read more
An effective online retail strategy will allow SA to catch up with big guns

An effective online retail strategy will allow SA to catch up with big guns

26/11/2018 - 13:25
The rise of online retail internationally has raised an apocalyptic spectre of empty malls, dying city centres, local factory closures and rising unemployment.  read more
Footprint Marketing Awards winners announced

Footprint Marketing Awards winners announced

19/10/2018 - 09:33
The 2018 Footprint Marketing Award winners were announced on the second day of the South African Council of Shopping Centres (SACSC) Annual Congress, held at Durban’s International Convention Centre.  read more
Technical goods revenues soar at SA malls, despite mall proliferation and rise of online shopping

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

20/08/2018 - 10:48
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. read more
Shopping malls getting bigger, says study

Shopping malls getting bigger, says study

15/12/2017 - 08:50
According to a recent study conducted by Morgan Stanley Capital International (MSCI) Real Estate South Africa on behalf of the South African Council of Shopping Centres (SACSC), malls are getting bigger. read more
South African malls on high alert after terror warnings

South African malls on high alert after terror warnings

08/06/2016 - 12:06
A corporate group representing five malls in Johannesburg and Cape Town says they’ve stepped up security after the United States, British, and Australian embassies put South Africa on terror alert. read more
Online retail sales expected to grow 20% this year

Online retail sales expected to grow 20% this year

07/04/2016 - 10:13
Online shopping is beginning to eat into the market share of traditional retail as more South Africans turn to the web. read more
Tweens a great force in retail market - expert

Tweens a great force in retail market - expert

02/10/2015 - 09:43
Durban – Do not underestimate the power of the so-called tween market in the SA retail industry, Alex Harris, head of SODA Bloc - a new local tween focused brand - cautioned on Thursday. read more
Make malls the place for people to gather - expert

Make malls the place for people to gather - expert

02/10/2015 - 09:12
Durban – A shopping centre is nothing more than a market place and that is how developers and retailers should approach retail spaces, according to Patrick Bruce, director of The Oval Partnership. read more
Cocoa, Heritage malls to boost shopping tourism in Nigeria

Cocoa, Heritage malls to boost shopping tourism in Nigeria

07/01/2014 - 08:51
The building of shopping malls by the Odu’a Investment Company is geared by the passion to revive, enliven and revitalise the shopping delight and needs of shoppers. The ancient city of Ibadan has joined emerging shopping hubs in Nigeria. read more
Consumption forecast growth drives mall mania, Report, Gabarone

Consumption forecast growth drives mall mania, Report, Gabarone

18/11/2013 - 10:21
There is a proliferation of shopping malls in Gaborone, in the last decade, raising questions of whether locals have the spending power to sustain the malls, economically. Property developers concede that the retail property market is subdued but remains one of the most viable business propositions to date. read more
Fountainhead delivers on market guidance and enters a new phase

Fountainhead delivers on market guidance and enters a new phase

14/10/2013 - 10:00
Fountainhead Property Trust last week declared a distribution for the 11 months to 31 August 2013 in line with market guidance and 2% down on its distribution for the comparable 11 months in 2012. The Trust changed its financial year-end from 30 September to 31 August. read more
ZEMA halts Mukuba Mall construction, Zambia

ZEMA halts Mukuba Mall construction, Zambia

10/10/2013 - 12:26
The construction of the US$40 million Mukuba Shopping Mall in Kitwe has hit a snag after being halted by the Zambia Environmental Management Agency (ZEMA). read more
Growthpoint beats its own forecasts

Growthpoint beats its own forecasts

30/08/2013 - 08:01
Cape Town - Growthpoint Properties [JSE:GRT] outperformed its own forecasts after reporting distribution growth of 7.2% for the year ended June 2013. read more
Shopping malls turn on to social media

Shopping malls turn on to social media

15/07/2013 - 08:55
As South Africans get more connected online, shopping malls are finding their voice on social media, according to a new report. read more
US: Edible Arrangements targeting malls with new Edible To Go concept

US: Edible Arrangements targeting malls with new Edible To Go concept

02/07/2013 - 10:56
Wallingford, Conn. -- Edible Arrangements, known for its fresh fruit arrangements, has launched a format, called Edible To Go, specifically designed for shopping malls and other high-traffic venues. read more
Namibia: Consumer confidence in shopping malls boosts Vukile Property Fund

Namibia: Consumer confidence in shopping malls boosts Vukile Property Fund

07/06/2013 - 11:30
Consumer confidence boost Vukile Windhoek - The value of Vukile Property Fund received a boost in the last financial year and the dual-listed South African property fund has just reported a 26.7 percent increase in profit or N$556.4 million available for distribution for the full year, as of March 31, 2013. read more
Nedbank helps Dipula buy shopping centres

Nedbank helps Dipula buy shopping centres

28/08/2012 - 08:42
Nedbank Corporate Property Finance has agreed to help finance Dipula Income Fund’s acquisition of three shopping centres serving rural consumers in Polokwane and KwaZulu-Natal. read more
Retail sales grew 5.97% in 3Q 2011

Retail sales grew 5.97% in 3Q 2011

02/03/2012 - 09:21
Nominal retail sales grew 5.97% in the third quarter of 2011, compared on a year-on-year basis. This is the word from property management group Broll , based on its quarterly Retail Barometer. read more
Shoppers make fewer visits to centres, but spend more

Shoppers make fewer visits to centres, but spend more

02/03/2012 - 08:09
Retail trading densities for South Africa’s largest shopping centres increased by 10.2 percent in the last quarter of 2011, despite people making fewer visits to the malls, the Investment Property Databank (IPD) said yesterday. read more
Township malls are red-hot property

Township malls are red-hot property

27/02/2012 - 08:47
Shopping malls aimed at the lower Living Standards Measure (LSM) groups are the star performers in listed property portfolios. read more