From spaza shops to franchises and 24-7 forecourt stores, the South African convenience store sector has something to offer aspiring entrepreneurs with a range of budgets and experience. Growth in grocery retail has been driven by spaza shops – an ‘informal’ South African convenience store usually run from home ( co.za) Off price retailer. The Dutch-based multinational retailer operates convenience stores, grocery stores, hypermarkets, discount stores, and pharmaceutical shops spread out in not only South Africa … - Vox. You can’t say, “That’s not my job.”; It’s all yours. The e-commerce store sets itself apart from the rest by not just allowing sellers to put fixed prices on their items, but allowing them to put anything up for auction as well. Catalogue showroom This statistic depicts total retail sales in South Africa from 2011 to 2020. Figure 7: Stores for Grocery (Household and Toiletry) Shopping The South African food retail market is highly concentrated with the top seven companies of Shoprite, Pick n Pay, Massmart-(Walmart owned), Spar, Woolworths, the Food Lovers Market, and Choppies- (Botswana owned) accounting for about 80 percent of all retail sales. The geographical proximity and maturity of South Africa has led to retailers such as Woolworths Holdings Ltd, Pick ‘n Pay Stores Ltd and Shoprite Holdings Ltd expanding into neighbouring markets. South African food retail sales reached US $44.9 billion in 2017. South African retailers looking to expand widely in sub-Saharan Africa When analysing modern retailing in Africa , the dominance of South African companies is striking. of total retail sales in South Africa at 0.59% in 2014,6 the market is seeing a positive growth rate. eCommerce channel share of total retail sales in South Africa (2011-2020F) Source: Planet Retail F = Forecast retail sales Mobile commerce or mCommerce has become a focus for many retailers, given the Made especially for the retail industry, our company sells the latest retail pos systems designed for single store, multi-store businesses and franchises. The fastest growing types of online stores in South Africa What is a Retail Store? 9 Different types of retail stores. Independent off price retailer; 3. the South African grocery retail sector and found that it is broadly split between formal and informal segments. By visiting this page, you will be discovering a lot of significant factors to consider in … Indeed, 49% of South African internet users visited an online retail store, 47% of South African internet users searched online for a product or service to buy and 29% bought something online via any device in the past month (We Are Social, 2018) – statistics sure to grow as more and more people jump onto the online shopping bandwagon. They’re using their new purchasing power – and the validation that being recognized brings – to demand that global brands pay homage to their personal and cultural preferences. Beer, wine and liquor stores had the highest gross revenue, with $51,939.39 per month. Super markets; 4. Online retail in South Africa is due to pass the R14 billion mark in 2018 as e-commerce begins to go mainstream. This includes a café/small food store, takeaway foods, local restaurants, DVD stores, banks and ATM facilities. This retail facility aims at satisfying the local needs of the residents within one or two adjoining suburbs. Retail. Zara's latest store concept is coming to Cape Town. We service the following retail and hospitality industries supermarkets, retail clothing stores,taverns,gift stores, book stores, bakeries, pubs, canteens, boutiques, take away outlets, restaurants, coffee shops, vape stores, Pet Stores, Shoe Stores, hardware stores, etc. in Gauteng, Limpopo, Mpumalanga, Free state and surrounding regions. 2016-10-11. The industry has huge long term growth potential. Mpressy Group South Africa: Loskop: General Supply/Trading: Multiset.co.za: Cape Town: A general ecommerce store selling a variety of o: My Shoe Shop: Cape … When it comes to the retail business in Africa, South Africa is without-a-doubt a market leader. It is home to many retail stores that not only have their presence in the country but also beyond. The number of retailers in South Africa is always on the rise, this is attributed to the increasing middle-class... In the war for the consumer’s share of wallet, South Africa’s top five supermarket brands will need to do much more to fully differentiate themselves on the many complex drivers of customer satisfaction. Although traditional retail stores dominate the South African market, consumers are choosing the online option for cheaper technical goods purchases. 1. South Africa's Clothing Market, 2019 - Analysis on Trade Call Investments Apparel, Kingsgate Clothing, Allwear Clothing, Edcon, The Foschini Group, … The important types of retail stores are: Speciality store. Department store. Super market. Convenience store. Discount store. Against this bleak backdrop, what does the future of retail in South Africa look like? South Africa’s best retail shops Tweet. Urbanisation is the top trend driving retail in South Africa at the moment, according to Gavin Tagg, managing director of Retail Network Services. Strategies to target individuals and shopper missions. Fact 1: South Africans spent R31 900 per second in retail stores in 2017 Now, let look at the data from an industry-specific perspective. 2. If you're in the Retailing industry in South Africa, our research will save you time and money while empowering you to make informed, profitable decisions. restaurants and catering), and retail. What is your risk tolerance? Retailers in South Africa are also either … The homeware sector of the retail market has grown exponentially over the last four years. Five major locally owned corporations dominate the industry, operating warehouses, wholesale outlets, hypermarkets, supermarkets, and convenient stores throughout South Africa… Convenience store; 5. 5. Despite increase in unemployment and slump in economic condition over the last few years, apparel has emerged as the biggest retail segment in South Africa in 2018 and it will be no surprise if the country’s retail sector attains its zenith in 2019. by Apparel Resources 08-November-2018 | 7 mins read. Discount store; 6. In April 2018, luxury German watchmaker A. Lange & Söhne opened their first store in South Africa. Historic number of stores, selling space and values, company and brand market shares. The poor read more » So stores are filing for bankruptcy. of South Africa given that both Shoprite and Spaza Stores cater for low to middle income consumers. But December 2018 was a tough month for retail in South Africa. In the last five years, the South African retail industry has experienced a period of transformation. South Africa’s online retail sector, though small by the standards of developed international markets, has been growing rapidly in scope and value. Established in 1999, Bid or Buy is one of South Africa’s oldest online shopping destinations. Growth in grocery retail has been driven by spaza shops – an ‘informal’ South African convenience store usually run from home (co.za) The grocery retail environment in South Africa is extremely competitive with many retailers focusing on a price war, competing for prime store locations, training staff, modernising their stores with wider aisles and offering dedicated product category alcoves for easy navigation, according to Euromonitor International. Point of Sale Hardware You can now buy point of sale hardware from the largest online store in South Africa with the widest variety of point of sale equipment to choose from. Stats SA takes a look at five facts that you might not have known about the retail trade industry. 6 March 2019 / SA-csi SA’s top 5 supermarket brands battle it out for the hearts and minds of South African consumers – SA-csi 2018. The Supermarkets in South Africa market research report includes: Analysis of key supply-side and demand trends.

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