Despite moderate growth in South Africa’s retail sector, consumers are focusing on value, with private label brands outperforming. The Technology & Durables market faces challenges due to smartphone saturation.
Tag: Retail
Year in Review: Key trends in the South African retail payments industry
Physical retail is as important as ever, which means that in-person payments continue to play a pivotal role in South Africa’s retail landscape. In light of this, continued investment has been directed toward in-person payment innovation, a trend that is expected to persist well into the foreseeable future.
NIQ Retail Barometer: South Africans Expend R214 Billion on FMCG and Durable Goods in Q3 2024
FMCG and Tech & Durable goods saw a 4.1% YoY increase in value in Q3 2024, driven primarily by FMCG growth, while Tech & Durable goods recovered after experiencing flat growth in previous quarters. FMCG spending totaled R183 billion, with Tech & Durable goods reaching R31 billion in value.
State of the Retail Nation Q3: Consumer confidence starts to recover ahead of Black Friday
South Africa’s Tech & Durables market experiences solid sales growth in value and units YTD. FMCG sales rise 2.6% year-over-year. Value of private label FMCG sales on track to reach R100 billion.
3 strategies to maximise your Return On Ad Spend this retail season
Daniel Levy, Co-Founder of ad and data-tech platform Flow, believes the answer to staying competitive lies in first-party data. By harnessing the power of data already at their fingertips, local retailers can target customers more precisely and get the most out of their marketing budget. Levy, alongside experts like Woolworths’ Zack Nossel, reveals how brands can use data-driven insights to create hyper-targeted offers and boost sales in the weeks ahead.
Shift to omnichannel payments in retail to drive efficiencies and enhance CX
Quintin van der Linde & Don Lange from Ecentric Payment Systems explains why a shift to omnichannel payments in retail is key to drive efficiencies and enhance CX for the future.
How to take advantage of retail trends in 2024
This piece discusses the critical shift from omnichannel to ambient technology and the need for retailers to ground their aspirations in reality.