The slow online retail shift - 9 May 2016
By Jessica Taylor, Retail Editor (@Biz_Retail)Our big focus this week is on big SA retailers slowly making their move to the Web, with Colleen Goko writing that World Wide Worx MD Arthur Goldstuck confirms SA is still five to 10 years behind the major Western markets in terms of online retail uptake and innovation. There's little wonder online retailers have become more popular locally over the past decade as consumers look for convenience in a continuously connected world.
We also find out about a development that's set to send even more consumers online -Amazon's new air cargo deal, which will provide more independence from freight firms for delivery of online purchases. The partnership with Atlas Air Worldwide Holdings will enhance Amazon's customer delivery capabilities, with full service expected through 2018.
But it's not all happening online. Shifting focus back to the 'bricks and mortar' physical realm of retail, we find out what went into the recent revamp of the East Rand Mall, located in the heart of Boksburg. It's currently valued at an estimated R2.4bn on the property market and now set to further support the community in their retail and lifestyle demands.