| 1 Aug 2011 |
| Retail | South Africa |
|
Retail, Associations, Banking & Finance, Brand news, Clothing & Textiles, Cold chain, Commercial property, CRM, CSI, Distribution, e-Commerce, Exhibitions & Events, FMCG, Franchising, Green sustainability, Health & Safety, Hospitality, Import/Export, Informal retailing, Instore, Logistics, Manufacturing, Merchandising, Packaging, Refrigeration, Regulatory, Research, Retail marketing, Retail services, Retail trends, Retailers, Security, Shipping & Transport, Shopfitting, Supply chain, Technology, Training
|
|
| |
Want it, need it, gooi itGemgem, a new group buying site specifically aimed at moms and tots launches today. Mike Abel reckons all these deal-of-the-day and "couponeer" sites are teaching consumers "...to pay less, to wait for the sale, the cut-price, the special. In and amongst it all, creating a perception that normal prices are too high or, put differently, I'm currently being ripped-off." I'm inclined to disagree with Mike here. We live in South Africa. As a consumer, I already know I'm being ripped off - what's news? But I can't fly to Dubai or Singapore every other week so I'm stuck here, turning a blind eye and accepting over-inflated prices. And when it comes to a 'need it now' item, or a woman spotting that 'must have' pair of shoes, consumers are not going to wait for the sale. The way I see group buying sites is that they encourage purchases based on one of two things. First, the standard 'on sale' impulse buy. You see something you like, which you probably wouldn't buy at its normal price, but you'll buy it now because "it's on sale". Second, they support 'the next best thing' buy. You want to go on holiday or get a massage - do you wait for a special from the place you really want to go to, or do you go to the one that's having a special right now? It's the businesses that rope in consumers through these sales processes that must heed Mike's words - once a customer is in the door, build a relationship with them. Gooi It had an interesting model based purely on impulse buying. You didn't have to get 10 other friends to buy to ensure the sale was "on". No, the product was already secured and you only had to make sure you bought while stocks lasted and within the limited time. I see the Gooi It team have decided to move on to other ventures and are making one last sale - the site itself. See www.gooi.co.za for more information. Yet, at the end of the day, as long as there are still 'need it now' and 'must have' consumers, or until Wantsa can ensure merchants will provide discounted goods when consumers want them (and they want it now!), there'll still be full priced purchases made tomorrow. Shan Radcliffe, Retail editor
Please send retail news to: retailnews@bizcommunity.com
Responses to this column welcomed in our new online editor's column archive.
Image: renjith krishnan / FreeDigitalPhotos.netTop stories
Retail
Today, 1 August 2011, the Competition Tribunal will consider the proposed large merger between Shoprite Checkers and Metcash Seven Eleven and a portion of the Friendly Distribution Division of Metcash Trading Africa. Read more >>
Advertisement:
At the recent South African Terroir Wine Awards, Durbanville Hills wines were national winners in two categories. The 2009 Durbanville Hills Biesjes Craal Sauvignon Blanc and 2011 Merlot Rosé were the top scorers in the Sauvignon Blanc and Rosé categories, respectively. The Sauvignon Blanc is available from the Vinoteque and the Rosé is available at leading liquor outlets at around R37 per bottle. Read more >>
[Kate Benson] Hiring individuals because they fit your corporate culture is one thing, hiring executives because they share similar resumes and backgrounds, is quite different. Having a diversity of experience in your corporation is extremely important. It allows the entrance of fresh perspectives and ideas to pass through your walls and emerge as new concepts on the sales floor. Read more >>
Associations
 The Business Women's Association (BWA) has announced the finalists of this year's Businesswoman of the Year Awards (BWOYA) in the Corporate and Entrepreneurial Businesswoman of the Year categories. Read more >>
Advertisement:
Banking & Finance
 [Issa Sikiti da Silva: @sikitimedia] Close to 80% of Africa's adult population is unbanked and this portion represents a total of 326 million adults, State Bank of Mauritius CEO Gautam Vir revealed at the Retail Banking Africa conference currently taking place at the Hyatt Regency Hotel in Rosebank, Johannesburg. Read more >>
Brand news
Commercial property
 IFA Hotels & Resorts (IFH) said on Monday, 25 July 2011, that it had signed a sale of shares agreement with Cinmark Twenty Seven for the sale of wine farm Boschendal from its subsidiary IFA Boschendal Investments and JCI Investment Finance, in a deal worth R700 million. Read more >>
e-Commerce
 A new collective buying site, Gemgem, that focuses on mother and child needs through daily email offers opens today 1 August 2011. It sources items such as clothing, fun outings, toys, educational books and other deals. The concept was born by owner/creator Jade Bush, who manages the business with her partners Anna Carst, an interior designer with a marketing background and Nicholas Rixon on technical strategy and development. Read more >>
