Retail News

As a modern consumer, it can become overwhelming to consider all of the ethics behind your purchases. One entrepreneur, Ginette Blackbeard, founder of Enough Beauty Health, is attempting to simplify this issue by providing customers with products that not only fulfil their function but also ease consumers' environmental guilt. 8 Nov 2023

The 11.11 sale is upon us - many brands have already started offering special promotions. Last year, the number of orders from brands websites and marketplaces jumped by 42% globally and by 39% in MENA during the sale. This year, experts predict an even bigger jump in MENA online sales - over 45%. 8 Nov 2023

Onsite performance-based advertising has proved itself a game-changing strategy for retailers looking to drive sales of branded goods sold on their platform. This data-driven approach that delivers measurable results, is capturing the hearts, minds, and budgets of brands trying to maximise their sales on the Takealot platform. 8 Nov 2023

South African retail research business Trade Intelligence has marked its official entry into the Kenyan market with a Retail Trends presentation at the Retail Trade Association of Kenya (Retrak) Forum. 8 Nov 2023

Finally, after over four decades of overseeing the franchise sector in South Africa, which has become one of the largest contributors to the economy through its almost 800 franchise systems, close to 70,000 outlets that employs around 500,000 people contributing R999bn in estimated turnover equating to 15% of GDP - the government finally acknowledged the role that franchising has played in the country. 7 Nov 2023

American novelist, Herman Melville once wrote: "It is better to fail in originality than to succeed in imitation." This quote felt apt as we review consumer habits and the annual "Black Friday" and "Cyber Monday" trade events. 7 Nov 2023

Dis-Chem CEO Rui Morais was so inspired by the sentiment change in South Africa following the Springbok Rugby World Cup victory, that he penned a letter to Springbok captain Siya Kolisi and his team. 7 Nov 2023

Africa has a vibrant beverage culture that is evolving at pace. On the one hand, offering a wider selection of drinks that cater to new shopping behaviours, and on the other opening up exciting opportunities for local producers, entrepreneurs, and multinational beverage companies looking to tap into this diverse marketplace. 7 Nov 2023

"It's all about the detail and constantly looking for ways to improve that detail," said Tony Da Fonseca, CEO of the OBC Group, during his presentation at the latest Nedbank Franchise Executive Forum, which was hosted in collaboration with franchise coaches recently. 6 Nov 2023

Inkunzi Emnyama - Castle Milk Stout, has scooped up the 2023 Gold Monde Award for its unwavering commitment to delivering exceptional quality and taste to beer enthusiasts. Three has proven to be quite the charm for South Africa's Premier Stout as they had previously been recipients of a Gold in 2022 and the Grand Gold in 2021. 6 Nov 2023

As we enter the final stretch of the year, retailers are anxiously eyeing a bumper festive season shopping period when South Africa's peak annual shopping period kicks off with Black Friday at the end of November. 6 Nov 2023

LG Electronics recently announced its Q3 2023 consolidated revenue of KRW 20,7tn and operating profit of KRW 996,7bn, both the second highest third-quarter figures in the company's history. The noteworthy performance was driven by both the company's core home appliance business and vehicle solutions, one of its future growth engines. 3 Nov 2023

With the festive season fast approaching, there are busy days ahead. Parking areas are going to be busy, with increased foot traffic into shopping centres, and crime rates will also increase, with criminals targeting unsuspecting, distracted shoppers. 3 Nov 2023

Bulldog Gin, the bold and contemporary London Dry Gin, is proud to announce its latest milestone in its partnership with South African singer, rapper, and DJ, Lady Du. Their dynamic collaboration began in 2021 and has taken a bold leap into the Johannesburg cityscape with the launch of four eye-catching billboards, marking an evolution in their relationship. 3 Nov 2023

With the growth of Jacobs Barista coffee beans in the South African coffee market, the coffee brand recently introduced two new variants to the Barista Editions. Barista Espresso Italiano and Barista Crema Italiano offer consumers an authentic Italian taste and exceptional coffee experience. 2 Nov 2023

If you're a CEO or even a high-ranking executive, you're probably confident you know everything (or almost everything) about your business. But no matter how much time you spend pouring over reports, making surprise visits to different departments, and engaging with employees and customers, there's a good chance you're missing out on vital information. 2 Nov 2023

The Wall Street Journal (WSJ) reported in June this year, retailers are turning to new technologies and greater use of data across their supply chains in an effort to fix forecasting tools. These initiatives are aimed at closing gaps that emerged over the past three years as merchants veered between product shortages and overstuffed inventories in rapidly changing consumer markets. 2 Nov 2023

If you are feeling as if your prepared food, grocery, restaurant and food delivery behaviour has changed over the past few years, you are not alone. Research from Eighty20 shows that while restaurants and coffee shops have battled since Covid and are still ~22% below 2019 revenue (at constant prices), the takeaway and fast-food category recovered quickly after covid and is now ~41% above 2019 levels (at constant prices). 2 Nov 2023