South African retail sales Archives

NIQ South Africa has released its latest State of the Retail Nation analysis for the first nine months of 2024, showing healthy revenue prospects for the FMCG and Tech & Durables retail sectors. The report highlights a positive shift in consumer sentiment throughout the year, setting the stage for healthy sales growth during the Black Friday and festive season periods. NIQ’s data shows that 42% of South African consumers believe they are in a better financial position than they were a year ago. However, higher costs of living, low wage growth and unemployment continue to be a challenge for many. Among the 33% that report they feel worse off, the reasons for this sentiment included increased living costs (80%), the economic slowdown (54%), and concerns regarding job security (39%). Z...

FMCG trade grows 3% year-over-year to R303 billion for the first half of 2024 Technology and Durables market growth stable at 2% Promotions are the key to growth in a price-sensitive market NIQ South Africa has released its latest State of the Retail Nation 1 analysis for the first six months of 2024. The data reveals that South African consumers spent R303 Billion on fast-moving consumer goods (FMCG) through traditional and modern trade channels during the first half of the year. This represents 3% year-over-year growth, with the gains primarily driven by price increases. Actual sales volumes decreased across most FMCG categories. Food and Personal & Health Care were the categories that showed the strongest growth at a time when consumers were under significant strain from ...

Tag: South African retail sales

State of the Retail Nation Q3: Consumer confidence starts to recover ahead of Black Friday

NIQ South Africa releases FMCG and Tech Durables sales data for Q2 2024