 [Mike Abel] I'm fascinated by the growth and proliferation of the online couponeers and discounters such as Groupon, Catch of the Day and the like. "Everyone loves a deal" - this we know, but what does it mean to brands, margin, customer trust and sustaining pricing models? Read more >>
 [Issa Sikiti da Silva: @sikitimedia] E-commerce in South Africa has been taken to 'another level', with the launch by MTN MobileMoney of payD, a payment mechanism that allows people to buy online - securely - using their debit cards. The launch function took place yesterday, Thursday 28 July 2011, at the Hyatt Regency Hotel in Rosebank, Johannesburg. Read more >>
 36Boutiques, which began in 2010 as a 36-hour flash sales online portal, has now relaunched itself as a 24/7 site with constant collections alongside its famous flash sales, ensuring that customers have access to a wide selection of local and international brands. It has also introduced 36TV, 36Magazine and 36News. Read more >>
GoIndustry DoveBid SA, a subsidiary of GoIndustry, a listed company on the London Stock Exchange, will launch the group's first worldwide venture into online property auctions. Globally known as Go-Dove, it has been involved in international online auctions since 2000 and is one of the world's largest specialist plant and machinery valuation and disposal companies. Read more >>
Exhibitions & Events
 Decorex SA marks its 18th anniversary with the launch of the Decorex Designer Collection, a quirky, colourful range of homeware and signature products by nine South African designers whose work will be sold at a hip pop-up shop at Decorex Joburg at Gallagher Convention Centre 5-9 August 2011. Read more >>
Dr Magda Nenycz-Thiel, a senior researcher from the Ehrenberg-Bass Institute for Marketing Science at the University of South Australia, will present three invitation-only seminars entitled, "Can house brands compete against private labels?" Read more >>
 The winners of the Shoprite Checkers Women of the Year Award were announced on Saturday, 23 July 2011, at the Emperor's Palace in Gauteng. The gala event will be broadcast during prime time on Monday, 8 August 2011 on M-Net and will be re-broadcast on National Women's Day, 9 August. Read more >>
FMCG
Hospitality
 The finalists for the Kwêla Rapport Dorp van die Jaar competition, sponsored by KykNET, Rapport and Leopard's Leap Wines have been announced. Voting lines opened yesterday, 31 July 2011 and close on 9 August 2011. The winning town will be announced and featured on Kwêla on 10 August 2011 at 7.30pm. Read more >>
 Southern Sun has announced that, in a first for Africa, it offers booking services through its Facebook pages. Potential guests have the opportunity to check availability and directly reserve rooms via the company's Facebook page, without leaving Facebook. Read more >>
Instore media
Manufacturing
The Producer Price Index (PPI) in June rose to 7.4%, Statistics South Africa (Stats SA) said today, Thursday 28 July 2011. Read more >>
Regulatory
Research
The inaugural SA AutoBrand 2011 Survey, produced by RamsayMedia Research Solutions (RMRS), indicates that price is the more important determining factor in new vehicle purchases and that people who are in the market for a new car will consider several categories to meet a specific budget or best fit a lifestyle need. Read more >>
[Issa Sikiti da Silva: @sikitimedia] The South African consumer confidence has recorded its highest rise since 2009, recording a double digit rebound of 10.8 points - from 54.7 six months ago to a current optimistic 65.5, according to figures released this morning, Thursday 28 July 2011, in Johannesburg by the MasterCard Worldwide Consumer Index. Read more >>
Retail marketing
 Yum yum, #biztakeouts were tasty last week, with a smattering of Kulula and BlackBerry and the phone-hacking scandal! The podcast of the Bizcommunity/Chai FM Marketing & Media radio show, hosted by Kevin Fine on Wednesday, 27 July 2011, 6pm-7pm on 101.9 FM in Johannesburg and via streaming audio, is now available. Read more >>
Retailers
 Sandton City recently saw the arrival of five world-class retailers, each adding a distinct flair to the Sandton City brand. "We welcome Dumond, Inglot, Carlo Pignatelli, Miguel Vieira and Kurt Geiger to our retail family," says Sharon Swain, centre manager at Sandton City. "Each of these retailers boasts a unique and premium offering and their arrival brings the best of international trends to our local market." Read more >>
 Adding to its conversion of Trade Centres to Metro Hyper stores, Metcash Trading Africa announced the opening of Hillfox, Hermanstad, Springs, Polokwane and Bloemfontein, yesterday 28 July 2011, bringing the number of stores to eight. Read more >>
Shipping & Transport
Supply chain
Pan-African group Lonhro plc's seafood division, Oceanfresh, announced on Monday, 25 July 2011, that its pure Hake Fillets will be sold in 500 Walmart stores in the US beginning in October 2011. Read more >>
Technology
 LONDON, UK: Following a first stage judging process, campaigns have been shortlisted in 13 categories and will now be presented to the final jury, who will select the winners. SA is represented in the M&M Global Award: Media Owner, and Nation and Destination Branding categories by the entry 'South African Tourism adventurers wanted', entered by Fox One Stop Media, with the company to be credited being Ogilvy Johannesburg. Read more >>
More International news...
