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Posts Tagged ‘RETAIL’
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July 15, 2019

#BrandFocus: Ackermans on owning the value-retail space, body positivity

Ackermans has been in the value-retail space since its inception in 1916 and it’s this focus on delivering value to its customers that Mamabolo believes has been the cornerstone of the brand’s success and growth. “Being a value retailer in South Africa, especially in the early days, was not seen as anything great. In the olden days, fashion was [the] key driver but there was that niche that we found as a brand on the value side and we have really managed to cover ourselves as the best value retailer in the industry,” he says.

There are nearly 800 stores in six southern African countries and, for the past few years, Ackermans has come out tops in the Ask Afrika Kasi Star Brands [...]

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July 11, 2019

What to consider before venturing into franchising

Many entrepreneurs consider going into franchising as a guaranteed route to attaining business success.

“Despite the sector having a higher success rate compared to its counterparts, franchising has its pros and cons and will not necessarily be suitable for every entrepreneur. Entrepreneurs who are considering or have decided pursuing franchising as a business opportunity should perform due diligence to avoid making costly mistakes,” says Morne Cronje, Head of Franchising at FNB Business.

He shares key factors that entrepreneurs should consider to determine if franchising suits their needs and business endeavours.

Is franchising right for me?

Acquiring a tried [...]

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July 9, 2019

South African retail supply shows steady growth

With economic conditions remaining challenging, the short-term outlook for the South African retail sector doesn’t look promising. Data from FNB/BER indicates that consumer confidence declined in the first quarter of 2019 in comparison to data from the last quarter of 2018. However, the long-term outlook appears positive with high levels of construction as well as the increase in willingness from retailers to anchor new developments.

Despite concerns of over-supply in certain locations, the retail market has shown steady growth with the number of shopping centres increasing from 1959 in mid-2017 to over 2000 at present.

This is according to the latest Retail [...]

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June 26, 2019

How Jumia claimed Africa

Jumia, Africa’s largest online retailer, was founded in 2012 by Sacha Poignonnec and Jeremy Hodara, who were both former employees of the American worldwide management consulting firm, McKinsey & Company.

Jumia offers customers the ability to buy products online, like phones and shoes, as well as groceries, flights, food delivery, and offers bill paying and cellular data plans. The company sought to build an online shopping experience, among other digital products, that could work well with Africa’s sometimes ineffective infrastructure.

According to Chinese state-run news organization China Daily, Alibaba serviced 4.2 million African customers through its AliExpress [...]

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