Retailing in South Africa report offers insight into
key trends and developments driving the industry. The report examines all
retail channels to provide sector insight. Channels include hypermarkets,
supermarkets, discounters, convenience stores, mixed retailers, health and
beauty retailers, clothing and footwear retailers, furniture and furnishing
stores, DIY and hardware stores, durable goods retailers, leisure and personal
goods retailers. There are profiles of leading retailers, with analysis of
their performance and the challenges they face. There is also analysis of
non-store retailing: vending; home shopping; internet retailing; direct
selling, as available.
Retailing recorded significant current value growth
of 10% in 2012. This growth was stimulated by unit price increases across all
retail channels during the year. The rising costs of production pushed up the
final unit prices of most retail products. Rising fuel and electricity costs
remained the key driver of inflation; retail value sales growth fell as
consumers cut their spending, which led to them buying less quantities of most
products, hence leading to lower volume growth but stable value
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Retailing value sales grew by 3% in 2012, up from 1%
growth in the previous year. This performance can be attributed to a rise in
unit prices, which, according to the Slovak statistical office, rose by 4% in
2012. While consumer purchasing power remained weak, demand stagnated as
consumers continued to focus on making savings due to increasing uncertainty
created by rising unemployment and the mounting European debt crisis.
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Retailing increased by 3% in current value terms in
2012, compared with a CAGR of 2% witnessed during the review period. 2011 value
growth was nonetheless slightly higher than the growth in 2012, at 5%. This was
largely due to the increase in Goods and Services Tax (GST) which took place in
October 2010, and led to an increase in unit prices.
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Table
of Content
Executive Summary
Value Growth Exceeds Volume Growth
Consumers Embrace Private Label Products in A Period of Rising Costs
Grocery Retail Sales Continue To Drive Overall Growth
Shoprite Holdings Continues To Dominate Retailing
Stable Is Growth Expected Over the Forecast Period
Key Trends and Developments
More Foreign Investors Are Expected, As the Government Seeks To Improve Levels of Employment
More Online Stores Are Expected To Open As the Number of Web Users Increases
Product and Service Levels Are Set To Improve in South Africa
Private Label Is Gaining Popularity
Growth in the Number of Black Middle-income Consumers Continues To Affect the Growth of Retailing
Retailers Face A Dilemma Between Expansion and Rising Operational Costs
Market Indicators
Value Growth Exceeds Volume Growth
Consumers Embrace Private Label Products in A Period of Rising Costs
Grocery Retail Sales Continue To Drive Overall Growth
Shoprite Holdings Continues To Dominate Retailing
Stable Is Growth Expected Over the Forecast Period
Key Trends and Developments
More Foreign Investors Are Expected, As the Government Seeks To Improve Levels of Employment
More Online Stores Are Expected To Open As the Number of Web Users Increases
Product and Service Levels Are Set To Improve in South Africa
Private Label Is Gaining Popularity
Growth in the Number of Black Middle-income Consumers Continues To Affect the Growth of Retailing
Retailers Face A Dilemma Between Expansion and Rising Operational Costs
Market Indicators
For
more details contact Mr. Priyank Tiwari: sales@rnrmarketresearch.com / +18883915441
Website:
http://www.rnrmarketresearch.com