FMCG
 Fore Good has announced the availability of new Canderel Chocolate coated almonds. Read more >>Logistics
IMPERIAL Logistics has acquired 60% InSync Solutions. Following the establishment of Panopa locally in 2010, the union further entrenches IMPERIAL Logistics' service offering to the automotive industry with particularly time sensitive and accuracy-driven logistics needs. Read more >>
Farry Purkiss & Taxi Violence at Mercury
More
The stretch of N3 between Van Reenens Pass and Villiers has been re-opened with lane restrictions after it was closed for two days following heavy snow falls in the area. The closure of the road left motorists and truck drivers stranded for two days. Read more >>
More Motoring news...
 [Brian Berkman: contributing editor, travel] Think Meander and the KZN-Midlands come to mind. Following the traction of that powerful collective brand, Cape Town Tourism has introduced The Cape Country Meander that takes in Grabouw, the Elgin Valley and Villiersdorp. Read more >>
 Nobody really needs a reason to take a stunning tropical holiday. But it doesn't hurt to have a good one anyway... So Thompsons Holidays, in partnership with OFM and MiWay, presents the Mauritius Tour, a six-night holiday to mark the radio station's 25th birthday. Read more >>
More Travel news...
 [Corné Krige] This weekend was another sad day for Springbok Rugby as the Boks took another hiding, this time at the hands of the All Blacks. We Springbok supporters always believe that there is an outside chance, even when the writing is on the wall. What I wanted this weekend was a better performance from the young Springboks and a closer score. Read more >>
More Sport sport...
 [Ruth Cooper] With the recent international release of Dance you're on Fire's debut album Secret Chiefs and their current national tour, not to mention the fact that this young band has racked up a fair amount of radio hits in a short space of time, we felt it was about time we chatted to this breakthrough band. So we met in cyberspace with Tom Manners to discuss tours, Oppi, recording processes and honey badgers. Read more >>
The winners of the 2011 Absa L'Atelier Art Awards have been announced as Ian Grose, the overall winner, and Isabel Mertz, who won the 2011 Gerard Sekoto Award for the most promising artist with an income of less than R60 000 per annum. Read more >>
 The Clover Aardklop National Arts Festival, which runs from 4 to 9 October, 2011, in Potchefstroom, will feature threatrical, musical and art productions including a new staging of Pieter Fourie's Mooi Maria. The festival will end with an exclusive solo concert by pianist Petronel Malan. Read more >>
 [Jordan Scott] As we wait eagerly, getting our drinks and chatting, we can hear them getting ready. The audience take their seats and, as the Tenors step onto the stage suited up to the nines, I already know it's going to be everything I had hoped for. The most amazing thing is that they are not incredibly big men, but, wow, they have incredibly big voices. From the first note you're eyes are fixed on the stage and you're sitting at the very edge of your seat. Read more >>
 Tickets for the 2011 Rock the Boat Party Holiday will go on sale on 1 August to the expected 2000 holidaymakers expected to attend the luxury, all-inclusive three-day holiday cruise that celebrates the year end. Read more >>
More BizLounge news...
Click here to customise your jobs section
- Professional sales skills The Peer Group - Brackenfell, 3 August
- Guerrilla filmmaking course Auteur Film School - Cape Town, 6 August
- The green market - women 4 mother earth The Green Market Events - Pretoria, 6 August
- Film producer's workshop Auteur Film School - Johannesburg, 7 August
- Film producer's workshop Auteur Film School - Cape Town, 7 August
- Random House Struik creative writing course GetSmarter - Countrywide, 8 August
- Leer weer passievol leef Hair & Beauty Matters - Bellville, 9 August
- Business meets the city of Cape Town Cape Chamber of Commerce and Industry - Cape Town, 10 August
- Frontline/receptionist excellence The Peer Group - Pretoria, 11 August
- Screenwriting workshop Auteur Film School - Johannesburg, 13 August
Click here to customise your events section
"Every trend has an implicit "anti-trend" associated with it. (via Warc)" - Joseph Gelman "He who buys what he does not need steals from himself. (via Quotegarden)" - Author Unknown "The wheel that squeaks the loudest is the one that gets the grease. (via Goodquotes.com)" - Josh Billings "There is only one boss. The customer. And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else. (via Goodquotes.com)" - Sam Walton "You have succeeded in life when all you really want is only what you really need. (via QuoteGarden)" - Vernon Howard
Print - Print any item in this newsletter.
Email - Email any item in this newsletter.
Comment - Comment on any item in this newsletter.
|
|
Advertisement:
ActivRetail-fmcg.co.za provides information on retail sector companies, their brands, products and services, plus an extensive range of information on related subjects including research, certification, regulations, and much more. |
|
New people on biz
|
|
|
